Kirloskar Industries Ltd on Thursday reported a consolidated loss of Rs 44.20 crore for the quarter ended March 31, 2022. The company had reported a profit of Rs 133.73 crore in the year-ago period, Kirloskar Industries Ltd (KIL) said in a statement. Total revenue during the reporting quarter, however, rose 39 per cent to Rs [...]
Drug firm JB Chemicals and Pharmaceuticals (JBCL) on Thursday said its consolidated profit after tax declined by 16 per cent to Rs 85 crore in the fourth quarter ended March. The company had reported a Profit After Tax (PAT) of Rs 101 crore in the March quarter of 2020-21. Revenues in the fourth quarter increased [...]
The Reserve Bank will opt for a larger, 0.50 per cent, hike in key rates at its next monetary policy review in June to protect medium term economic stability in face of the uncomfortable inflation situation, a British brokerage said on Thursday. The central bank will likely revise its inflation estimate to 6.2-6.5 per cent, [...]
Oberoi Realty on Thursday reported a 19 per cent decline in consolidated net profit at Rs 232.65 crore for the March quarter due to higher expenses. Its net profit stood at Rs 286.85 crore in the year-ago period. Total income rose to Rs 842.94 crore for the quarter under review as against Rs 800.87 crore [...]
State-owned Union Bank of India (UBI) on Thursday said its board of directors has approved raising up to Rs 8,100 crore by issuing equity shares through various modes. The board of directors, in its meeting held on May 26, considered and approved raising of equity capital not exceeding Rs 3,800 crore, within the overall limit [...]
The initial public offer of speciality chemicals company Aether Industries was subscribed 6.26 times on the final day of subscription on Thursday, helped by a strong interest from institutional buyers. The initial share sale received bids for 5,85,34,586 shares against 93,56,193 shares on offer, according to the NSE data. The portion meant for qualified institutional [...]
Agrochemicals maker Insecticides India Ltd (IIL) on Thursday posted 2.52 per cent increase in consolidated net profit at Rs 22.33 crore for fourth quarter of 2021-22 on higher income. The company had logged a net profit of Rs 21.78 crore in the same quarter of previous fiscal year, according to a regulatory filing. Total income [...]
Piramal Enterprises Ltd on Thursday reported a consolidated net profit of Rs 150.53 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net loss of Rs 510.39 crore in the same period previous fiscal, Piramal Enterprises Ltd (PEL) said in a statement. Consolidated revenue from operations during the quarter [...]
State-owned SJVN Ltd on Thursday inked a pact with Tata Power Solar Systems to build a 1,000 MW solar project worth Rs 5,500 crore in Bikaner, Rajasthan. "SJVN today entered into an EPC agreement for 1,000 MW solar project in Bikaner, Rajasthan with M/s Tata Power Solar Systems Ltd," a company statement said. The contract [...]
Tata Power Renewable Energy on Thursday announced the commissioning of a 100 MW solar project for Maharashtra State Electricity Distribution Company Ltd at Partur in Maharashtra. "Tata Power Renewable Energy Ltd (TPREL), one of India's largest renewable energy companies and a wholly-owned subsidiary of Tata Power, has commissioned 100 MW project for Maharashtra State Electricity [...]
