Kalyan Jewellers Q1 Results: PAT grew by 33% YoY
T. S. Kalyanaraman created Kalyan Jewellers and used an initial investment of 75 lahks to open the company's first jewellery store in Thrissur, Kerala, India, in 1993. The corporation also has a long history in the wholesale, retail, and trading of textiles. Kalyan Jewellers India on Wednesday reported a 33 per cent growth in consolidated [...]
TD Power Systems Q1 Results: Net profit grew by 24% YoY
One of the top producers of AC generators worldwide is TDPS. A world-class manufacturing facility is located in Turkey, and we have subsidiary offices in Germany, Japan, the US, and Bengaluru, India, where we were founded on April 16th, 1999. TD Power Systems on Wednesday posted over 24 per cent rise in consolidated net profit [...]
Bharat Forge Q1 Results: Net profit increased by 33.27% YoY
Bharat Forge is expanding its position as a major supplier of automobile engine parts on the world market. More than 130,000 tons of steel and aluminium crankshafts, connecting rods, and camshafts are produced by Bharat Forge for use in passenger vehicles and SUVs. Auto components major Bharat Forge Ltd on Wednesday reported a 33.27 per [...]
EIH Q1 Results: Net profit grew by 61%
EHI International has supplied high-quality technical help, program expertise, and analytical services since 1999. It also offers a comprehensive range of consulting and management services. Hospitality firm EIH Ltd on Tuesday reported an increase of 61 per cent in its consolidated net profit to Rs 106.03 crore in the June quarter. EIH, the flagship company [...]
Adani Ports & SEZ’s Q1 Results: Profit increased by 80%
APSEZ ( Adani Ports and Special Economic Zone Ltd) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. It is present across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. Adani Ports and Special Economic [...]
Birla Corp Q1 Results: Net profit declined by 3.6%
The M.P. Birla Group, one of India's major industrial conglomerates, was founded in 1919. The business is a market leader in the cement sector. having a significant presence in northern, central, and eastern India. The M.P. Birla Group, regarded as a pioneer in the cable industry, has partnerships with international behemoths like Furukawa. Post-tax profit [...]
Top Latest News on Company Results
Mahindra & Mahindra total sales up 35% in March
New Delhi, Apr 1 (PTI) Mahindra & Mahindra (M&M) on Friday said its total sales increased by 35 per cent to 54,643 units in March as compared with the year-ago period. The Mumbai-based auto major had dispatched 40,403 units in March 2021. The company sold 27,603 passenger vehicles last month in the domestic market as [...]
Nissan India reports 25% decline in domestic wholesales in March
New Delhi, Apr 1 (PTI) Automaker Nissan India on Friday reported a 25 per cent decline in domestic wholesales at 3,007 units in March. The company had registered 4,012 units in domestic wholesales in March 2021. The domestic wholesales of the company were at 37,678 units in the fiscal ended March 2022, Nissan India said [...]
Hyundai sales dip 14% in March to 55,287 units
New Delhi, Apr 1 (PTI) Hyundai Motor India on Friday said its total sales declined 14 per cent to 55,287 units in March, as compared with same month last year. The company had dispatched 64,621 units to its dealers in March 2021. For 2021-22 fiscal, the company reported total sales of 6,10,760 units, up by [...]
Kia India reports best-ever monthly sales in March with dispatch of 22,622 units
New Delhi, Apr 1 (PTI) Automaker Kia India on Friday reported its best-ever monthly sales in March at 22,622 units.The company said its wholesales last month increased by 18 per cent to 22,622 units compared to the same month last year.In March, Seltos remained the company’s best-seller with 8,415 unit sales, while the newly launched [...]
Maruti Suzuki sales up 2% at 1,70,395 units in March
New Delhi, Apr 1 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 2 per cent rise in total wholesales to 1,70,395 units in March.The company had sold 1,67,014 units in March 2021, MSI said in a statement.Last month, the company's domestic dispatches, however, declined 7 per cent to 1,43,899 units [...]
Toyota Kirloskar sells 17,131 units in March; its highest ever monthly sales in five years
Toyota Kirloskar Motor (TKM) on Friday reported total wholesales of 17,131 units in March, its best-ever monthly sales in five years. Last month, the company's dispatches rose by 14 per cent compared to 15,001 units in March 2021. The automaker also registered a 58 per cent cumulative growth in FY2021-22 by clocking wholesales of 1,23,770 [...]
Skoda reports best monthly sales in March; dispatches rise five-fold to 5,608 units
New Delhi, Apr 1 (PTI) Skoda Auto India on Friday reported a five-fold increase in its sales to 5,608 units in March compared to 1,159 units in the same month last year.This is the highest ever sales volume clocked in a month by the automaker in its two-decade history in India.The previous monthly high for [...]
APL Apollo sales grow 27% to over 5.5 lakh tonne in Jan-Mar
New Delhi, Apr 1 (PTI) APL Apollo Tubes Limited on Friday said its sales grew about 27 per cent to 5,51,723 tonne in the fourth quarter ended March 31, 2022.The company had clocked 4,35,348 tonne sales in January-March 2020-21, structural steel tube maker said in a statement.For the entire 2021-22 fiscal, APL Apollo registered a [...]
