Electric two-wheeler maker Hero Electric on Wednesday said it has partnered with Dhoot Transmission Pvt Ltd for new wiring harness solutions. The company's products will be equipped with the latest wiring harnesses of Dhoot Transmission under the partnership, it said in a statement. "Our partnership with Dhoot Transmission to procure wiring harnesses for our products [...]
Edible oil major Adani Wilmar Ltd on Wednesday reported a 15 per cent increase in its consolidated profit to Rs 246.11 crore for the third quarter ended December 2022, on higher revenue. Its net profit was Rs 211.41 crore in the year-ago period. The total income rose to Rs 15,515.55 crore in the third quarter [...]
Shree Cement Ltd on Wednesday reported a 41.61 per cent decline in consolidated net profit to Rs 281.83 crore in the third quarter that ended December 2022 due to an increase in input cost. The company posted a net profit of Rs 482.70 crore in the October-December quarter last fiscal, Shree Cement said in a [...]
TD Power Systems on Wednesday posted nearly three per cent rise in its consolidated net profit at Rs 20.07 crore in the quarter ended December 2022. The consolidated net profit of the company was Rs 19.53 crore in the corresponding quarter that ended on December 31, 2021, showed a BSE filing. Total income rose to [...]
Shares of Aditya Birla Fashion and Retail Ltd (ABFRL) fell nearly 2 per cent in late morning trade on Wednesday after the fashion retailer reported decline in net profit for the third quarter. In late morning trade, shares of the firm fell 1.63 per cent to Rs 247.55 apiece on the NSE. On the BSE, [...]
State-owned KIOCL has trimmed its net loss to Rs 33.88 crore during the October-December quarter of FY23, helped by reduced expenses. The company had posted Rs 86.68 crore net loss during the same period of the preceding fiscal, KIOCL said in a regulatory filing. KIOCL has also reduced its expenses to Rs 340.99 crore from [...]
India’s largest two-wheeler maker, Hero MotoCorp Limited, saw its shares decline by 2 percent till the afternoon on Wednesday to trade at Rs 2,605 levels. The scrip fell after the company reported muted sales in Q3. On a consolidated basis, Hero MotoCorp Limited reported a total revenue of Rs 8,118.33 which grew sideways on a [...]
Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger "to be affected by a case like this" in reference to the developments at Adani Group. Concerns have been raised in various quarters about Adani Group companies, including about the exposure [...]
The UK government has offered a counter-package to Tata Steel against its proposal seeking a financial package to execute its decarbonisation plans for its plant in Port Talbot, its global CEO and MD TV Narendran has said. However, there is a big gap between what Tata Steel had asked for and what the British government [...]
Cement stocks were trading in the green on Wednesday, a day after Finance Minister Nirmala Sitharaman indicated that the government could consider a reduction in the goods and services tax on cement. Cement stocks like India Cements (up 1.99%), UltraTech Cement (up 1.87%) Ramco Cements(up 1.53%) Heidelberg Cement India (up 1.97%) were in the green [...]
