Film exhibition firm PVR Ltd on Thursday reported a consolidated net profit of Rs 16.15 crore for the third quarter ended December 31, 2022, helped by growth in key operating metrics. The company had posted a consolidated loss of Rs 10.18 crore a year ago, it said in a regulatory filing. Its consolidated revenue from [...]
Wires and cables manufacturer Polycab India Ltd (PIL) on Thursday reported a 45 per cent growth in its consolidated profit after tax to Rs 360.8 crore for the October-December quarter of 2022-23 compared to the same period of the previous fiscal. The company's PAT stood at Rs 248.4 crore during the corresponding quarter of the [...]
Sterling and Wilson Renewable Energy Limited (SWREL) on Thursday said it has narrowed its consolidated net loss to Rs 99.15 crore during December quarter, mainly due to lower expenses. The company had reported a consolidated net loss of Rs 428.78 crore in the year-ago period, according to a regulatory filing. Total income of the company [...]
Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure. The group is into the entire gamut of infrastructure -- being its ports, airports, roads, [...]
The government will take a decision next month on increasing the sugar export quota from current 60 lakh tonnes after assessing the domestic production and internal demand, Food Secretary Sanjeev Chopra said on Thursday. The food ministry has allowed 60 lakh tonnes of sugar exports for the current 2022-23 marketing year (October-September). India exported around [...]
In a major blow to cash-strapped Pakistan, the World Bank has delayed the approval of two loans worth USD 1.1 billion until the next fiscal year, according to a media report. The Washington-based lender has also opposed slapping a flood levy on imports, creating a new hole in an already ambitious USD 32 billion annual [...]
IT solutions major Rashi Peripherals has filed preliminary papers with capital markets regulator Sebi to raise Rs 750 crore through an Initial Public Offering (IPO). The public issue is completely fresh issue of shares with no offer-for-sale component, according to the Draft Red Herring Prospectus (DRHP). The company may consider a private placement of equity [...]
India's domestic passenger traffic grew 13.69 per cent year-on-year to 127.35 lakh in December, according to DGCA monthly traffic data released on Thursday. The number of passengers flown by the Indian airlines in December 2021 was recorded at 112.02 lakh, as per data. IndiGo, which carried 69.97 lakh passengers during the month, lost the market [...]
Wipro GE HealthCare on Thursday said it has appointed Chaitanya Sarawate as Managing Director of the company. He has also been designated as the President & CEO of GE HealthCare South Asia. Sarawate succeeds Shravan Subramanyam, who is leaving to pursue an opportunity outside the company, the company said in a statement. In his new [...]
Mahindra & Mahindra on Thursday said the Maharashtra government has approved its proposal to set up a Rs 10,000-crore electric vehicle plant in Pune under the state's industrial promotion scheme for EVs. The two sides signed an agreement to this effect at the World Economic Forum in Davos on Wednesday, M&M Ltd said in a [...]