Print media revenue set to rebound by 20% to Rs 27,000cr: Report
Mumbai, Mar 31 (PTI) Aided by low base and the rising advertising and subscription revenue, the print media is likely to clock a 20 per cent topline growth to Rs 27,000 crore next fiscal, but soaring newsprint prices may tear off 300-350 bps of operating profitability for the sector, says a report. In a report [...]
NTPC Group’s power output up 14.6% to 360 billion units in 2021-22
New Delhi, Mar 31 (PTI) Government-owned power giant NTPC along with its joint ventures and subsidiaries clocked highest ever annual electricity generation of 360 billion units in 2021-22, registering a growth of 14.6 per cent compared to the previous year. The country's largest power producer also recorded the maximum single-day generation of 1,215.68 MU (Group) [...]
Hemani Industries files draft papers for Rs 2,000 crore IPO
New Delhi, Mar 29 (PTI) Agrochemical manufacturer Hemani Industries Ltd has filed preliminary papers with Sebi to raise Rs 2,000 crore through an initial public offering. The Initial Public Offering (IPO) will comprise fresh issue of equity shares aggregating up to Rs 500 crore and an Offer For Sale (OFS) of equity shares worth up [...]
Okinawa expects to close this fiscal with record Rs 800 cr revenue
Mumbai, Mar 29 (PTI) The second-largest electric scooter maker Okinawa Autotech, which has sold around 1 lakh units so far this fiscal, is expecting to close the outgoing fiscal with record revenue of around Rs 800 crore.One lakh unit sales mean the Gurugram-based company, which is a pioneer in the EV space since 2015, has [...]
Significant headroom for ARPUs to rise: Bharti Airtel asserts at analyst meet
New Delhi, Mar 28 (PTI) Telecom operator Bharti Airtel's management has affirmed ambitions of Rs 300 ARPU with further tariff hikes and continued 'premiumisation' during a recent analyst meet, according to multiple brokerage reports. Credit Suisse, in a note on Bharti Airtel, said that while the 5G auctions are likely in the first quarter (Q1) [...]
Tata AIA Life expects total premium income to cross Rs 14,000 cr in FY22: CEO
New Delhi, Mar 28 (PTI) Tata AIA Life Insurance's total premium income is likely to grow over 30 per cent to cross Rs 14,000 crore in the current fiscal, a top company official has said. The industry growth for the first 10 months of the year has been about 20 per cent mainly because of [...]
Godrej Properties aims Rs 2,000 cr revenue from 33-acre housing project in Bengaluru
New Delhi, Mar 28 (PTI) Realty firm Godrej Properties Ltd on Monday said it has entered into an agreement to develop a 33-acre land parcel in Bengaluru and expects around Rs 2,000 crore revenue from this upcoming residential project.The land is located in the residential micro-market of Bannerghatta Road in South Bengaluru, Godrej Properties said [...]
Adani, Tata AIG, ICICI Lombard among 54 prominent bidders for Reliance Capital
New Delhi, Mar 27 (PTI) Adani Finserve, ICICI Lombard, Tata AIG, HDFC Ergo, and Nippon Life Insurance are among the 54 prominent firms that have expressed interest to acquire debt-ridden Reliance Capital Ltd, promoted by the Anil Ambani Group, sources said. The last date for submission of bids for the debt-ridden firm had been extended [...]
Bank of Maharashtra bags best bank award from Kerala bankers’ body
New Delhi, Mar 27 (PTI) Bank of Maharashtra (BoM) has received the best bank award at national level under the public sector category from State Forum of Bankers' Clubs Kerala (SFBCK). Kerala's Industries and Commerce Minister P Rajeeve handed over the award to BoM Managing Director A S Rajeev, the bank said in a statement [...]
BMW India to hike vehicle prices by up to 3.5% from April
New Delhi, Mar 25 (PTI) Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3.5 per cent from April 1 to offset the impact of rise in input costs. The price increase will be brought into effect to adjust the material and logistics costs, impact [...]
Gujarat Polysol Chemicals files DRHP for Rs 414-crore IPO
New Delhi, Mar 25 (PTI) Chemical manufacturer Gujarat Polysol Chemicals Ltd (GPCL) has filed its preliminary papers with Sebi to raise Rs 414 crore through an initial public offering. The initial share sale comprises a fresh issue of equity shares aggregating up to Rs 87 crore and an offer-for-sale (OFS) of equity shares aggregating up [...]
Motherson Sumi bags order from Boeing to manufacture and supply molded polymer parts
Auto components major Motherson on Thursday said it has bagged an order from Boeing to manufacture and supply aftermarket molded polymer parts for commercial airplane interiors. This is the first order for Motherson from Boeing and will commence from the third quarter of FY23. It will be produced at a plant situated in Noida, the [...]
IOC, BPCL, HPCL lost USD 2.25 bn in revenue due to fuel price freeze: Moody’s
India's top fuel retailers IOC, BPCL and HPCL together lost around USD 2.25 billion (Rs 19,000 crore) in revenue for keeping petrol and diesel prices on hold during elections in five states, including Uttar Pradesh, Moody's Investors Services said on Thursday. State fuel retailers did not revise petrol and diesel rates for a record 137 [...]
