Integrated textile company Alok Industries on Saturday reported a widening of its consolidated net loss to Rs 191.50 crore for the second quarter that ended on September 30, 2022. The company, which was acquired by Reliance Industries along with JM Financial Asset Reconstruction through NCLT-monitored insolvency proceedings last year, had reported a net loss of [...]
ICICI Prudential Life Insurance Company (ICICI Pru) on Saturday reported over 55 per cent dip in its net profit to Rs 199 crore in the quarter ended in September 2022 due to lower income. The company's net profit in the quarter ended in September 2021 was at Rs 445 crore. The net premium earned by [...]
Oberoi Realty Ltd on Friday reported a 20 per cent increase in its consolidated net profit at Rs 318.62 crore for the quarter ended September. Its net profit stood at Rs 266.59 crore in the year-ago period, according to a regulatory filing. Total income, however, declined to Rs 711.79 crore in the second quarter of [...]
HDFC Bank on Saturday reported a 22.30 per cent jump in its consolidated net profit for the September quarter at Rs 11,125.21 crore. The city-headquartered lender had reported a consolidated net profit of Rs 9,096.19 crore in the year-ago period. On a standalone basis, the largest private sector bank's net profit rose by over 20 [...]
Air India is in discussions with aircraft manufacturers for acquiring planes as the Tata group-owned airline plans to expand its fleet by three times compared to the current size, a senior executive said on Friday. Air India Chief Financial Officer Vinod Hejmadi also said the airline is currently in the "taxiing phase" and it will [...]
The country's exports rose by 4.82 per cent to USD 35.45 billion in September, even as the trade deficit widens to USD 25.71 billion, according to the data released by the commerce ministry on Friday. In its preliminary data, which was released in the first week of this month, the ministry stated that the country's [...]
Tata Power on Friday said that a cyber attack has hit its Information Technology (IT) infrastructure and affected its systems. Tata Power Company Limited had a cyber attack on its IT infrastructure impacting some of its IT systems, a BSE filing said. The company has taken steps to retrieve and restore the systems, it informed. [...]
The government's wheat stock is 11 per cent higher than the buffer norm at 227.46 lakh tonne at the beginning of this month, according to the Food Ministry data. However, the wheat stock in state-run Food Corporation of India (FCI) is at five year low due to a 57 per cent drop in procurement owing [...]
India's forex reserves rose by USD 204 million to USD 532.868 billion for the week ended October 7 on an increase in the value of gold holdings, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by USD 4.854 billion to USD 532.664 billion. The reserves had been [...]
Bajaj Auto on Friday reported a 16 per cent decline in its consolidated net profit to Rs 1,719 crore for the September quarter, hit by a 25 per cent dip in overseas shipments. The Pune-based company had posted a consolidated net profit of Rs 2,040 crore in the July-September quarter of the previous fiscal. Total [...]
