IT company LTIMindtree on Friday posted a consolidated net profit of Rs 1,000.7 crore for the December quarter, a 4.6 per cent decline over the year-ago period due to one-off impact of merger-related integration cost. In November last year, L&T Group had announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech), [...]
Ramkrishna Forgings on Friday posted a 35 per cent rise in its December quarter consolidated net profit to Rs 61.04 crore, mainly on account of higher revenues. The firm had clocked a net profit of Rs 45.35 crore in the year-ago period, it said in a regulatory filing. The company's revenue from operations rose 30 [...]
DCM Shriram Ltd, which is into chemicals, sugar, bioseed and fertiliser businesses, on Friday reported a marginal decline in its December quarter consolidated net profit to Rs 342.09 crore. Its net profit stood at Rs 349.57 crore in the year-ago period. Total income rose 21 per cent to Rs 3,417.06 crore during October-December quarter of [...]
State-owned Indian Renewable Energy Development Agency (IREDA) is targetting an 18 per cent rise in revenue from operations to Rs 3,361 crore this fiscal. IREDA has signed a memorandum of understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the annual performance target for 2022-23, the Ministry of New and Renewable Energy [...]
The Human Resource industry anticipates various measures from the upcoming Budget 2023, that will be beneficial for employees, the employment process, for job development and will address the skill-gap challenge in the country. The Indian economy is on the road to recovery after the Covid-19 pandemic significantly affected the country's economic growth. Industry players are [...]
Benchmark Sensex and Nifty closed lower for the second day in a row on Friday due to a decline in index major Reliance Industries, Hindustan Unilever, and Infosys amid concerns over global economic slowdown. The 30-share BSE Sensex declined 236.66 points or 0.39 per cent to settle at 60,621.77 with 20 of its constituents ending [...]
Private sector Bandhan Bank on Friday reported a 64 per cent fall in its December quarter net profit at Rs 290.56 crore owing to decline in net interest income and rise in provisions for bad loans. The Kolkata-based new generation bank had posted a net profit of Rs 858.97 crore in the year-ago period. However, [...]
Reliance Jio, the nation's largest telecom firm, on Friday reported a 28.3 per cent rise in its third-quarter net profit to Rs 4,638 crore. The firm had a net profit of Rs 3,615 crore in October-December 2021, according to a company's stock exchange filing. Revenue rose to Rs 22,993 crore in October-December 2022 from Rs [...]
The Finance Ministry on Friday asked banks to further increase credit penetration in aspirational districts and ensure availability of at least one banking outlet within 5 km of all inhabited villages. Progress of 112 Aspirational Districts under Targeted Financial Inclusion Intervention Programme (TFIIP) was discussed in detail during a review meeting of Lead District Managers [...]
Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant to retrench staff en mass amid the global economic downturn. In an email to employees, the Indian-origin CEO said:"I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 [...]
