Shares of Axiscades Technologies Limited soared nearly 10% in early trading on Tuesday following the company’s impressive Q1 earnings report. The technology and engineering solutions provider announced a significant 183% increase in net profit, which surged to Rs 17 crore for the June quarter, compared to Rs 6 crore in the same period last year.
Financial Highlights
For the quarter ended June…
The initial public offering (IPO) of Unicommerce eSolutions is set to open for bidding today, August 6, and will remain available until Thursday, August 8. The SaaS company, which specializes in managing e-commerce operations, is offering shares in a price range of Rs 102-108 per share. Investors can subscribe for a minimum of 138 equity shares and in multiples thereafter.
IPO Details and Offer…
On August 1, Zomato announced the launch of a new app named ‘District,’ designed to expand beyond its traditional food delivery services into a broader spectrum of lifestyle and entertainment offerings. This ambitious move aims to consolidate various “going-out” activities, including dining, movie and sports ticketing, live performances, shopping, and staycations, into a single…
Walmart-owned e-commerce giant Flipkart has officially launched its rapid delivery service, ‘Minutes,’ in Bengaluru, aiming to revolutionize quick commerce in India. The service, which promises deliveries within 10 to 15 minutes, is now operational in key areas such as HSR Layout, Gunjur, Bellandur, and Kadubeesanahalli.
This new offering positions Flipkart directly in competition with…
Independent directors at Power Finance Corporation Ltd. (PFC) have raised significant concerns about a recent loan approval to the Shapoorji Pallonji Group (SP Group). The loan, amounting to approximately ₹20,000 crores, has prompted scrutiny due to its allocation and collateral details. The issues are expected to be discussed in a board meeting scheduled for August 6, according to sources…
Swiggy Instamart, the quick commerce arm of the popular food delivery platform Swiggy, has announced the appointment of Sairam Krishnamurthy as its new Chief Operating Officer (COO). This strategic move comes as Swiggy prepares for its upcoming Initial Public Offering (IPO) and aims to enhance its operations and expansion efforts.
New Role and ResponsibilitiesIn his role as senior vice-president…
Maruti Suzuki, India’s largest automaker, is poised to launch its first electric vehicle (EV) within the current fiscal year. The company’s strategic move reflects its commitment to embracing new automotive technologies and expanding its eco-friendly offerings. In addition to the anticipated EV, Maruti Suzuki will continue to focus on promoting various alternative technologies, including…
Indian benchmark indices faced a sharp decline on Friday, influenced by weak global economic data and growing recession concerns. The BSE Sensex dropped by 885.60 points, or 1.08%, closing at 80,981.95. The NSE’s Nifty50 fell by 293.20 points, or 1.17%, ending the day at 24,717.70.
As the market braces for Monday’s trading session, key stocks are expected to be in focus:
Infosys: The IT giant…
Vodafone Idea (Vi) has expressed dissatisfaction with its competitors, Airtel and Reliance Jio, for providing what it claims is “unlimited” 5G data access to customers without additional charges. This complaint has been formally lodged with the Telecom Regulatory Authority of India (TRAI), accusing the rival telcos of engaging in predatory pricing practices.
Vi’s Concerns
According to The…
The recent security breach at WazirX, which led to the theft of over $230 million, has sparked a broader conversation within the crypto industry about the necessity of protecting customers’ assets. As a response, other cryptocurrency exchanges are exploring measures to secure wallets and provide reparations to affected clients. However, experts argue that traditional insurance solutions for…
