News - The Purbottar

09 Aug

LIC Q1 results: Net profit increment 9% to ₹10,544 crore, VNB margin up 20 bps to 13.9%

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LIC Q1 results: Life Insurance Corporation of India (LIC) on Thursday, August 8 announced its April-June quarter results for the financial year 2024-25 (Q1FY25) with a nine percent rise in consolidated net profit to ₹ An increase of Rs 10,544 crore was recorded. Total income of India's largest insurer rose to ₹2,10,910 crore during the latest June quarter, compared to ₹1,88,749 crore in the year-ago period.The life insurance giant's first-year premium rose to ₹7,470 crore in the June quarter, compared to ₹6,811 crore in the year-ago period. LIC earned ₹56,429 crore from renewal premium, compared to ₹53,638 crore a year…

08 Aug

Dalljiet Kaur reveals her matching tattoos with estranged husband Nikhil Patel; Writes, “Take 2 was an opportunity that I gave myself, to call someone my husband.”

editorEntertainment, News

Daljeet Kaur is going through a very difficult phase of her life. She has accused her NRI husband Nikhil Patel of cheating and filed a case against him. While the actress suffers from her difficult marriage, Kaur keeps sharing cryptic tweets and wedding photos on social media. This time, the Iss Pyaar Ko Kya Naam Doon star shared a video of her and Nikhil's matching 'Take 2' tattoos. On August 7, Dalljiet Kaur posted a video showing off her and her estranged husband's identical tattoos. Taking a closer look, the actress also flaunted the tattoo while getting her mehendi applied…

07 Aug

Veg thali prices rose 11% in July: Crisil

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This was mainly due to the impact of high temperatures on the summer crop in major states like Karnataka and Andhra Pradesh.Chris MI&A Research said prices of representative home-cooked vegetarian and non-vegetarian thalis increased by 11 per cent and 6 per cent, respectively, on a month-on-month basis in July 2024.Crisil said 7 per cent of the 11 per cent increase in the price of vegetarian thali could be attributed only to tomato prices, which have increased by 55 per cent from Rs 42 per kg in June to Rs 66 per kg in July. , this was mainly due to…

06 Aug

Bharti Airtel Q1 results: Cons PAT flourish 158% YoY to Rs 4,160 crore, ARPU at Rs 211

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Leading telecom company Bharti Airtel on Monday reported a 158% year-on-year rise in its consolidated net profit at Rs 4,160 crore for the first quarter ending June 30, 2024. Profit beat Street calculation by a wide margin.In an ET Now poll, it was estimated that the profit would be around Rs 3,661 crore. Revenue from operations grew 3% year-on-year to Rs 38,506 crore in the period under review, slightly below the poll estimate of Rs 38,523 crore.The company had reported a profit of Rs 1,612 crore and revenue of Rs 37,440 crore in the first quarter of the last financial…

03 Aug

Anurag Kashyap says Bollywood focuses on ‘star power instead of telling real story’, lauds Killed, Missing Ladies

editorEntertainment, News

Anurag Kashyap, who recently attended a college event, praised films like Lapata Ladies, 12th Fail and Kill as unique offerings from Bollywood.Anurag Kashyap, who was recently seen in the Tamil film Maharaja, recently spoke about how the Hindi film industry focuses on star power and said that this is one of the reasons why the southern film industry is performing better than Bollywood. . The filmmaker-actor praised the currently released film Kill and said that Bollywood generally focuses on "star power" rather than "telling a real story".Anurag Kashyap, quoted by The Hindu, praised Fahadh Faasil starrer Awesham and pointed out…

02 Aug

Tata Motors Q1 results: Net profit may inflation 8-12%, margin expansion likely

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Tata Motors Q1 Earnings: MOFSL expects Tata Motors to report consolidated net profit at Rs 4,107.40 crore, up 8.5 percent YoY, and sales at Rs 1,03,355 crore, up 1.1 percent YoY.Emkay Global said Tata Motors' consolidated net profit may rise 12.3 percent year-on-year to Rs 4,740 crore. The revenue of this brokerage is estimated to increase by 2 percent year-on-year to Rs 1,08,073 crore.Tata Motors Ltd is likely to report 8-12 percent year-on-year (YoY) rise in consolidated net profit for the June quarter due to decline in interest costs. We are seeing 1-3 percent YoY growth in sales and 50-60…

01 Aug

Mcap of BSE-listed companies hits all-time upsurge of Rs 462.38 lakh crore

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Reliance Industries, Tata Motors, Infosys, Mahindra & Mahindra, Bajaj Finance and Axis Bank were among the laggards.The market capitalization of BSE-listed companies rose to an all-time high of Rs 462.38 lakh crore on Wednesday, following four days of gains in the benchmark indices.The 30-share BSE Sensex closed 285.94 points or 0.35 percent higher at 81,741.34 - an all-time high.In the last 4 trading sessions, the BSE benchmark increment 408.62 points or 0.50 percent, giving investors rise of over Rs 5.45 lakh crore.Investor wealth rose by Rs 5,45,337.02 crore in the last four days to reach a record high of Rs…

31 Jul

Adani Energy upsurge $1 billion through QIP issue

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The company had fixed the floor price of Rs 1,027 per share, which could allow a maximum discount of 5 per cent on the floor price.Adani Energy Solutions, the power transmission arm of Adani Group, has increased $1 billion (over Rs 8,300 crore) through a Qualified Institutional Placement issue.The issue was oversubscribed 3 times with a demand of about Rs 26,000 crore, the largest transaction in India's energy sector. The QIP issue price closed at Rs 1135 per share as against Rs 976 per share. Global investors including GQG, QIP, ADIA and some new US names participated in the issue.…

30 Jul

Acmes Drugs & Pharma IPO: Pharma company grew by ₹828.78 crore from anchor investors ahead of public offering

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According to the company's filing on the Bombay Stock Exchange (BSE), Ecums Drugs & Pharmaceuticals Ltd said the company has raised about ₹828.78 crore from anchor investors ahead of its initial public offering on Tuesday, July 30.The pharmaceutical manufacturing company on Monday, July 29, allotted 1,22,05,912 or 1.22 crore equity shares to its anchor investors at ₹679 per share, according to exchange filings.These included SBI Healthcare Opportunities Fund, SBI Conservative Hybrid Fund, International Growth and Income Fund, Smallcap World Fund, Abu Dhabi Investment Authority, DSP India Fund, IIFL Asset Management Ltd, BlackRock Emerging Frontiers Master Fund Ltd, BlackRock Global Funds…

29 Jul

Shares of UltraTech Cement rise due to acquisition of India Cements; Check out the deal outline, industry impact, stock price outlook

editorBusiness, News

Share price of UltraTech Cement rose by over one per cent in early trade on Monday after the company announced the acquisition of 32.72% stake in India Cements. Meanwhile, share price of India Cements also rose by about 3% on BSE.Aditya Birla Group-owned UltraTech Cement said its board of directors has approved the acquisition of 32.72% equity stake of promoters and their associates in India Cements at ₹390 per share for ₹3,954 crore. This price is 4.1% higher than the closing price of India Cements shares of ₹374.60 last Friday.In June 2024, UltraTech had made a financial investment in South…