A First Information Report (FIR) was registered here against Google, its CEO Sundar Pichai and seven others over a complaint filed by a film producer under the copyright act, Mumbai police said on Wednesday. The search engine giant said in its reaction that it has a set mechanism which copyright owners can use to protect [...]
The Indian government is likely to hand over Air India to the Tata Group on Thursday, nearly 69 years after it was taken from the conglomerate, officials said on Wednesday. After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited - a subsidiary of the [...]
New Delhi, Jan 26 (PTI) Tata Consultancy Services (TCS) has become the second most valuable brand in the IT services sector globally, while Infosys and four other Indian tech majors have firmly established their position among the top 25 IT services brands tally, according to Brand Finance. Following TCS and Infosys (third spot), there are [...]
Mumbai, Jan 26 (PTI) Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80 C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax [...]
Pune-based farm pipes major Finolex Industries on Tuesday reported a massive 30.5 per cent decline in net income to Rs 1,177.8 crore for the three months to December 2021 from Rs 255.9 crore a year ago, even though revenue declined only 5.7 per cent to Rs 1,005.25 crore. The bottomline (profit) was hit as the [...]
Indiabulls Real Estate Ltd (IBREL) on Tuesday reported a consolidated net loss of Rs 87.21 crore for the quarter ended December. Its net profit stood at Rs 80.58 crore in the year-ago period, according to a regulatory filing. Total income fell to Rs 355.59 crore in the third quarter of this fiscal, from Rs 756.81 [...]
New Delhi, Jan 25 (PTI) Inox Wind Energy on Tuesday said it has got shareholders' approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants. The approval was received at its Extraordinary General Meeting (EGM) on Tuesday. The convertible warrants will be issued at the rate of Rs 847 per [...]
Raymond Ltd on Tuesday reported a multifold jump in its net profit of Rs 101.07 crore for the third quarter ended December 2021, helped by improved performance across the segment. The company had posted a net profit of Rs 22.18 crore during the corresponding quarter of the previous financial year, Raymond said in a regulatory [...]
New Delhi, Jan 25 (PTI) Edible oil major Adani Wilmar Ltd (AWL) on Tuesday said it has garnered Rs 940 crore from anchor investors, days before its initial public offering (IPO) roll-out. The company has decided to allocate around 4.09 crore equity shares to anchor investors at Rs 230 apiece, aggregating the transaction size to [...]
New Delhi, Jan 25 (PTI) Torrent Pharmaceuticals on Tuesday said its consolidated net profit declined by 16 per cent to Rs 249 crore for the third quarter ended December 2021 on account of muted performance in the US market. The drug maker had posted a net profit of Rs 297 crore in the October-December period [...]
