Ujjivan Small Finance Bank on Thursday reported a more than two-fold jump in its March quarter net profit to Rs 309.50 crore, helped by higher core income and a write-back in provisions. The Bengaluru-headquartered lender posted a net profit of Rs 1,099 crore for FY23 as against a loss of Rs 414 crore in the [...]
Telecom operators Reliance Jio and Bharti Airtel added 19.8 lakh mobile subscribers month-on-month in February, even as Vodafone Idea lost 20 lakh customers, according to data released by Trai on Thursday. India's largest telecom player Reliance Jio added the maximum number of mobile subscribers at about 10 lakh, taking its wireless subscriber tally to 42.71 [...]
BLS International on Thursday reported a more than two-fold jump in its consolidated net profit at Rs 76.73 crore for the quarter ended March. Its net profit stood at Rs 35.20 crore in the year-ago period, the company said in a statement. BLS International is into visa and consular services. The company's operational revenue rose [...]
Equity benchmark indices Sensex and Nifty fell in early trade on Friday amid weak trends in global markets and as investors preferred to stay on the sidelines ahead of the release of domestic inflation data. The 30-share BSE Sensex fell 244.01 points to 61,660.51. The NSE Nifty declined 77.95 points to 18,219.05. Among the Sensex [...]
Aditya Birla Capital on Thursday reported a 35 per cent increase in consolidated net profit to Rs 609 crore in the fourth quarter ended March 2023. The holding company for the financial services businesses of the Aditya Birla Group had earned a net profit was Rs 450 crore in the year-ago period. During the quarter, [...]
Siemens on Thursday posted a 61.9 per cent rise in its consolidated net profit from continuing operation to Rs 516 crore in the March quarter, mainly on the back of higher revenues. The company follows October to September financial year. "Profit after Tax (consolidated net profit) from continuing operations was at Rs 516 crore, an [...]
Private sector lender South Indian Bank on Thursday reported a 22.74 per cent increase in net profit at Rs 333.89 crore in the March 2023 quarter. The bank's net profit was Rs 272.04 crore in the year-ago period. The operating profit increased by more than 95 per cent to Rs 561.55 crore during the fourth [...]
German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio (6 [...]
Billionaire Gautam Adani's conglomerate is looking to raise USD 2-2.5 billion through an equity share sale in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short seller. Boards of two group companies will meet on May 13 to consider fundraising, according to stock exchange filings. [...]
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 reported a net profit of Rs 610 crore a year ago. Total revenue from operations rose [...]
