Homegrown navigation firm MapmyIndia on Monday said it has acquired 11.11 per cent strategic stake in drone startup Indrone for about Rs 3 crore. With this deal, MapmyIndia and Indrones will jointly offer drones and drone-based solutions across all use cases, including surveying, mapping, inspections and real-time monitoring. "This is further to our letter dated [...]
Shares of Adani group companies settled lower on Monday, with flagship company Adani Enterprises witnessing a 7 per cent slump after credit rating firm Moody's revised the rating outlook on four companies of the conglomerate to 'negative' from 'stable'. Amid volatile trading in the market, shares of the group companies closed in the red. "Adani [...]
Kalpataru Power Transmission will seek shareholders' approval to appoint Shailendra Kumar Tripathi as its Deputy Managing Director. As per a postal ballot notice, the company proposes to appoint Tripathi as Deputy Managing Director for the period January 4, 2023 to October 21, 2025. It has also proposed combining monetary limits sanctioned by shareholders of the [...]
Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter. The company had posted a net loss of Rs 46.50 crore in the October-December period a year ago, Future Consumer Ltd (FCL) said in a regulatory filing. The revenue from operations of the debt-ridden Future [...]
The USD 57-billion HDFC-HDFC Bank deal helped the overall merger and acquisition activity in the country rise by 40 per cent to reach USD 163 billion in 2022, a report said on Monday. Strategic deals like the one involving the HDFC twins accounted for a bulk USD 126 billion of the overall quantum, while transactions [...]
Retail inflation breached the RBI's comfort zone and rose to a three-month high of 6.52 per cent in January, mainly on account of a spike in food prices, as per government data released on Monday. The inflation rate based on the Consumer Price Index (CPI) stood at 5.72 per cent December and 6.01 per cent [...]
State-owned Power Finance Corporation (PFC) on Monday posted a 7 per cent rise in its consolidated net profit at Rs 5,241.10 crore in the December quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 4,893.91 crore in the October-December quarter of FY22, according to a regulatory filing. [...]
The Domestic equity indices concluded Monday’s volatile session in the red territory. The BSE Sensex fell 250.86 points or 0.41% to 60,431.84 and NSE Nifty 50 plunged 85.60 points or 0.48% to end at 17,770.90 levels. Despite a volatile market, here are 3 stocks that hit the 20% upper circuit on Monday’s session: KPT Industries [...]
Agrochemical firm Insecticides (India) Ltd on Monday reported a 13 per cent increase in its consolidated net profit at Rs 9.36 crore in the quarter ended on December 31, 2022. Its net profit stood at Rs 8.25 crore in the year-ago period. Total income rose to Rs 356.90 crore in the third quarter of this [...]
Schneider Electric Infrastructure Limited (SEIL) on Monday posted a 17 per cent fall in net profit at Rs 43.5 crore for the December quarter, mainly on account of lower income. The company had clocked a net profit of Rs 52.3 crore in the October-December period of the preceding 2021-22 fiscal, SEIL said in a regulatory [...]
