A former unit of Russian energy giant Gazprom has resumed supplying LNG to Indian state gas utility GAIL a year after it halted supplies due to the Ukraine war, GAIL chairman Sandeep Kumar Gupta said Thursday. The resumption of supplies, which came to a halt in June last year, has shored up gas availability in [...]
A promoter of BLS International Services on Thursday offloaded shares worth Rs 196 crore through an open market transaction. BLS International Services is into visa and consular services and Diwakar Aggarwal (promoter) has sold his shares. According to the bulk deal data available with the National Stock Exchange (NSE), Diwakar Aggarwal offloaded 1.12 crore shares, [...]
Analytics and AI solutions company Course5 Intelligence on Thursday said it closed a fundraise of USD 28 million, about Rs 231 crore, from 360 ONE Asset Management, formerly known as IIFL Asset Management Limited. The fundraise is part of its ongoing USD 55 million, about Rs 455 crore, funding round. "Course5 Intelligence announced today that [...]
Diageo-controlled liquor maker United Spirits Ltd on Thursday reported a 42.44 per cent decline in its consolidated net profit to Rs 102.8 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 178.6 crore a year ago, United Spirits Ltd (USL) said in a regulatory filing. Its revenue [...]
Godrej Agrovet's Oil Palm Business on Thursday said it has partnered with the State Bank of India (SBI) to offer loans to oil palm farmers for setting up micro irrigation facility and install fencing to protect crops from cattle and improvement of tube well at their oil palm farms. Introduced with an objective of aiding [...]
Transport infrastructure consultancy and engineering firm RITES Ltd on Thursday said its profit after tax increased by 6.5 per cent to Rs 138 crore in the January-March 2023 quarter. The company had posted a profit after tax (PAT) of Rs 130 crore in the year-ago quarter, RITES said in a statement. Operating revenue, excluding other [...]
Fuelled by robust market demand and higher revenues, InterGlobe Aviation on Thursday flew into the profitability zone, raking in a net profit of Rs 919.2 crore in the March quarter. The parent of the country's largest airline IndiGo, which had faced turbulence last year, had a net loss of Rs 1,681.8 crore in the three [...]
Jubilant FoodWorks Ltd (JFL), the master franchisee for Domino's Pizza and Dunkin, on Thursday said it is not in the race to acquire Restaurant Brands Asia Ltd, formerly known as Burger King India Ltd. The leading Quick Service Restaurant (QSR) chain operator said it "strongly refutes" any information appearing about a deal speculating it to [...]
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces [...]
Equity benchmark indices pared their intra-day gains and ended lower on Thursday, pulled down by index majors ITC and State Bank of India after their fourth quarter earnings failed to cheer investors. After trading in the green for most part of the day, the 30-share BSE Sensex declined 128.90 points or 0.21 per cent to [...]