AAI received Rs 13,439 cr revenue from Delhi, Mumbai airports in five years: Govt
New Delhi, Mar 24 (PTI) State-owned Airports Authority of India (AAI) received revenues worth around Rs 13,439 crore from Delhi and Mumbai airports in the last five financial years, according to the civil aviation ministry. Under Public Private Partnership (PPP), Delhi and Mumbai airports were handed over to the private partners in 2006. "During the [...]
Adani Wilmar plans acquisition of brands and processing units in mass rice segment
Kolkata, Mar 23 (PTI) Country's largest commodity company Adani Wilmar is betting big on staples and scouting for acquisition of regional rice brands and processing units in several states of the country, a top company official said. The company will launch branded daily-use rice under the fortune brand beginning with West Bengal from early April. [...]
Punjab Assembly passes vote-on-account of Rs 37,120 cr for Q1 FY23
Chandigarh, Mar 22 (PTI) The Punjab Assembly on Tuesday passed a vote-on-account of more than Rs 37,120 crore to meet the state government's expenditure for the first three months (April-June) of the 2022-23 financial year. Finance Minister Harpal Singh Cheema moved the Punjab Appropriation (Vote-On-Account) Bill, 2022 on the concluding day of the assembly session [...]
Tata Motors to hike prices of commercial vehicles from Apr 1
New Delhi, Mar 22 (PTI) Homegrown auto major Tata Motors on Tuesday said it will hike prices of its commercial vehicles range by 2-2.5 per cent, depending upon individual model and variant, from April 1.The increase in the prices of commodities, such as steel, aluminium and other precious metals -- in addition to higher costs [...]
Axtria expects USD 100 mn revenue from India in next 3-5 yrs
New Delhi, Mar 22 (PTI) US-based software firm Axtria expects its India revenue to grow multifold to USD 100 million in the next three to five years as more domestic companies are opting for modern technology tools, a senior company official has said.Axtria CEO Jaswinder Chadha said the company also expects to more than double [...]
Godrej Properties sells homes worth Rs 1,002 cr so far this fiscal in Pune township
New Delhi, Mar 21 (PTI) Godrej Properties Ltd on Monday said the company has sold homes worth Rs 1002 crore so far this fiscal in its township at Pune, Maharashtra.In a regulatory filing, Goderej Properties Ltd (GPL) informed that it has "achieved FY22 sales worth Rs 1,002 crore for its township project Riverhills in Mahalunge, [...]
TCI lines up Rs 250 cr capital expenditure for FY23
Mumbai, Mar 20 (PTI) Logistics firm Transport Corporation of India is planning to line up a capital expenditure of around Rs 250 crore for the next fiscal, a top company executive has said.Of the total capital expenditure (Capex), the company is expected to spend Rs 100-125 crore on ships and containers, the executive added.The company [...]
Centuary Mattress Launches a Sleep Rejuvenation Program on World Sleep Day
In honor of World Sleep Day, Centuary’s new campaign intends to allow people to experience the power of better sleep through a sleep rejuvenation program Hyderabad, India – Business Wire India On the occasion of World Sleep Day, Centuary Mattress, India’s fastest-growing mattress brand with a three-decade of legacy, has announced its new campaign, Sleep [...]
SJVN bags 100-MW solar project in Gujarat
New Delhi, Mar 17 (PTI) State-owned SJVN on Thursday said it has bagged a 100-megawatt (MW) grid-connected solar power project in Gujarat under a tariff-based competitive bidding. In a statement, SJVN Chairman and Managing Director Nand Lal Sharma said the company has secured the 100-MW grid-connected solar power project in Gujarat through tariff-based competitive bidding [...]
Godrej Properties sells 855 homes worth Rs 1,650 crore in Noida project
New Delhi, March 17 (PTI) Realty firm Godrej Properties Ltd on Thursday said it has sold 855 homes worth Rs 1,650 crore within a year of the launch of its project Godrej Woods in Noida.This includes sales of Rs 509 crore in March 2021 and Rs 1,141 crore so far in FY22, the company said [...]
SGX Nifty IFSC to run on TCS trading platform
Mumbai, Mar 16 (PTI) Tata Consultancy Services, which controls over 40 per cent of the capital markets infrastructure solutions, has won a contract from Singapore Stock Exchange to run trading and settlement platforms for the upcoming SGX Nifty Exchange at International Financial Services Centre in Gandhinagar.To be known as NSE IFSC-SGX Connect, the platform will [...]
La Tim Metal & Industries Ltd. plans expansion into Industrial Park
MUMBAI, India, March 16, 2022 /PRNewswire/ -- La Tim Metal & Industries (BSE: LATIMMETAL) (Script Code # 505693), a listed company has been in the steel trade since 1987 and deals with Colour Coated Steel Sheets. La Tim has an un-utilized land parcel in Khopoli - Pali, Raigad district with huge business potential. With the [...]
Oben Electric launches motorcycle Rorr at Rs 99,999 onwards
New Delhi, Mar 15 (PTI) Electric two-wheeler start-up Oben Electric on Tuesday launched its motorcycle 'Rorr' with prices starting at Rs 99,999 (ex-showroom). The electric motorcycle has a top speed of 100 kmph and comes with a range of 200 km on a single charge. The battery can be fully charged in 2 hours, the [...]
