Godrej Properties on Wednesday reported 58 per cent increase in consolidated net profit at Rs 412.14 crore for the quarter ended March 2023 on higher revenue driven by strong housing demand. Its net profit stood at Rs 260.47 crore in the year-ago period. Total income rose to Rs 1,838.82 crore in the fourth quarter of [...]
Tata group owned Air India on Wednesday announced entering into an interline pact with Vistara. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline. When selling an interline ticket, the operating airlines own flight numbers are used. The partnership allows Air India's passengers [...]
Edible oil major Adani Wilmar on Wednesday reported 60 per cent decline in consolidated net profit at Rs 93.61 crore for the quarter ended March 2023 on lower revenue. Its net profit stood at Rs 234.29 crore in the year-ago period. Total income fell to Rs 13,945.02 crore in January-March 2022-23 from Rs 14,979.83 crore [...]
Fincare Small Finance Bank Ltd has refiled its preliminary IPO papers with market regulator Sebi after updating documents on financial earnings for fiscal 2022-23. This came after the Securities and Exchange Board of India (Sebi) returned the small finance draft IPO (Initial Public Offering) papers on March 3 and asked the company to refile the [...]
Airtel Payments Bank on Tuesday said it has collaborated with the National Payments Corporation of India (NPCI) to roll out face authentication for the Aadhaar-enabled Payment System at its 5 lakh banking points. Airtel Payments Bank is among the first four banks to offer face authentication for AePS (Aadhaar-enabled Payment System). "We are delighted to [...]
Benchmark indices fell in early trade on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve's interest rate decision and weak global market trends. Also, fall in index majors Reliance Industries, ICICI Bank, Infosys and HDFC added to the weak trend in equities. The 30-share BSE Sensex declined 330.27 points to [...]
State-owned NMDC Ltd on Tuesday reported an 11.42 per cent rise in its iron ore production of 3.51 million tonne (MT) in April 2023. It produced 3.15 MT of iron ore in the same month last year, NMDC said in a BSE filing. Last month, the company's sales rose by around 10 per cent to [...]
Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to "serial failure" of Pratt & Whitney engines resulting in grounding of 50 per cent of the fleet and is no longer in a position to continue to meet its financial obligations. The latest move by the Wadia group-owned [...]
State-owned NTPC Ltd on Tuesday reported an over two-fold jump in production of coal from its captive mines at 2.75 million metric tonnes in April 2023. "NTPC recorded 2.75 million metric tonnes (MMT) of coal production during the month of April 2023 as compared to 1.11 MMT recorded for the month of April 2022," a [...]
Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, firm trend in Asian gauges and record GST collection in April added to the optimism. Rallying for the eighth straight day, the 30-share BSE Sensex climbed 242.27 points or 0.40 per cent to [...]
