Informist Media

West Bengal Chief Minister #MamataBanerjee Thursday rejected the exit polls that are predicting a victory for the Bharatiya Janata Party in the state and asked workers of her party, the All India Trinamool Congress, to be alert on counting day Monday and prevent any "switching" of her party's final vote tally with that of the BJP by officials of the Election Commission of India. #StateVote #vote Details Here: informistmedia.com/MoneyWire/4957…

#SonaBLW Precision Forgings Ltd. flagged inflation as a key headwind, warning that sustained increases in commodity prices--particularly steel, aluminium, and copper over the past five months--along with higher trade, packaging, and energy costs, could push the automobile industry toward a breaking point. Details Here: informistmedia.com/EquityWire/495…

A 6% on-year underlying volume growth, stable demand trends, and price hikes led #HindustanUnilever Ltd. to report its highest revenue growth in the past 12 quarters in the March quarter. However, it lagged Street's estimates. Details Here: informistmedia.com/EquityWire/495…

India's largest pure-play consumer goods company, #HindustanUnilever Ltd., is set to further rationalise costs to prevent steep price increases to protect the slowly reviving demand that had remained dented for nearly a year and a half. Details Here: informistmedia.com/EquityWire/495…

#Cholamandalam Investment and Finance Co. Ltd.'s net profit for the March quarter grew at its quickest year-on-year pace in seven quarters to beat analysts' estimate. The lender's bottom line beat the Street view even after carving out additional provisions of INR 2 billion in the reporting quarter as a management overlay to deal with geopolitical risks to its loan portfolio. Details Here: informistmedia.com/EquityWire/495…

India's services #trade surplus widened to $21.00 billion in March from $17.84 billion in February, according to data released by the Reserve Bank of India Thursday. Services exports rose 7.2% on year to $38.21 billion in March, while imports fell 1.6% on year to $17.21 billion. Details Here: informistmedia.com/MoneyWire/4953…

#AdaniEnterprises Ltd. posted a net loss for the March quarter as its overall expenses jumped on year, led primarily by a rise in raw material costs, and a fall in revenue from its integrated resources management segment, a major revenue earner. The company recorded a consolidated net loss of INR 2.21 billion for the March quarter, against a net profit of INR 38.45 million in the year-ago quarter. #EarningsReview Details Here: informistmedia.com/EquityWire/495…

#SonaBLW Precision Forgings Ltd. Thursday reported a rise in revenue and net profit for the March quarter, beating the Street's view on both. While revenue for the quarter jumped 47% on year, the automobile components manufacturer's net profit grew only 17?cause of a hit to its margins. #EarningsReview Details Here: informistmedia.com/EquityWire/495…

#BajajFinserv Ltd.'s consolidated net profit rose 5% on year owing to a steady rise in revenue from operations and a sharp fall in insurance and investment liabilities. A rise in claims paid during the quarter, however, limited the bottom line's rise. #EarningsReview Details Here: informistmedia.com/EquityWire/495…

#HindustanUnilever Ltd. Thursday said its premium #skincare brand #Minimalist, which it bought from Uprising Science Pvt. Ltd. last year, will be part of its underlying sales growth calculations from the June quarter. "Minimalist is not in our underlying sales growth (for the March quarter), but it is in our revenue growth," Chief Executive Officer Priya Nair told reporters in a post-earnings briefing Thursday. Details Here: informistmedia.com/MoneyWire/4951…

India's current account deficit is expected to average around 1.5% of #GDP over the next five years, with some improvement in the quality of trade deficit and reduced risks from external shocks, Morgan Stanley said in a report. In the medium term, energy diversification and de-risking of the supply chain should support a more stable, potentially narrower current account deficit, the report said. Details Here: informistmedia.com/MoneyWire/4951…

#MotilalOswal Financial Services Ltd. plans to launch a commercial real estate credit fund in 2026-27 (Apr-Mar), the company's management told analysts in a post-earnings conference call Thursday. "...the forthcoming launch of our commercial credit fund will be offering a more comprehensive range of products in the alternates business, which is only seeing higher allocations both from the family offices as well as institutions," the management said. Details Here: informistmedia.com/EquityWire/495…

The #Bombay #HighCourt has rejected Delta Corp Ltd.'s plea seeking a licence to install electronic amusement games or slot machines at its The Deltin Hotel in Daman. The court rejected Delta Corp's argument that the Goa Public Gambling (Amendment) Act, 1992, which allowed for electronic amusement at five-star hotels, was applicable to Daman and Diu. The use of electronic amusement or slot machines remained strictly prohibited and its operation would be an offence in Daman and Diu, said the court. Goa, Daman, and Diu were earlier a single union territory of India from 1961 until 1987. Details Here: informistmedia.com/EquityWire/494…

#AdaniPorts and Special Economic Zone Ltd.'s consolidated net profit rose more than 10% on year, in line with analysts' estimates for the March quarter. However, net profit growth was the slowest over the past two quarters. Revenue growth comfortably beat Street estimates, helping offset the impact of a sharp rise in expenses. #Earnings #EarningsReview Details Here: informistmedia.com/EquityWire/495…

India's rated #financecompanies have solid defences that could still come under stress amid the ongoing West Asia war, S&P Ratings said Thursday. Pockets of stress are likely to emerge in unsecured segments, particularly among self-employed borrowers and micro and small enterprises, with potential spillovers into vehicle loans and affordable housing, it said.  #finance Details Here: informistmedia.com/MoneyWire/4950…

#AdaniPorts and Special Economic Zone Ltd.’s consolidated net profit for Jan-Mar rose to INR 33.29 bln from INR 30.14 bln in the year ago period and was in line with analysts’ estimates. The company’s revenue rose to INR 107.38 bln from INR 84.88 bln year ago, and was higher than the estimate of INR 98.46 bln. Details Here: informistmedia.com/EquityWire/494…

#Mphasis Ltd. reported a double-digit sequential rise in its consolidated net profit for the March quarter, the first in 24 quarters, driven by healthy sales growth, steady ramp-up in recent large deals and gains in strategic accounts. Its consolidated revenue for the quarter grew at its fastest pace in more than four years on a sequential basis, led by improvement in the banking and financial services, and insurance verticals and higher sales across the Americas and Europe, Middle East, and Africa regions. Details Here: informistmedia.com/EquityWire/494…