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 [...]
Shares of Adani Group firms continued to remain weak for the seventh day running on Friday amid a host of negative events surrounding the companies. The stock of Adani Enterprises tumbled 20 per cent to Rs 1,173.55 -- its one-year low -- on the BSE. Shares of Adani Ports tanked 10 per cent, Adani Transmission [...]
Specialty Chemical manufacturer Vinati Organics shares were trading at Rs. 1878.50 apiece at 11:20 AM on Friday. This gives the company a market capitalization of Rs. 19,552 crore. Furthermore, it is one of the few large companies having a promoter shareholding of as much as 74%. Vinati Organics Ltd. is a renowned producer of specialty [...]
SIS Ltd on Thursday reported a 3 per cent increase in net profit to Rs 103.4 crore for the third quarter ended December 2022. The company -- which is into facility management, security and cash logistics -- had posted a net profit of Rs 100.6 crore in the corresponding quarter of 2021-22. On a sequential [...]
America’s National Pecan Federation has welcomed the annual budgetary proposal of Union Finance Minister Nirmala Sitharaman to reduce the import duty on pecan by 70 per cent, a move it said would benefit thousands of farmers in the country, especially in Georgia. “This is great news for the pecan industry,” Larry Don Womack, chairman of [...]
Apple CEO Tim Cook has said he is “very bullish on India” and described the country as a major focus and "hugely exciting market” where the technology giant is putting a “significant amount of energy” through investments, retail and online presence. Apple on Thursday reported revenue of USD 117.2 billion for the December quarter and [...]
S&P Dow Jones has said it will remove Adani Group's flagship firm Adani Enterprises from sustainability indices with effect from February 7 following a media and stakeholder analysis triggered by allegations of accounting fraud. The move comes amid leading stock exchanges BSE and NSE putting three Adani Group companies -- Adani Enterprises, Adani Ports and Special Economic [...]
Equity benchmarks climbed in initial trade on Friday amid a strong rally in the US markets and buying in banking counters. The 30-share BSE benchmark Sensex rose by 481.94 points to 60,414.18. The broader NSE Nifty advanced 118.05 points to 17,728.45. From the Sensex pack, IndusInd Bank, Titan, Bajaj Finance, HDFC Bank, Bajaj Finserv, ICICI [...]
Hindustan Construction Company (HCC) on Thursday reported a 9.22 per cent decline in its December quarter net profit at Rs 25.19 crore. The company had clocked a net profit of Rs 27.75 crore in the year-ago period, according to a BSE filing. Its total income during October-December 2022 marginally rose to Rs 1,167.13 crore, compared with Rs 1,169.63 [...]
Allcargo Logistics on Thursday said it has concluded the deal to sell a part of its logistics parks business to global private equity giant Blackstone, making the company cash positive. Allcargo Logistics said this is in line with the agreement signed earlier, which has now been consummated with the signing of the share purchase agreement [...]