Macrotech arm prepays USD 170 mn debt out of total USD 225 million
New Delhi, Mar 15 (PTI) Realty firm Macrotech Developers on Tuesday said its arm Lodha Developers International Ltd, Mauritius has prepaid USD 170 million (approx. Rs 1,298 crore) of debt after recording better sales performances in its two projects in London. In a regulator filing, Macrotech informed that its wholly-owned subsidiary has redeemed "Notes of [...]
Pokémon Kids TV celebrates its 1st anniversary with Cat’s Kitchen ‘Sweets Paradise’
NEW DELHI, March 15, 2022 /PRNewswire/ -- Pokémon Kids TV marked its first anniversary. This is an official Pokémon YouTube learning channel that offers a wide range of content for children, such as Pokémon songs, nursery rhymes, and educational content. Pokémon Kids TV also highlights its growing popularity from kids all over the world, surpassing [...]
Flexi-staffing industry dodges Omicron fears, maintains 21.5% growth in Q3: report
New Delhi, Mar 14 (PTI) Flexi-staffing industry has dodged Omicron fears and grew by 21.5 per cent in the third quarter of FY2022 compared to the year-ago period, a report by the Indian Staffing Federation (ISF) said. The IT and ITeS, e-commerce, retail, logistics, and hospitals were among the top hiring sectors in Q3 FY22, [...]
MFIs’ gross loan portfolio up 1.86 pc to Rs 2,32,126 cr in Q3 FY22: Sa Dhan
Mumbai, Mar 14 (PTI) Microfinance industry's gross loan portfolio (GLP) grew 1.86 per cent year-on-year to Rs 2,32,126 crore in the quarter ended December 2021 as against Rs 2,27,893 crore in the same period of the previous fiscal, according to a report by Sa-Dhan. Sa-Dhan is an RBI-recognised self-regulatory organisation for microfinance institutions (MFIs). Total [...]
Power Mech Projects bags order worth Rs 2,120 cr under Jal Jeevan Mission
New Delhi, Mar 14 (PTI) Infrastructure-construction firm Power Mech Projects has bagged orders worth Rs 2,120 crore under the Jal Jeevan Mission programme, a company statement said on Monday. The company has won the new orders under the Phase-III of the Jal Jeevan Mission covering 2,120 villages in Pratapgarh, Fatehpur and Meerut districts of Uttar [...]
Shriram Housing Finance looks to double loan-book to Rs 10,000 cr by FY24
Mumbai, Mar 13 (PTI) The fifth largest affordable housing player Shriram Housing Finance has set a target of doubling its loan-book to Rs 10,000 crore and become the third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore. Shriram Housing Finance, promoted by Shriram [...]
M1xchange eyes doubling customer base, transaction value of Rs 30K cr in FY23
New Delhi, Mar 13 (PTI) M1xchange, an online platform for discounting trade receivables of MSMEs, is targeting to double its customer base and hit transaction value of Rs 30,000 crore in the next fiscal year, as the market has huge growth potential, the company's top official said. The invoice discounting of the due payments of [...]
Birla Estates targets Rs 11,000 cr sales revenue from 14-acre luxury housing project at Worli, Mumbai
New Delhi, Mar 13 (PTI) Realty firm Birla Estates expects sales revenue of around Rs 11,000 crore from its newly launched luxury housing project in south Mumbai and has already sold properties worth Rs 1,000 crore, its CEO K T Jithendran said. Birla Estates Pvt Ltd, which is a wholly-owned subsidiary of BK Birla group's [...]
Vikas Lifecare plans Rs 120 cr capex to expand operations
New Delhi, Mar 11 (PTI) Polymer products trading firm Vikas Lifecare is planing a capital expenditure of about Rs 120 crore to expand operations, the company said on Friday.The company also plans to hire 250-300 people to support its new projects, the NSE-listed company said in a statement. Under the expansion plans, the company will set up an ethanol project [...]
Birla Niyaara Clocks Record Sales Booking of Rs 1000 Cr
The 14-acre integrated development at the heart of Worli is a flagship project of Birla Estates Mumbai, Maharashtra, India – Business Wire India Birla Niyaara, the flagship project of Birla Estates Pvt Ltd, has received an overwhelming response and recorded sales of INR 1000 Crore booking value making it the most successful launch in MMR [...]
KPTL receives LoI for Rs 3,276-cr order
New Delhi, Mar 10 (PTI) Kalpataru Power Transmission Limited (KPTL) on Thursday said it has received the letter of intent (LoI) for an order worth Rs 3,276 crore. In a statement, the company said the LoI is for a "prestigious project" involving design, engineering, supply and construction of a HVDC power transmission line of 700 [...]
Ukraine war set to take sheen off diamantaires, sales seen falling by 30% in Q1: Report
Mumbai, Mar 9 (PTI) The crippling economic sanctions imposed by the US and European nations on Russia following its invasion of Ukraine threaten to take the sheen off the domestic diamond industry, culling its sales by 25-30 per cent worth USD 2-2.5 billion in the next quarter alone, a report has warned. The domestic diamond [...]
