Mumbai, Feb 9 (PTI) Auto components maker Kinetic Engineering, which had made a name in the past with mopeds and scooters but has since long quit the space, is planning big on the electric vehicles front offering two- and three-wheeler chassis and gearboxes and expects it to become an Rs 800-1,000-crore business over the next [...]
New Delhi, Feb 9 (PTI) GMR Infrastructure Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 515.34 crore for the quarter ended in December 2021 against that of Rs 1,120.51 crore in the year-ago period, according to a regulatory filing. The consolidated income from operations in the quarter under review rose to Rs [...]
New Delhi, Feb 9 (PTI) Leading provider of investor and issuer solutions KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specialising in fund accounting and reconciliation product development. Post this acquisition, Hexagram will become a wholly-owned subsidiary of KFin Technologies, according to a statement. [...]
New Delhi, Feb 9 (PTI) The frequency band of 3300-3670 MHz identified for 5G technology in India is sufficiently spaced out from the 4200-4400 MHz band, used for radio altimeter in planes, and it is "very unlikely" to cause any interference in radio altimeter communications, the government said on Wednesday. Some media reports have been [...]
Cement maker ACC Ltd on Wednesday reported a 40.55 per cent increase in its consolidated net profit to Rs 280.85 crore for the fourth quarter ended December 31, 2021, due to adverse input inflation. The company, which follows the January-December financial year cycle, had posted a net profit of Rs 472.44 crore during the corresponding [...]
New Delhi, Feb 9 (PTI) Equity mutual funds attracted a net sum of Rs 14,888 crore in January, making it the 11th consecutive month of net inflows, amid high volatility in the stock market and continued selling by foreign investors. However, the amount was much lower than the net inflow of Rs 25,077 crore witnessed in [...]
Tamilnadu Petroproducts Ltd (TPL), a part of AM International, Singapore, on Wednesday reported standalone profit after tax at Rs 46.95 crore for the quarter ending December 31, 2021. The Chennai-based petrochemical manufacturing company saw a standalone profit after tax at Rs 21.87 crore during the corresponding quarter the previous year. Revenues for the quarter under [...]
New Delhi, Feb 9 (PTI) India is in discussion with the 10-nation bloc ASEAN for initiating the review of the free-trade agreement in goods between the two regions to seek more market access for domestic products, Parliament was informed on Wednesday. Minister of State for Commerce and Industry Anupriya Patel said the market access issues [...]
New Delhi, Feb 9 (PTI) As many as 305 cases have been registered under the Legal Metrology Act for various violations of mandatory declarations, like country of origin and expiry dates, since October 16, 2020, Parliament was informed on Wednesday. In a written reply to the Lok Sabha, Minister of State for Consumer Affairs, Food [...]
New Delhi, Feb 9 (PTI) Over a hundred 'tiger widows' in Bali island in the dense mangrove thickets of Sunderbans in West Bengal, who were engaged with spinning activity by the Khadi and Village Industries Commission since 2018, now have access to modern amenities, advanced equipment and marketing support. To begin khadi activities on the island, [...]
