The Investment Board Nepal (IBN) on Thursday signed a Memorandum of Understanding (MoU) with Dabur Nepal, a subsidiary of Dabur India, paving the way for the Indian multinational company to inject Rs 9.68 billion additional investment in its projects. The IBN, a government of Nepal entity, and Dabur Nepal inked the MoU to build, operate [...]
IT company LTIMindtree on Thursday posted a 0.5 per cent year-on-year rise in consolidated net profit to about Rs 1,114 crore for the March 2023 quarter. Seen sequentially, the net profit grew 11.3 per cent over the December quarter. The revenue from operations for the just-ended quarter stood at Rs 8,691 crore, which translated into [...]
Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ended March 2023. The company had posted a profit of Rs 396.33 crore in the January-March quarter a year ago, said ACC, now a part of Adani Cement, in a [...]
Trent, the Tata group's retail arm, on Thursday declared a 40.4 per cent on-year jump in standalone net profit in the fourth quarter ended March 2023 at Rs 105.13 crore, on robust sales along with margin expansion. For the full year, standalone net income more than doubled (122.15 per cent) to Rs 554.57 crore, while [...]
Shriram Finance on Thursday reported over 25 per cent jump in net income at Rs 1,308.31 crore in the March quarter, as against Rs 1,086.13 crore in the trailing 12 months period, on robust net interest income which almost doubled. Shriram Finance is the new entity after the merger of Shriram Transport Finance Company, Shriram [...]
Markets regulator Sebi on Thursday barred Karvy Investor Services Ltd (KISL) from taking new clients for allegedly violating regulatory norms. The order came after Sebi carried out an physical inspection for the purpose of verifying its compliance status with various regulatory requirements while handling the public issues of debt securities during FY 2021-22. In a [...]
Equity benchmark indices declined in initial trade on Friday in a highly volatile trade as investors preferred to stay on the sidelines after a four-day rally in the markets. The 30-share BSE Sensex declined 73.79 points to 60,575.59. The broader NSE Nifty dipped 17.85 points to 17,897.20. From the Sensex firms, Bajaj Finserv, Asian Paints, [...]
Shares of KPIT Technologies gained 4.78% on Thursday to reach a fresh 52-week high of ₹ 948.80 apiece on the National Stock Exchange (NSE) after it reported healthy results. The company’s shares closed at ₹ 920.00 apiece. KPIT Technologies’ total income grew by 53% to ₹ 1,023.62 crores in the January to March quarter (Q4FY23), [...]
A company is said to be ‘Fundamentally Strong’ when it has multiple and robust business operations involved and can bank on its liquidity positions for short as well as long-term requirements. Moreover, such type of companies would be able to survive in a scenario of financial crisis in the markets and have a competitive edge [...]
B2B e-commerce company udaan on Thursday said it has entered into a partnership with Reliance Consumer Products for pan-India distribution of beverage brand Campa's range of products. RCPL's (Reliance Consumer Products Ltd) range of Campa beverages will be initially available in over 50,000 retailers and kirana stores, which will gradually expand to over 1 lakh [...]
