TP Saurya has signed a power purchase agreement with Tata Power Trading Company Ltd (TPTCL) to set up a 200 MW solar project at Bikaner in Rajasthan. TP Saurya Ltd (TPSL) is a subsidiary of Tata Power Renewable Energy Limited (TPREL), which is an arm of Tata Power. With the latest win, the total renewable [...]
Hyperlocal startup magicpin on Friday said has recorded 200-fold growth in daily orders to 20,000 per day within the first five weeks of joining the government-supported Open Network for Digital Commerce (ONDC). Magicpin said it has reached 20,000 per orders day on the ONDC platform in the week ending May 7. "Within the first four [...]
Domestic passenger vehicle dispatches witnessed a 13 per cent year-on-year rise in April as demand remained robust across segments, industry body SIAM said on Friday. The total passenger vehicle dispatches from companies to dealers rose to 3,31,278 units last month compared to 2,93,303 units in April 2022. Market leader Maruti Suzuki India dispatched 1,37,320 units [...]
Shares of Adani Total Gas and Adani Transmission fell in morning trade on Friday after MSCI announced that the two companies will move out of the MSCI India Index with effect from May 31. The stock of Adani Total Gas tumbled 5 per cent to Rs 812.60 -- its lower circuit limit -- on the [...]
State-owned Oil and Natural Gas Corporation (ONGC) has discovered crude oil and natural gas in two blocks in Mumbai offshore, the company said on Thursday without giving details of reserves found. The discoveries, which have been named 'Amrit' and 'Moonga', were made in the blocks that the company won in recent open acreage licensing rounds. [...]
The initial public offering (IPO) of Nexus Select Trust, the first REIT backed by rent-yielding retail real estate assets, was subscribed 5.45 times on the last day of subscription on Thursday. The Rs 3,200-crore share sale received bids for 101.03 crore units against 18.52 crore units on offer, according to an update available with the NSE. [...]
Eicher Motors on Thursday said its consolidated net profit increased by 49 per cent to Rs 906 crore for the fourth quarter ended March 31, 2023, on the back of robust sales across domestic and global markets. The company, which had reported a net profit of Rs 610 crore a year ago, said it has [...]
Shaving products maker Gillette India Ltd on Thursday reported a 48.17 per cent rise in profit after tax (PAT) to Rs 102.70 crore for the third quarter ended March 2023, helped by tax gains and premiumisation of products. The company, which follows the July-June financial year, had reported a profit of Rs 69.31 crore in [...]
Leading stock exchange BSE on Thursday reported a 24 per cent jump in net profit to Rs 88.61 crore for the three months ended March. The exchange had posted a net profit of Rs 71.52 crore in the same quarter of the preceding the fiscal, BSE said in a regulatory filing to the National Stock [...]
Religare Enterprises on Thursday posted Rs 20 crore profit on a standalone basis for the fourth quarter ended March 2023. The company had registered a net loss of Rs 7 crore in the January-March quarter of the preceding fiscal. The total income increased to Rs 41 crore against Rs 8 crore in the same quarter [...]
