Telecom infrastructure company Indus Towers on Thursday posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore for December quarter 2021-22. The company had registered a profit after tax of Rs 1,360 crore for the same period a year ago. Revenue of the country's largest mobile tower firm was higher at Rs [...]
New Delhi, Jan 27 (PTI) Cement maker Dalmia Bharat Ltd on Thursday reported a 59.2 per cent decline in its consolidated net profit to Rs 73 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 179 crore during the corresponding quarter a year ago, Dalmia Bharat said [...]
Mumbai, Jan 27 (PTI) Mahindra Logistics Ltd (MLL) reported a sharp 72 per cent year-on-year decline in profit after tax (PAT) to Rs 5 crore for the December 2021 quarter. The company had posted a PAT of Rs 18 crore in the same quarter a year ago, MLL said in a statement. The revenue, however, [...]
New Delhi, Jan 27 (PTI) The initial public offering of edible oil major Adani Wilmar received a 57 per cent subscription on the first day of the issue on Thursday. The IPO received bids for 7,04,43,165 shares as against 12,25,46,150 shares on offer, according to an update on the BSE. The portion for retail individual [...]
New Delhi, Jan 27 (PTI) The government has settled over Rs 61,000 crore of Air India's legacy debt and other liabilities that were left in AIAHL -- the company holding residual assets and liabilities of the airline -- ahead of the transfer of the national carrier to the Tata Group, a top official said on [...]
New Delhi, Jan 27 (PTI) Punjab National Bank (PNB) on Thursday reported a two-fold jump in standalone net profit to Rs 1,126.78 crore for the third quarter ended December, as bad loans marginally declined. The country's second-largest public sector lender had earned a net profit of Rs 506.03 crore in the year-ago period. However, total income [...]
New Delhi, Jan 27 (PTI) Birlasoft, part of the USD 2.4-billion diversified C K Birla Group, on Thursday reported an 18.2 per cent jump in consolidated net profit to Rs 114 crore for the December 2021 quarter. The IT services company had posted a profit of Rs 96.4 crore in the October-December 2020 period, Birlasoft [...]
Electronic goods exports rose by 49 per cent to USD 11 billion during April-December 2021 as against USD 7.4 billion in the same period of the previous year, the commerce ministry said on Thursday. Top five export destinations were the US, UAE, China, Netherlands and Germany, it added. Mobile phones constituted a major chunk of [...]
Enterprise communication services firm Route Mobile on Thursday posted 28.33 per cent rise in consolidated profit at Rs 48.27 crore for the third quarter ended December 31, 2021. The company had posted a profit after tax of Rs 37.62 crore in the same period a year ago. Revenue from operations increased to Rs 567.49 crore [...]
New Delhi, Jan 27 (PTI) TVS Motor Company on Thursday said it has acquired a 75 per cent stake in Switzerland's largest e-bike player, Swiss E-Mobility Group AG (SEMG), for USD 100 million. The acquisition reaffirms the company's commitment to expanding operations in Europe through a portfolio of premium and technology leading brands, including Norton [...]
