New Delhi, Jan 21 (PTI) In a significant development, PTC India on Friday said one of its independent directors Rakesh Kacker has put in his papers, two days after three independent directors of the company's subsidiary PFS resigned over alleged corporate governance issues. Kacker -- who had served as an independent director on the board [...]
Legalkart raises Rs 4 cr from Mumbai Angels, IIM Udaipur Incubation Center Mumbai, Jan 21 (PTI) Legaltech start-up Legalkart has raised Rs 4 crore from Mumbai Angels and the IIM Udaipur Incubation Center in a pre-series-A round. Legalkart founder and CEO Arvind Singhatiya said the Gurgaon-based legal-tech start-up plans to utilise the funds to develop [...]
New Delhi, Jan 21 (PTI) Jio Platforms on Friday posted an 8.8 per cent increase in net profit at Rs 3,795 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 3,486 crore in the same period a year ago. Gross revenue [...]
New Delhi, Jan 21 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported its best-ever quarterly performance in October-December 2021, helped by an uptick in two 'Rs' -- refining and retail, a recent tariff hike accelerating growth at Jio and a one-off gain from the sale of US shale gas business. The oil-to-retail-to-telecom conglomerate's [...]
Kolkata, Jan 21 (PTI) The Ministry of Textiles believes that raw jute is being hoarded leading to a crisis in the sector, but will examine if some relaxations could be offered on stock limit for export orders, Union minister Piyush Goyal said on Friday.The assurance from the Union textiles minister came at a time when [...]
Mumbai, Jan 21 (PTI) Hit by the third wave of the pandemic that led to massive cancellations of domestic flights and extension of the ban on scheduled international flights till the end of the next month, the airports are set to see a 10-percentage-point fall in their revenue recovery this fiscal to 52 per cent [...]
New Delhi, Jan 21 (PTI) The Supreme Court Friday allowed the Gujarat government's appeal and upheld its demand of purchase tax to the tune of Rs 480.99 crore and the penalty on ArcelorMittal Nippon Steel India Limited, previously known as Essar Steel Ltd (ESL), for wrongly availing the tax exemption. The apex court said the [...]
New Delhi, Jan 21 (PTI) Jio Platforms on Friday posted an 8.8 per cent increase in net profit at Rs 3,795 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 3,486 crore in the same period a year ago. Gross revenue from operations increased by 5.76 per [...]
New Delhi, Jan 21 (PTI) Reliance Retail on Friday reported a 23.81 per cent increase in its consolidated pre-tax profit at Rs 3,822 crore for the third quarter ended December 2021. The retail arm of Reliance Industries Ltd (RIL) had posted a pre-tax profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs [...]
New Delhi, Jan 21 (PTI) CSB Bank on Friday reported a nearly three-fold jump in net profits to Rs 148.26 crore for the third quarter ended December 2021. The Thrissur-based lender had reported a net profit of Rs 53.05 crore for the third quarter of the previous financial year. However, total income during the reported [...]
