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Kolkata Port Q4 Results: Net profit jumps 15% to Rs 120cr

Kolkata Port Q4 Results: Net profit jumps 15% to Rs 120cr

The Kolkata Port has registered a 15 per cent jump in net profit to Rs 120 crore during 2021-22 amid a slowdown in cargo movement due to Covid related disruptions, an official said on Monday. In 2020-21, the riverine Syama Prasad Mookerjee Port, which was earlier known as Kolkata Port Trust, had posted Rs 104 [...]
Entity offloads Piramal Enterprises’ shares worth Rs 575 crore

Entity offloads Piramal Enterprises’ shares worth Rs 575 crore

An entity on Thursday offloaded shares of Piramal Enterprises for Rs 575 crore through open market transactions. According to the block deal data available with the BSE, SmallCap World Fund Inc sold a total of 61,09,068 shares of Piramal Enterprises 17 tranches. The shares were disposed at an average price of Rs 941.15 apiece, taking [...]
Amara Raja Electronics acquires stake in Design Alpha

Amara Raja Electronics acquires stake in Design Alpha

Amara Raja Electronics Ltd on Thursday said it has acquired a stake in engineering design firm Design Alpha. The acquisition will position Amara Raja Electronics Ltd AREL as a fully integrated electronic systems design and manufacturing (ESDM) company, unlocking numerous opportunities in the electronics manufacturing business, the company said in a statement without disclosing the [...]
Adani Green to raise Rs 12,300 cr to fund expansion

Adani Green to raise Rs 12,300 cr to fund expansion

Billionaire Gautam Adani-led group's renewable energy firm on Thursday announced plans to raise Rs 12,300 crore through a share sale to investors as the group continues to build on a comeback strategy to emerge out of allegations of fraud levelled by a US short-seller. Adani Green Energy Ltd in a stock exchange filing said its [...]
Tata Steel consolidated output falls 7.69% to 7.08 MT in Q1; sales grow 8% to 7.04 MT

Tata Steel consolidated output falls 7.69% to 7.08 MT in Q1; sales grow 8% to 7.04 MT

Tata Steel on Thursday its consolidated production declined to 7.08 million tonnes (MT) in the first quarter of FY24. The company's consolidated production was at 7.67 MT during April-June of the preceding financial year, Tata Steel said in a statement. Consolidated deliveries however rose 7.97 pc to 7.04 MT from 6.52 MT in the same [...]
Sensex, Nifty trade flat amid weak global trends

Sensex, Nifty trade flat amid weak global trends

Benchmark stock indices Sensex and Nifty traded flat in early trade on Friday due to profit-taking in financials and IT shares amid weak global cues. The 30-share BSE Sensex opened lower and fell further by 294 points to hit a low of 65,785.64 in early trade. The BSE barometer was trading at 65,767.85, down by [...]
PNB launches its virtual branch in the Metaverse

PNB launches its virtual branch in the Metaverse

State-owned Punjab National Bank (PNB) on Thursday announced the launch of a virtual branch, PNB Metaverse. It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers who can now explore the bank’s products and services such as bank deposits, retail/MSME loans, digital products, women/senior [...]