Swedish auto component maker SKF India has reported a steep 31 per cent year-on-year dip in consolidated net profit to Rs 88.79 crore for the December 2021 quarter, impacted by inflationary pressure and supply chain constraints. It had posted a profit of Rs 128.11 crore in the corresponding quarter of the financial year 2022-21, the [...]
New Delhi, Feb 9 (PTI) Policy advocacy body Power Foundation will assist the Ministry of Power as a knowledge partner for India's G20 Presidency and Clean Energy Ministerial, an official statement said. Power Foundation is a registered society with an aim to be the foremost policy advocacy body which would engage in national dialogues on [...]
RP-Sanjiv Goenka Group arm Spencer's Retail Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 26.77 crore for the third quarter ended December 2021. The company had posted a net loss of Rs 29.63 crore in the October-December period a year ago, Spencer’s Retail Ltd (SRL) said in a regulatory filing. Revenue [...]
Mumbai, Feb 9 (PTI) Wood and Agro-based paper manufacturers Satia Industries on Wednesday said it has commissioned Paper Machine 4 having an installed capacity of one lakh tonne per annum, with an investment of Rs 500 crore. Out of the total investment of Rs 500 crore, Rs 300 crore was raised through debt and the [...]
New Delhi, Feb 9 (PTI) GMR Infrastructure Limited on Wednesday reported a consolidated net loss of Rs 515.34 crore for the quarter ended December 2021. The company had posted a consolidated net loss of Rs 1,120.51 crore in the year-ago period, according to a regulatory filing. The consolidated income from operations in the latest quarter under [...]
New Delhi, Feb 9 (PTI) To ensure adequate and timely supply of fertilisers to farmers in the next 2022 kharif season, the government targets higher-than expected opening stock of urea and DAP nutrients, a senior government official said on Wednesday. Normally, sowing in the kharif (summer) season begins with the onset of Southwest monsoon in [...]
New Delhi, Feb 9 (PTI) Dr Reddy's Laboratories on Wednesday said it has launched vasopressin injection, which is used to control frequent urination, increased thirst, and loss of water caused by diabetes, in the American market.The company has launched the product, a generic version of Par Pharmaceuticals' Vasostrict, in the US market after getting approval [...]
New Delhi, Feb 9 (PTI) Almost all the social media companies have set up an institutional structure and are publishing monthly compliance reports as required under the statute, IT Minister Ashwini Vaishnaw said on Wednesday. Replying to a question in the Lok Sabha, Vaishnaw said to ensure that social media is safe and people can [...]
Jindal Stainless (Hisar) Ltd on Wednesday reported a 90.6 per cent jump in consolidated profit at Rs 515.08 crore for the quarter ended December 2021. The company had posted a consolidated profit of Rs 270.20 crore in the year-ago period, Jindal Stainless (Hisar) Ltd said in a filing to BSE. The consolidated income of the [...]
New Delhi, Feb 9 (PTI) Startup consulting and SaaS firm xto10x Technologies on Wednesday said it has raised USD 25 million (about Rs 186.9 crore) in funding led by its co-founder Binny Bansal.The series A funding round also saw participation from 28 founders and senior leaders of the startup ecosystem in India and Southeast Asia."The [...]
