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Business
Karnataka’s Pride Soars: Mysore Sandal Soap Shatters Records with Historic Sales and Production Figures
Bengaluru: In a landmark achievement, Karnataka Soaps and Detergents Limited (KSDL), the manufacturer of the iconic Mysore Sandal Soap, has crossed unprecedented milestones in production and sales for November 2023. The news was shared by Karnataka Minister MB Patil, highlighting the company’s remarkable success without any additional investment, solely driven by improved efficiency. According to the minister’s tweet, KSDL achieved…
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Business
“India’s GDP soars with 7.6% growth: Discover the driving force behind the fastest-growing major economy”
India’s economy experienced a 7.6% growth in the September quarter of this fiscal , largely due to better performance in manufacturing, mining, and services sectors. The GDP expanded by 6.2% in the July-September quarter of 2022-23, making India the fastest-growing major economy. The agriculture sector’s GVA growth decelerated to 1.2% in the September 2023 quarter, while the construction sector saw…
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Business
Tata Technologies’ Phenomenal Debut: Soars 140% in Blockbuster IPO Listing
Tata Technologies, the subsidiary of Tata Motors, made a stellar market debut on Thursday, soaring to a 140% premium over its issue price of ₹500. The stock opened at ₹1,200 on the NSE and ₹1199.95 on the BSE, marking the best listing since November 2021 for an IPO size exceeding ₹500 crore. The ₹3,042.51 crore IPO, the first from the…
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Business
Adani Power Reports Stellar Q2 FY24 Results: Revenue Soars 61%
Consolidated power sale volume at 18.1 Billion Units (BU) in Q2 FY24, up by 65% from 11 BU in Q2 FY23 due to improved power demand and higher operating capacity. Consolidated continuing total revenue for Q2 FY24 higher by 61% at Rs. 12,155 Crore vs Rs. 7,534 Crore in Q2 FY23; mainly due to greater sales volumes. Consolidated continuing EBITDA…
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