Times Top News

Times Top News

GMR Airports Infra passenger traffic climbs 9% YoY in Aug

GMR Airports Infra passenger traffic climbs 9% YoY in Aug

by | Sep 14, 2024 | Share Market


Last Updated : Sep 14 2024 | 2:16 PM IST

GMR Airports Infrastructure’s passenger traffic across all GMR Airports increased 9% year on year (YoY) in August 2024, to over 10.6 million passengers.

During the month, domestic traffic grew by 7.4% YoY, while international traffic saw a significant increase of 12.9% YoY.

Delhi Airport handled the highest monthly traffic at around 6.3 million passengers (up 8% YoY). Hyderabad Airport handled monthly passenger traffic of around 2.3 million passengers (up 14% YoY).

Aircraft movements also increased by 8% YoY in August 2024, totaling to 69,786 movements.

GMR Airports is the largest private airport operator in Asia and 2nd largest in the world. GMR Airports, a subsidiary of GMR Airports Infrastructure [formerly known as GMR Infrastructure] (GIL) has Groupe ADP as its strategic partner, which is holding a 49% stake. GMR Airports operates the iconic Delhi Airport, which is the largest and fastest-growing airport in India. It also runs Hyderabad Airport, a pioneering greenfield airport known for several technological innovations. The company also operates Manohar International Airport, Goa (Mopa), which is Indias first destination Airport.

 

The firm reported a consolidated net loss of Rs 337.57 crore in Q1 FY25 as against a net profit of Rs 15.45 crore recorded in Q1 FY24. Revenue from operations increased 19.06% year on year (YoY) to Rs 2,402.20 crore during the June 2024 quarter.

The scrip advanced 2.20% to settle at Rs 96 on Friday, 13 September 2024.

Powered by Capital Market – Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Sep 14 2024 | 1:59 PM IST



Source link

GMR Airports Infra passenger traffic climbs 9% YoY in Aug

Tident incorporates subsidiary in Singapore

by | Sep 14, 2024 | Share Market


Last Updated : Sep 14 2024 | 1:16 PM IST

Trident informed that it has incorporated overseas wholly owned subsidiary named, Trident Group Enterprises Pte. in Singapore.

The company has incorporated Trident Group Enterprises by subscription of 1,000 ordinary shares at face value of $1 aggregating to Rs $1,000. The new entity is engaged in textiles, treasury, investment, financing & other business activities.

The object of incorporation of arm is to diversify and expand the current business operations in global market, explore the future business opportunities and carry out treasury, investment & financing activities.

Trident is one of the largest towel manufacturers of the world, one of the world’s largest agrobased paper manufacturers and one of the largest yarn producers in India. Trident is a vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer.

 

The textile producers consolidated net profit declined 21.1% to Rs 73.73 crore in Q4 FY24 as against Rs 93.40 crore in Q1 FY24. Net sales rose 16.7% YoY to Rs 1,742.71 crore in June 2024 quarter.

Shares of Trident added 0.38% close at Rs 36.65 on Friday, 13 September 2024.

Powered by Capital Market – Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Sep 14 2024 | 1:06 PM IST



Source link

GMR Airports Infra passenger traffic climbs 9% YoY in Aug

Board of Moneyboxx Finance approves allotment of 20.79 lakh shares and 37.37 lakh warrants

by | Sep 14, 2024 | Share Market


Last Updated : Sep 14 2024 | 2:50 PM IST

At meeting held on 13 September 2024

The Board of Moneyboxx Finance at its meeting held on 13 September 2024 has approved the following:

1. Allotment of 20,79,589 equity shares of face value of Rs. 10/- each, at a price of Rs. 302.20/- per equity share (including premium of Rs. 292.20 per equity share), on preferential basis. These shares shall rank
pari-passu with the existing equity shares of the Company.

2. Allotment of 37,37,745 warrants at a price of Rs. 302.20/- convertible at the option of the warrant holder into equal number of equity share of the Company having face value of Rs. 10/- per equity share within a period of 18 months from the date of allotment.

 

Powered by Capital Market – Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Sep 14 2024 | 12:51 PM IST



Source link

Congress fires fresh salvo against Sebi Chairperson Madhabi Puri Buch

Congress fires fresh salvo against Sebi Chairperson Madhabi Puri Buch

by | Sep 14, 2024 | Share Market


Congress leader Pavan Khera claimed that Buch traded securities worth nearly Rs 36.96 crore while she held positions. (Photo: PTI)

2 min read Last Updated : Sep 14 2024 | 12:36 PM IST


The Congress on Saturday continued its attack against Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), accusing her of trading in listed securities while being in a position which offered her access to unpublished price-sensitive information (UPSI). 


