Shares of Ircon International slipped 5.5 per cent at Rs 273.95 per share on the BSE in Wednesday’s intraday trade. The crack in the stock price came after the civil construction firm delivered a sluggish quarter four performance for the financial year 2022-23 (Q4FY24).

The engineering and construction firm saw a decline of 3.8 per cent in its consolidated net profit, totaling Rs 246.8 crore for the March quarter, compared to Rs 256.49 crore from the same period last year.

Following a favourable ruling by a division bench of the Delhi High Court, private airline SpiceJet on Wednesday said that it will seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his company, KAL Airways.

In an exchange filing, the airline said, “SpiceJet will seek a refund of Rs 450 crore out of the Rs 730 crore it has previously paid to former promoter Kalanithi Maran and his firm, KAL Airways, following the Delhi High Court’s order on May 17.

Shares of Bharat Heavy Electricals Limited (BHEL) fell as much as 7.58 per cent to hit an intraday low of Rs 295 per share, on Wednesday.

The fall came after the company announced its Q4 results, which missed street expectations.

BHEL’s net profit fell approximately 26 per cent on a year-on-year (Y-o-Y) basis to Rs 489.6 crore in the March quarter of financial year 2024 (Q4FY24), from Rs 658 crore in the same quarter a year ago (Q4FY23).

Indian digital payments firm Paytm’s losses widened to Rs 549.6 crore for the quarter ending on March 31 (Q4) in financial year 2023-24 (FY24), the company reported on Wednesday. During the same period last year, net loss stood at Rs 219.8 crore. The fintech had reported a net loss of Rs 168.4 crore in the last quarter.

Consolidated revenue from operations fell 2.9 per cent year-on-year (Y-o-Y) to Rs 2,267.1 crore, from Rs 2,334.5 crore. Sequentially, revenue dropped 20.5 per cent from Rs 2,850.5 crore.

Mahindra & Mahindra Financial Services on Tuesday said it has appointed Mahesh Rajaraman as Chief Risk Officer (CRO) of the company with effect from August 1, 2024.

In a regulatory filing, Mahindra Finance said Mallika Mittal has tendered her resignation and ceased to be the CRO of the company with effect from May 17.

AstraZeneca aims to grow revenue by about 75% to $80 billion by 2030, it said on Tuesday, boosted by the expected launch of 20 new medicines and through growth in its existing oncology, biopharmaceuticals and rare disease portfolio.

The Anglo-Swedish drugmaker had reported total revenue of $45.81 billion last year and earlier expected to launch at least 15 new medicines between 2023 and 2030.

Realty firm Shriram Properties Ltd has partnered with a landowner to develop a 4-acre housing project in Bengaluru with an estimated revenue potential of more than Rs 250 crore.

In a regulatory filing on Tuesday, the company informed that it has signed a Joint Development Agreement (JDA) for the development of a prime 4-acre land parcel located at Yelahanka in Bengaluru.

Claiming that the BJP has bagged 310 seats after the completion of five phases of the Lok Sabha polls, Union Home Minister Amit Shah on Tuesday urged the people of Odisha to free the state from babu-raj and allow the BJP to form government at the Centre and also in the state.

Addressing an election rally in Sambalpur where the BJP has fielded Union Minister Dharmendra Pradhan, Shah said this time lotus, the party's symbol, will bloom in Odisha.

JSW Cement will invest around Rs 3,000 crore to set up a new cement manufacturing factory in Nagaur district of Rajasthan, said the Sajjan Jindal company on Tuesday.

The investment includes a clinkerisation unit of up to 3.30 million tonnes per annum and a grinding unit of up to 2.50 MTPA, along with an 18 MW waste heat recovery-based power plant, said the company, referring to manufacturing processes.

Navratna Defence PSU Bharat Electronics Ltd (BEL) on Monday announced a jump of almost 30 per cent in its consolidated net profit at Rs 1,797.11 crore for the quarter ending March 31 of the financial year 2023-2024 (Q4FY24). The state-owned company had reported a net profit of Rs 1,382.02 crore in the year-ago period (Q4FY23).

The compnay reported an increase of 32 per cent in revenue from operations to Rs 8,564.08 crore in Q4FY24 from Rs 6,479.12 crore in the same quarter of FY23, according to the regulatory filing.

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