Gold loan player Indel Money eyes Rs 1,000 cr loan book next fiscal
Mumbai, Mar 9 (PTI) The Kochi-based non-banking lender Indel Money that has pioneered long-term credit in the gold loan industry, is eyeing a loan book of Rs 1,000 crore next fiscal. The company is also in talks with private equity funds to raise around Rs 400 crore for a 15 per cent stake as it [...]
L&T Construction bags ‘significant’ order from Delhi Metro
New Delhi, Mar 9 (PTI) L&T Construction has won a significant order from Delhi Metro Rail Corporation (DMRC) to design and construct the underground metro project of Phase-IV of Delhi MRTS. L&T Construction is the construction arm of infrastructure major Larsen & Toubro (L&T). "The heavy civil infrastructure business vertical of L&T Construction has won [...]
Micro loans disbursed by BFIL sans customers’ consent: IndusInd; panel to assess accountability
New Delhi, Mar 9 (PTI) IndusInd Bank has set up a panel to assess the accountability of its staff, if any, in the matter related to disbursal of loans by its microfinance subsidiary BFIL without the consent of customers during March 2020-October 2021. The bank said audit firm Deloitte has submitted its report, according to [...]
NAT\nMicro loans without consent by BFIL due to technical glitch; panel to assess staff’s accountability, if any: IndusInd Bank
New Delhi, Mar 8 (PTI) Private sector IndusInd Bank on Tuesday said the microfinance loan disbursals by its subsidiary during the Covid period was a result of a "technical glitch", according to the findings of the audit firm Deloitte and the bank has set up a panel to assess its staff's accountability, if any.The matter [...]
Spent Rs 680 cr on CSR in last 10 yrs: HCL Foundation
New Delhi, Mar 7 (PTI) HCL Foundation on Monday said it has invested Rs 680 crore in the last 10 year to create an impact on society through transformational work. The corporate social responsibility (CSR) arm of HCL Technologies also announced a Rs 16.5 crore grant for NGOs in their effort to transform lives in [...]
Tata Motors bags order for 65 EVs from KSEB
New Delhi, Mar 7 (PTI) Homegrown auto major Tata Motors on Monday said it has bagged a contract for 65 electric vehicles (EVs) from Kerala State Electricity Board (KSEB). The order includes 60 Tigor EVs and 5 Nexon EV SUVs. It is part of a competitive pan-India tender floated by KSEB in line with the [...]
Infallible Pharma Bullish on Indian Market, Targets Rs. 1000 Crore Revenue in Next Five Years
Infallible Pharma is the leading producer of critical care medicines in India. Infallible Pharma has achieved number one position in Heparin Sodium injection & Enoxaparin Sodium injection Mumbai, Maharashtra, India (NewsVoir) Infallible Pharma, a certified pharmaceutical company of Indian origin is all set to gain deeper market penetration and achieve Rs. 1000 crore revenue in [...]
Shriram Housing loan-book grows 45% to cross Rs 5,000-cr so far this fiscal
Mumbai, Mar 7 (PTI) Affordable housing player Shriram Housing Finance has said its AUM or live loan grew 45 per cent so far this fiscal to cross the Rs 5,000-crore-mark, making it the fifth-largest in the low-cost housing loan segment.The company, however, missed the target by two months due to the third wave of the [...]
Rebel Foods expects to double revenue this year at Rs 800 cr
Mumbai, Mar 4 (PTI) Goldman and Sequoia-backed Rebel Foods, which claims to be the largest cloud kitchen with over 4,500 stores, is expecting to double its revenue to about Rs 800 crore in the current fiscal and expand overseas presence by entering more markets in Southeast Asia, Middle East & Northern Africa and the European [...]
Audi to hike vehicle prices up to 3 pc from April
New Delhi, Mar 3 (PTI) German luxury car maker Audi on Thursday said it will increase prices across its product range in India by up to 3 per cent from April 1. The price hike is a result of rising input costs and will come into effect from April 1, 2022, the automaker said in [...]
NMDC Apr-Feb output jumps 26%; sales up 25.5%
New Delhi, Mar 2 (PTI) State-owned miner NMDC has posted a 26 per cent jump in its iron ore output to 37.18 million tonnes (MT) during April-February period of 2021-22, an official statement said on Wednesday. During the year-ago period, the company had produced 29.52 MT of iron ore, the Ministry of Steel said. In [...]
WardWizard Innovations sales jump over 13-fold in Feb
New Delhi, Mar 2 (PTI) WardWizard Innovations and Mobility -- which sells a range of electric two-wheelers under the Joy e-bike brand -- on Wednesday said it has sold 4,450 units in February.The company had sold 320 vehicles in the same month of the last year.The Gujarat-based EV maker said the dispatches last month were [...]
Sensex snaps 2-day gains as Russia-Ukraine conflict escalates; Tata Steel, RIL spurt
Mumbai, Mar 2 (PTI) Reversing their two-session rising streak, equity benchmarks buckled under selling pressure on Wednesday as the Russia-Ukraine war hammered investor confidence and roiled financial markets globally. A sharp depreciation in the rupee, unabated selling by foreign investors and lacklustre macroeconomic data added to the gloom, analysts said. The 30-share BSE Sensex opened [...]
