Ardee Industries debuts as Indian firms post mixed results

Every day, companies in India share news about how they are doing financially.

Some companies made lots of money and told everyone about it.

Manappuram Finance, a company that lends money using gold, earned almost four times more than last year.

Bata, a shoe company, made more profit and decided to give its shareholders a small reward of Rs 25 per share.

A company called Ardee Industries, which works in recycling and recovery, started selling its shares to the public for the first time.

Many people were excited, and the offer was subscribed more than 133 times.

Larsen and Toubro handed its computer storage business to its own subsidiary, Vyoma.AI, for Rs 1,400 crore.

BEML got an order to build parts for helicopter fuselages from Hindustan Aeronautics.

Zydus Lifesciences made a deal with Mereo BioPharma to develop a new medicine for a rare lung disease.

Other companies, like the sugar maker Balrampur Chini Mills, earned less profit this time.

In total, it was a busy day with lots of news about Indian businesses.