New Delhi, Jan 24 (PTI) Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Monday said subsidies and tax rebates under the FAME II policy are extremely important to push for faster adoption of electric vehicles. The company, which markets two scooters - Ather 450X and the Ather 450 Plus - also sought the inclusion of [...]
New Delhi, Jan 24 (PTI) Ola Electric on Monday said it has raised over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at USD 5 billion. In September last year, Ola Electric had announced raising a similar amount in funding from [...]
New Delhi, Jan 24 (PTI) Shares of Vodafone Idea tumbled over 5 per cent in early trade on Monday after the company reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021. The telecom operator's stock tanked 5.46 per cent to Rs 11.25 on the BSE. At the [...]
New Delhi, Jan 24 (PTI) Shares of ICICI Bank on Monday gained nearly 2 per cent after the firm reported an 18.8 per cent jump in its December quarter consolidated net profit. The stock jumped 1.76 per cent to Rs 818.80 on the BSE. At the NSE, it gained 1.51 per cent to Rs 816.70. [...]
Mumbai, Jan 23 (PTI) TCS is aiming for a high double-digit growth in revenues from Canada in the next few years as the North American country's economy grows across sectors and digitisation becomes an essential aspect for businesses, a senior official has said. TCS Canada, a wholly-owned subsidiary of India's largest IT exporter dedicated to [...]
The third week of January 2022 showed the quarterly results of many big Indian corporates like Reliance Industries, Asian Paints, HUL, Bajaj Finance, Ultratech, SBI Life, and more. Here is the weekly wrap-up of the Q3 corporate result announcements. Reliance posts best quarterly performance, Net profit at Rs 18,549 cr in Q3 Billionaire Mukesh Ambani’s Reliance [...]
New Delhi, Jan 23 (PTI) IPO-bound fintech firm Mobikwik is expecting to close the current financial year with 100 per cent revenue growth, a top company official said. Mobikwik chairperson and chief operating officer Upasana Taku told PTI that the company's initial public offer (IPO) is a monumental opportunity for the company and will not [...]
Ludhiana-based Vardhman Textiles on Saturday reported a consolidated profit-after-tax of Rs 431.51 for the third quarter ended December 2021. The group had reported a profit after tax of Rs 174.85 crore in the year-round period. Its total income for the quarter under review rose to Rs 2,666.8 crore as against Rs 1,806.85 crore in the [...]
Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021. The company had posted a loss Rs 4,532.1 crore in the same period a year ago. Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs [...]
New Delhi, Jan 21 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 41.5 per cent rise in its third-quarter net profit, helped by an uptick in two 'Rs' -- refining and retail, a recent tariff hike accelerating growth at Jio and a one-off gain from sale of US shale gas business. The [...]
