E-commerce major Flipkart has burnt cash of USD 3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory filings. Flipkart had USD 1 billion in cash in July 2021, which came down to USD 887 million by September 2022. The company, in July 2021, raised USD 3.6 billion (about [...]
The Life Insurance Corporation of India (LIC) has increased its stake in a Tata group stock, Voltas Limited, by buying an additional 2%. The insurance behemoth also referred to as a Domestic Institutional Investor (DII) said that it has acquired Voltas' shares worth ₹ 634.50 crores through open market transactions during the period from August [...]
Allcargo Logistics has reported a 13 per cent fall in consolidated Profit After Tax (PAT) at Rs 230 crore for the quarter ended September 30, 2022. The company's consolidated PAT in the year-ago period was Rs 263 crore, as per a regulatory filing. The income from operations rose 6.5 per cent to Rs 5,300 crore [...]
Shares of Tata Motors on Thursday fell by 4.6 per cent in morning trade on bourses, a day after the company reported a net loss of Rs 898 crore for the second quarter ended September 30, 2022. The results were announced post market hours on Wednesday. The stock of the homegrown auto major declined 4.68 [...]
Bayer Cropscience Ltd on Wednesday posted a 5.51 per cent increase in net profit at Rs 162.6 crore in the September quarter. The company had a net profit of Rs 154.1 crore in the same quarter previous fiscal, according to a regulatory filing. Total income increased to Rs 1,451.9 crore in the second quarter of [...]
Realty firm Prestige Estates Projects Ltd on Wednesday reported an 80 per cent increase in its consolidated net profit at Rs 140.7 crore in the September quarter of this fiscal year. Its net profit stood at Rs 78.3 crore in the year-ago period, Prestige Estates Projects said in a regulatory filling. Total income rose to [...]
FMCG firm Bajaj Consumer Care Ltd on Wednesday reported a decline of 31.93 per cent in its consolidated net profit at Rs 31.65 crore for the second quarter ended September. The company had reported a net profit of Rs 46.50 crore in the July-September quarter a year ago, said Bajaj Consumer Care, part of the [...]
The government in early October had invited bids for the sale of stake in IDBI Bank, however it first announced a plan to sell the IDBI in 2016. It has taken a while and the government is yet to sell its stake in the bank. IDBI or the Industrial Development Bank of India landed into [...]
The Ramco Cements on Wednesday reported 99.28 per cent decline in consolidated net profit at Rs 3.71 crore for September quarter 2022-23 on on account of sharp rise in fuel prices and weak cement rates. The company had logged a net profit of Rs 516.77 crore in July-September period a year ago, The Ramco Cements [...]
The shares of Fsn E-Commerce Ventures Ltd Nykaa declined by approximately 3.16 percent to end at Rs 1,040 on Wednesday. The stock will trade ex-bonus tomorrow i.e, November 10th, 2022. Last month the board of the company approved the issuance of bonus equity shares in the ratio of 1:5. This means that the company will [...]
