Electric mobility company Olectra Greentech on Wednesday reported a 4 per cent increase in its net profit to Rs 13 crore for the December quarter, mainly on the back of higher revenues. Olectra had reported a net profit of Rs 12.5 crore in the quarter ended December 31, 2021, the company said in a statement. [...]
Non-banking finance company TVS Credit Services Ltd has reported a net profit at Rs 97.97 crore for October-December 2022, the company said on Wednesday. The city-based company, a part of the diversified conglomerate TVS Group, reported the net profit at Rs 55.88 crore during corresponding quarter last year. The net profit for the nine-month period [...]
Voltas Limited, a Tata group stock, opened at Rs 777.90 on Wednesday only to decline by more than 3 percent during the day to reach a new 52-week low of Rs 751.80. The scrip ended the session at Rs 756. Voltas Limited, a Tata group company, is engaged in the business of air conditioning, refrigeration, [...]
Tata Motors on Wednesday reported a consolidated net profit of Rs 3,043 crore in the third quarter ended December 31, 2022, on account of robust sales across markets. The Mumbai-based auto major had reported a net loss of Rs 1,451 crore in the October-December quarter of the previous fiscal. Total income increased to Rs 88,489 [...]
Dr Reddy's Laboratories on Wednesday reported a 77 per cent increase in its consolidated net profit at Rs 1,247 crore in the third quarter ended December 31, 2022. The drug firm had reported a net profit of Rs 706 crore in the October-December period of the previous fiscal. Revenue from operations rose to Rs 6,770 [...]
Ahead of the ₹ 20,000 crores follow-on-public offer, the share prices of Adani Group companies suffered deep cuts. They were trading in the red, following a negative report by Hindenburg Research, an American short-selling firm, saying that it held short positions in the Indian group through US-traded bonds and non-Indian-traded derivative instruments. The shares of [...]
Drug major Cipla on Wednesday reported a 7 per cent increase in its consolidated net profit to Rs 808 crore for the third quarter ended December 2022, aided by robust sales. The Mumbai-based drug maker had reported a net profit of Rs 757 crore for the October-December period of the last fiscal. Its total revenue [...]
Farmers' body FAIFA on Wednesday requested the government to take measures to curb cigarette smuggling, causing a revenue loss of Rs 13,000 crore annually to the exchequer. Federation of All India Farmer Associations (FAIFA) in a pre-budget presentation to Finance Minister Nirmala Sitharaman highlighted the growing menace of cigarette smuggling, resulting in various issues -- [...]
The third largest producer of motorcycles in India, TVS Motor Company Limited saw its shares rise by more than 4 percent to trade at Rs 1,022 levels. The stock traded in the green after the company posted an increase in its quarterly earnings. In Q3FY23, TVS Motor Company Limited reported a total income of Rs [...]
Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation yet half of them believe that the country's economy will grow in 2023, according to a survey by marketing data and analytics firm Kantar. In its second edition of India Union Budget [...]
