Brookfield India Real Estate Trust on Monday reported a 48 per cent rise in its net operating income to Rs 241.3 crore for the quarter ended September 30 and announced a distribution of Rs 170.89 crore to unitholders. Its net operating income (NOI) stood at Rs 162.8 crore in the year-ago period. In a regulatory [...]
Around 32 lakh weddings are expected to be solemnised in India between November 4 and December 14, which will generate businesses to the tune of Rs 3.75 lakh crore for the country's trading community, CAIT said on Monday. The Confederation of All India Traders (CAIT) based its assessment on a survey conducted by its research [...]
Ujjivan Small Finance Bank (SFB) on Monday reported its highest-ever quarterly profit at Rs 294 crore in the September quarter, led by a strong disbursal growth and fall in bad loans. The bank had posted a net loss of Rs 274 crore in the year-ago period. However, compared sequentially, the net profit was up by [...]
India Cements Ltd on Monday reported a consolidated net loss of Rs 113.26 crore for the second quarter ended September 2022. The company had posted a net profit of Rs 29.75 crore during the July-September quarter of the previous fiscal, India Cements said in a regulatory filing. Its revenue from operations was up 7.46 per [...]
Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price band of Rs 61-65 per share for its Rs 740-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 11 and conclude on November 15, and the bidding for anchor investors will open on November 10, the [...]
Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore (about USD 30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC. Tirumala Tirupati Devasthanams, keeper of the temple dedicated to Tirupati's presiding deity, for the [...]
Reliance Industries is set to acquire German retailer METRO AG's Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said. This is going [...]
Sugar firm Triveni Engineering & Industries Ltd on Saturday reported a multi-fold jump in its consolidated profit to Rs 1,387.76 crore for the quarter ended September on one-off gains. Its net profit stood at Rs 92.47 crore in the year-ago period. Total income rose to Rs 1,483.33 crore in the second quarter of this fiscal [...]
State-owned Bank of Baroda on Saturday reported a jump of 59 per cent in its net profit to Rs 3,313 crore for the second quarter ended September on the back of a decline in bad loans and rise in interest income. The lender had posted a net profit of Rs 2,088 crore in the corresponding [...]
Private sector DCB Bank on Saturday posted a 73 per cent jump in net profit at Rs 112 crore for the quarter ended September 2022 on the back of reduction in bad loans. The bank had reported a profit of Rs 63 crore in the year-ago period. Total income of the lender during the July-September [...]
