State-owned Shipping Corporation of India Ltd (SCI) on Friday reported a 27.97 per cent decline in consolidated net profit to Rs 114.17 crore for the first quarter of this fiscal. The company had clocked a consolidated net profit of Rs 158.51 crore in the corresponding period a year earlier, it said in a regulatory filing. [...]
Digital map company CE Info Systems, which operates under MapMyIndia brand name, on Friday posted nearly 18 per cent increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23. The company had recorded a profit of Rs 20.6 crore in the same period a year ago. The revenue from operations [...]
Auto-parts maker Minda Corporation's profit after tax (PAT) increased more than six-fold to Rs 52.5 crore in the June quarter, the company said on Friday. It recorded a profit after tax of Rs 7.1 crore in the year-ago quarter, the company said in a statement. Its operating revenue for the reporting quarter grew 80.8 per [...]
The shares of Interglobe Aviation Ltd and SpiceJet Limited surged by 25.17% and 27.37% respectively in the past month, led by positive developments. Interglobe Aviation Ltd The shares of Interglobe Aviation Limited (Indigo), surged 5.93% on Friday to an intraday high of ₹ 2103.95 apiece. The scrip closed at ₹2,080.55 apiece on Friday. This happened [...]
Japan's SoftBank Investment Advisers and US-based JP Morgan hosted a meeting between large mutual fund houses and 10 unicorns, including Swiggy, and Unacademy, which are keen on going public within 3 years, sources said. Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4. "Indian [...]
The shares of Fineotex Chemical Ltd gained more than 8% in the early trading hours on Friday and reached their new 52-week high of Rs 252.90. Till afternoon, the stocks were trading at Rs 247. A year ago the scrip was trading at Rs 115 a piece on NSE. From there it has scaled up [...]
The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs 64.67 crore as part of a money laundering probe against cryptocurrency exchange WazirX. The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative". [...]
Motherson Sumi Wiring India Ltd (MSWIL) on Friday reported close to two-fold increase in net profit at Rs 126 crore for the first quarter ended June 2022. The company had posted a net profit of Rs 79 crore in the April-June period of last fiscal. Total revenue from operations rose to Rs 1,671 crore compared [...]
Equity benchmarks ended modestly higher on Friday after the Reserve Bank raised the key interest rate in an effort to cool stubbornly high inflation and defend the rupee. Continuous foreign fund inflows into the capital markets and softening crude oil prices also helped the bourses regain momentum, traders said. The 30-share BSE Sensex ended 89.13 [...]
Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation. The increase in lending rate or the repurchase rate (repo) by 50 bps to 5.40 per cent [...]
