WEB NEWS

Lucent Industries Limited (BSE: 539682) has announced that its Board of Directors will meet on Monday, 24th February 2025, to consider the proposed Scheme of Amalgamation with Mobavenue Media Private Limited. This proposal outlines a potential vertical expansion for Lucent Industries in the MadTech (MarTech + AdTech) sector. Mobavenue Media, founded in 2017, is an AI-powered programmatic and digital growth marketing technology company. It offers solutions through platforms—PrsmX, SurgeX DSP, and ResurgeX—covering the full consumer journey, from awareness to retention. Mobavenue has shown strong performance, with revenue rising from Rs. 35.5 crore in FY22 to Rs. 98.3 crore in FY24. The company has received over 40 industry awards, including 'MarTech Agency of the Year' and a spot on 'Forbes Asia 30 under 30.' Lucent Industries aims to explore synergies with Mobavenue’s technology-driven approach to digital marketing across sectors like gaming, fintech, e-commerce, ...

BLS International Services Limited (BSE: 540073, NSE: BLS), is an Indian multi-national corporation and a trusted global tech-enabled services partner for governments and citizens. The company has got a buy call from Nuvama with Target Price INR 637. Nuvama further added, “Its operational performance aligned with our estimates. It posted a record high quarterly revenue. As the only listed Indian company in global visa processing and G2C services outsourcing, BLSIN operates a capital light and cash-generating model, with strong growth potential. New visa contracts and an expanding digital services network can further enhance profitability. Its strong track record of acquisitions continues to broaden its market reach and service portfolio. Given its in line performance in Q3FY25 and higher-than anticipated margin guidance, we have revised our FY25/FY26 EBITDA estimate upwards by 6% each. Consequently, we raise our SoTP-based TP to INR637 from INR604. Maintain 'BUY'.” Earlier, BLS...

by Priya Jadhav  Mumbai, India – A groundbreaking study conducted by the Madras Diabetes Research Foundation (MDRF) has revealed that consuming a handful of roasted, unsalted pistachios (approximately 30g) before meals can significantly slow the progression to diabetes in individuals with prediabetes. The study, titled “Effect of Premeal Pistachio Supplementation on Cardiometabolic Risk Factors among Asian Indian Adults with Prediabetes: A Randomized Controlled Trial,” was recently published in The Journal of Nutrition. It was led by Dr. V. Mohan, Chairman, Madras Diabetes Research Foundation, in collaboration with renowned researchers, including Dr. Walter Willett, Dr. Frank Hu, and Dr. Shilpa N. Bhupathiraju from the Harvard T.H. Chan School of Public Health in the United States, as well as Dr. Jordi Salas-Salvadó from the Institut d’Investigació Sanitaria Pere Virgili, Universitat Rovira i Virgili, Reus, Spain. India is home to 136 million adults with prediabetes and more than 1...

Balu Forge Industries Ltd. (BFIL) (BSE: 531112, NSE: BALUFORGE), a leading precision engineering and manufacturing company, approved its unaudited Consolidated Financial Results for the quarter ended 31st December 2024, in the meeting of its Board of Directors held on 7th February 2025. BFIL registered a robust revenue growth of 73.91% YoY and revenue from operations stood at INR 2,557.83 Mn in Q3FY25 compared to INR 1,470.75 Mn in Q3FY24 because of the constant focus on client addition and continued demand for the specialized engineering products. EBITDA grew by 106.95% and margins expanded by 422 bps from 22.24% in Q3FY24 to 26.47% in Q3FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. PAT grew by 134.09% and PAT margins improved by 528 bps from 16.95% in Q3FY24 to 22.24% in Q3FY25. Commenting on the performance of Q3FY25, Mr. Trimaan Chandock, Executive Director of BFIL stated: We are pleased to report strong ...

BLS International Services Limited (BSE: 540073, NSE: BLS), an Indian multi-national corporation and a trusted global tech-enabled services partner for governments and citizens, announced its consolidated financial results for the quarter and nine months ended 31st December 2024. The company’s Revenue from Operations expanded by 17.1% YoY to Rs. 512.8 Crores in Q3FY25 from Rs. 437.9 Crores in Q3FY24. Company’s EBITDA surged by 78.5% YoY to Rs. 158.1 Crores during the quarter as compared to Rs. 88.6 Crores in Q3FY24. EBITDA Margin increased to 30.8% in Q3FY25 from 20.2% in Q3FY24. Margin expansion was enhanced by the ongoing transition from partner run to self-managed model and integration of newly acquired businesses. PAT for the quarter scaled to Rs. 127.9 Crores as compared to Rs. 87.2 Crores reported in Q3FY24, a growth of 46.7% YoY. Post acquisitions done in FY25, the company’s net cash balance stood at Rs. 690 Crores as of 31st December 2024. The company’s Revenue from Operations ...