South-based Karur Vysya Bank on Friday reported an over two-fold jump in its net profit to Rs 213.47 crore in the March 2022 quarter on the back of a fall in bad loans. The bank had posted a net profit of Rs 104.37 crore in the same quarter of the previous fiscal. Total income during [...]
JK Tyre & Industries on Friday reported 80 per cent decline in consolidated net profit at Rs 38.22 crore for the fourth quarter ended March 31, 2022, impacted by higher expenses primarily due to rise in input costs. The company had posted a net profit of Rs 194.96 crore for the same period of previous [...]
Parle Agro, a beverage company which owns popular brands such as Frooti and Appy, has urged the government to extend the deadline to implement the ban on plastic straws for the next six months. The government's ban on single-use plastics, including plastic straw, is going to be effective from July 1, 2022. Terming it as [...]
Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the fiscal ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk [...]
Daimler India Commercial Vehicles Pvt Ltd (DICV) on Friday reported 48 per cent growth in truck wholesales at 14,222 units in 2021. The company, which manufactures BharatBenz brand of trucks and buses, had registered truck wholesales of 9,624 units in 2020. "Despite supply chain headwinds, rising input costs, rising fuel prices and the impact of the [...]
Consumer protection regulator CCPA on Friday said it has issued notices to cab aggregators Ola and Uber for unfair trade practices and violation of consumer rights. The Central Consumer Protection Authority (CCPA) has given 15-days time for these two companies to reply to the notices. "We have issued notices to both Ola and Uber. Most [...]
Pharmaceuticals firm Zydus Lifesciences Ltd on Friday reported a 41.47 per cent decline in consolidated net profit at Rs 397.4 crore in the fourth quarter ended March, impacted by higher expenses and one-off inventory related provisions. The company had posted a consolidated net profit of Rs 679 crore in the same quarter of previous fiscal [...]
GE T&D India on Friday reported a loss of Rs 22.53 crore for the March quarter, mainly due to lower revenues. The company had logged a net profit of Rs 16.11 crore in the quarter ended March 31, 2021, a BSE filing showed. Total income dipped to Rs 685.92 crore in the quarter from Rs [...]
Bengaluru, 19th May 2022: OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, today announced the financial results for the fourth quarter and full year of FY22 ended March 31, 2022. Highlights: Challenges Arena: Revenue has been doubling every quarter; achieved a mark of over INR 3.5 crore monthly revenue in March’22 Challenges Arena: [...]
The shares of Manappuram Finance Ltd tanked 11.24% yesterday and they continued to fall on Friday’s early deals. They reached their 52-week low of ₹91.85 on the bourses yesterday after the company reported weak numbers for the March quarter. Its shares are currently trading at ₹ 93.20 apiece. It reported more than a 44% slump [...]
