New Delhi, Jan 31 (PTI) Disinvestment-bound Shipping Corporation of India on Monday reported a 136.78 per cent jump in consolidated profit to Rs 311.54 crore for the quarter ended December 31, 2021. The company had posted a consolidated profit of Rs 131.57 crore in the corresponding quarter of the previous financial year, Shipping Corporation of [...]
New Delhi, Jan 31 (PTI) C K Birla group firm Orient Cement Ltd on Monday reported an 18.9 per cent decline in its net profit to Rs 43.67 crore for the third quarter ended December 31, 2021. It had posted a net profit of Rs 53.88 crore in the corresponding quarter last year, Orient Cement [...]
Kolkata, Jan 31 (PTI) The net profit of UCO Bank during the third quarter (Q3) of the current fiscal increased 775 per cent at Rs 310.4 crore against Rs 35.44 crore in the previous similar period, an official of the lender said on Monday. The operating profit of the PSU bank is Rs 1340 crore [...]
Homegrown auto major Tata Motors on Monday reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 31, 2021, dragged down by the impact of semiconductor shortage on its British arm Jaguar Land Rover (JLR). The company had posted a consolidated net profit of Rs 2,941.48 crore in the same [...]
Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks. Further, ASM Technologies, a global technology engineering and product development services provider, has done a follow on investment in Lavelle Networks. In a statement on Monday, Airtel announced the acquisition of about [...]
Ajanta Pharma on Monday said its consolidated net profit increased by 8.57 per cent to Rs 191.78 crore for the third quarter ended December 2021. The Mumbai-based drug firm had reported a net profit of Rs 176.63 crore in the same period of the previous fiscal. Revenue from operations rose to Rs 837.91 crore for [...]
Shares of payment solutions provider AGS Transact Technologies Ltd on Monday made a flat market debut and settled over 8 per cent lower against the issue price of Rs 175. The stock made its debut at Rs 176, registering a marginal gain of 0.57 per cent from the issue price on BSE. It hit a [...]
Infibeam Avenues Ltd (IAL) on Monday posted an 89 per cent jump in its net profit to Rs 24 crore for the December 2021 quarter, and announced a bonus share issue for shareholders. The company, which had reported a net profit of Rs 13 crore in the year-ago period, has also announced the acquisition of [...]
New Delhi, Jan 31 (PTI) In its second acquisition of a PSU in recent weeks, Tata group firm beat the likes of Jindal Stel and JSW Steel to snap loss-making Odisha-based Neelachal Ispat Nigam Ltd (NINL) for Rs 12,100 crore. In a statement, the finance ministry said Tata Steel Long Products Ltd's (TSLP) bid of [...]
New Delhi, Jan 31 (PTI) The primary market has seen hectic fundraising activity in April-November 2021, with 75 companies garnering Rs 89,066 crore through their IPOs, much higher than in any year in the last decade, Economic Survey showed on Monday. Moreover, a flurry of technology startups made their public debuts during the period. In [...]
