Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Monday reported a more than twofold jump in its consolidated net profit to Rs 81.52 crore for the quarter that ended December 31, 2022, led by volume growth and improved net realizations. The company, which follows the calendar year as its financial year, posted a net profit [...]
Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024. These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. "This is in continuation of promoters' assurance [...]
Petrol doped with 20 per cent ethanol was rolled out on Monday at select petrol pumps in 11 states and union territories as part of a programme to increase use of biofuels to cut emissions as well as dependence on foreign exchange-draining imports. At present, 10 per cent ethanol is blended in petrol (10 per [...]
Volumes spurt at Zydus Lifesciences’ counter after the company reported better-than-estimated earnings for the October to December quarter. Its shares gained 9.63 percent to reach an intraday high of ₹ 476.50 apiece. More than 56 lakh shares changed hands by 01:40 PM The drugmaker reported an increase of 19.85 percent in its revenue from operations [...]
D Link India Limited saw its share open 12 percent higher on Monday’s session at Rs 235.50 levels against its previous close of Rs 209.90. It further gained 3 percent till the afternoon and was trading at Rs 240 levels. In Q3FY23, D Link India Limited posted a total revenue of Rs 281.84 Crore, a [...]
In a push to decarbonise the economy, Indian Oil Corporation (IOC), the nation's largest oil firm, will recycle 100 million discarded mineral water, cold drink and other PET bottles annually to make eco-friendly uniforms for staff that man its petrol pumps and LPG distributor agencies. The firm also rolled out indoor cooking stoves that can [...]
Vodafone Idea has partnered with Motorola to ensure seamless 5G connectivity across its fifth-generation smartphone portfolio, according to a statement on Monday. The announcement comes within days of Vodafone Idea getting a shot in the arm, with Centre on Friday clearing conversion of the troubled telco's accumulated interest dues worth Rs 16,000 crore into equity. [...]
Debt-ridden telecom operator Vodafone Idea’s shares zoomed 24.82% on Monday’s early trades to reach an intraday high of ₹ 8.55 apiece on the National Stock Exchange (NSE). This happened after the government gave the green light to convert the company’s interest dues worth ₹ 16,133 crores to equity, smoothing out a major obstacle. Vodafone Idea’s [...]
ITC Limited hit a new All-Time High on Monday after its shares zoomed by more than 1 percent and reached Rs 388.20 in the early hours. The scrip gained after the company reported higher sales and earnings in the third quarter of FY23. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year [...]
Shares of One97 Communications climbed over 6 per cent in late morning trade on Monday after the company narrowed its consolidated net loss to Rs 392 crore in the third quarter. One97 Communications (OCL) is the parent entity of leading mobile payments and financial services company Paytm. The stock of One97 Communications rallied 6.44 per [...]
