State-owned Power Grid Corporation of India (PGCIL) on Monday said its consolidated net profit dipped over 36 per cent to Rs 3,801.19 crore in the April-June quarter of FY23. The consolidated net profit of the company was Rs 5,998.28 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of [...]
Ircon International Ltd on Monday reported a 62.46 per cent rise in consolidated profit after tax at Rs 144.57 crore in the first quarter ended June. The company had posted consolidated profit after tax of Rs 88.99 crore in the year-ago period, Ircon International said in a statement. The consolidated revenue of the company during [...]
Shares of Hindustan Petroleum Corporation Ltd (HPCL) on Monday dropped nearly 5 per cent after the firm reported its highest-ever quarterly net loss of Rs 10,196.94 crore in the June quarter. The stock fell 4.65 per cent to end at Rs 239.05 apiece on the BSE. During the day, the stock declined 6.22 per cent [...]
Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present, according to a senior company official. The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata [...]
Equity benchmark Sensex jumped over 465 points on Monday, tracking gains in index majors HDFC twins and Reliance Industries amid positive global market trends. The 30-share BSE gauge climbed 465.14 points or 0.80 per cent to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93 per cent to 58,934.90. The broader NSE [...]
Equity mutual funds attracted Rs 8,898 crore in July, a sharp decline of 43 per cent from the preceding month, amid volatile market conditions. Although, this was the 17th straight month of positive inflow in equity schemes. The net inflows in July were lower compared to the net inflow of Rs 15,495 crore seen in [...]
Adani Ports and Special Economic Zone (APSEZ) on Monday reported a 16.86 per cent decline in consolidated net profit to Rs 1,091.56 crore for the first quarter of the current financial year. The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,312.9 crore in the corresponding period a year ago, [...]
Fincare Small Finance Bank has refiled preliminary papers with Sebi to raise funds through an Initial Public Offering (IPO). This fresh filing comes as the capital markets regulator's one-year approval given to the lender to launch an IPO expired last month. Under the rules, a firm gets one year to hit the primary market after [...]
The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday. Addressing the inaugural event of the International Telecommunication Union's Regional Standardisation Forum (RSF) for Asia and Oceania region, Chauhan said India is likely to deploy indigenously developed and manufactured 5G [...]
Shares of State Bank of India (SBI) on Monday fell over 3 per cent in the morning trade after it posted a 7 per cent decline in standalone net profit for the first quarter of the current financial year. The stock declined 3.13 per cent to Rs 514 on the BSE. At the NSE, it [...]
