Author: Market News Desk

South Indian Bank reported a 12% YoY growth in net profit for Q3FY25, reaching ₹341.87 crore. The bank’s total income rose 6.88% to ₹2,818 crore, but the market showed mixed reactions due to a slight decline in share prices and concerns over sequential flat income growth. South Indian Bank, a prominent private-sector bank in India headquartered in Kerala, reported a 12% year-over-year (YoY) increase in net profit for the third quarter of FY25, reaching ₹341.87 crore. This marks a rise from ₹305.36 crore in the same period last year. The bank’s total income for the quarter stood at ₹2,818 crore,…

The Indian stock market saw a significant drop on January 21, 2025, with Sensex and Nifty losing over 1%. Apollo Hospitals, Tata Consumer, and JSW Steel were among the gainers, while Trent and Adani Ports saw substantial losses. The Indian stock market witnessed significant volatility on January 21, 2025, with the Sensex and Nifty both closing in the red. The Sensex fell 1.6%, losing 1,235.08 points to settle at 77,073.44, while the Nifty dropped by 1.37%, closing at 23,344.75. This decline reflected broader market weakness amid growing concerns over political uncertainties and a dip in investor sentiment. The Nifty index…

France’s first syndicated bond sale in eight months, amid political challenges, received overwhelming investor interest. The bond maturing in 2042 saw orders surpass €100 billion ($104 billion), indicating strong demand despite the country’s political instability. France’s first syndicated bond sale in nearly eight months was met with overwhelming investor interest, signaling confidence despite ongoing political challenges. The new government, led by President Emmanuel Macron, is facing difficulties in securing enough support for the country’s budget. The bond sale, which saw orders surge past €100 billion ($104 billion), will issue a note maturing in 2042, with pricing set at eight basis…

Shraddha Prime Projects Ltd has announced the record date for its bonus share issue. The record date is set for January 24, 2025, with a bonus issue in a 1:1 ratio for eligible shareholders. This move aims to enhance shareholder value and market presence. Shraddha Prime Projects Ltd, formerly known as Towa Sokki Limited, has announced the record date for its upcoming bonus share issue. The company, based in Mumbai, Maharashtra, operates in the construction sector, focusing on delivering value through its real estate and development projects. As per the latest notification, Shraddha Prime Projects Ltd has fixed January 24,…

AGI Infra Ltd, a leading real estate developer based in Jalandhar, Punjab, has announced the subdivision of its equity shares from Rs. 10 to Rs. 5 each. The record date for the split is set for February 7, 2025. AGI Infra Limited, a leading builder and developer based in Jalandhar, Punjab, has announced that the Board of Directors has approved the subdivision (or split) of the company’s equity shares. In a meeting held today, it was decided that the company would split its existing equity shares of Rs. 10 each into two equity shares with a face value of Rs.…

Indraprastha Gas Ltd announces the record date for the allotment of bonus shares in a 1:1 ratio, effective January 31, 2025, with the deemed allotment date on February 3, 2025. Indraprastha Gas Limited (IGL), a joint venture of GAIL, BPCL, and the Government of National Capital Territory (NCT) Delhi, has announced the record date for the allotment of bonus shares. The company has confirmed that Friday, January 31, 2025, will be the “Record Date” to determine the eligibility of shareholders for the issuance of these bonus shares. Indraprastha Gas Ltd (Security Code: 532514, Trading Symbol: IGL) is a leading player…

UCO Bank reported a 27% increase in net profit for Q3FY25, driven by higher interest income and improved asset quality. The bank also saw significant growth in its total business and advances. UCO Bank, one of India’s leading public sector banks, has announced its results for the third quarter of FY25, reporting a strong 27% rise in net profit to ₹639 crore. The bank’s robust performance was driven by higher interest income and improved asset quality. The bank’s Net Interest Income (NII) increased by 19.6% year-on-year (YoY) to ₹2,377 crore, compared to ₹1,988 crore in the same quarter last year.…

Laxmi Dental Ltd’s equity shares were listed on the exchange on January 20, 2025. The company operates in the dental healthcare sector and its shares are now available for trading under the scrip code 544339. On January 20, 2025, Laxmi Dental Ltd, a company specializing in dental healthcare products and services, announced the listing of its equity shares on the stock exchange. The company’s shares have been admitted for trading in the “B” Group of securities under the scrip code 544339. Laxmi Dental Ltd, which provides a wide range of dental care solutions, has made its shares available to the…

Blue Cloud Softech Solutions Ltd and Nava Ltd, two Indian companies, announced stock splits from ₹2 to ₹1 face value per share on January 20, 2025. Two Indian companies, Blue Cloud Softech Solutions Ltd and Nava Ltd, have announced stock splits, reducing the face value of their shares from ₹2 to ₹1. Both companies confirmed this corporate action on January 20, 2025. Blue Cloud Softech Solutions Ltd, a technology solutions provider known for delivering IT services and software solutions, is making this move as part of its strategy to increase liquidity in the stock market. By reducing the nominal value…

FPIs continue their selling streak in Indian markets, withdrawing ₹50,912 crore in January. Concerns over economic slowdown and corporate earnings weigh on investor sentiment. Foreign Portfolio Investors (FPIs) have extended their selling streak in the Indian stock market to a 12th consecutive session, marking a continuation of the outflow trend that began in 2024. In January alone, FPIs have withdrawn ₹50,912 crore from Indian equities, highlighting concerns over India’s economic outlook and corporate earnings performance. On January 21, 2025, FPIs offloaded equities worth ₹4,336 crore, further intensifying the downward pressure on Indian markets. As of now, FPIs have remained net…