Gland Pharma Ltd on Monday reported a 15 per cent decline in consolidated net profit at Rs 231.95 crore for the third quarter ended December 2022, impacted by production delays due to supply disruptions. The company had posted a consolidated net profit of Rs 273.03 crore in the same period last fiscal, Gland Pharma said [...]
Domestic telecom gear maker HFCL Limited on Monday posted a 25.3 per cent year-on-year rise in consolidated net profit for the December 2022 quarter at Rs 102 crore. Its net profit stood at Rs 81 crore in the corresponding period of previous year, according to a company statement. Revenue came in at Rs 1,086 crore [...]
Poonawalla Fincorp Limited on Monday reported an 88 per jump in net profit to Rs 150 crore for the third quarter ended December 2022. The non-deposit-taking non-banking finance company (NBFC) focusing on consumer and MSME finance had reported a net profit of Rs 80 crore in the year-ago period. Total income in the quarter rose [...]
Sebi on Monday slapped a penalty of Rs 30 lakh on Wealthit Global and its proprietor Mohit Manghnani for violating regulatory norms. In addition, the two have been restrained from the securities markets for a period of five years. Wealthit Global is a Sebi-registered Investment Adviser. The order came after the regulator had conducted an [...]
The Rajasthan government on Monday signed agreements for investment worth Rs 1.36 lakh crore in the state. The investment was committed under Invest Rajasthan, which was held in October last year. Agreements of 26 projects related to industires, energy, tourism and other sectors were signed at the chief minister's residence. Nearly 17,000 people will get [...]
Tata Communications on Monday reported a consolidated net profit of about Rs 394 crore for the just-ended December 2022 quAarter, a tad lower than the year-ago period. The Q3 FY23 net profit was 0.3 per cent lower than last year's figure of about Rs 395 crore (profit for the period attributable to equity holders of [...]
Prime Minister Narendra Modi has always prioritised the energy sector of the North East, Petroleum and Natural Gas Minister Hardeep Singh Puri said here on Monday. The prime minister's priority is to put the region in the high growth trajectory and as such he is putting great emphasis on the energy sector, Puri said while [...]
Benchmark equity indices Sensex and Nifty advanced nearly half a per cent in early trade on Tuesday following gains in IT and financial stocks amid positive global cues. The 30-share BSE Sensex rose by 273.27 points or 0.45 per cent to 61,214.94 as 21 of its constituents traded in the green. The barometer opened stronger [...]
Gujarat aims to become the world centre for green hydrogen by creating an estimated 8 MTPA production capacity in another 10-12 years, state Industries Minister Balwantsinh Rajput has said. Addressing a plenary session on "Gujarat's G20 Connect" as part of the Business 20 India Inception Meeting on Monday, Rajput said as a driving force, Gujarat [...]
The country's services exports are doing “extremely well” and going by the current trend these outbound shipments would register about 20 per cent growth in this fiscal and cross the USD 300 billion target despite global economic uncertainties, Commerce and Industry Minister Piyush Goyal has said. He said that on the merchandise front also, exports [...]