Congress leader Pavan Khera claimed that Buch traded securities worth nearly Rs 36.96 crore while she held positions in the market regulator between 2017 and 2023, which he said amounts to a violation of the code of conduct and a conflict of interest. 




 Khera further added that Buch held foreign assets between 2017 and 2021 and questioned if the government was informed about these holdings. 

 


The Congress leader said that Buch held investments in Vanguard Total Stock Market ETF, ARK Innovation ETF, Global X MSCI China Consumer Discretionary ETF, and Invesco China Technology ETF. 


“We are always worried about why money is coming from China. But it is very disturbing that the Sebi chairperson was investing money in Chinese funds,” said Khera. 


However, the opposition did not clarify in which listed securities the Sebi chief traded. 


“Has Madhabi Puri Buch or anyone in her family dealt with companies whose names were leaked in Panama papers or Paradise papers,” questioned Khera adding that the party would make more ‘revelations’. 


The Congress leader also questioned why Mahindra & Mahindra (M&M) paid Madhabi’s husband Dhaval Buch and their consultancy firm Agora Advisory separately. 


The fresh allegations come a day after Madhabi and her husband refuted the allegations by the opposition party in a six-page letter, calling the claims false, malicious, and motivated. 


“It appears that the allegations are being made in instalments, only to keep the pot boiling. If the objective had been to arrive at the truth rather than to malign individuals and institutions with distortions of facts, we wonder why all allegations would not be brought out, in public, at one go. We would then have given all the facts at one go,” the couple said in a response on earlier allegations on Friday. 

First Published: Sep 14 2024 | 12:36 PM IST



Source link

GMR Airports Infra passenger traffic climbs 9% YoY in Aug

Thermax arm bags repeat order of Rs 516 crore

by | Sep 14, 2024 | Share Market


Last Updated : Sep 14 2024 | 12:31 PM IST

Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has received a repeat order worth Rs 516 crore for setting up another 300 MW energy project from an industrial conglomerate in Botswana, Southern Africa.

This order is part of the second phase of a 600 MW project being developed by the major, positioning Thermax as the sole partner for the entire project.

TBWES will supply two 550 TPH CFBC (circulating fluidised bed combustion) boilers and will undertake complete responsibility for designing, engineering, manufacturing, testing, supply, supervision of erection & commissioning, and performance testing.

 

The project will supply power to the national utility grid, addressing the power needs of the region, and strengthening energy security.

Commenting on the project win, MD and CEO Ashish Bhandari said, Winning the second order for the same project is a testament to the trust the customer has placed in our capabilities. With this project in Botswana, we look forward to contributing to the broader energy landscape in Southern Africa, enhancing its power infrastructure, and setting new benchmarks with best-in-class solutions for efficiency and environmental performance.

TBWES provides equipment and solutions for generating steam for process and power through the combustion of various solid, liquid and gaseous fuels, as well as through heat recovery from turbine/engine exhaust and (waste) heat recovery from industrial processes.

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. Thermax has manufacturing facilities in India, Europe and Southeast Asia.

The company had reported consolidated net profit of Rs 115.81 crore in Q1 FY25, registering a growth of 96.68% as against with Rs 58.88 crore posted in Q1 FY24. Revenue from operations stood at Rs 2,184.41 crore during the quarter, grew by 13.01% year on year.

The scrip ended 1.80% higher at Rs 4,727.25 on Friday, 13 September 2024.

Powered by Capital Market – Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Sep 14 2024 | 12:21 PM IST



Source link

GMR Airports Infra passenger traffic climbs 9% YoY in Aug

Harshdeep Hortico wins orders of Rs 86.61 lakh

by | Sep 14, 2024 | Share Market


Last Updated : Sep 14 2024 | 12:04 PM IST

Harshdeep Hortico has received purchase order from MUMBAI INTNL AIRPORT for supply and installation of planters near e-Gates of CSMIA, Mumbai. The order value is Rs. 64.90 lakh inclusive of all taxes.

The company has received another order from Mangaluru International Airport for supply of planters. The value of the order is Rs 21.71 lakh.

Powered by Capital Market – Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Sep 14 2024 | 11:48 AM IST



Source link

About-us

Privacy Policy

Email: hansrajagrawalakola@gmail.com

YouTube
Instagram
WhatsApp