Asset management companies added 51 lakh investor accounts in June quarter, taking the total tally to 13.46 crore, on increasing awareness about mutual funds and ease of transactions through digitisation, and experts hope the ongoing financial year to be promising too. In comparison, 93 lakh accounts (or folios in mutual fund parlance) were opened in [...]
Tata Motors on Friday said its global wholesales, including that of Jaguar Land Rover, rose 48 per cent to 3,16,443 units in the first quarter of the current fiscal. The auto major had dispatched 2,14,250 units to dealers in the April-June quarter of 2021-22. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo [...]
Leading multiplex chain operator PVR expects the movie exhibition industry to bounce back "dynamically" in FY23 and plans to open as many as 125 screens during the year, its highest ever tally in a year. According to the company's latest annual report, PVR, which is merging with rival Inox Leisure, expects the process to be [...]
Capital markets regulator Sebi's total income marginally grew to Rs 826 crore in 2020-21, mainly due to increase in earnings from investments and fees. Also, the total expenditure of the regulator rose to Rs 667.2 crore for the year ended March 31, 2021, from Rs 588.14 crore in the previous fiscal, according to the annual [...]
Indowind Energy Ltd on Friday posted a consolidated net loss of Rs 1.05 crore for the quarter ended March 31, 2022. In a regulatory filing, the company said it had clocked Rs 61.26 lakh net profit in January-March 2020-21. However, total income during the quarter under review rose to Rs 7.59 crore from Rs 2.58 [...]
Spain's Inditex, which owns luxury fashion brand Zara, posted a net profit of Rs 148.76 crore and revenue of Rs 1,815 crore for the financial year ended on March 31, 2022, according to the latest annual report of Trent Ltd. In FY21, Inditex Trent Retail India Private Ltd (ITRIPL), a JV which is engaged in [...]
Coffee chain operator Tata Starbucks Ltd has reported a 76 per cent growth in revenue to Rs 636 crore for 2021-22 and "significantly" reduced its net loss, driven by normalisation of operations following easing of COVID-related restrictions. Its revenue growth was led by higher realisation from existing stores and new stores added during the financial [...]
State-owned NMDC has registered over 14 per cent growth in its iron ore production at 3.2 million tonnes (MT) in May, the Ministry of Steel said on Thursday. NMDC had produced 2.8 MT of iron ore in May 2021. "Our consistent growth in production has not only made NMDC the fastest growing iron ore mining [...]
TVS Motor Company on Wednesday reported total sales of 3,02,982 units in May. The company had posted a total sales of 1,66,889 units in the same month last year, TVS Motor Company said in a statement. The year-on-year growth is not comparable due to the low base of sales in May 2021, because of the [...]
Textile Manufacturer Trident Limited has reported a 137.1% jump in consolidated net profit to ₹ 181.25 crores for the fourth quarter ended March 2022. The company had clocked a net profit of ₹ 76.45 crores during the January-March quarter of 2020-21. During the quarter under review, the company’s net sales rose to ₹1,869.85 crores from [...]
