Technology giant Apple, which recorded 83 billion dollars in revenue for the third quarter ended June 2022, has reported a "near doubling" of revenue in India. Announcing financial results for its fiscal 2022 third quarter ended June 25, Apple on Thursday said it has achieved a revenue record of USD 83 billion, up 2 per [...]
Jubilant FoodWorks, operator of fast-food chains Domino's Pizza and Dunkin' Donuts, on Thursday reported a 63.01 per cent increase in its consolidated net profit at Rs 112.58 crore in the April-June quarter. The company had posted a consolidated net profit of Rs 69.06 crore in the same quarter of the previous fiscal, Jubilant FoodWorks Ltd [...]
The Directorate General of Civil Aviation (DGCA), on Wednesday, in an unprecedented action ordered low-cost carrier SpiceJet to operate only 50% of its flights for eight weeks. Several planes of the airline reported technical malfunction recently. The airline’s shares plunged by nearly 10% during early trades on Thursday, to reach their two-year low of ₹ [...]
The government and the Life Insurance Corporation of India (LIC) may sell up to 65% of their stake in IDBI Bank before the end of the current financial year. These majority stakeholders will have to do a basic benchmark in terms of ceding ownership in the bank. The process may start with 51% odd and [...]
Pharma Company, Sanofi India’s board of directors have recommended a special dividend of ₹ 193 against a face value of ₹ 10 per equity share (1930% of its face value), for the financial year ending December 2022. The company’s board announced this decision after its scheduled board meeting held on July 26, 2022. "The Board [...]
The shares of Tata Investment Corporation jumped 8.8% during early trades on Wednesday after the company posted robust results in the latest quarter. The shares are currently trading at ₹ 1491.00 apiece, up 5.48%. The company’s total income increased by 64.69% to ₹ 102.08 crores in Q1FY23 (June quarter) as against ₹ 61.98 crores in [...]
On Wednesday, the shares of Dynamic Cables Ltd were trading up by 1.5% till 12 pm and were trading at Rs 142 levels. The stock has been rallying for the last few days and added more than 19%. A year ago, the stock was trading at Rs 47 a piece. From there it has escalated [...]
After a better-than-expected response from players on the opening day, the 5G spectrum auctions entered the second day on Wednesday, with the fifth round of bidding currently underway. Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea had put in bids of about Rs 1.45 lakh crore [...]
Shares of Larsen & Toubro (L&T) climbed nearly 4 per cent in morning trade on Wednesday after the company's consolidated net profit increased 44.9 per cent in the June quarter this year. The stock jumped 3.62 per cent to Rs 1,814.30 on the BSE. At the NSE, it advanced 3.58 per cent to Rs 1,814 [...]
Shares of Ujjivan Small Finance Bank on Tuesday jumped nearly 10 per cent after the company reported its highest-ever quarterly profit in the June quarter at Rs 203 crore. The stock climbed 9.77 per cent to Rs 19.10 -- its highest trading permissible limit for the day -- on the BSE. On the NSE, it [...]
