Latest News On Company Results

New Delhi, Jan 5 (PTI) RBL Bank on Wednesday said its gross advances grew five per cent year-on-year to Rs 59,941 crore as of December 31, 2021. The bank said it is a provisional figure for Q3FY22. The private sector lender had gross advances amounting to Rs 57,092 crore by the corresponding period a year [...]

New Delhi, Jan 5 (PTI) Microfinance company Spandana Sphoorty Financial Ltd (SSFL) on Wednesday announced its financial results with a delay and posted a consolidated loss of Rs 57.94 crore for the second quarter ended September 2021. The company had posted a net profit of Rs 66.76 crore for the corresponding quarter of the previous [...]

New Delhi, Jan 5 (PTI) Larsen & Toubro (L&T) on Wednesday said its heavy engineering arm has won significant contracts for its various business segments in the third quarter of the ongoing financial year. The modification, revamp and upgrade (MRU) business of L&T Heavy Engineering has been awarded an important contract by a key hydrocarbon [...]

Bengaluru, Karnataka, India – Business Wire India • RBEI now Bosch Global Software Technologies (BGSW) to hire 5500+ engineers with a focus on niche skills like AI, ML, Cyber Security, Blockchain and other new-age technology skills in the areas of Automotive, IT and Digital. • The company will invest substantially to create platforms for innovation [...]

New Delhi, Jan 4 (PTI) Leading consumer electronics brand TCL Electronics has logged revenue of nearly USD 30 billion in the first three quarters of 2021, a growth of about 81 per cent, its Chairman DU Juan said. The China-based company, which is participating in CES, the annual consumer electronic show held at Las Vegas, [...]

New Delhi, Jan 4 (PTI) Bandhan Bank on Tuesday said its loans and advances grew 11 per cent to about Rs 89,213 crore as of December 31, 2021. The loans and advances stood at Rs 80,255 crore in the year-ago period. Its loans and advances by the end of December 2021 were before considering write-offs, [...]

New Delhi, Jan 4 (PTI) Thermax has bagged an order of Rs 545.6 crore for two flue-gas desulphurisation (FGD) systems. Thermax Ltd has concluded an order of Rs 545.6 crore from an Indian power public sector company to set up FGD systems for its two units of 500 megawatts (MW) capacity each in Uttar Pradesh, [...]

New Delhi, Jan 4 (PTI) L&T on Tuesday said its construction business has bagged a significant order from Delhi Metro Rail Corporation Ltd for the design and construction of the underground metro project Phase-1 of Patna Mass Rapid Transit System. The order has been awarded to heavy civil infrastructure business of L&T Construction, it said [...]

New Delhi, Jan 4 (PTI) Bank of Maharashtra on Tuesday said it has registered over 23 per cent growth in gross advances to Rs 1,29,052 crore at the end of December 2021. The bank's gross advances stood at Rs 1,04,904 crore at the end of December 31, 2020. According to a regulatory filing, deposits grew [...]

New Delhi, Jan 4 (PTI) Yes Bank's net advances grew by nearly 4 per cent to Rs 1,76,422 crore on a provisional basis as of December 31, 2021, the bank said on Tuesday. Net advances amounted to Rs 1,69,721 crore as of December 31, 2020. According to the provisional data released by the bank, the [...]

New Delhi, Jan 4 (PTI) Jindal Steel and Power Limited (JSPL) has manufactured 5.904 million tonnes (MT) steel in the April-December period of FY 2021-22, the company said on Tuesday. At 5.904 MT, the output was 9 per cent higher as compared to the production in the same period of the preceding fiscal, JSPL said [...]

New Delhi, Jan 3 (PTI) Vedanta Ltd on Monday said the cast metal aluminium production at its smelters stood at 5,79,000 tonnes in the third quarter of the current financial, registering an increase of 16 per cent. "The cast metal aluminium production at our smelters stood at 5,79,000 tonnes in Q3 FY22, higher 16 per [...]

