Finance Minister Nirmala Sitharaman, speaking at the 11th SBI Banking and Economics Conclave 2024, highlighted the challenges posed by high borrowing costs. She urged banks to make interest rates more affordable to enable industries to scale up and build capacities. Currently, the Reserve Bank of India’s (RBI) repo rate stands at 6.50 percent and has…
Waaree Energies Limited Q2 and H1 FY25 Financial Highlights Strong Q2 FY25 Performance:Waaree Energies Limited delivered robust financial results in the second quarter of FY25: Profit After Tax (PAT): The company achieved a 17.35% year-over-year (YoY) growth in PAT, reaching ₹3,756.59 million in Q2 FY25, compared to ₹3,201.21 million in Q2 FY24. EBITDA Growth: EBITDA…
PG Electroplast Partners with Spiro Mobility for Exclusive EV Manufacturing in India Key Responsibilities in the Partnership PG Technoplast Pvt. Ltd.: A subsidiary of PG Electroplast, PG Technoplast will establish and manage manufacturing facilities for electric vehicles, lithium-ion batteries, and related components. They will also oversee procurement of parts and raw materials as per Spiro…
The broking industry is facing significant challenges due to recent regulatory changes, particularly impacting discount brokers. Key changes include: Restrictions on Utilizing Traders’ Funds:Previously, brokers could retain traders’ unused funds in their accounts and earn interest on them. However, new regulations require brokers to transfer these funds back to traders’ bank accounts, cutting off a…
NSE:MGLL:Rs.1,128.35(-14.04%) and NE:IGL:Rs.325.30(-9.84%) at 18-Nov-2024 at 3.30 pm Today, shares of IGL and MGL experienced a significant crash. These two companies, which are city gas distributors operating in Gujarat and Maharashtra, were severely impacted by recent GAIL & ONGC decision. GAIL, which had been supplying gas to these companies at lower prices, reduced Administered Price Mechanism…