Engine and power equipment maker Cummins India on Thursday reported a marginal growth in its standalone profit after tax at Rs 189.15 crore in the quarter ended March, 2022. The company had posted a standalone PAT (Profit After Tax) at Rs 185.69 crore in the year-ago quarter, Cummins India Limited said. Sales from operations stood [...]
Torrent Pharmaceuticals on Thursday said it has inked a pact to acquire four brands from Dr Reddy's Laboratories. The Ahmedabad-based drug firm has entered into an agreement with Dr Reddy's Laboratories to acquire four of its brands -- Styptovit-E, Finast, Finast-T and Dynapress, Torrent Pharma said in a statement. Financial details were not disclosed. Styptovit-E, a [...]
Kirloskar Industries Ltd on Thursday reported a consolidated loss of Rs 44.20 crore for the quarter ended March 31, 2022. The company had reported a profit of Rs 133.73 crore in the year-ago period, Kirloskar Industries Ltd (KIL) said in a statement. Total revenue during the reporting quarter, however, rose 39 per cent to Rs [...]
Drug firm JB Chemicals and Pharmaceuticals (JBCL) on Thursday said its consolidated profit after tax declined by 16 per cent to Rs 85 crore in the fourth quarter ended March. The company had reported a Profit After Tax (PAT) of Rs 101 crore in the March quarter of 2020-21. Revenues in the fourth quarter increased [...]
The Reserve Bank will opt for a larger, 0.50 per cent, hike in key rates at its next monetary policy review in June to protect medium term economic stability in face of the uncomfortable inflation situation, a British brokerage said on Thursday. The central bank will likely revise its inflation estimate to 6.2-6.5 per cent, [...]
Oberoi Realty on Thursday reported a 19 per cent decline in consolidated net profit at Rs 232.65 crore for the March quarter due to higher expenses. Its net profit stood at Rs 286.85 crore in the year-ago period. Total income rose to Rs 842.94 crore for the quarter under review as against Rs 800.87 crore [...]
State-owned Union Bank of India (UBI) on Thursday said its board of directors has approved raising up to Rs 8,100 crore by issuing equity shares through various modes. The board of directors, in its meeting held on May 26, considered and approved raising of equity capital not exceeding Rs 3,800 crore, within the overall limit [...]
The initial public offer of speciality chemicals company Aether Industries was subscribed 6.26 times on the final day of subscription on Thursday, helped by a strong interest from institutional buyers. The initial share sale received bids for 5,85,34,586 shares against 93,56,193 shares on offer, according to the NSE data. The portion meant for qualified institutional [...]
Piramal Enterprises Ltd on Thursday reported a consolidated net profit of Rs 150.53 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net loss of Rs 510.39 crore in the same period previous fiscal, Piramal Enterprises Ltd (PEL) said in a statement. Consolidated revenue from operations during the quarter [...]
Agrochemicals maker Insecticides India Ltd (IIL) on Thursday posted 2.52 per cent increase in consolidated net profit at Rs 22.33 crore for fourth quarter of 2021-22 on higher income. The company had logged a net profit of Rs 21.78 crore in the same quarter of previous fiscal year, according to a regulatory filing. Total income [...]
