Company Profile

Delhivery has received approval to acquire additional 4.75% equity share capital of Falcon Autotech (an Associate Company of Delhivery) from its promoters and executives at a total consideration of around Rs 52 crore. Post-acquisition, Delhivery will have a total shareholding of 39.33% in Falcon Autotech. The Board of Directors of the Company in its meeting held on November 04, 2023, has approved the same.

Prestige Estates Projects through its wholly owned subsidiary Prestige Exora Business Parks has entered into Securities Subscription agreement and Share Holders agreement with WS Industries (India) and WSI Falcon Infra Projects (formerly known as WS Insulators) for development of IT/IT enabled services/parks in 6.53 acres of immovable property at No.108, Mount Poonamallee Road, Porur, Chennai. The consummation of the agreement is subject to completion of conditions precedent and receipt of all necessary approvals.

State Bank of India (SBI) has reported results for second quarter ended September 30, 2023 (Q2FY24). The Bank has reported 8.03% rise in its net profit at Rs 14330.02 crore for the quarter under review as compared to Rs 13264.52 crore for the same quarter in the previous year. Total income of the Bank increased by 26.41% at Rs 112169.43 crore for Q2FY24 as compared Rs 88733.86 crore for the corresponding quarter previous year. On consolidated basis, the Bank has reported 9.09% rise in its net profit at Rs 16383.18 crore for the second quarter ended September 30, 2023 as compared to Rs 15017.28 crore for the same quarter in the previous year. Total income of the Bank increased by 25.68% at Rs 144256.12 crore for Q2FY24 as compared Rs 114782.48 crore for the corresponding quarter previous year.

Silicon Rental Solutions has secured a significant order of 250 laptops on rent-to-purchase basis, inclusive of essential services from an International Broadcasting Channel. The order is to be executed within 1 year.

Titan Company has reported results for second quarter ended September 30, 2023 (Q2FY24). The company has reported 9.68% rise in its net profit at Rs 940 crore for the quarter under review as compared to Rs 857 crore for the same quarter in the previous year. Total income of the company increased by 34.04% at Rs 11,782 crore for Q2FY24 as compared to Rs 8,790 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 9.70% rise in its net profit at Rs 916 crore for Q2FY24 as compared to Rs 835 crore for the same quarter in the previous year. Total income of the company increased by 37.17% at Rs 12,653 crore for Q2FY24 as compared to Rs 9,224 crore for the corresponding quarter previous year.

The Directorate of Revenue Intelligence (DRI) has conducted a search operation at the headquarters of Havells India, a leading manufacturer of electrical goods and appliances. DRI acts as the lead agency to check smuggling and cases of commercial fraud. The search was conducted over alleged mis-classification in import of Heating Element.

Reliance Industries and its partner bp plc of UK have reverted to oil indexation for pricing the gas they produce from India's largest private-sector operated field in KG basin as they look to tap into the upside from the buoyant oil market. Reliance and bp in a tender have sought bids from buyers for 4 million standard cubic meters per day of gas from KG-D6 block in Bay of Bengal starting December 1, 2023.

Silicon Rental Solutions has secured a significant order of 250 laptops on rent-to-purchase basis, inclusive of essential services from an International Broadcasting Channel. The order is to be executed within 1 year.

Silicon Rental Solutions is the leading provider of IT products on a rental basis in India. It provides laptops, desktops, printers, servers, networking gear and other peripherals like CCTV cameras, projectors, storage devices etc on rent to small and large scale businesses.