Mumbai, Feb 3 (PTI) The Brihanmumbai Municipal Corporation (BMC) on Thursday unveiled a budget of Rs 45,949.21 crore for 2022-23 and allocated Rs 3,200 crore for the coastal road project and Rs 6,933.75 crore for health, while it provided property tax relief for small flat owners ahead of civic elections.The budget of India's richest civic [...]
Chennai, Feb 3 (PTI) Global technology company Zoho Corporation on Thursday said its enterprise collaboration and communication platform 'Workplace' now serves more than 16 million users globally after witnessing a 34 per cent year on year growth in 2021.The company in a statement here said the substantial growth was on account of increasing business demand [...]
GMM Pfaudler, a leading supplier of engineered equipment and systems to chemical and pharma markets, on Thursday reported an 85 per cent jump in consolidated net profit to Rs 43 crore for the December 2021 quarter. The city-headquartered company also saw its revenue rise by 218 per cent to Rs 642 crore during the quarter [...]
Aditya Birla Capital Ltd (ABCL) on Thursday said its consolidated net profit doubled to Rs 577 crore in the quarter ended December 2021, its highest-ever quarterly profit, on the back of strong growth across businesses. The net profit stood at Rs 289 crore in the corresponding quarter a year ago. Consolidated revenue grew by 13 [...]
Mahindra Holidays & Resorts India Ltd on Thursday reported a consolidated net profit of Rs 13.39 crore for the third quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 67.34 lakh in the corresponding period last fiscal, Mahindra Holidays & Resorts India said in a regulatory filing. Its consolidated [...]
New Delhi, Feb 3 (PTI) Cryptocurrency will never be a legal tender, Finance Secretary T V Somanathan said on Thursday clearing the air on the legality of private digital currencies in the market. The 2022-23 Budget has given a clarity on taxation of virtual digital assets and proposed to impose a 30 per cent tax [...]
Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Thursday reported a consolidated net profit of Rs 32.59 crore for the fourth quarter ended December 2021, helped by volume growth. The company, which follows the calendar year as its financial year, had posted a net loss of Rs 7.24 crore during the October-December quarter a year [...]
New Delhi, Feb 3 (PTI) India favours a global consensus on regulating cryptocurrencies as a local response may not yield the desired results because these instruments are traded on the internet and not tied to any jurisdiction, Economic Affairs Secretary Ajay Seth said. "Regulation or ban whatever it is, appropriate policy response to crypto assets [...]
Kolkata, Feb 3 (PTI) Home-grown FMCG company Emami Limited on Thursday restructured its board by re-designating whole-time directors Mohan Goenka and Harsh Agarwal as vice-chairman cum wholetime director and vice-chairman cum MD respectively with effect with April one, 2022.In a statement, the company said founders R S Agarwal and R S Goenka have expressed their [...]
Godrej Properties on Thursday said its consolidated net profit in December quarter nearly tripled to Rs 38.95 crore while its sales bookings grew 4 per cent to Rs 1,541 crore. Its net profit stood at Rs 14.35 crore in the same period of 2020-21. Total income increased to Rs 466.91 crore in the quarter from [...]
