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About Peter
Peter Noronha is a journalist based in Goa Velha, India.
Portfolio

HDFC Bank Shares Touch 52-Week High On Jump In Q2 Net Profit

14 Oct 2023  |  NDTV Profit
HDFC Bank shares surged over 2% to reach a 52-week high on the BSE following a 17.58% increase in net profit for the July-September quarter, amounting to Rs 8,834.3 crore. The bank's gross non-performing asset ratio improved to 1.35% from 1.47% in the previous quarter. Net interest income grew by 12.1% to Rs 17,684.4 crore, driven by a 15.5% growth in advances and a core net interest margin of 4.1%. However, the shares later flattened due to profit-booking.

Tata Motors Zooms 19% On TPG's Investment In Electric Vehicles Subsidiary

10 Oct 2023  |  NDTV Profit
Tata Motors' shares surged 19% to a new 52-week high following the announcement of a Rs 7,500 crore investment by TPG Group in its electric vehicle subsidiary, TML EVCo. The investment will be completed by the end of 2022, with the first round by March 22. Tata Motors plans to develop a portfolio of 10 EVs over the next five years and, in collaboration with Tata Power, will establish a widespread charging infrastructure in India. The company's shares have risen significantly, driven by robust global wholesale numbers and a record order book for Jaguar Land Rover.

Hindustan Unilever Gains Nearly 2% Ahead Of Q2 Results

10 Oct 2023  |  NDTV Profit
Hindustan Unilever shares rose nearly 2% in anticipation of its Q2 results. The company had previously reported a net profit of Rs 2,061 crore in Q1, a 9.5% increase from the same period last year. Revenues for the June quarter were Rs 11,915 crore, up 12.83% year-on-year.

Reliance Industries Hits Life-Time High On Clean Energy Acquisitions

08 Oct 2023  |  NDTV Profit
Reliance Industries' shares reached a record high following the acquisition of significant stakes in Sterling and Wilson and REC Solar Holdings through its subsidiary, Reliance New Energy Solar. The acquisitions are part of a broader $10 billion investment in clean energy announced by Mukesh Ambani. The market responded positively, with Reliance shares trading higher and the Sensex and NSE Nifty reaching new highs.

Big Telecom Reform: 100% FDI Through Automatic Route Cleared By Cabinet

04 Oct 2023  |  NDTV Profit
The Indian Cabinet has approved 100% Foreign Direct Investment (FDI) in the telecom sector through the automatic route, excluding investors from countries like China and Pakistan. This reform aims to ease investment processes and provide relief to telecom operators like Vodafone Idea and Airtel by introducing a four-year moratorium on pending AGR dues and redefining AGR to exclude non-telecom revenues. The spectrum auction is scheduled for the last quarter of the financial year, with spectrum duration extended from 20 to 30 years. These measures are aligned with Supreme Court guidelines and aim to boost the telecom sector while considering government revenues.

Titan Enters Rs 2 Trillion Club As Stock Touches All-Time Highs

04 Oct 2023  |  NDTV Profit
Titan's market capitalisation surpassed Rs 2 trillion as its shares hit a record high of Rs 2,361 on the BSE, driven by a significant demand recovery in the September quarter. The company's sales were boosted by easing COVID-19 restrictions, the upcoming festival season, and interest in digital gold. Titan is the second Tata group company after TCS to achieve this milestone. The jewellery segment saw a 78% YoY growth, while the watches and wearables division grew by 73% YoY, and the eyewear segment, including Taneira, fragrances, and accessories, rose by 121% YoY.

Manyavar-Owner Vedant Fashions Files IPO Papers

01 Oct 2023  |  NDTV Profit
Vedant Fashions, owner of the Manyavar brand, has filed for an IPO with the Securities and Exchange Board of India. The IPO will be an offer for sale of up to 36.36 million shares by the promoter and shareholders, including Rhine Holdings, Kedaara Capital AIF I, and Ravi Modi Family Trust. Vedant Fashions will not receive any proceeds from the offering. The company, led by Ravi Modi and Shilpi Modi, also owns brands like Twamev, Manthan, Mohey, and Mebaz.

Be a company desired by the best talents

01 Oct 2023  |  Tribuna Online | Seu portal de Notícias
Attracting and retaining talented professionals is increasingly challenging for companies of all sizes. According to a report by Great Place to Work, empathy and humanized management are highly valued in leadership roles. McKinsey's report highlights that 39% of workers plan to leave their jobs within the next three to six months. Effective leadership involves engaging employees, aligning organizational and individual purposes, and fostering trust through respect, camaraderie, credibility, pride, and impartiality. Creating a motivating and safe work environment is crucial for talent retention and business growth.

Maruti Suzuki Recalls Over 1.81 Lakh Cars To Check For Potential Defects

01 Oct 2023  |  NDTV Profit
Maruti Suzuki is recalling 181,754 petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross, and XL6 manufactured between May 4 and October 27, 2020, to inspect and replace potentially faulty Motor Generator Units. The recall is a voluntary safety measure, and affected vehicle owners will be contacted by authorized workshops for free inspection and replacement. Customers are advised to avoid driving in water-logged areas and can check their vehicle's status online.

Radiant Cash Management Services Files IPO Papers

01 Oct 2023  |  NDTV Profit
Radiant Cash Management Services, backed by Ascent Capital, has filed for an IPO with Sebi, including a fresh issue of shares worth Rs 60 crore and an offer for sale of up to 30.13 million shares by existing promoters and shareholders. Founded in 2005 by Colonel David Devasahayam in Chennai, the company is a major player in India's retail cash management segment, operating in five verticals including cash pick-up and delivery, network currency management, and cash processing.
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