Brookfield India Real Estate Trust (Biret), the only 100 per cent institutionally-managed Reit in the country, on Wednesday announced Rs 170 crore or Rs 5.10 per unit dividend for the March quarter, taking the total cumulative payout to Rs 690 crore or Rs 22.10/unit for the full fiscal 2022. The company said it has generated [...]
Westlife Development Ltd which owns Hardcastle Restaurants, the Master Franchisee of McDonald's restaurants for west and south India, on Wednesday reported a consolidated net profit at Rs 15.06 crore for the fourth quarter ended March 2022. The company had posted a net loss of Rs 6.03 crore in the January-March quarter a year ago, Westlife [...]
Inflows in the mutual fund industry through systematic investment plans or SIPs reached over Rs 1.24 lakh crore in the financial year 2021-22, a jump of 30 per cent from the preceding fiscal, suggesting growing popularity of the route among retail investors to generate long term wealth. In comparison, an inflow of Rs 96,080 crore [...]
Sun Pharma on Wednesday said it is planning to launch a medication to reduce low-density lipoprotein (LDL) cholesterol. The Mumbai-based drug major said one of its wholly-owned subsidiaries plans to launch a first-in-class oral drug, Bempedoic Acid, in India for reducing LDL cholesterol. The company will launch the drug under the brand name Brillo. The [...]
Crisis-hit Sri Lanka on Wednesday revealed that it does not have foreign exchange to pay for a vessel of petrol anchored in its waters for nearly two months as it appealed to citizens "not to wait in line" for fuel. However, the country has received sufficient stocks of diesel, the government said. Since March 28, [...]
Sugar manufacturer EID Parry (India) Ltd reported a standalone profit after tax for the quarter ending March 31, 2022 at Rs 225.12 crore, the company said on Wednesday. The standalone profit after tax was at Rs 168.60 crore during the corresponding quarter in the previous year. For the year ending March 31, 2022, standalone profit [...]
Infrastructure firm Tata Projects Ltd on Wednesday announced the appointment of Vinayak Pai as its CEO and managing director designate. Pai has been recently inducted into the company's board as executive director. Before joining Tata Projects, Pai was the group president at Worley, based out of Hague, the Netherlands, the company said in a statement. [...]
The finance ministry will clarify doubts on the applicability of new TDS provision regarding benefits or perquisites received in a business or profession, a senior tax official said on Wednesday. Joint Secretary in the finance ministry Kamlesh C Varshney said that such benefits and perquisites are income and were always taxable whether received in cash [...]
Foods & Inns Limited, one of the largest pioneers of food processing industry in India has announced robust financial numbers in FY22. HIGHLIGHTS OF STANDALONE BUSINESS Standalone Financials FY22 vs FY21 (Y-o-Y basis) 1. The Revenue from Operations of the Group has increased to INR 616.49 Crores from INR 356.57 Crores in FY'21. The Revenue [...]
The advent of 5G and new services that it would usher, will spawn fresh job opportunities in the market, requiring suitable skilling of manpower in new technologies, Telecom Secretary K Rajaraman said on Wednesday. Rajaraman, who was speaking at an event of Telecom Sector Skill Council (TSSC), said that from BharatNet to space communications, and [...]
