Fitch Ratings on Friday said there is no immediate impact on the ratings of Adani entities and their securities following a short-seller report alleging malpractices at Adani group. In a statement, the rating agency said it expects no material changes to its forecast cash flow. "There are also no near-term significant offshore bond maturities," it [...]
Bank of Baroda (BoB) on Friday reported 75 per cent surge in standalone net profit at Rs 3,853 crore for the third quarter ended December 31, 2022 as bad loans declined. The state-owned bank had earned a net profit of Rs 2,197 crore in the year-ago period. Total income during October-December 2022 increased to Rs [...]
Zydus Lifesciences Ltd on Friday reported a 24.48 per cent rise in consolidated net profit at Rs 622.9 crore for the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 500.4 crore in the same period last fiscal, Zydus Lifesciences Ltd said in a regulatory filing. Consolidated total [...]
The board of Directors of Medico Remedies Ltd, a manufacturer & exporter of pharmaceutical Drugs, has approved a Stock Split of equity shares of the Company. In the meeting held on February 2nd, 2023 the board declared that it will split the shares in the ratio of 5:1. This means that One equity share of [...]
Likhitha Infrastructure Limited has received an order worth Rs.129.63 Crores from GAIL (India) Limited, for the Laying of the Cross-Country Pipeline along with associated facilities. The project is said to be completed within the next 14 months. Likhitha Infrastructure is engaged in the business of Pipeline Laying providing comprehensive erection, testing, and commissioning of Oil [...]
The India Cements Ltd on Friday reported a consolidated net profit of Rs 133.29 crore for December quarter 2022-23, helped by gains from sales of its subsidiary Springway Mining Pvt Ltd (SMPL). The company had posted a net profit of Rs 16.24 crore in the year-ago period, it said in a regulatory filing. Revenue from [...]
Steel maker Kamdhenu Ltd has posted an 82 per cent growth in its net profit during the December quarter at Rs 12.02 crore, on the back of increased revenues. The company had recorded Rs 6.6 crore net profit during October-December period of 2021-22 fiscal, Kamdhenu Ltd said in a statement on Friday. Its revenue from [...]
LPG Importer and Handler Aegis Logistics’s shares zoomed 8.4% on Friday’s early trades to reach an intraday high of ₹ 388.80 apiece on the National Stock Exchange (NSE) after the company reported robust earnings. Its shares were trading at ₹ 338.55 apiece at 11:00 AM. The company reported a 71.88% increase in its consolidated revenue [...]
A powerful Republican Party Senator has urged the Biden administration to speak to the Indian government about the subsidies it gives to its wheat and rice growing farmers, which he claimed is against the norms of the World Trade Organization. “Rice and wheat farmers throughout the country are seriously impacted by India’s blatant WTO violations,” [...]
India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing. The company has reported a 4 per cent increase in worldwide daily active users (DAUs) to 2 billion on average during December 2022 from 1.93 billion during December [...]