New Delhi, Jan 3 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) witnessed a 2 per cent drop in production last month.In a regulatory filing, the auto major reported a total production of 1,52,029 units in December 2021 as compared to 1,55,127 units in the year-ago period.MSI said the total passenger vehicle production stood [...]

New Delhi, Jan 3 (PTI) FMCG major Marico on Monday said its consolidated revenue grew in "low teens" during October-December, hit by slowing consumption across the sector due to continuing inflation. The company expects its gross margin to improve sequentially but remain lower on a year-on-year basis, while its operating margins are expected to be [...]

Mumbai, Jan 3 (PTI) The assets under management (AUM) of small finance banks (SFBs) are expected to marginally register a growth of 20 per cent in the financial year 2020-21 compared with 18 per cent growth witnessed in the previous financial year, according to a report. However, the AUM growth will be lower compared to [...]

New Delhi, Jan 3 (PTI) Gross advances of CSB Bank grew 11.55 per cent to Rs 14,827.10 crore in the quarter ended December 31, 2021, according to the lender's provisional data released on Monday. In the corresponding quarter a year ago, the private sector bank had reported gross advances worth Rs 13,291.39 crore. Even as [...]

New Delhi, Jan 3 (PTI) NCC on Monday said it has received five new orders worth Rs 1,898 crore in December. Three orders worth Rs 988 crore pertain to the building division and the remaining two orders of Rs 910 crore pertain to the water division, NCC said in a BSE filing. "NCC has received [...]

Mumbai, Jan 3 (PTI) Gujarat-based WardWizard Innovations and Mobility Ltd, the maker of 'Joy e-bike' brand of electric two-wheelers, on Monday said it registered a 548 per cent y-o-y jump in sales to 3,860 units in December 2021. The company also said that for the first time, its December 2021 quarter (October-December) sales stood at [...]

Hosur, Tamil Nadu, India (NewsVoir) TVS Motor Company registered sales of 250,933 units in December 2021 as against sales of 272,084 units in the month of December 2020. Two-Wheeler Total two-wheelers registered sales of 235,392 units in December 2021 as against sales of 258,239 units in December 2020. Domestic two-wheeler registered sales of 146,763 units [...]

Mumbai, Dec 3 (PTI) Bajaj Auto on Monday said it sold 30 per cent more vehicles in the overseas market at over 2.5 million units in calendar year 2021 over the year earlier despite the challenging global environment. The 2.5-million vehicles exports in 2021 were also the highest ever for the company in a calendar [...]

New Delhi, Jan 1 (PTI) State-owned CIL reported a 3.3 per cent rise in coal production to 60.2 million tonnes (MT) in December.Coal India Ltd (CIL) had produced 58.3 MT of coal in the corresponding month of the previous fiscal, the PSU said in a BSE filing.The company's coal output increased to 413.6 MT during [...]

New Delhi, Jan 1 (PTI) Chennai-based TVS Motor Company on Saturday reported an 8 per cent decline in total sales to 2,50,933 units in December 2021.The company had sold a total of 2,72,084 units in the same month of 2020, TVS Motor said in a statement.The total two-wheelers sales last month stood at 2,35,392 units [...]

New Delhi, Jan 1 (PTI) Two-wheeler market leader Hero MotoCorp on Saturday reported a 12 per cent decline in total sales at 3,94,773 units in December 2021.The company had sold 4,47,335 units in the same month in 2020, Hero MotoCorp said in a statement.Domestic sales were also down 12 per cent at 3,74,485 units last [...]

New Delhi, Jan 1 (PTI) Mid-sized motorcycle maker Royal Enfield, a part of Eicher Motors, on Saturday reported a 7 per cent increase in total wholesales at 73,739 units in December.The company had reported sales of 68,995 units in the same month of 2020.Domestic sales last month stood at 65,187 units, marginally lower than 65,492 [...]

New Delhi, Jan 1 (PTI) Homegrown auto major Mahindra & Mahindra Ltd (M&M) on Saturday reported a 19 per cent decline in total tractor sales at 18,269 units in December 2021.The company had sold 22,417 units in the same month of 2020, M&M said in a statement.Domestic tractor sales were at 16,687 units last month [...]

