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Northern Arc Capital Q4 profit jumps nearly 3-fold to Rs 139 cr
The NBFC firm had earned a net profit of Rs 47 crore in the same quarter a year ago.The total income rose to Rs 735 crore in the January-March period of the 2025-26 financial year from Rs 593 crore in the year-ago period, Northern Arc Capital said in a regulatory filing.
Adani, Arcelor among firms setting up treasury operations in GIFT City, sources say
Major firms like Adani, Bharti Airtel, Genpact, and ZF Friedrichshafen are setting up treasury operations in India's GIFT City. This tax-neutral finance zone offers cheaper funding and lower taxes on remitting dividends. Seventeen corporate treasuries are expected to begin operations in the next three months. This move aims to rival financial hubs like Singapore and Dubai, attracting global capital management.
Vedanta Q4 Results: Cons profit zooms 92% YoY to Rs 6,698 crore, revenue jumps 47%
Vedanta Q4 Results: Vedanta announced a significant financial performance for the March quarter. The company's net profit soared by 92% year-on-year to Rs 6,698 crore. Total revenues also saw a substantial increase of 47% year-on-year. Vedanta achieved its best-ever EBITDA and a record Return on Capital Employed. The net debt to EBITDA ratio improved considerably, marking a 14-quarter high.
M2P Fintech brings in CFO Vivek Seshadri as IPO groundwork begins
The company was last valued at over $750 million in 2024 after raising nearly $100 million from Helios. In total, it has secured more than $200 million from investors including Tiger Global, Better Capital and MUFG Innovation Partners, the venture arm of Mitsubishi UFJ Financial Group.
Vodafone Idea shares jump 5% as JSW, ST Telemedia eye stake in the telco
Vodafone Idea shares rose ahrply on Monday after ET reported that JSW Group and ST Telemedia are exploring a potential stake in the telecom operator. The discussions are exploratory, following government-backed financial relief, as Vi seeks strategic investors to strengthen capital and reduce spectrum liabilities.
JSW, ST Telemedia among firms eyeing stake in Vodafone Idea
Vodafone Idea is actively engaging with various investors, notably ST Telemedia and JSW Group, to explore a potential equity partnership. Following a recent financial boost from the Indian government, the company is eager to attract strategic backers who can provide much-needed capital for its ambitious 5G rollout.
Bajaj Finserv all set to launch $1-billion alts investment platform
Bajaj Finserv's alternative investment arm plans to raise up to $1 billion across private equity, liquid alternatives, listed equity, and real estate. The platform aims to expand beyond traditional financial services, with capital deployment expected to begin next fiscal year. The firm is building a 40-member team and seeks to deliver consistent outperformance in its strategies.
Lodha drops 4%, Oberoi Realty slips 3% as BMC shuts water supply to construction sites across Mumbai
The move comes as the delayed arrival of the southwest monsoon has intensified concerns over water availability in India's financial capital
Stocks to Watch Today: Hindustan Aeronautics, JSW Cement, Affle, Lupin, Greenlam, Greenply, Tata Motors, Natco Pharma, Reva Diamonds in focus on 4 March
Stocks to Watch, 4 March: Stocks like Hindustan Aeronautics, Dabur India, JSW Cement, Affle 3i, Lupin, HDB Financial Services, Mahindra and Mahindra, Greenlam Indusries, Reva Diamonds, Greenply Industries, Cipla, Capri Global Capital, Tata Motors, and Shalby will be in focus on March 4./