Telecom firm Bharti Airtel and Vultr, a privately-held cloud computing company, on Wednesday announced a strategic partnership to offer cloud solutions to enterprises in India. As per the pact, Airtel will offer Vultr's suite of cloud solutions to its enterprise customers, especially those in the digital space and help them gain global reach and cost-performance [...]
The recently launched retail central bank digital currency (CBDC) pilot has 50,000 users and 5,000 merchants, the RBI said on Wednesday. "We want the process to happen, but we want the process to happen gradually and slowly. We are in no hurry to make something happen so quickly," Deputy Governor T Rabi Sankar said at [...]
Air cooler and appliances maker Symphony on Wednesday reported 85.71 per cent jump in consolidated net profit at Rs 39 crore for the third quarter ended December 2022. The company had logged a net profit of Rs 21 crore in October-December period a year ago, Symphony said in a regulatory filing. Revenue from operations rose [...]
Auto components maker Uno Minda on Wednesday reported 47.21 per cent rise in consolidated net profit at Rs 173.95 crore for the third quarter ended December 31, 2022. The company had logged a net profit of Rs 118.16 crore in the same quarter last fiscal year, Uno Minda said in a regulatory filing. Revenue from [...]
Electric two-wheeler maker Hero Electric on Wednesday said it has partnered with Dhoot Transmission Pvt Ltd for new wiring harness solutions. The company's products will be equipped with the latest wiring harnesses of Dhoot Transmission under the partnership, it said in a statement. "Our partnership with Dhoot Transmission to procure wiring harnesses for our products [...]
Edible oil major Adani Wilmar Ltd on Wednesday reported a 15 per cent increase in its consolidated profit to Rs 246.11 crore for the third quarter ended December 2022, on higher revenue. Its net profit was Rs 211.41 crore in the year-ago period. The total income rose to Rs 15,515.55 crore in the third quarter [...]
Shree Cement Ltd on Wednesday reported a 41.61 per cent decline in consolidated net profit to Rs 281.83 crore in the third quarter that ended December 2022 due to an increase in input cost. The company posted a net profit of Rs 482.70 crore in the October-December quarter last fiscal, Shree Cement said in a [...]
TD Power Systems on Wednesday posted nearly three per cent rise in its consolidated net profit at Rs 20.07 crore in the quarter ended December 2022. The consolidated net profit of the company was Rs 19.53 crore in the corresponding quarter that ended on December 31, 2021, showed a BSE filing. Total income rose to [...]
Shares of Aditya Birla Fashion and Retail Ltd (ABFRL) fell nearly 2 per cent in late morning trade on Wednesday after the fashion retailer reported decline in net profit for the third quarter. In late morning trade, shares of the firm fell 1.63 per cent to Rs 247.55 apiece on the NSE. On the BSE, [...]
State-owned KIOCL has trimmed its net loss to Rs 33.88 crore during the October-December quarter of FY23, helped by reduced expenses. The company had posted Rs 86.68 crore net loss during the same period of the preceding fiscal, KIOCL said in a regulatory filing. KIOCL has also reduced its expenses to Rs 340.99 crore from [...]