New Delhi, Jan 1 (PTI) Maruti Suzuki India (MSI) on Saturday reported a 13 per cent year-on-year growth in wholesales during 2021, as it dispatched 13.97 lakh units to dealers during the period. The country's largest carmaker had dispatched 12.14 lakh units in 2020. In an interaction with PTI, MSI Senior Executive Director (Marketing and [...]

New Delhi, Jan 1 (PTI) Honda Cars India Ltd (HCIL) on Saturday reported a 26 per cent year-on-year increase in its domestic wholesales at 89,152 units in 2021. The company had dispatched 70,593 units to dealers in the domestic market in the January-December period in 2020, HCIL said in a statement. The automaker said its [...]

New Delhi, Jan 1 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Saturday reported a four per cent fall in the total wholesales to 1,53,149 units in December 2021. The company had sold 1,60,226 units in December 2020, MSI said in a statement. In December 2021, the domestic sales slipped 13 per cent [...]

New Delhi, Jan 1 (PTI) Hyundai Motor India expects robust sales to continue in 2022 as well with various positive factors, like improvement in the availability of semiconductors, aiding the business growth. The country's second-largest passenger vehicle maker reported double-digit growth in total wholesales last year as compared with 2020. "We are entering 2022 with [...]

New Delhi, Jan 1 (PTI) MG Motor India on Saturday reported 43 per cent increase in retail sales in 2021 at 40,273 units.  The company had sold 28,162 units in 2020.  The company's sales last year was mainly driven by its Hector SUV which clocked 31,509 units, followed by Gloster SUV at 3,823 units, ZS [...]

New Delhi, Dec 31 (PTI) Aditya Birla Health Insurance has clocked a 39 per cent jump in its gross written premium during the first half of the current fiscal at Rs 764 crore.The health insurer has also completed five years of its existence recently and covered as many as 16 million (1.6 crores) lives to [...]

Kolkata, Dec 31 (PTI) Fabric manufacturer BSL, formerly Bhilwara Synthetics Ltd, has planned a capital expenditure of Rs 150 crore to augment cotton spinning capacity at its facility in Rajasthan and is aiming at Rs 700-crore revenue during the 2023-24 fiscal, a company official said. The capital expenditure (capex) will also help boost sales and [...]

Mumbai, Dec 30 (PTI) Ram Charan, a Chennai-based chemicals trader-turned-deep-tech firm focusing on waste management technologies, has bagged a USD 700-million order from an Azerbaijan company to supply waste management units, which will turn the waste into 200 megawatts (MW) of power. The agreement between Azerbaijan-based Kafkans Finanz, which is into logistics, infrastructure and imports, [...]

New Delhi, Dec 30 (PTI) Swedish luxury carmaker Volvo on Thursday said it will increase prices of select models in India ranging between Rs 1 lakh and Rs 3 lakh from January 1 to offset rising input costs. Under the revised prices, Volvo Car India said its SUV XC40 T4 R Design variant will cost [...]

New Delhi, Dec 30 (PTI) Solar energy solution provider Gensol Engineering has bagged orders to develop 10.7MWp grid-connected ground-mounted and rooftop solar power generating systems worth Rs 22.50 crore in December."Gensol Engineering Limited Secures Purchase Orders to develop Grid-Connected Ground-mount and Rooftop Solar Power Generation Systems cumulating to 10.7 MWp," a company statement said.According to [...]

New Delhi, Dec 28 (PTI) Tata AIA Life Insurance has reported a 23 per cent rise in its total premium income of Rs 5,255 crore for the first half of FY22, the company said on Tuesday.The insurer had a total premium income of Rs 4,269 crore during the first half of FY21.The company continues to [...]

Mumbai, Dec 28 (PTI) Zypp Electric, which operates in the last-mile delivery space, is expecting its turnover to jump five-fold to Rs 25 crore during this fiscal while it plans to deploy one lakh electric vehicles in 2022, the company said on Tuesday. Currently, the company works with top grocery, medicines, food, and e-commerce players [...]

