Latest news with #ShalabhSaxena
Time of India
a day ago
- Business
- Time of India
CBI court grants bail to NCLT deputy registrar
Mumbai: A special CBI court on Friday granted bail to arrested National Company Law Tribunal (NCLT) deputy registrar Charan Pratap Singh, in connection with a bribery case. He was arrested on May 29. Singh moved a bail plea through advocate Shalabh Saxena, submitting that during searches at his homes, the total cash found was merely Rs 22,000. "The accused owns no property in Mumbai and is living in shared accommodation in an 8x10 chawl with a common bathroom and toilet," the plea submitted through advocate Shalabh Saxena Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Business Standard
24-04-2025
- Business
- Business Standard
Stock Alert: Bajaj Housing Finance, Tata Consumer Products, LTIMindtree, Axis Bank, Bajaj Finance
Securities in F&O Ban: RBL Bank shares are banned from F&O trading on 24 April 2025. Upcoming Results: Axis Bank, Hindustan Unilever, Nestle India, Tech Mahindra, Mphasis, SBI Cards and Payment Services, Supreme Inds, Tanla Platforms, Waaree Technologies, Laurus Labs, Indian Energy Exchange (IEX) will declare their result later today. Stocks to Watch: Tata Consumer Products reported 52.06% jump in consolidated net profit to Rs 407.07 crore in Q4 FY25 as compared with Rs 267.71 crore in Q4 FY24. Revenue from operations jumped 17.35% to Rs 4,608.22 crore in Q4 FY25 as compared with Rs 3926.94 crore in Q4 FY24. Meanwhile, the companys board has recommended a dividend of Rs. 8.25 per equity share of Re. 1 each for FY25, if approved by the shareholders at the ensuing 62nd Annual General Meeting, will be paid on or after June 21, 2025. LTIMindtrees consolidated net profit advanced 2.6% to Rs 1,099.9 crore on 9.88% revenue from operations in net sales to Rs 9,771.7 crore in Q4 FY25 over Q4 FY24. Meanwhile, the companys board has recommended a final dividend of Rs 45 per equity share on a face value of Rs 1 each for the financial year ended 31 March 2025. The final dividend will be paid within 30 days from the conclusion of the AGM. Bajaj Finance said that its board is scheduled to meet on 29 April 2025, to consider stock split and bonus issue. Bajaj Housing Finance reported a 53.85% jump in standalone net profit to Rs 586.68 crore in Q4 FY25 as compared with Rs 381.34 crore in Q4 FY24. Revenue from operations increased 25.62% YoY to Rs 2507.96 crore in Q4 FY25. 360 ONE WAMs consolidated net profit rose 2.88% to Rs 249.60 crore in Q4 FY25 as compared with Rs 242.61 crore in Q4 FY24. Revenue from operations increased 3.74% YoY to Rs 820.77 crore during the quarter ended 31st March 2025. Spandana Sphoorty Financial's managing director (MD) and chief executive officer (CEO), Shalabh Saxena has tendered his resignation on 23 April 2025. He will continue to assist the company during his notice period to enable a smooth transition.
Business Upturn
24-04-2025
- Business
- Business Upturn
Top stocks to watch today, April 24: Bajaj Finance, LTIMindtree, Tata Consumer Products, Persistent Systems and more
Indian benchmark indices ended higher on Wednesday, April 23. The BSE Sensex rose 520.90 points, or 0.65%, to settle at 80,116.49, while the NSE Nifty50 gained 161.70 points, or 0.67%, to close at 24,328.95. As markets prepare for Thursday's session, several stocks are expected to be in focus due to key corporate announcements and earnings updates. Stocks to Watch on April 24, 2025: Advertisement Tata Consumer Products: The company reported Q4 results largely in line with expectations. Its foods business recorded a 17% year-on-year growth in organic revenue. Bajaj Finance: The board is scheduled to meet on April 29 to consider an interim dividend, stock split, and a potential bonus issue. LTIMindtree: The company posted flat EBIT margins for the quarter but expressed confidence in growth for Q1 FY26. Biocon: The board approved fundraising of up to ₹4,500 crore via Non-Convertible Debentures (NCDs) and Qualified Institutional Placement (QIP). Dalmia Bharat: Q4 results were largely in line with estimates. Margins improved to 19.40% compared to 15.20% in the same quarter last year. Persistent Systems: Reported above-estimate constant currency revenue growth. The company is optimistic about reaching $2 billion in revenue by FY27. Can Fin Homes: Net Interest Margin (NIM) rose to a four-quarter high of 3.82%. Disbursements were up 6.10% YoY and 30.65% QoQ. Adani Green Energy: Signed a 1,250 MW Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation for power supply from its hydro project. Samhi Hotels: Confirmed reports that GIC will acquire a 35% stake in three subsidiaries for ₹752 crore. Thyrocare Technologies: EBITDA rose 73%. Margin increased to 30.70% from 21.55% YoY. Bajaj Housing Finance: Q4 results fell short of estimates. Assets Under Management (AUM) rose 25.50% YoY and 5.90% QoQ. Spandana Sphoorty Financial: Managing Director Shalabh Saxena has resigned. Syngene International: Q4 revenue missed estimates. The company gave a mid single-digit growth guidance for FY26. Rallis India: Revenue declined by 1.40%. The company posted an EBITDA loss of ₹20 crore compared to an EBITDA of ₹6 crore in the same period last year. Supreme Petrochem: EBITDA fell 17.40%. Margin declined to 9.40% from 11.20% YoY. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Mint
24-04-2025
- Business
- Mint
Stocks to watch: HUL, Nestle, Axis Bank, Tata Consumer, BPCL, Adani Green among shares in focus today
Shares of HUL, Axis Bank, Tech Mahindra, Nestle, and SBI Life are expected to attract attention as these companies will release their fourth-quarter results today. Tata Consumer Products announced a 59% increase in its Q4FY25 consolidated net profit, reaching ₹ 345 crore, compared to ₹ 216 crore in the same quarter last year. IT services firm LTIMindtree reported a 2% year-on-year (YoY) increase in its consolidated net profit, reaching ₹ 1,129 crore in the fourth quarter, while its revenue from operations grew by 10% YoY to ₹ 9,772 crore. Bajaj Housing Finance announced a net profit of ₹ 587 crore for the fourth quarter, marking a 54% increase compared to ₹ 381 crore in the same quarter last year. Vedanta Resources, the parent company of Vedanta, is exploring the possibility of a US public listing for its Zambian subsidiary, Konkola Copper Mines, as one of the ways to raise approximately $1 billion for mine development. BPCL has formed a joint venture (JV) with GPS Renewables to set up compressed biogas (CBG) plants throughout India. This partnership represents a major move in supporting India's energy transition and helps BPCL work towards its net-zero objectives. Niva Bupa Health Insurance announced that the IRDAI has approved the reappointment of Krishnan Ramachandran as the CEO & Managing Director of the company for a five-year term. A subsidiary of Adani Green has signed a power purchase agreement with Uttar Pradesh Power Corporation to provide 1,250 MW of energy storage capacity through pumped hydro storage projects. Shalabh Saxena has stepped down from his role as Managing Director and Chief Executive Officer of the company, effective April 23. The Board has approved the appointment of Ashish Kumar Damani as the Interim Chief Executive Officer, also effective April 23. Damani currently serves as the company's President and Chief Financial Officer. The Board has given its approval to raise up to ₹ 4,500 crore through the issuance of equity shares, non-convertible debentures with warrants, via methods such as qualified institutional placements, rights issues, preferential allotments, or private placements, in one or more tranches. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 24 Apr 2025, 07:41 AM IST
