Media firm TV18 Broadcast Ltd on Tuesday reported a 63.05 per cent decline in its consolidated net profit to Rs 60.02 crore for the first quarter ended on June 30, 2022. The company had posted a net profit of Rs 162.44 crore for the April-June period of the previous fiscal, TV18 Broadcast said in a [...]
Wire and cable manufacturer Polycab India on Tuesday reported a surge of 201.91 per cent in its profit after tax to Rs 222.54 crore during the first quarter of FY23. In the corresponding quarter of FY22, the company's PAT (Profit After Tax) stood at Rs 73.71 crore, Polycab India said in a statement. Revenue from [...]
Reliance Jio cemented its lead in the Indian telecom market as it gained over 31 lakh mobile subscribers in May, as per data released by the sector regulator on Tuesday. Sunil Mittal-led Bharti Airtel added 10.27 lakh subscribers in May, taking its mobile user tally to 36.21 crore. According to monthly subscriber data by Telecom [...]
HDFC Life on Tuesday reported 21 per cent increase in net profit at Rs 365 crore for the first quarter of current fiscal year. The company had reported Rs 302 crore profit in April-June 2021-22. The total premium rose 21 per cent to Rs 9,396 crore during the quarter as compared with Rs 7,656 crore [...]
DCM Shriram Ltd on Tuesday reported a 61 per cent increase in its consolidated net profit at Rs 253.96 crore for the quarter ended June on higher income. Its net profit stood at Rs 157.87 crore in the year-ago period, according to a regulatory filing. Total income rose to Rs 2,999.90 crore in the first [...]
Tech-enabled logistics startup Shiprocket has acquired textile company Arvind's omnichannel technology business Omuni for about Rs 200 crore in a mix of cash and equity deal, the company said on Tuesday. The deal comes about a month after Shiprocket acquired a majority stake in logistics firm Pickrr for USD 200 million in a mix of [...]
Ola Electric on Monday announced the investment of USD 500 million for setting up its state-of-the-art Battery Innovation Centre (BIC) in Bengaluru. BIC will be one of the world's largest and most advanced cell R&D facilities with more than 165 "unique and cutting-edge" lab equipment to cover all aspects of cell related research and development, [...]
HeidelbergCement India on Monday reported 24.82 per cent decline in net profit at Rs 51.61 crore for June quarter 2022-23, impacted by an increase in operating cost. The company had reported a net profit of Rs 68.65 crore in April-June period a year ago, said HeidelbergCement in a BSE filing. However, revenue from operation increased [...]
India's largest telecom operator Reliance Jio Infocomm has submitted earnest money deposit (EMD) of Rs 14,000 crore ahead of its participation in 5G auction, while Bharti Airtel has put in Rs 5,500 crore. According to the list of pre-qualified bidders posted on the telecom department's website, the EMD amount of Adani Data Networks stands at [...]
Benchmark stock indices Sensex and Nifty spurted over 1 per cent at close on Monday following buying in IT, oil and gas and banking shares bolstered by firm global trends. Rising for a second straight session, the 30-share BSE Sensex rallied 760.37 points or 1.41 per cent to settle at 54,521.15. During the day, it [...]
