Latest Stock Market News

PB Fintech reported strong numbers for the quarter ended December, with the company posting a consolidated net profit of Rs 38 crore, against a loss year ago.

During the quarter, the company received orders worth Rs 75,990 crore at the group level registering a growth of 25% on a year-on-year basis. Orders were received across businesses like offshore verticals of hydrocarbon, solar EPC & Power Transmission, Water Utilities, Buildings & Factories, and Minerals & Metals sectors. International orders at ₹ 50,562 crore during the quarter comprised 67% of the total order inflow.

Barra highlighted moves to return cash to shareholders, including $12 billion in 2023 through a $10 billion share buyback and a 33% dividend increase.

The total income fell to Rs 3,053.04 crore in the third quarter of this fiscal year from Rs 3,469.6 crore in the year-ago period, according to a regulatory filing.

Rating agency Crisil which had organised the webinar said it expects assets under management (AUM) growth in the sector to moderate to 5% to 6% in fiscal ending March 2025 from 17% in March 2023, which was largely because unlike last fiscal there is no large transfer from a bank (Yes Bank) to an ARC (JC Flowers).

The flagship company of the Aditya Birla group had set the price for the rights issue at Rs 1,812 per share, with shareholders entitled to six rights equity shares for every 179 that they held in the company as on January 10.

​Its revenue from operations increased 3.36 per cent to Rs 639.46 crore during the quarter under review as against Rs 618.62 crore a year ago, Gillette India said in a regulatory filing.

The 30-share BSE Sensex fell by 802 points or 1.11% to settle at 71,139.90.

The IPO of KP Green Engineering is entirely a fresh issue of up to 1.31 crore shares with no offer of sale component, according to the draft red herring prospectus (DRHP) filed last week.

General Motors reported higher quarterly profits Tuesday thanks to continued robust vehicle pricing amid strong North American demand, offsetting the hit from a labor strike. The company relied heavily on its North American division, where sales of full-size pickup trucks and sport utility vehicles remained lofty.