Mumbai, Maharashtra, India (NewsVoir) • The project has been adjudged as the Thematic Project of the Year 2021 alt Times Real Estate Conclave • Provident Palm Vista is the 1st project of Provident Housing Limited (a 100% subsidiary of Puravankara) in Mumbai Provident Palm Vista, the maiden venture of Provident Housing Limited in Mumbai, has [...]

Mumbai, Dec 27 (PTI) Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore [...]

New Delhi, Dec 27 (PTI) Leading power product marker Microtek aims for nearly 23 per cent growth in the current financial year with a turnover of around Rs 1,600 crore, led by its inverter and other businesses, said a top company official. The company, which currently has around 40 per cent market share in the [...]

New Delhi, Dec 26 (PTI) Airtel Payments Bank crossed one billion transactions volume milestone on its platform during September quarter 2021-22, according to sources. This represents about 61 per cent year-on-year growth in transaction volume per quarter, underlining the bank's digital-first model and distribution of over 5,00,000 banking points that give it the ability to [...]

Mumbai, Dec 24 (PTI) VST Tillers Tractors, the country's largest manufacturer of power tillers meeting nearly two-thirds of demand, is expecting to close this fiscal with a record topline of Rs 1,000 crore on better sales of its cash-cow tillers and rising demand for its compact tractors. The Bengaluru-headquartered company, part of the VST Group, [...]

Chennai, Dec 24 (PTI): Daimler India, the 100 per cent subsidiary of Stuttgart-based Daimler has breached pre-Covid levels on its exports, up more than 10 per cent form previous record, the commercial vehicle maker said on Friday. Since the beginning of 2021, Daimler India Commercial Vehicles said it has set a record by shipping over [...]

New Delhi, Dec 23 (PTI) Homegrown company Man Industries (India) Ltd on Thursday said it has bagged orders worth Rs 225 crore for manufacturing pipes. With the latest win, the company's order book has reached the level of Rs 1,700 crore, and the projects are to be executed in the next six-seven months, MAN Industries [...]

New Delhi, Dec 23 (PTI) GPT Infraprojects Ltd (GPT) on Thursday said it has bagged an order worth Rs 56 crore to construct a road overbridge (ROB) at Gomia in Jharkhand. "The company has bagged an order valued at Rs 56 crore," GPT Infraprojects said in a filing to the BSE. The order entails the [...]

New Delhi, Dec 23 (PTI) TVS Motor Company on Thursday said it has launched Apache RTR 165 RP, tagged at Rs 1.45 lakh (ex-showroom), as the first product under its Race Performance (RP) series. The 164.9-cc motorcycle generates 19.2 PS power and will be limited to 200 units, the two-wheeler maker said in a statement. [...]

Mumbai, Dec 22 (PTI) Validus Wealth, a private wealth management firm launched by the key management team of DSP Merrill Lynch led by Atul Singh after its merger with the Swiss private banking major Julius Baer, is eyeing to grow the assets under its custody at least five times over the next three years. The [...]

New Delhi, Dec 22 (PTI) Larsen & Toubro (L&T) on Wednesday said its construction arm has bagged a significant order for its buildings and factories business from a reputed developer. The scope of work includes design and construction of entire civil structure, including waterproofing, masonry, plastering and electrical conduiting, L&T said in a statement. The [...]

Mumbai, Dec 21 (PTI) Aditya Birla Sun Life Mutual Fund has collected over Rs 2,200 crore from over 1.18 lakh applications for its business cycle fund, which is an open-ended equity scheme following business cycle-based investing theme. The fund was open from November 15-29, and was later reopened for subscription and has so far collected over [...]

Dehradun, Dec 21 (PTI) JioFiber, the high-speed fiber broadband service of Reliance Jio, has achieved the milestone of over one lakh fiber broadband connections across Uttarakhand. JioFiber is now available in 17 towns and cities across the state, including Dehradun, Haldwani, Haridwar, Rudrapur, Nanital, Mussoorie, Roorkee, Rishikesh, Kashipur, Jaspur, Kichha, Sitarganj, Kotdwar and Vikasnagar. In [...]

