Tata Power on Tuesday posted a nearly 90 per cent jump in its consolidated net profit to Rs 883.54 crore for the April-June quarter of the current fiscal driven by higher income. The company had posted a net profit of Rs 465.69 crore in the same quarter of 2021-22, Tata Power said in a BSE [...]
Shares of Ujjivan Small Finance Bank on Tuesday jumped nearly 10 per cent after the company reported its highest-ever quarterly profit in the June quarter at Rs 203 crore. The stock climbed 9.77 per cent to Rs 19.10 -- its highest trading permissible limit for the day -- on the BSE. On the NSE, it [...]
The trade volume on the Indian Energy Exchange (IEX) grew 10 per cent to 23.4 billion units in June quarter mainly due to rise in power consumption in the country during the period. The trade volume in the quarter comprised 20.64 billion units (BU) in the conventional power market, 1.52 BU in the green market [...]
Benchmark BSE Sensex and Nifty closed lower by nearly 1 per cent on Tuesday amid fresh foreign fund outflows and mixed global trends. The 30-share BSE benchmark fell by 497.73 points or 0.89 per cent to settle at 55,268.49, extending its losses for second straight day. During the day, it tanked 562.79 points or 1 [...]
Bajaj Auto on Tuesday reported a marginal decline in consolidated net profit at Rs 1,163 crore for June quarter 2022-23 as chip shortage impacted sales. The Pune-based firm had posted a net profit of Rs 1,170 crore in April-June period a year ago. Total revenue from operations rose to Rs 8,005 crore in the quarter [...]
Equity benchmark indices continued to fall for the second day running on Tuesday with the BSE Sensex sliding 283 points in early trade amid foreign funds outflow and mixed trends in global markets. The 30-share BSE benchmark fell 282.85 points to 55,483.37. The broader NSE Nifty declined 88.8 points to 16,542.20. Among the Sensex constituents, [...]
Domestic steel major Tata Steel on Monday posted a 21 per cent fall in its consolidated net profit to Rs 7,714 crore for the April-June quarter due to higher costs of materials and finance costs. The company had reported a net profit of Rs 9,768 crore in the same period of 2021-22, the company said [...]
Future Supply Chain Solutions Ltd on Monday reported a net loss of Rs 624.22 crore for the fourth quarter ended March this year. The loss was mainly on account of credit loss from group firm Future Retail Ltd (FRL) which is now facing insolvency proceedings. The company reported a net profit of Rs 47.87 crore [...]
Tech Mahindra on Monday reported a 16.4 per cent slide in its consolidated net profit at Rs 1,132 crore for the June 2022 quarter. The Mahindra group company, which is the fifth biggest IT exporter in the country, had posted a net profit of Rs 1,353 crore in the year-ago period. For the reporting quarter, [...]
Benchmark indices fell on Monday with the BSE Sensex declining 306 points, mainly dragged down by Reliance Industries. Foreign funds outflow also added to the overall bearish trend in equities on Monday. The 30-share BSE benchmark fell 306.01 points or 0.55 per cent to settle at 55,766.22. During the day, it declined 535.15 points or [...]
