RBL Bank on Thursday reported a net profit of Rs 201.16 crore on a standalone basis for the quarter ended June as a fall in bad assets helped slash the provisioning requirements. There was a net loss to the tune of Rs 459.47 crore in the same quarter a year ago. Compared sequentially, the net [...]
RP Sanjiv Goenka group's carbon black major PCBL Ltd on Thursday said it registered a 21 per cent jump in consolidated net profit to Rs 126 crore for the first quarter period ended June 2022, compared to corresponding period profit of Rs 104 crore posted in the previous year. The revenue for the quarter was [...]
Contract manufacturing services firm Syngene International on Wednesday reported a 4 per cent decline in profit after tax to Rs 74 crore for the first quarter ended June 2022. The company had posted a PAT of Rs 77 crore in the April-June quarter of last fiscal. Its revenue from operations rose to Rs 644 crore [...]
Shriram Properties Ltd on Wednesday reported a 26 per cent growth in its sales bookings at Rs 313 crore for the June quarter on better demand and low base effect. The Bengaluru-based company, in a statement, said that its sales bookings in volume terms rose 20 per cent to 0.66 million square feet in the [...]
Diversified conglomerate ITC Limited on Wednesday said that the company will continue to deliver robust growth despite key concerns such as inflation. Speaking at the company's AGM virtually, CMD of ITC Sanjiv Puri said that in the FMCG space, the firm has nurtured 25 brands and the newer ones will garner an annual consumer spend [...]
The government on Wednesday slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates. It scrapped a Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4. Besides, the tax on diesel has been [...]
Mortgage lender HDFC Ltd on Tuesday said it has sold a portion of the shares of Ansal Housing which it had acquired by way of invocation after the housing construction company failed to pay its loan dues. Details about HDFC's loan exposure to Ansal were not provided. On June 16, Housing Development Finance Corporation (HDFC [...]
Canara Bank on Tuesday said it has raised Rs 2,000 crore by issuing Basel III compliant additional tier I bonds this month. The bank came out with the issuance of Rs 2,000 crore of additional tier-I bonds on July 15, 2022. "The bank received total bid amount of Rs 5,719 crore, out of which full [...]
Facing criticism over GST on daily use items, Finance Minister Nirmala Sitharaman on Tuesday said the 5 per cent tax is being levied on wheat flour and other items after nod from all states, including non-BJP ruled states. Non-BJP ruled states of Punjab, Chhattisgarh, Rajasthan, Tamil Nadu, West Bengal, Andhra Pradesh, Telangana and Kerala had [...]
Manali Petrochemicals Ltd, manufacturer of polyols and part of the AM International Group, Singapore has signed a commercial agreement with United Kingdom-based Econic Technologies to manufacture eco-friendly polyols, the company said on Tuesday. The agreement further strengthens the MPL-Econic partnership and the tie-up would offer significant upside across MPL's business value chain. The innovative technology [...]
