Orient Green Power Company Ltd (OGPL) on Wednesday reported a 43 per cent decline in its consolidated net profit at Rs 33.80 crore in the July- September quarter of FY23. The consolidated net profit of the company was Rs 59.65 crore in the quarter ended on September 30, 2021, a BSE filing stated. Total income [...]
Malaysia's AirAsia on Wednesday said it has entered into a pact with Air India to sell its remaining stake in budget carrier AirAsia India. Tata group and the Malaysian entity-owned AirAsia India started flying in June 2014. In a statement, AirAsia Aviation Group Ltd said it has entered into a share purchase agreement to sell [...]
Adani Transmission on Wednesday reported a 32 per cent dip in its consolidated net profit at Rs 194 crore in September quarter compared to year ago, mainly due to adverse forex movement adjustment. The company explained in a statement that in the second quarter of FY23, consolidated PAT (profit after tax) or net profit of [...]
Telecom operator Bharti Airtel on Wednesday said it has surpassed 1 million customers on 5G network within 30 days of its commercial launch even while the network is being built. Earlier, Airtel had announced phase wise roll-out of its 5G services in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi. The services in these [...]
Mahindra Holidays & Resorts India Ltd on Wednesday reported a 30 per cent decline in consolidated profit after tax to Rs 41.39 crore for the second quarter ended September 30, impacted by higher expenses. The company had posted a consolidated profit after tax of Rs 59.76 crore in the same period last fiscal, Mahindra Holidays [...]
Akasa Air will start flights from Bengaluru to Pune from November 23, making the city the ninth destination in the new airline's network. The carrier, which started operations on August 7, expects to cross some 58 daily flights and 400 weekly flights by the end of November, a release said on Wednesday. Owing to rising [...]
US-based private equity major Bain Capital on Tuesday divested 0.54 per cent stake in private sector lender Axis Bank for Rs 1,487 crore through an open market transaction. According to bulk deal data available with BSE, the private equity firm sold 1,66,80,000 shares, amounting to 0.54 per cent stake in the company. The shares were [...]
UPL on Tuesday said its consolidated net profit rose 25.19 per cent to Rs 969 crore in the second quarter of FY23 on strong sales, and also announced that founder Rajju Shroff has stepped down as CMD. The agro-chemical company had posted a consolidated net profit of Rs 774 crore during the second quarter previous [...]
Tata Group firm Tejas Networks will invest over Rs 750 crore under design-led Production Linked Incentive (PLI) scheme for manufacturing of telecom and networking products, the company said on Tuesday. Tejas Networks is one of the 42 companies selected for the scheme. "In its application, the company has committed to make a minimum cumulative capital [...]
Infosys will seek shareholders' nod for its proposed Rs 9,300 crore share buyback between November 3 to December 2 through postal ballot, the company said in a regulatory filing. The Infosys board on October 13 had announced a share buyback of Rs 9,300 crore via the open market route, for a price not exceeding Rs [...]
