Stocks In News :- CCD

 

Dolly  Khanna held 32.78 lakh shares(1.55%) stake in the parent company of Café Coffee Day, as per BSE data.
The recent rise in the share price was due to  Chennai-bench of National Company Law Appellate Tribunal (NCLAT) in March dismissed the bankruptcy plea against the company by IDBI Trusteeship involving a Rs 228 cr default.

Stocks in News - HFCL (Expansion)

 

The Board has approved the enhancement of Intermittent Bonded Ribbon (IBR) cable manufacturing capacity from 1.73 million fibre kilometres per annum (mfkm/pa) to 19.01 mfkm/pa at its existing facilities in Hyderabad and Goa, with a total capital outlay of Rs 125.55 crore. This expansion aims to meet the rising global demand, particularly from North America and Europe.

Stocks In News :- Kotak Mahindra Bank

 

The Reserve Bank of India lifted restrictions on Kotak Mahindra Bank, allowing the Bank to onboard new customers through its online and mobile banking channels, and issue fresh credit cards. The RBI had placed restrictions on Kotak Mahindra Bank on 24-April 2024.

Nykaa Q3 Earning

 

FSN E-Commerce Ventures, the parent company of beauty and fashion brand Nykaa, reported a 51 percent year-on-year (Y-o-Y) increase in its net profit to Rs 26.4 cr  December 31 (Q3 FY25), V/s to Rs 17.5 cr   the Y-o-Y.

The company had posted a profit of Rs 13 cr.

Nykaa’s consolidated revenue from operations grew 27% Y-o-Y to Rs 2,267 cr, up from Rs 1,789 cr a Y-o-Y and Rs 1,875 cr in Q2 FY25.  

Stocks In News - Capex (Vodafone Idea)

 

Vodafone Idea share announced a robust capital expenditure plan of Rs 50,000-55,000 cr over the next three years, aimed at bolstering its 4G and 5G network capacity and coverage.

In an investor presentation, the company said that it had already spent over Rs 2,000 cr on capital expenditure in the first half of FY25, resulting in a 14% increase in its 4G data capacity.

The 4G population coverage also grew significantly, adding 22 million new users during the period.

The ambitious capex plan has renewed investor confidence in the company’s ability to remain competitive in the telecom space, despite its financial challenges.

The fundraise, Birla said, enabled the company to kick start its capex cycle. Vodafone Idea has already announced the first phase of capex deals worth $3.6 billion with three global partners- Nokia, Ericsson and Samsung.