TABPS Pets Raises 4cr Seed Money From Angel Investors
TABPS announced that it has raised Rs. 4 crore as a part of its seed funding round from a group of angel investors. TABPS Pets is a start-up based out of Coimbatore, Tamil Nadu. TABPS owns the FiloMilo brand which is engaged in the manufacturing of Ayurvedic powered Pet Treats and grooming items FiloMilo has [...]
Kia India sales rise 8.5 pc in February
New Delhi, Mar 2 (PTI) Kia India on Wednesday said its sales increased 8.5 per cent year-on-year to 18,121 units in February. The automaker had dispatched 16,702 units to dealers in February 2021. The company said it continues to remain one of the top five selling car manufacturers in the country, owing to the consistent [...]
Kia India sales rise 8.5 pc in February
New Delhi, Mar 2 (PTI) Kia India on Wednesday said its sales increased 8.5 per cent year-on-year to 18,121 units in February.The automaker had dispatched 16,702 units to dealers in February 2021.The company said it continues to remain one of the top five selling car manufacturers in the country, owing to the consistent performance of [...]
Royal Enfield sales dip 15 pc in February
New Delhi, Mar 1 (PTI) Mid-sized motorcycle maker Royal Enfield, part of Eicher Motors, on Tuesday said its total wholesales declined by 15 per cent to 59,160 units in February. The company had reported sales of 69,659 units in the same month last year. Domestic sales declined by 20 per cent to 52,135 units last [...]
TVS Motor sales drop 5 pc in Feb at 2,81,714 units
New Delhi, Mar 1 (PTI) TVS Motor Company on Tuesday reported a 5 per cent dip in total sales to 2,81,714 units in February. The company had posted a total sales of 2,97,747 units in the same month last year, TVS Motor Company said in a statement. Total two-wheelers sales were lower at 2,67,625 units [...]
Ashok Leyland total sales rise 7% in Feb
New Delhi, Mar 1 (PTI) Hinduja flagship firm Ashok Leyland on Tuesday reported a 7 per cent rise in commercial vehicle sales to 14,657 units in February.The company had sold 13,703 units in the same month last year, Ashok Leyland said in a statement.Domestic sales were up 4 per cent at 13,281 units against 12,776 [...]
Maruti Suzuki sales decline marginally in February
New Delhi, Mar 1 (PTI) The country's largest car maker Maruti Suzuki India (MSI) on Tuesday reported a marginal drop in total wholesales at 1,64,056 units in February. The company had sold 1,64,469 units in February 2021, MSI said in a regulatory filing. Last month, the company's domestic sales slipped 8.46 per cent to 1,40,035 [...]
All India House Price Index rises 3.1 pc in Q3: RBI data
Mumbai, Feb 28 (PTI) The All India House Price Index (HPI) rose 3.1 per cent in the third quarter of the fiscal on an annual basis, according to data released by the Reserve Bank of India (RBI). The RBI releases its quarterly house price index (HPI) (base: 2010-11) based on transaction-level data received from housing [...]
Shapoorji Pallonji eyes Rs 525 cr sales revenue from new project in Mumbai
New Delhi, Feb 28 (PTI) Shapoorji Pallonji Real Estate on Monday said it expects Rs 525 crore sales revenue from its new luxury housing project in Mumbai.The company has launched Shapoorji Pallonji SKYRAA - a luxury residential project in Thane.A high street retail zone of around 40,000 square feet will also be developed within the [...]
Brigade Enterprises’ sales bookings up 14% Rs 1,995 cr in Apr-Dec on better housing demand
New Delhi, Feb 27 (PTI) Bengaluru-based realty firm Brigade Enterprises Ltd's sales bookings increased by 14 per cent to Rs 1,994.8 crore in the first nine months of this fiscal, mainly on the back of revival in housing demand. According to an investors presentation, the company sold properties worth Rs 1,994.8 crore during April-December period [...]
L&T’s CSR spend at Rs 150 cr in FY’21
New Delhi, Feb 27 (PTI) Engineering conglomerate Larsen and Toubro (L&T) spent Rs 150 crore in FY'21 on corporate social responsibility activities, impacting 1.21 million beneficiaries. The beginning of the current year was noteworthy for L&T's efforts in corporate social responsibility (CSR) as the company's CSR team handed over two Integrated Community Development Projects (ICDPs) [...]
Tata AIA Life Q3 Results: Premium grew 44% to Rs 1,193 cr
Tata AIA Life Insurance Co Ltd on Thursday said its individual weighted new business premium (IWNBP) jumped about 44 per cent to Rs 1,193 crore during the third quarter of fiscal 2021-22. The private life insurer had stood at Rs 831 crore in the year-ago period. For the nine-month period ended December 2021, it registered [...]
Tata AIA Life continues to deliver strong business performance in Q3 FY22
Key highlights: • The Company registered Individual Weighted New Business Premium (IWNBP) of INR 1,193 Cr. in Q3 FY22, a growth of 44% over Q3 FY21 • For the first nine months of FY22, IWNBP increased by 32% to Rs. 2,786 Cr • For the same period, Retail Protection Premium grew by 89%. • Retail [...]
