Shares of UltraTech Cement on Monday declined by nearly 5 per cent after the firm reported a decline in its consolidated net profit for the third quarter. The stock of the largest cement manufacturer fell 4.62 per cent to settle at Rs 6,846.90 apiece on the BSE. On the NSE, it declined by 4.42 per [...]
Full service carrier Vistara on Monday said it reported a profit for the first time since inception in the three months ended December 2022. Without disclosing the exact profit figure in the December quarter, the airline also said it crossed the USD 1 billion revenue mark and remained EBITDA positive in the current fiscal year. [...]
RattanIndia Power on Monday reported widening of its consolidated net loss to Rs 479.76 crore for the December quarter, mainly due to higher expenses. The consolidated net loss of the electricity producer stood at Rs 386.69 crore in the quarter ended December 31, 2021, as per a BSE filing. Total expenses rose to Rs 1,411.05 [...]
Triveni Turbine on Monday posted an over 47 per cent rise in consolidated net profit to Rs 52.60 crore for the December quarter, helped by higher revenues. The consolidated net profit of the company stood at Rs 35.67 crore in the quarter ended December 31, 2021, showed a BSE filing. Total income rose to Rs [...]
Sebi has asked B2B payments and services provider PayMate India to refile the documents for the initial public offering with certain updates. PayMate India had filed the Draft Red Herring Prospectus (DRHP) for a Rs 1,500 crore-IPO with the Securities and Exchange Board of India (Sebi) in May 2022. The proposed Initial Public Offering (IPO) [...]
Private sector lender Axis Bank on Monday reported a 62 per cent surge in profit at Rs 5,853 crore for the quarter ended December 2022, driven by increase in net interest income and decline in bad loans. Its net profit on standalone basis stood at Rs 3,614 crore in the same quarter of the preceding [...]
Realty firm Arvind SmartSpaces Ltd on Monday reported a 28 per cent decline in its consolidated net profit at Rs 4.24 crore for the quarter ended December. Its net profit stood at Rs 5.91 crore in the year-ago period, the Ahmedabad-based firm said in a regulatory filing. Total income grew to Rs 55.22 crore in [...]
Investment in the Indian capital markets through participatory notes slightly dropped to Rs 96,292 crore at the end of December 2022 from the preceding month on higher valuation of domestic markets. Before the decline, the investment through the route had been on an increasing trend since July because of a slump in prices of oil [...]
Coal India arm MCL is in the process of diversifying into power generation and will set up a coal-based plant entailing an investment of around Rs 12,000 crore in Odisha, its chairman-cum-managing director O P Singh said. Mahanadi Coalfields Ltd (MCL) also has plans to diversify into aluminium business. "We are into process of diversifying [...]
Tata Motors on Monday said it has partnered with ICICI Bank to offer financing solutions to its authorised passenger electric vehicle dealers. Under the partnership, ICICI Bank will provide inventory funding to the authorised passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models, Tata Motors said in a [...]
