Sun Pharma on Tuesday reported a consolidated net profit of Rs 2,166 crore for the third quarter ended December 31, 2022. The Mumbai-based company had posted a net profit of Rs 2,059 crore for October-December period of the previous fiscal year. Total revenue from operations stood at Rs 11,241 crore in the period under review. [...]
Asia's oldest stock exchange BSE's platform for small and medium enterprises (SMEs) on Tuesday announced the listing of Dharni Capital Services Ltd, taking the tally of such listed companies on the bourse to 414. Dharni Capital Services Ltd becomes the 414th company to get listed on the BSE SME platform, the exchange said in a [...]
Vedanta group firm Hindustan Zinc Ltd on Tuesday said it has earmarked a USD 1 billion investment for converting its diesel-run 900-odd mining vehicles into battery-operated ones over the next five years. Hindustan Zinc is steadily switching to electric vehicles for its underground mine operations. HZL together with the Finnish technology company Normet Group Oy, [...]
India has become the third-largest aviation market in the world and is growing rapidly, with the number of airports increasing to 147 from just 74 in 2014, President Droupadi Murmu said on Tuesday. She also said the Indian Railways is emerging as a modern institution and many inaccessible areas are being added to the rail [...]
Capital expenditure has started pushing private investment and the Budget target of Rs 7.5 lakh crore for the current financial year is likely to be met, the Economic Survey 2022-23 said. The capital expenditure (capex) of the central government which increased by 63.4 per cent year-on-year in the first eight months of FY23 was another [...]
India's solar module manufacturing capacity is expected to reach approximately 95 GW by the end of 2025, according to Mercom Capital. The solar module manufacturing capacity as of September last year was 39 gigawatt (GW), the research firm said in its latest report. "India's solar module manufacturing capacities announced...39 GW at the end of September [...]
IT hardware and mobile accessories firm Balaji Solutions and Enviro Infra Engineers, which provides solutions for waste water treatment, have received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs). The two companies, which filed their preliminary IPO papers with Sebi during August and September 2022, obtained the observation letters on [...]
Godrej Properties Ltd on Tuesday said it has bought an 89-acre land parcel at Khalapur in Maharashtra to develop a housing project as part of its expansion plan to grow business. In a regulatory filing, Godrej Properties informed that it has entered into an agreement for outright purchase of a land parcel in Khalapur - [...]
Billionaire Gautam Adani's embattled group clutched on to a USD 400-million investment by Abu Dhabi's International Holding Co. in its flagship firm's share sale to restore confidence in the conglomerate that saw nearly USD 70-billion rout in value after a tiny New York short seller came out with a damning report. Adani, 60, who was [...]
IIFL Finance on Monday reported a 37 per cent growth in net profit at Rs 423 crore in the three months to December on higher advances. Total income rose 30 per cent on-year to Rs 1,339.4 crore in the third qurter of the current fiscal, the company said in a statement. Growth in core products [...]
