Air India has finalised an order for around 250 aircraft with Airbus and the deal is expected to be announced next week, a source said on Thursday. The source in the know also said the airline has signed a deal with Boeing for about 200 planes. Specific details could not be immediately ascertained and there [...]
India Tourism Development Corporation (ITDC), a public sector undertaking under the Ministry of Tourism, on Thursday posted a profit of Rs 60.73 crore in the third quarter of FY23. ITDC announced the results for quarter and nine months ended December 31, 2022. The turnover during October-December 2022 stood at Rs 123.13 crore, which was the [...]
Adani Total Gas Ltd -- the joint venture of Adani group and TotalEnergies of France which retails CNG to automobiles and piped gas to households -- on Thursday reported a 13 per cent increase in net profit as sales rose. Net profit of Rs 148 crore in October-December compares to Rs 132 crore earnings in [...]
The Competition Commission of India (CCI) on Thursday cleared the acquisition of stake in Hindustan Ports Pvt Ltd by National Investment and Infrastructure Fund (NIIF). The proposed transaction relates to NIIF's acquisition of up to 25 per cent in Hindustan Ports Pvt Ltd (HPPL). The regulator also approved the merger of Hindustan Infralog Pvt Ltd [...]
Technical textiles manufacturer Garware Technical Fibres (formerly Garware-Wall Ropes) on Thursday reported a 4 per cent fall in consolidated profit after tax at Rs 36.6 crore during the December quarter. The company's Profit After Tax (PAT) stood at Rs 38.1 crore in the year-ago period, Garware Technical Fibres said in a regulatory filing. Net sales [...]
Online food delivery platform Zomato Ltd on Thursday reported a widening of consolidated net loss at Rs 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business. The company had posted a consolidated net loss of Rs 67.2 crore in the same quarter last fiscal, [...]
Drug maker Lupin has reported 72 per cent decline in consolidated net profit at Rs 153 crore for the third quarter ended December 31, 2022. The company had reported a net profit of Rs 545 crore for October-December period last fiscal. Total revenue from operations however increased to Rs 4,322 crore as compared with Rs [...]
State-owned IREDA on Thursday posted a rise of 87 per cent in its profit after tax at Rs 200.75 crore in the December 2022 quarter, mainly on higher income. The company had clocked a PAT (profit after tax) of Rs 107.19 crore during October-December quarter of preceding 2021-22 fiscal, Indian Renewable Energy Development Agency (IREDA) [...]
Shriram Life Insurance Company (SLIC) on Thursday posted a multi-fold jump in net profit at Rs 31 crore for the third quarter of FY'23. The company had earned a profit of Rs 1.8 crore in the same quarter a year ago, SLIC said in a statement. During the quarter, the company's gross premium rose 12 [...]
Aurobindo Pharma Limited on Thursday said its consolidated net profit for the quarter ended December 31 was down by 18.7 per cent to Rs 491.2 crore against Rs 604.3 crore in Q3FY22. A press release from the drug maker said revenue from operations during the quarter under discussion was up by 6.7 per cent to [...]
