SSPL Securities Private Limited

Friday 13 Jun, 2025 09:54 AM

Sasken Tech joins hands with Microsoft to drive next-gen smart devices innovation SG Mart forays into renewable energy sector with launch of APL Apollo SunSteel Maithan Alloys acquires minority stake in GAIL (India) for Rs 12 cr Kay Cee Energy & Infra hits the roof on securing Rs 28 cr transmission order from RVPN C.E. Info Systems Ltd leads losers in 'A' group C E Info Systems slumps after block deal Ashoka Buildcon tumbles as GST notice triggers search & seizure operation Cinevista Ltd leads losers in 'B' group Happiest Minds appoints Anand Balakrishnan as chief financial officer Crisil Ratings reaffirms ratings of Ratnamani Metals at 'AA/A1+' with 'stable' outlook Volumes spurt at RHI Magnesita India Ltd counter NTPC's North Karanpura project completes trial operations of unit-3 Dr Reddys Laboratories Ltd up for third consecutive session Ipca Laboratories Ltd soars 1.25%, Gains for third straight session Oil & Natural Gas Corpn Ltd spurts 0.72%, rises for fifth straight session

Saravan Stocks

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IFCI surges on receiving approval for merger of group companies

25-Nov-24 15:28 Hrs IST

The Department of Financial Services (DFS), Ministry of Finance, has accorded in-principle approval to consider 'consolidation of IFCI group' which entails merger/amalgamation of IFCI and StockHolding Corporation of India, IFCI Factors, VFCI Infrastructure Development, and IIDL Realtors with IFC.

IFCI is engaged to provide financial support for the diversified growth of Industries across the spectrum. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries.

The company's consolidated net profit declined 14.1% to Rs 82.62 crore in Q2 FY25 over Q2 FY24. Total income rose 28.4% YoY to Rs 785.80 crore during the period under review.

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