Equity indices chalked up losses for the second straight session on Monday, in tandem with a bearish trend overseas as ratcheting up of hostilities in Ukraine and prospects of further rate hikes by the US Fed soured global risk sentiment. The rupee slipping to another all-time low against the US dollar amid foreign fund outflows [...]
Equitas Small Finance Bank on Friday said its gross advances grew by 20 per cent to Rs 22,802 crore at end of September 2022 quarter. The Bank's gross advances in the year-ago period of September 2021 stood at Rs 18,978 crore. During the second quarter ended September 2022-23, the Bank's disbursements were up by 22 [...]
German luxury carmaker Audi on Friday reported a 29 per cent growth in retail sales at 2,947 units in the January-September period of this year in India. Audi India had retailed 2,291 units in the same period last year. The growth was driven by the new A8 and Q7, coupled with continued demand for the e-tron [...]
Bajaj Auto on Monday reported 2 per cent dip in total sales at 3,94,747 units for September 2022 as compared to the year-ago period. In September last year, the company clocked sales of 4,02,021 vehicles. Total two-wheeler sales last month declined 4 per cent to 3,48,355 units from 3,61,036 units in the same month last [...]
KEC International, a global infrastructure engineering, procurement and construction major, on Wednesday said it has bagged new orders totaling over Rs 1,100 crore in various business segments. The company said its transmission & distribution (T&D) business has secured orders for building a 400 kV digital GIS substation order from Power Grid Corporation of India Limited [...]
Tata Motors expects 20 per of its total passenger vehicle sales in the domestic market to come from electric vehicles in the next three years, a senior company official said on Thursday. The company, which has electric models such as Nexon EV and Tigor EV, expects to touch 50,000 units mark in total EV sales [...]
Future Enterprises on Wednesday said its consolidated net loss widened to Rs 2,295.90 crore in the fourth quarter ended March 2022 due to factors including failure of the deal with Reliance, attrition of employees and litigations. The company had posted a consolidated net loss of Rs 281.76 crore in the January-March quarter a year ago, [...]
Edtech major Think & Learn, which operates under Byju's brand name, on Wednesday said its gross revenue jumped over four-fold to Rs 10,000 crore in FY22, while its losses in FY21 widened to Rs 4,588 crore. The company had registered a revenue of Rs 2,428 crore in FY21. Byju's losses widened to Rs 4,588 crore [...]
Breakfast cereal producer Kellogg India's revenue from operation was up 14.12 per cent in 2021-22 to Rs 1,332 crore as compared to the previous year. Its profit after tax in FY22 jumped 42.94 per cent to Rs 102.51 crore as against Rs 71.71 crore a year ago, as per the data provided by business intelligence platform [...]
Helped by an increase in demand for cooling products due to intense summer this year, Tata group firm Voltas has sold around 1.4 million units of residential air conditioners till August this year. Voltas crossed this one-million-plus sales mark for the seventh consecutive year in a row, the company said a statement. The company sold [...]
