Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes. Halting a three-day rally, the 30-share BSE Sensex fell 251.26 points to 61,730.53. [...]
Commercial vehicles maker Ashok Leyland on Tuesday reported an over five-fold jump in consolidated net profit at Rs 802.71 crore for the fourth quarter ended March 31, 2023 riding on robust sales. The company had posted a consolidated net profit of Rs 157.85 crore for the same quarter previous fiscal, Ashok Leyland said in a [...]
Sansera Engineering on Tuesday said its consolidated net profit dipped five per cent to Rs 35.42 crore in the March quarter. The consolidated net profit of the company was Rs 37.36 crore in the quarter ended on March 31, 2022, a company statement said. Total income increased to Rs 623.04 crore in the quarter under [...]
India's second-largest IT services company Infosys on Tuesday launched Topaz, an AI-first set of services, solutions and platforms using generative Artificial Intelligence technologies, and said the 'responsible by design' approach ensures uncompromising ethics, trust, privacy, security and compliance. Topaz leverages Infosys applied AI framework to build an AI-first core that empowers people to deliver cognitive [...]
Benchmark indices Sensex and Nifty eked out gains in volatile trade to extend the winning streak to a third straight day on Tuesday amid weak trends in global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes. Fag-end volatility dragged the [...]
Technical textiles manufacturer Garware Technical Fibres on Tuesday reported an 11 per cent growth in consolidated profit after tax (PAT) at Rs 59.6 crore during the quarter ended March 31. The company's PAT stood at Rs 53.9 crore during the corresponding quarter of the previous fiscal, Garware Technical Fibres said in a regulatory filing. Revenue [...]
Bajaj Electricals on Tuesday reported 34.08 per cent rise in consolidated net profit at Rs 51.85 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 38.67 crore in the year-ago period, Bajaj Electricals said in a regulatory filing. Revenue from operations was up at Rs 1,473.54 [...]
Pharma major Venus Remedies on Tuesday said it has secured a good manufacturing practices (GMP) certification from Kenya for all its production facilities at Baddi, in Himachal Pradesh. The Pharmacy and Poisons Board (PPB) of the Kenyan Health Ministry granted the certification following a rigorous audit of the company's production facilities in Baddi, a company [...]
Kalpataru Power Transmission Ltd (KPTL) on Tuesday announced changing its name to Kalpataru Projects International Ltd. The name was changed after the receipt of approvals from shareholders and regulatory authorities including Ministry of Corporate Affairs, a company statement said. The name change is effective from May 22, 2023 and the company will henceforth operate under [...]
JSW Steel on Monday said NCLT-Mumbai has approved Rs 621-crore resolution plan submitted by its subsidiary JSW Steel Coated Products Ltd (JSWSCPL) for debt-laden National Steel and Agro Industries Ltd (NSAIL). "We now inform you that the written order of NCLT approving the resolution plan has been received," JSW Steel said in a BSE filing. [...]