Godrej Appliances eyes 10 pc market share in AC segment in 2022
New Delhi, Feb 24 (PTI) Godrej Appliances aims to double its sales growth in the residential air condition segment this summer and increase the market share despite a recent price hike and inflationary pressure on inputs, said a top company official. It has however hinted at another price hike by the AC industry in April [...]
BMW drives in all-electric MINI Cooper SE at Rs 47.2 lakh
New Delhi, Feb 24 (PTI) German Luxury carmaker BMW on Thursday said it has launched the all-electric MINI 3-Door Cooper SE in India priced at Rs 47.2 lakh (ex-showroom). Available as a completely built-up unit (CBU), all units of the first lot were sold out during the pre-launch booking in Q4 2021. MINI India will [...]
Wonderchef enters diningware segment; eyes Rs 50 cr revenue in first year
Mumbai, Feb 23 (PTI) Leading kitchenware brand Wonderchef is entering the diningware/homeware segment and has set a target of selling Rs 50 crore in the first year of operations and will invest Rs 100 crore over the next three years towards design and product development. The company, co-founded by celebrity chef Sanjeev Kapoor and Ravi [...]
Maruti Suzuki expects sales momentum to continue with better chip supplies
New Delhi, Feb 23 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) expects its sales momentum to continue with gradual improvement in the semiconductor supplies and demand situation remaining robust in the domestic market, a top company official said on Wednesday. In an interaction with PTI on the sidelines of the launch of all-new [...]
GDP to be just 1 pc above pre-pandemic level in FY22; RBI may continue with easy policy: Patra
Mumbai, Feb 23 (PTI) India's GDP will be just one per cent above the pre-pandemic level even after the estimated 9.2 per cent growth in FY22, and this factor coupled with comfort on inflation make the RBI to continue with the accommodative monetary policy, RBI Deputy Governor M D Patra said on Wednesday. Making it [...]
Max Estates leases 1.05 lakh sq ft office space in Delhi’s Okhla at around Rs 16 cr annual rent
New Delhi, Feb 23 (PTI) Max group firm Max Ventures & Industries Ltd (MaxVIL) has completely leased 1.05 lakh square feet space in its office complex at Okhla in the national capital and will earn a rental income of around Rs 16 crore annually. MaxVIL, which is one of the three listed companies of the [...]
TVS Motor clocks 1 million exports in two wheeler segment in FY21-22
Chennai, Feb 23 (PTI): Two and three wheeler major TVS Motor Company on Wednesday said its exports in two wheeler segment clocked sales of one million (10 lakh) units, marking a significant milestone in the current financial year for the first time, the company said on Wednesday.The exports include the sales from TVS Motor and [...]
Husk Power Systems bags USD 4 mn finance for rural microgrids in India
New Delhi, Feb 22 (PTI) Smart Power India on Tuesday said its partner Husk Power Systems has bagged the largest-ever debt financing of USD 4 million for rural microgrids in India to construct 140 mini-grids in rural India. To encourage reliable access to electricity till the last mile, Smart Power India's partner Husk Power Systems [...]
Profits of insurers, manufacturing firms cannot be compared, says LIC chief
New Delhi, Feb 21 (PTI) LIC Chairman M R Kumar on Monday said profits of insurance companies cannot be compared with that of manufacturing companies as dynamics of the businesses are different. "Profit of insurance companies compared to other companies like manufacturing are different. In terms of surplus generation, more than Rs 50,000 crore (has [...]
PMJJBY policyholders eligible for LIC IPO at discount
New Delhi, Feb 21 (PTI) Subscribers of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are eligible for LIC initial public offering at a discount, Chairman of insurance company M R Kumar said on Monday. "PMJJBY is part of that and reservation will be there (for the policyholders)," Kumar said in an interaction with the media. [...]
HGS bags contract worth Rs 2,100 cr from UK Health Security Agency
New Delhi, Feb 20 (PTI) Hinduja Global Solutions (HGS) on Sunday said its UK arm has bagged a contract worth Rs 2,100 crore to provide critical customer support to UK citizens for an initial period of two years. HGS UK Ltd bagged the contract from UK Health Security Agency (UKHSA), which is responsible for NHS [...]
Puravankara Q3 sales bookings up 17% to Rs 666 cr; 9 pc growth in Apr-Dec
Realty firm Puravankara Ltd's sales bookings rose 17 per cent to Rs 666 crore in the third quarter of this fiscal year on the back of higher volumes as well as per square feet price realisation. According to its investors presentation, Puravankara sold 0.99 million square feet area during October-December 2021-22 as against 0.91 million [...]
BSH Home Appliances aims to be Rs 5,000 cr company by 2026
New Delhi, Feb 20 (PTI) BSH Home Appliances, which manufactures and sells products under Bosch and Siemens brands, aspires to be a Rs 5,000 crore company in India by 2026 by increasing its market addressability with expansion of product line-up, a top company official said. The company is growing at 25-30 per cent rate and [...]
KPTL announces merger with JMC Projects
New Delhi, Feb 19 (PTI) Kalpataru Power Transmission Ltd on Saturday announced a merger with JMC Projects (India) Ltd which will create one of the largest engineering, procurement and construction (EPC) companies in the country. With the appointed date of April 1, 2022, the merger process is expected to be completed in Q4 FY23, it [...]
