Jio-bp, the fuel and mobility joint venture of Reliance Industries Ltd and UK's bp, has launched petrol blended with 20 per cent ethanol, aligning with the government programme to cut oil imports and reduce carbon emissions. "In line with the roadmap set by the Government, Jio-bp has become one of the first fuel retailers in [...]
Gati Ltd on Wednesday reported its consolidated loss at Rs 4.70 crore in the quarter ended December 2022. In contrast, the company had posted a consolidated profit of Rs 5.02 crore in the corresponding quarter of previous fiscal, Gati Ltd said in a BSE filing. The consolidated income of the company during the October-December quarter [...]
Engine manufacturer Cummins India standalone profit after tax rose 50 per cent to Rs 360.14 crore in the December quarter of 2022-23 over the same period last year. Cummins India had recorded a profit of Rs 240.97 crore in the third quarter of financial year 2021-22. Total sales for the quarter were Rs 2,144 crore, growing [...]
Ircon International Ltd on Wednesday reported a 40.2 per cent rise in consolidated profit after tax to Rs 190 crore for the quarter that ended December 31, 2022. The company had posted a consolidated PAT of Rs 135.5 crore in the year-ago period, IRCON International Ltd said in a filing to BSE. The consolidated income [...]
Pricol Ltd, an automobile component manufacturer, has reported consolidated profit for the quarter ended December 31, 2022 at Rs 26.76 crore, the company said on Thursday. The Tamil Nadu based company had registered consolidated PAT at Rs 17.34 crore during corresponding quarter last fiscal. For the nine month period ended December 31, 2022 the consolidated [...]
Analysts are of the view that after delivering the seventh hawkish policy on Wednesday the central bank may pause after delivering a likely 25 basis points increase in the April review. For Abheek Barua, the chief economist at HDFC Bank, the 25 bps repo hike and keeping its withdrawal of accommodation stance unchanged are on [...]
Steering and suspension products manufacturer Rane (Madras) Ltd has reported over 300 per cent jump on its standalone profit after tax for the quarter ended December 31, 2022, at Rs 33.3 crore, the company said on Thursday. The company had registered standalone PAT at Rs 7.7 crore during corresponding quarter last fiscal. Total revenue on [...]
Equity benchmark Sensex dropped nearly 115 points in early trade on Thursday tracking losses in index heavyweights Maruti, Tata Motors and Reliance industries amid mixed global cues. Besides, a weak rupee against major rivals and persistent foreign capital outflows impacted domestic equity market sentiments, traders said. In a volatile trade, the 30-share BSE index was [...]
As many as 86,713 startups have been recognised by the government as on December 31, 2022, Parliament was informed on Wednesday. These startups are eligible to avail fiscal incentives under the Startup India action plan of the government. "As a result of sustained government efforts, the number of recognized startups has increased from 445 in [...]
Farm and construction equipment manufacturer Escorts Kubota Ltd on Wednesday posted a 6.7 per cent decline in consolidated net profit to Rs 180.8 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 193.71 crore in the same period last fiscal, Escorts Kubota Ltd said in [...]
