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5 min read | Updated on August 13, 2025, 08:19 IST
SUMMARY
Stocks to Watch: FSN E-Commerce, the parent company of fashion and beauty retailer Nykaa, on Tuesday reported a 79% year-on-year rise in consolidated net profit to ₹24.47 crore for the three months ended June 2025.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 78 points higher. | Image: Shutterstock
The decision by the Commerce Department was made after the Alliance for American Solar Manufacturing and Trade filed a petition on July 17, reports added.
With this, Hindustan Unilever Ltd (HUL) has taken one step closer to its goal to demerge its ice cream business.
The majority of its shareholders have voted in favour of the resolution over the "Scheme of Arrangement between Hindustan Unilever Limited and Kwality Wall's", the FMCG major said while sharing the scrutiniser's report.
"The resolution for approval of the scheme of arrangement amongst HUL, Kwality Wall’s (India) Ltd and their respective shareholders, as set out in the notice dated 7th July 2025, has been passed by the members by requisite majority, pursuant to Section 230(6) of the Companies Act, 2013, through remote e-voting and e-voting at the meeting," it said.
The company had posted a net profit of ₹13.64 crore in the corresponding period of the previous financial year.
Total income rose to ₹2,164.27 crore in the quarter under review, compared with ₹1,753.44 crore in the April-June quarter of FY25, Nykaa said in a regulatory filing.
The growth was driven largely by its beauty vertical, which registered a nearly 24% increase in revenues to ₹1,975 crore in the quarter under review from ₹1,594 crore a year earlier.
The company had posted a net profit of ₹23.62 crore in the same period a year ago, the company said in a regulatory filing.
The revenue from operations of Nazara Technologies almost doubled to ₹498.77 crore during the reported quarter from ₹250 crore in the June 2024 quarter.
"We are seeing early results from our sharpened focus on IP-led gaming and are reinvesting this momentum into expanding our IP portfolio and strengthening UA to drive sustained growth.
"We have also strengthened our leadership team with recent appointments bringing deep expertise in gaming," Nazara Technologies Joint MD and CEO Nitish Mittersain said in a statement.
The state-owned company had logged a net profit of ₹1,101.63 crore in the April-June period of the preceding financial year.
According to an exchange filing, the company's total income increased to ₹3,442.76 crore from ₹3,037.92 crore in the year-ago period.
The company has commissioned the 800 MW Parbati-11 Project during the quarter ended June 30, 2025.
During the current quarter, NHPC commissioned 214.28 MW out of the total 300 MW Kamisar Solar Power Project in Bikaner.
The move also removes the restriction on Paytm Payments Services Limited from onboarding new merchants, which was imposed on the company on November 25, 2022.
"Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited (OCL or the Company), for a Payment Aggregator (PA) licence. We would like to inform you that Reserve Bank of India (“RBI”) has granted ‘in-principle’ authorisation to PPSL vide its letter...dated August 12, 2025, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007," the filing said.
NSDL's revenue from operations, however, declined 7% annually to ₹312 crore from ₹337 crore in the year-ago period.
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