q4 earnings, companies results

Realty firm Arvind SmartSpaces Ltd on Friday reported a 33 per cent decline in its consolidated net profit at Rs 9.3 crore for the quarter ended March 2023.
It had reported a net profit of Rs 13.95 crore in the year-ago period.
The total income fell to Rs 94.37 crore in the fourth quarter of the last fiscal from Rs 163.62 crore in the year-ago period, according to a regulatory filing.
Net profit rose to Rs 25.60 crore in 2022-23 from Rs 25.05 crore.
The total income increased to Rs 263.25 crore last fiscal from Rs 264.42 crore in the preceding fiscal.
On the operational performance, the company's sales bookings grew 33 per cent year-on-year to Rs 802 crore from Rs 601 crore.

construction

ASSL has completed 3.8 million sf of projects, while 14.9 million sf projects are under construction and around 6.6 million sf projects are under pipeline

Arvind SmartSpaces

Industry average among organised real estate currently at 30%

The Board of Directors of approved the allotment of 6.85 million equity share aggregating to about Rs 85 crore to H-CARE 1 and the promoters of ASL at the price of Rs 124/sh

Raises funds from HDFC Capital Affordable Real Estate Fund-1

December quarter results: Analysts expect tepid numbers

The firm's consolidated total revenue dipped 53% to Rs 45 cr

real estate, office market

The company's consolidated total revenue grew by 21.46 per cent to Rs 94.54 crore for Q3 of FY'20, up from Rs 77.83 crore during the same period of the last financial year

realty, real estate, housing

While it has not laid out a strict timeline, ASL could soon join the bandwagon of regional real estate players such as Bengaluru-based Prestige Group, Ozone Group and Purvankara Projects

Real estate, Realty

Titled 'Arvind Elan', the project is spread over a total built-up area of 140,000 sq ft across two acres of land

Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

bonds market, currencies, currency, RBI, yield

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Banks

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

BSE, NSE, Sensex, Nifty, stock markets

Stocks to Watch today, September 22, 2023: Glenmark Pharmaceuticals Board has approved the divestment of a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma for Rs 5,651 crore

Markets, market valuation, stocks, Sensex, Adani Group

The two-wheeler segment accounted for 56 per cent of the EVs sold in 2023, followed by three-wheelers and passenger vehicles

Electric vehicles

The available data does not obviate the significance of the recent performance and resilience of the Indian economy, including in the context of the concomitant global trends

Economic growth, GDP

Crude has soared by about a quarter since mid-June, with Riyadh and Moscow joining hands to curtail exports in a bid to drain inventories and drive a rebound in prices

oil, crude, petroleum, crude oil, oil barrels

The European Central Bank delivered a 10th consecutive hike last week, though signalled that the peak may have been reached

OECD

He emphasised that a multipolar world needs strong and effective multilateral institutions, yet global governance is stuck in time

UN Secretary-General Antonio Guterres

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

India's ambitions for green hydrogen are riding the coat-tails of Chinese equipment, with Beijing's global stranglehold on the green hydrogen business now extending to New Delhi

green energy targets in mind, but is India technology-ready?

green energy

While posing a complex challenge, slums also offer a unique opportunity for morally and economically imperative urban development

Dharavi

As part of the partnership, Infosys will have access to NVIDIA's full-stack gen AI program and will set up a NVIDIA Centre of Excellence

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani (Photo: Infosys)

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani

The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities.

Karnataka Bank

India had a total of 1,580 GCCs with a talent base of 1.66 million as of FY23, according to the latest Nasscom-Zinnov report

Global capability centres go beyond Tier-I cities, chasing cost and talent

Prime Minister Narendra Modi on Friday said the G20 Summit's success has given the nation the confidence to organise such global events and urged those involved in the planning and execution of the summit to document their experiences.
The G20 Summit, under India's presidency, was held here from September 9 to 10.
Addressing those involved in organising of the summit at the event's venue, Bharat Mandapam, Modi also credited ground-level functionaries for the success.
Drawing parallels between the organising of the G20 Summit and the Commonwealth Games, he said the sporting event in the national capital in 2010 got mired into things that brought disrepute to the country and infused a sense of despondency in the governing system.
"On the other hand, the cumulative effect of the G20 Summit has been that of success in showcasing the strength of the country to the world. I am not concerned with the praise in editorials. For me, the real happiness lies in the fact that my country is now 

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

Bike and auto-rickshaw aggregator Rapido has drawn up plans bring on board 200 women drivers over the next three months, the company said on Friday.
Currently, Rapido Auto has engaged 50 female 'captains' hailing from diverse backgrounds in the city for its ride-hailing service, and it aims add more than 200 active captains in the next three months through collaborations with various Coimbatore-based non-governmental organisations, the company said in a release.
Rapido will equip the women captains with essential safety and driving skills through the comprehensive training programme in collaboration with the NGOs. It also plans to launch micro-loans and family health insurance for women auto captains in Coimbatore, the release added.
This initiative would enable women to earn between Rs 800 and Rs 1,000 a day, translating to a monthly income of Rs 25,000 to Rs 30,000, it added.
"Rapido Auto, as a company, is deeply committed to fostering gender empowerment and inclusivity. Our jour

Bike taxi startup Rapido plans to ramp up hiring of women captains

Rapido

The tax notice comes at a time when the company, valued at over $566 million, is already facing heat over the recent move in July by the country's GST Council to impose a 28% indirect tax

Chief Minister Shivraj Singh Chouhan announced this at a public meeting in Indore

Heatmap

Arvind SmartSpaces

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Arvind SmartSpaces hits new high in a weak market, rises 105% in 6 months

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Arvind SmartSpaces raises Rs 85 crore through H-CARE 1

Arvind SmartSpaces raises Rs 85 crore to pursue value accretive projects

Arvind SmartSpaces Q3 net takes 75% hit on Covid-induced disruption

Arvind SmartSpaces reports 118% jump in Q3 PBT at Rs 33.11 crore

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Arvind SmartSpaces forays into Maharashtra with Pune property launch