Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat [...]
Shares of luxury and premium watch retail player Ethos Ltd on Monday listed with a discount of 6 per cent against the issue price of Rs 878. The stock made its debut at Rs 830, registering a decline of 5.46 per cent from the issue price on the BSE. It further tumbled 9.24 per cent [...]
Realty firm Shriram Properties on Saturday reported a consolidated net profit of Rs 64.4 crore for the quarter ended March. Its net loss stood at Rs 3.15 crore in the year-ago period. Total income rose to Rs 236.5 crore in the fourth quarter of this fiscal year from Rs 157.33 crore in the corresponding period of [...]
Packaging materials and solution company Uflex Ltd on Saturday reported a 32.32 per cent growth in its consolidated net profit to Rs 350.59 crore for the fourth quarter ended on March 31, 2022. The company had posted a net profit of Rs 264.95 crore during the January-March quarter a year ago, Uflex said in a [...]
Diageo-controlled liquor maker United Spirits Ltd (USL) has announced the sale and franchising of over 30 popular brands to Singapore-based Inbrew Beverages for an estimated consideration of Rs 820 crore. The company has signed a sale and franchise agreement for select popular brands with Inbrew, a joint statement said. "USL and Inbrew have executed definitive [...]
IFB Industries reported a consolidated net loss of Rs 28.29 crore for fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 7.71 crore for January-March period a year ago, IFB Industries said in a regulatory filing. However, total income was up at Rs 904.86 crore during the quarter under [...]
Diversified entity ITC on Saturday said it has acquired a 10.07 per cent stake in Blupin Technologies Pvt Ltd, the company behind direct-to-consumer (D2C) brand, Mylo. The FMCG major in April had announced the acquisition of a 10.07 per cent stake in Blupin Technologies Pvt Ltd, for up to Rs 39.34 crore. "The Company has [...]
Cigarette maker Godfrey Phillips India Ltd on Saturday reported a 9.07 per cent increase in its consolidated net profit to Rs 103.88 crore for the January-March quarter of 2021-22. The company had posted a net profit of Rs 95.24 crore during the January-March quarter of the previous fiscal, Godfrey Phillips India said in a regulatory [...]
Mahindra & Mahindra on Saturday reported nearly five-fold jump in standalone profit at Rs 1,192 crore for quarter ended March 31, 2022. The company had posted a profit of Rs 245 crore for the year-ago period, it said in a statement. Revenue grew 28 per cent to Rs 17,124 crore in the period under review [...]
Inox Wind has reported widening of its consolidated net loss to Rs 255.76 crore for the March quarter, mainly due to lower revenues. The consolidated net loss of the company stood at Rs 105.87 crore in the quarter ended March 31, 2021, it said in a BSE filing. Total income in the quarter dropped to [...]
