Technology services firm Tata Elxsi on Wednesday posted a 38.9 per cent increase in net profit at Rs 160 crore in the fourth quarter ended March 2022. The company had registered a net profit of Rs 115.16 crore in the year-ago period. The income from operations grew by 31.5 per cent to Rs 681.73 crore [...]
Domestic hospital industry revenue growth is likely to moderate in FY23 due to the large base in the previous fiscal, although income and profit margins are expected to remain healthy ahead, according to rating agency Icra. While occupancy is expected to slightly moderate in FY23 given the ongoing capacity addition, average revenue per occupied bed [...]
Mid-tier IT company Larsen & Toubro Infotech on Tuesday reported a 16.8 per cent jump in March quarter net profit to Rs 637.5 crore, driven by healthy growth in its revenue on higher deal flow. The company had recorded a net profit of Rs 545.2 crore a year ago. The revenue from operations increased by [...]
Mumbai, Apr 19 (PTI) Kairali Ayurvedic Group has budgeted Rs 100 crore investments towards domestic expansion and set a target of closing this fiscal with a Rs 100 crore topline. The group has pioneered the concept of ayurvedic spas by launching its maiden venture in Kerala's Palakkad district in the late 1990s.The group founder KV [...]
Mumbai, Apr 19 (PTI) Bengaluru-based agritech company Ergos The GrainBank on Tuesday said it aims to garner Rs 2,000 crore revenue by 2023-24 as well as expand its footprint to 650 locations. The company is looking to expand across Bihar, Karnataka, Maharashtra and Uttar Pradesh in the next one year. It clocked over Rs 142 [...]
Mumbai, Apr 19 (PTI) Jewellery retailer Malabar Gold and Diamonds on Tuesday said it aims to garner Rs 45,000 crore in revenue this fiscal on the back of company's robust retail expansion plans. It plans to open 97 showrooms, including 60 across India and 37 overseas. This will take the company's total showroom count to [...]
Mumbai, Apr 19 (PTI) Equity indices tripped in the last half-an-hour of trade on Tuesday to notch up losses for the fifth consecutive session as finance and IT counters continued to bear the brunt of heavy selling amid negative global cues. Russia ramping up its offensive in Ukraine, coupled with unabated foreign fund outflows, a [...]
Mumbai, Maharashtra, Bangalore, Karnataka, India – Business Wire India • The Bank’s highest ever quarterly disbursement in FY22 Q4, 14 per cent rise to INR 4,870 crore, coupled with quarterly improvement in asset quality parameters, PAR at 9.6 per cent down from 14.9 per cent; GNPA reduced to 7.1 per cent from 9.8 per cent [...]
New Delhi, Apr 18 (PTI) RailTel Corporation of India, a Mini Ratna central government PSU under the Ministry of Railways, has received a work order from Rail Vikas Nigam Limited (RVNL) worth Rs 11.57 crore for the installation of multi-protocol label switching (MPLS) virtual private networks (VPNs) at 33 locations across the country.According to the [...]
Mumbai, Apr 18 (PTI) ICICI Prudential Life Insurance is on course to meet the target of doubling the value of new business this fiscal from the FY19 levels, as the largest private-sector life insurer expects to continue the good run it had in FY22 and expand the margin by 22 per cent.It had nearly trebled [...]
