31, March, 2025
# Sign In
  1. Home
  2. Money Times Talk

Money Times Talk

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

March 31, 2025

  • The gap between corporate earnings and wages in India is a growing concern. Recent data shows that corporate profits in India have hit a 15-year high, but wage growth remains sluggish ¹. This disparity raises concerns about rising income inequality and weaker consumer demand.
  • In terms of specific numbers, the profit-to-GDP ratio of Nifty 500 companies jumped from 2.1% in FY23 to 4.8% in FY24, the highest since FY08 ¹. Meanwhile, employment growth was a mere 1.5% in FY24, and wages lagged behind profits, growing by only 13% compared to a 22.3% surge in profits ¹.
  • This trend is not limited to one sector; even in the IT industry, the earnings-equity valuation gap has widened, with the combined net profit of major IT companies like TCS, Infosys, Wipro, and HCL Technologies declining by 1.5% year-on-year in the December quarter ².
  • The growing gap between corporate earnings and wages has significant implications for India's economy, including weaker consumer demand and rising income inequality.
  • BSE LTD: Issue of Bonus equity shares in the ratio 2:1 i.e. 2 (Two) equity shares of ₹ 2/- each for every 1 (One) full paid-up equity share of ₹ 2/- each held by the Shareholders of the Company as on the Record Date.
  • Skip
  • NITCO ; Co. assigned its leasehold rights for a 4,144 sq. meter plot with a factory building in Thane to Manometer (India) LLP for ₹11,00,000 and a non-monetary share of 7,459.2 sq. meters or 25% of the FSI area in a future project, expected to generate around ₹100 crore.
  • Now
  • Skip
  • INTERGLOBE AVIATION; Co. received a ₹944.20 crore penalty order from the Income Tax Department for the assessment year 2021-22.
  • The company claims the order is erroneous and will contest it through legal remedies, stating it has no significant impact on its financials or operations.
  • Now
  • Skip
  • IRM ENERGY: WINS ORDER
  • IRM Energy Limited Secures 5 Year RLNG Supply Agreement with Gujarat State Petroleum Corporation Limited, Strengthening Energy Security and Sustainability
  • Under this agreement, IRM Energy will procure 65,76,000 MMBtu, equivalent to approximately 174.44 MMSCM at 9500 kCal Gross Calorific Value (GCV), ensuring a stable and cost effective energy supply for its customers.
  • Copied from stockaajorkal telegram channel
  • This agreement marks a significant milestone in IRM Energy’s expansion strategy, enhancing its sourcing portolio and ensuring uninterrupted, affordable natural gas supply.
  • Now
  • SHERA ENERGY; Co. has increased its stake in Shera Metal Private Limited from 82.13% to 85.56% by acquiring 3.43% more shares for ₹10.15 Cr.
  • This move strengthens Shera Energy’s presence in the non-ferrous metals industry, supporting market expansion and product innovation.
  • Shera Metal, which manufactures bus bars, tubes, and industrial sections with a 13,000 MTPM capacity, reported a ₹294.43 Cr turnover in FY24.
  • Chairman Says By increasing our stake in Shera Metal Private Limited, we are enhancing our ability to drive innovation, expand into new markets and improve our production capabilities.
  • Skip
  • JSW STEEL ; JSW Steel Limited has been declared the "Successful Bidder" by Bharat Coking Coal Limited (BCCL) for the Dugda Coal Washery project in Jharkhand.
  • The company aims to enhance its domestic coking coal security and cost efficiency.
  • The project involves processing 2 MTPA of raw coking coal for 25 years.
  • BCCL will supply coal at a 2.35% premium over its notified price, while JSW Energy (Utkal) Limited will purchase by-products at market-linked prices.
  • Now
  • TERA SOFTWARE: WINS RS 273 CR ORDER
  • Tera Software got receipt of a Letter of Intent (LOI) worth ₹273.12 crore from Madhyanchal Vidyut Vitran Nigam Ltd. (MVVNL) for door-to-door meter reading, spot bill generation, bill distribution, and bill collection services in Uttar Pradesh.
  • The contract will be executed over two years and covers multiple distribution zones, including Lucknow Central, Devipatan, Raibareilly, Agra, Firozabad, Kanpur-2, Azamgarh, and Basti.
  • DMART ; Company has opened four new stores in Jagtial (Telangana), Malegaon, Nashik (Maharashtra), Khargone (Madhya Pradesh), and Kundrathur, Chennai (Tamil Nadu).
  • This brings the total number of stores to 412.
  • UNITED SPIRITS: Board has approved the sale of a residential property at Malabar Hill, including its furnishings, to Mr. Ajaykumar Dineshkumar Vaghani and Mrs. Manisha Ajay Vaghani for INR 172 crore.
  • The buyers will bear applicable taxes, stamp duty, and registration fees.
  • OLA ELECTRIC
  • • Invests Rs 199 crore and Rs 250 crore to acquire Ola Cell Technologies and Ola Electric Technologies
  • • Targets full integration of the cell and EV units with itself by 2025
  • • The deals are on an arm's length basis, no regulatory approval needed
Panchkarma