New Delhi, Feb 4 (PTI) The government is expecting an investment of Rs 34,090 crore under the PLI scheme for large-scale electronics manufacturing, mainly mobile phones and electronic components, by 2025, Parliament was informed on Friday. The government has approved proposals of 20 companies under the Scheme for Promotion of Manufacturing of Electronic Components and [...]
Steel major Tata Steel on Friday said its consolidated net profit more than doubled to Rs 9,598.16 crore for the quarter ended December 2021, mainly on account of higher income. In a regulatory filing, the company said it had clocked a net profit of Rs 4,010.94 crore in the year-ago period. Total income during the [...]
New Delhi, Feb 4 (PTI) Just two persons seemingly affected by the Pegasus spyware have so far pledged to give their phones to the SC-appointed technical committee looking into the Pegasus issue, forcing the panel to extend the timeline for affected persons to turn up before it. The technical committee appointed by the Supreme Court [...]
Mumbai, Feb 4 (PTI) India Ratings and Research (Ind-Ra) on Friday said the third wave of Covid-19 is likely to impact the operating metrics of the hotel industry in the last quarter of this financial year, but the effect will be less in the April-June period of FY23 due to easing of restrictions. The overall [...]
New Delhi, Feb 4 (PTI) Dalmia Bharat Sugar and Industries Ltd on Friday posted 52.5 per cent jump in consolidated net profit at Rs 56.58 crore during the third quarter of 2021-22. The company's net profit in the year-ago period stood at Rs 37.10 crore, according to a regulatory filing. Total revenue increased to Rs [...]
New Delhi, Feb 4 (PTI) An unbelievingly low Rs 31,500 per return is all the tax that non-salaried and non-corporate tax filers such as proprietorships, limited liability partnerships and partnership firms pay, a top government official said on Friday, emphasising the need to expand the tax base in this segment. Speaking at a post-Budget event, [...]
Battery and flashlights maker Eveready Industries India Ltd on Friday reported 51.41 per cent decline in consolidated net profit at Rs 23.71 crore for the third quarter ended December 31, 2021. The company had clocked a net profit of Rs 48.80 crore in the year-ago period, Eveready Industries said in a regulatory filing. Revenue from [...]
New Delhi, Feb 4 (PTI) In a bid to further cool down edible oil prices and curb hoarding, the Centre on Friday extended stock limits on edible oils and oilseeds till June 30. Besides, the government has specified the stock limits that have to be imposed by states that have not implemented the earlier order [...]
Hyderabad, Feb 4 (PTI): Indian Institute of Technology Hyderabad (IITH) and Suzuki Motor Corporation signed a three-year contract to start Suzuki Innovation Centre (SIC) with the vision of "creating innovations for India and Japan" by way of providing a platform for exchange of knowledge between the two organizations. A press release from IIT Hyderabad said [...]
Mumbai, Feb 4 (PTI) Agri-business company Godrej Agrovet on Friday reported an 8.37 per cent decline in consolidated net profit at Rs 62.39 crore for the quarter ended December 2021. Godrej Agrovet's net profit stood at Rs 68.09 crore during the corresponding quarter of the previous fiscal, the company said in an exchange filing. Total [...]
