Indraprastha Gas Ltd, the nation's largest CNG retailer, will invest about Rs 8,000 crore in the next five years to expand the city gas network of CNG stations and pipelines, taking environment-friendly fuel to household kitchens and factories, the company's Managing Director Sanjay Kumar said on Friday. Indraprastha Gas Ltd (IGL) currently has major operations [...]
Amara Raja Batteries Ltd on Friday reported a decline of 47.80 per cent in consolidated net profit at Rs 98.85 crore in the fourth quarter ended March 2022. The company had posted a net profit of Rs 189.38 crore in the January-March period a year ago, Amara Raja Batteries Ltd said in a regulatory filing. [...]
Nuvoco Vistas Corp Ltd on Friday reported a decline of 22.37 per cent in consolidated net profit at Rs 29.11 crore in the fourth quarter ended March. The company had posted a net profit of Rs 37.50 crore in the March quarter of previous year, Nuvoco Vistas Corp said in a regulatory filing. However, its [...]
Mortgage financier Indiabulls Housing Finance Company reported an 11.23 per cent rise in profit after tax (PAT) to Rs 307 crore for the fourth quarter ended March 2022 on lower credit cost and higher profit from its co-lending business. The company had posted a profit after tax of Rs 276 crore in the year-ago quarter. [...]
Hackers and fraudulent customers have stolen Rs 7.38 crore by tampering and manipulating the authorisation process of Razorpay Software to authenticate 831 failed transactions, according to a police complaint lodged by the payment gateway company. In his complaint to the South East Cyber Crime Cell lodged on May 16, Razorpay's Head of Legal Disputes and [...]
The initial public offer of luxury and premium watch retail player Ethos got fully subscribed on the last day of subscription on Friday. According to NSE data, the Rs 472.3 crore IPO received bids for 41,38,650 shares against 39,79,957 shares on offer, translating into 1.04 times subscription. The portion for non-institutional investors received 1.48 times [...]
Realty firm Arvind SmartSpaces on Friday reported a two-fold jump in net profit at Rs 14 crore for the quarter ended March. Its profit stood at Rs 6.6 crore in the year-ago period. Revenue from operations grew 150 per cent to Rs 161 crore in the quarter under review from Rs 64.5 crore in the [...]
Markets regulator Sebi has declared the highest bidder for a land parcel belonging to Ramel Industries for a bid value of Rs 4.3 crore, as part of its efforts to recover investors' money. The bidding took place on February 24 for the land parcel in West Bengal, the Securities and Exchange Board of India (Sebi) [...]
Shares of Equitas Small Finance Bank on Friday tumbled over 11 per cent after the company's Founder and CEO P N Vasudevan asked the lender to look for his successor as he wants to hang up his boots to pursue "a distinct set of goals". The stock tanked 11.38 per cent to settle at Rs [...]
India has exported wheat worth USD 177 million in March and USD 473 million in April even after the Russia-Ukraine conflict started in late February to help other countries overcome food crisis, sources said. According to them, India exported wheat even at a time when about eight nations, including Ukraine, Belarus, Turkey, Egypt, Kazakhstan and [...]
