Paytm forms joint venture general insurance firm; to invest Rs 950 crore in 10 years

Paytm forms joint venture general insurance firm; to invest Rs 950 crore in 10 years

Digital financial services firm One97 Communications, which operates under Paytm brand, on Saturday said it has formed a joint venture general insurance company in which it has committed to invest Rs 950 crore over a period of 10 years. The proposal to set up joint venture firm Paytm General Insurance Limited (PGIL) was approved by [...]
BHEL returns to black; posts Rs 912-cr net profit in Q4

BHEL returns to black; posts Rs 912-cr net profit in Q4

State-owned engineering firm BHEL on Saturday returned to black posting Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income. In the year-ago quarter, the company had reported a consolidated net loss of Rs 1,036.32 crore, according to a regulatory filing. Total income during January-March 2022, rose to Rs 8,181.72 crore, [...]
BHEL returns to black; posts Rs 912-cr net profit in Q4

IndiGrid Mar qtr net jumps 45% to Rs 99.80 cr

Infrastructure investment trust IndiGrid has posted over 45 per cent rise in its consolidated net profit at Rs 99.80 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of India Grid Trust (IndiGrid) was Rs 68.69 crore in the quarter ended March 31, 2021, a regulatory filing showed. [...]
Paytm Q4 Results: Consolidated loss widens to Rs 761 cr

Paytm Q4 Results: Consolidated loss widens to Rs 761 cr

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs 761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses. The company had posted a loss of Rs 441.8 crore in the same [...]
IGL to invest Rs 8,000 cr in five years for expansion

IGL to invest Rs 8,000 cr in five years for expansion

Indraprastha Gas Ltd, the nation's largest CNG retailer, will invest about Rs 8,000 crore in the next five years to expand the city gas network of CNG stations and pipelines, taking environment-friendly fuel to household kitchens and factories, the company's Managing Director Sanjay Kumar said on Friday. Indraprastha Gas Ltd (IGL) currently has major operations [...]