Beer maker United Breweries Ltd has reported a 66.94 per cent growth in its consolidated net profit at Rs 134.12 crore in the second quarter ended September 30, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 80.34 crore in [...]
Asian Paints on Thursday announced Rs 2,100 crore of phased investment to set up a new plant to produce vinyl acetate ethylene emulsion (VAE) and vinyl acetate monomer (VAM) in the country. The company also announced another Rs 550 crore of investment to set up a white cement plant in the UAE in partnership with [...]
L&T Finance Holdings on Thursday reported an 81 per cent jump in net income at Rs 406 crore for the September quarter, helped by better asset quality and record high retail advances. The leading non-banking credit company said it logged the highest-ever quarterly retail disbursements in the September quarter, and the retail book has crossed [...]
Infosys has allowed employees to take up 'gig' jobs on the side with prior consent of managers provided such an engagement does not compete with the company, its clients or pose conflict of interest. The company, in an internal communication to employees, detailed how staff can take up 'gig' work. Analysts say, the move may [...]
IT company Coforge on Thursday reported about 37 per cent increase in consolidated profit after tax to Rs 201.1 crore in the second quarter ended September 30, 2022. The company had recorded profit after tax of Rs 146.7 crore in the same period a year ago. The consolidated revenue from operations of Coforge increased by [...]
ITC Ltd on Thursday reported a 24.08 per cent increase in consolidated net profit at Rs 4,670.32 crore in the second quarter of FY23, led by a strong performance across segments including cigarettes and agri business. The company had posted a net profit of Rs 3,763.73 crore during the July-September quarter of the previous fiscal, [...]
The Indian stock exchanges – BSE and NSE will conduct a one-hour special Muhurat trading session on the occasion of Diwali on Monday, October 24, 2022. This will mark the beginning of the new Samvat 2079 – which is an ancient Hindu calendar year that starts on the day of Diwali. The trading session would [...]
Axis Bank on Thursday reported a jump of 70 per cent in its standalone net profit at Rs 5,329.77 crore in quarter ended September 2022 on healthy core income aided by trimming of bad loans. The country's third largest private sector lender had posted a net profit of Rs 3,133.32 crore in the year ago [...]
Dixon Technologies (India) Ltd on Thursday reported 23.11 per cent rise in consolidated net profit at Rs 77.12 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 62.64 crore for July-September period a year ago, the electronic manufacturing services firm said in a BSE filing. Revenue [...]
Drug firm Granules India on Thursday said its consolidated net profit increased by 79 per cent to Rs 145 crore for the second quarter ended September 2022, aided by robust sales across segments. The Hyderabad-based company had reported a net profit of Rs 81 crore in the July-September period of the previous fiscal. Revenue from [...]
