An Indian multinational pharmaceutical firm with its headquarters in Ahmedabad, Zydus Lifesciences Limited, formerly Cadila Healthcare Limited, specializes in the production of generic medications. In 2020, the company was listed as number 100 on the Fortune India 500 list. Zydus Lifesciences Ltd on Friday reported over two-fold rise in consolidated net profit at Rs 1,086.9 [...]
Allcargo Logistics Ltd on Friday reported a 54 per cent fall in consolidated Profit After Tax (PAT) at Rs 119 crore for the June quarter 2023-24. In the year-ago period, the PAT was at Rs 260 crore, the company said in a statement. Revenue during the quarter under review fell a steep 40 per cent [...]
The General Insurance Business (Nationalisation) Act, 1972 (GIBNA) effectively nationalized the entire general insurance industry in India. Through nationalization, the Government of India (GOI) acquired the stock in 55 Indian insurance companies as well as the obligations of 52 insurers engaged in the general insurance business. GIC Re on Thursday reported a 6.1 per cent [...]
Suryoday Small Finance Bank on Thursday reported a six-fold jump in net profit to Rs 47.6 crore for the first quarter of the current financial year, helped by a decline in bad loans. The lender had reported a net profit of Rs 7.8 crore in the April-June quarter of 2022-23. Its total income increased to [...]
About Greaves Cotton Limited: Greaves Cotton Limited (GCL) is a diversified multi-product and multi-location engineering Company with a rich legacy and brand trust of over 163 years. The Company is a leading name in Fuel Agnostic Powertrain Solutions, E-Mobility, Aftermarket & Retail. The ' Company's diversification strategy is driven by customer-centricity and sustainability. GCL is [...]
Life Insurance Corporation of India (LIC) on Thursday reported a multifold jump in its April-June quarter net profit to Rs 9,544 crore. The state-run life insurance behemoth had a net profit of Rs 683 crore in the year-ago period. The total income increased to Rs 1,88,749 crore for the June quarter as against Rs 1,68,881 [...]
Torrent Power on Thursday posted over six% year-on-year rise in consolidated net profit at Rs 532.28 crore in the June quarter, mainly on the back of higher revenues. The company had reported consolidated net profit of Rs 502.01 crore a year ago, a regulatory filing said. Total income of the company rose to Rs 7,413.32 [...]
Aditya Birla Group firm Grasim Industries on Thursday reported a decline of 6.61 per cent in consolidated net profit at Rs 2,576.35 crore for the June quarter, impacted by softening of realisations in domestic business and its subsidiary UltraTech Cement. The company had posted a net profit of Rs 2,758.75 crore during the April-June quarter [...]
Hinduja Global Solutions' net profit more than halved to Rs 16.63 crore in just ended June quarter, compared to the year-ago period, hurt by reduction in other income. The total income stood at Rs 1,247.6 crore during the first quarter ended June 2023, compared to Rs 1,321.33 crore in the same period of the previous [...]
Ride-hailing company Ani Technologies Pvt Ltd, popularly known as Ola Cabs, saw its loss widening to Rs 3,082 crore in 2021-22, according to financial data accessed by business intelligence platform Tofler. The company's losses have more than doubled on a year-over-year basis, the data showed. "Ani Technologies Pvt Ltd, an online transportation network company (popularly [...]
