Orient Electric on Tuesday reported 22.16 per cent decline in net profit at Rs 48.78 crore for the fourth quarter ended March 31, 2022. The CK Birla group firm had posted a net profit of Rs 62.67 crore for the year-ago period, Orient Electric said in a regulatory filing. Revenue from operations was down at [...]
Electric vehicle maker Wardwizard Innovations & Mobility has reported an over four-fold increase in its Profit After Tax (PAT) at Rs 3.28 crore for the quarter ended March, according to a company statement. The Vadodara-based firm had posted a PAT of Rs 69.26 lakh in Q4FY21. The company said its income rose by 347 per [...]
Shares of Rainbow Children's Medicare on Tuesday debuted with a discount and later ended nearly 17 per cent lower against the issue price of Rs 542. The stock opened at Rs 506, registering a decline of 6.64 per cent from the issue price on the BSE. During the day, it tanked 22.32 per cent to [...]
Sustaining positive momentum for the 14th straight month, equity mutual funds attracted a net sum of Rs 15,890 crore in April amid heightened volatility in stock market and consistent selling by foreign portfolio investors. This was much lower compared to a record net inflow of Rs 28,463 crore seen in the preceding month, data from [...]
The crypto industry has urged the government to reduce the TDS on payments towards gains arising from trading in cryptocurrencies to 0.01 or 0.05 per cent, from the proposed 1 per cent, saying it will hurt retail traders. CoinDCX CEO and Co-Founder Sumit Gupta said 30 per cent tax on income from cryptocurrencies is on [...]
Wires and cables manufacturer Polycab India on Tuesday reported a 20 per cent year-on-year rise in net profit to Rs 325.33 crore for the fourth quarter ending March 31. The company's net profit was Rs 271.06 crore in the year-ago quarter, Polycab India said in a BSE filing. Revenue from operations during the quarter under [...]
Reliance Nippon Life Insurance on Tuesday reported a 30 per cent rise in net income at Rs 65 crore for FY22, as its premium income increased 6.3 per cent. While total premium collection rose to Rs 5,037 crore year-on-year, new premium collection rose 13 per cent to Rs 1,282 crore for the year, the company, [...]
TD Power Systems on Tuesday posted over 60 per cent rise in consolidated net profit at Rs 24.66 crore for March quarter 2021-22 mainly on the back of higher revenue. Consolidated net profit in the year-ago period was Rs 15.37 crore, a BSE filing said. Total income in the quarter under review rose to Rs [...]
Capital markets regulator Sebi came out with a new norm to implement draft filing fees to be paid by infrastructure investment trusts (InvITs) for initial offers and rights issues. Now InvITs are required to pay non-refundable filing fees of 0.1 per cent in case of initial offer and 0.05 per cent in case of rights [...]