Ambuja Cements Q4 Results: Consolidated net profit declines 55.5%
Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday reported a decline of 55.48 per cent in its consolidated net profit to Rs 430.97 crore for the fourth quarter ended December 31, 2021. The company, which follows the January-December financial year, had clocked a net profit of Rs 968.24 [...]
Ashok Leyland expects turnaround in CV biz, eyes 30% market share in FY23
New Delhi, Feb 17 (PTI) Ashok Leyland is eyeing a strong comeback this year as it looks to consolidate its position in the intermediate commercial vehicle (ICV) segment, reap benefits of enhanced demand for its modular AVTR range and bolster exports to new destinations across the globe, as per a top company official. The Hinduja [...]
Nestle India Q4 Results: Net profit dips 20%, net sales up 8.9%
FMCG major Nestle India Ltd on Thursday reported a 20 per cent decline in its net profit to Rs 386.66 crore for the fourth quarter ended on December 31, 2021, on account of a one-time exceptional item on change of pension scheme for its employees. The company, which follows a January-December financial year, had posted [...]
Ashok Leyland expects turnaround in CV biz, eyes 30 pc market share in FY23
New Delhi, Feb 17 (PTI) Hinduja flagship Ashok Leyland is eyeing a strong comeback in the commercial vehicle segment this year as it looks to consolidate its position in the intermediate commercial vehicle (ICV) segment and reap benefits of enhanced demand for its modular AVTR range, as per a top company official. The Chennai-based company [...]
Arman Financial Services Limited fires on all cylinders injected by solid organic growth as reported in its Q3 & 9M FY22 Financial Results
• Consolidated AUM crosses the ₹ 1,000 Crores Milestone, reaching ₹1,045 Crores - up by 45% YoY • Disbursements for the quarter at ₹ 296 Crores - up 63% YoY • PBT at ₹ 10 Crores - up by 192% QoQ & by 188% YoY • PAT at ₹ 7 Crores - up 140% YoY [...]
RailTel announces consolidated income of Rs 474.15 crore in Q3 of FY22
RailTel Corporation of India announced consolidated income of Rs 474.15 crore in Q3 of FY22, registering a quarter on quarter growth of 24.38 per cent over consolidated income of Rs 381.09 crore in Q2 of FY22, a statement from the company said. RailTel is a Central Public Sector Undertaking (CPSU) under the railway ministry. With [...]
NBCC Q3 net profit down 10 pc to Rs 87 cr
New Delhi, Feb 15 (PTI) State-owned NBCC Ltd has reported a 10 per cent decline in consolidated net profit at Rs 87.03 crore for the quarter ended December.Its profit stood at Rs 96.98 crore in the year-ago period.Total income also fell to Rs 2,056.31 crore in the third quarter of the fiscal from Rs 2,149.17 [...]
Coffee Day Global Q3 revenue up 28%; loss at Rs 23 cr
Coffee Day Global Ltd, which operates coffee chain CCD, has posted 27.58 per cent growth in net operational revenue at Rs 157.86 crore and narrowing of loss to Rs 23.01 crore, for December quarter 2021-22. The Cafe Coffee Day chain operator had logged a net operational revenue of Rs 123.73 for the year-ago period. Its [...]
Coffee Day Enterprises Q3 Results: Consolidated net profit at Rs 18.8 cr
Shares of Coffee Day Enterprises Ltd hit the upper circuit of 10% today share price at 60.9 Coffee Day Enterprises Ltd on Monday reported a consolidated net profit of Rs 18.80 crore for the third quarter ended on December 31, 2021. The company had posted a net loss of Rs 110.41 crore in the corresponding [...]
Jet Airways posts Rs 104 crore loss in December quarter
New Delhi, Feb 14 (PTI) Grounded Jet Airways on Monday posted a net loss of Rs 104.19 crore in the three months ended December 2021. The airline had a net loss of Rs 44.09 crore in the year-ago period, according to a regulatory filing. In the latest December quarter, the carrier, which is working on [...]
NLC India Q3 profit 26 rises to Rs 230 cr
New Delhi, Feb 14 (PTI) NLC India Ltd on Monday reported a 25.5 per cent rise in consolidated profit to Rs 229.88 crore for the quarter ended on December 31, 2021 compared to Rs 183.15 crore in the year-ago period. Consolidated income of the company during October-December period increased to Rs 2,845.08 crore from Rs [...]
JB Chemicals Q3 Results: PAT drops 45% to Rs 84 cr
New Delhi, Feb 14 (PTI) JB Chemicals & Pharmaceuticals Ltd on Monday reported a 45 per cent decline in consolidated profit after tax (PAT) at Rs 84.12 crore for the third quarter ended December 2021. The company had posted a consolidated PAT of Rs 154.28 crore in the same period last fiscal, JB Chemicals & [...]
Gateway Distriparks’ PAT jumps 44 pc to Rs 47.9 cr in Dec quarter
Mumbai, Feb 14 (PTI) Integrated inter-modal logistics provider Gateway Distriparks Ltd on Monday reported a 44 per cent year-on-year jump in profit after tax (PAT) to Rs 47.92 crore in the December 2021 quarter. The company had posted a PAT of Rs 33.24 crore in the corresponding period last fiscal, GDL said in a statement. [...]
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