Public sector UCO Bank on Tuesday reported an 86.2 per cent rise in net profit to Rs 581.24 crore for the March 2023 quarter on the back of a reduction in bad loans. The bank reported a profit of Rs 312.18 crore in the January-March quarter of 2021-22. UCO Bank has posted its highest-ever annual [...]
CIL, the world's largest coal miner, on Tuesday said coal production rose 7.7 per cent in April and supplies to users shot up just as summer began. In a statement, Coal India Ltd (CIL) said it logged an impressive 31 per cent growth in overburden removal (OBR) in April compared to the same month a [...]
Bajaj Auto Ltd on Tuesday reported a 7 per cent increase in total sales at 3,31,278 units in April 2023, as compared to the same month last year. The company had posted a total sales of 3,10,774 units in April 2022, Bajaj Auto said in a regulatory filing. The total two-wheeler sales rose 2 per [...]
Mahindra & Mahindra on Tuesday said its total sales increased by 36 per cent to 62,294 units in April. The company's total dispatches to dealers stood at 45,640 units in April 2022. The company's passenger vehicle wholesales in the domestic market rose by 54 per cent to 34,698 units last month against 22,526 in April [...]
Cyient, an Engineering and Technology solutions company, on Tuesday announced that a case brought by the US Department of Justice against an executive of the company on grounds of violation of Sherman Act for alleged 'No-Poach' agreement, has been dismissed mid-trial by a federal court. A press release from the company said the case was [...]
India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and [...]
Adani Green Energy on Monday posted a four-fold rise in its consolidated net profit to Rs 507 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated net profit of the company was Rs 121 crore in the quarter ended on March 31, 2022, a BSE [...]
Equity benchmarks climbed in early trade on Tuesday amid continuous foreign fund inflows and record GST collection in April. Also, a largely firm trend in Asian gauges and buying in index major Reliance Industries and IT counters added to the optimism. The 30-share BSE Sensex climbed 276.61 points to 61,389.05 in early trade. The broader [...]
Hospitality major IHCL on Thursday reported a four-fold rise in its consolidated net profit in the fourth quarter ended March at Rs 338.84 crore, as against Rs 71.57 crore a year-ago. During the entire financial year of 2022-23, the company swung into a profit of Rs 1,052.83 crore, from a loss of Rs 264.97 crore [...]
The Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with Dabur Nepal, a subsidiary of Dabur India, paving the way for the Indian multinational company to inject Rs 9.68 billion additional investment in its projects. The IBN, a government of Nepal entity, and Dabur Nepal inked the MoU to build, operate [...]
