Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20. Among the Sensex firms, Bajaj Finance, Axis [...]
Renewable energy solution provider Suzlon has bagged a 99-MW wind energy project from Vibrant Energy. "Suzlon Group has received an order from Vibrant Energy for 33 wind turbine generators featuring its new 3 MW (each) series with a Hybrid Lattice Tubular tower for a 99 MW wind power project which is expected to be commissioned [...]
Leading cinema exhibitor PVR INOX plans to close around 50 loss-making screens, having an accelerated depreciation. "The company plans to shut down approximately 50 cinema screens over the next 6 months," said PVR INOX in its investor's update for the fourth quarter and financial year ending of March 31, 2023. These properties are loss-making, or [...]
Triveni Turbine Ltd (TTL) on Tuesday posted a 68.5 per cent jump in its consolidated net profit at Rs 55.6 crore during March 2023 quarter, boosted by higher revenues. It had clocked Rs 33.0 crore net profit during January-March quarter of preceding financial year 2021-22, TTL said in a statement. The company's revenues from operations [...]
IT major TCS and Intellect Design Arena are in the race for a contract for the development of an advanced version of public procurement portal GeM, sources said. The government invited tenders for new GeM (Government e-marketplace) portal development work in February-March this year and after scrutiny of the bids, TCS and Intellect Design Arena [...]
Telecom operator Bharti Airtel on Tuesday posted a 49.2 per cent jump in its consolidated net profit to Rs 3,005.6 crore for the fourth quarter ended March 31, 2023. The company had recorded a net profit of Rs 2,007.8 crore in the same period a year ago. Bharti Airtel's consolidated revenue from operations grew by [...]
Indian Hotels Company Ltd (IHCL) on Tuesday announced the signing of a 400-key Taj branded hotel at Indira Gandhi International Airport's Terminal 3 in New Delhi in partnership with Chalet Airport Hotel. The 400-key hotel will be situated adjacent to the Indira Gandhi International Airport's Terminal 3, an integrated terminal used for both international and [...]
After massive outflow in March, debt-oriented mutual funds witnessed a sharp turnaround in April as they attracted Rs 1.06 lakh crore with liquid schemes accounting for 60 per cent of the inflow. Barring credit risk and banking and PSU fund categories, all the other segments witnessed net inflows and expectedly, categories having shorter maturity profiles [...]
Kalyan Jewellers India Ltd on Monday posted a 3.11 per cent drop in its consolidated net profit at Rs 697.99 crore during the fourth quarter of the 2022-23 fiscal, largely due to higher expenses. The company had clocked a net profit of Rs 720.40 crore in the quarter ended March 31, 2022, according to a [...]
Patel Engineering on Monday posted a four-fold jump in its consolidated net profit at Rs 84.3 crore during the March 2023 quarter, boosted by higher revenues. It had clocked Rs 21.2 crore net profit during January-March quarter of preceding 2021-22 fiscal, the company said in a statement. The company's revenues from operations also surged to [...]