India’s Parita Vinod Kothari wins the individual Ladies competition Gurugram, Haryana, India & Munich, Germany, Dubai, United Arab Emirates– Business Wire India • Highlight of the biggest international tournament series for amateur golfers takes place at Jumeirah Golf Estates (Dubai, UAE) with 26 teams from 20 countries. • Russia wins the National Team competition, ahead [...]

New Delhi, Dec 19 (PTI) Central public sector enterprises (CPSEs) have registered 45 per cent growth in investment on capital expenditure over the previous year, the power ministry has said. For FY2021-22, the capital expenditure (capex) target of the CPSEs, under the Ministry of Power, is Rs 50,690.52 crore, a power ministry statement said. Power [...]

New Delhi, Dec 19 (PTI) India's top oil and gas producer ONGC has scripted a sharp turnaround in fortunes of its subsidiaries with its petrochemical unit reporting its first ever profit, a top official said. ONGC Petro additions Ltd (OPaL), the venture ONGC floated for downward integration and expansion into petrochemical field by utilizing its [...]

New Delhi, Dec 19 (PTI) IT company Clear, which focuses on online tax filing, expects to generate USD 100 million from the Middle East business expansion led by Saudi Arabia and the UAE that are gradually moving towards taxation regime, a top official of the company said. Clear chief business officer Rohit Razdan told PTI [...]

Mumbai, Dec 17 (PTI) Ram Charan Company, the Chennai-based chemicals-trader-turned-renewable energy specialist with focus on sustainable R&D, has bagged a USD 2.2 billion order from the Ghana-based Masri Company to supply waste to energy units that is expected to generate 300 MW of power in the African nation. Last month, the New York-based impact fund [...]

New Delhi, Dec 17 (PTI) Honda Cars India on Friday said the new Amaze has crossed two lakh retail sales milestone in the country. The company had introduced the second generation of the compact sedan in May 2018. The model is one of Honda's most successful models in India with cumulative deliveries of over 4.6 [...]

MUMBAI, India, Dec. 16, 2021 /PRNewswire/ -- WAAREE Energies, India's leading solar PV module manufacturer, has Supplied 390 Wp Mono PERC solar modules for a project developed by, AMP Energy India Pvt Ltd. The size of the project is 13.5 MW located at Village Gourgaon, Taluka – Kalamb, District Osmanabad, Maharashtra – 413507, India. WAAREE [...]

Mumbai, Dec 15 (PTI) Brokerage firm HDFC Securities is looking to add 2 lakh customers every month till March next year and grow topline by 20-25 per cent over the next five years.The company's customer addition during the pandemic was low in absence of an online demat account opening facility and onboarding of only parent [...]

Mumbai, Dec 15 (PTI) Technology skill provider upGrad KnowledgeHut, part of upGrad, on Wednesday said it is eyeing a Rs 300-crore annual revenue run rate in March 2022. The company targets a Rs 300-crore annual revenue run rate in March 2022, a massive jump from Rs 80 crore within 7 months of coming into the [...]

Mumbai, Dec 15 (PTI) Small commercial vehicles maker Piaggio Vehicles has sold 15,206 cargo three-wheelers in the April-November period this year, on the back of growing demand for e-commerce and delivery business. These sales numbers are based on Parivahan data till November, excluding Andhra Pradesh, Telangana and Madhya Pradesh, the company said. "Piaggio introduced India [...]

New Delhi, Dec 14 (PTI) German luxury carmaker BMW on Tuesday said its two-wheeler division, BMW Motorrad has delivered 5,000 motorcycles in India so far in 2021 and will post over 100 per cent growth this year compared to 2020.The momentum was primarily driven by the 'Made In India' BMW G 310 R and the [...]

New Delhi, Dec 13 (PTI) State-owned Bank of Baroda on Monday announced the launch of the wearable line of products for small-ticket payments up to Rs 5,000 through the BoB World Wave in association with the National Payments Corporation of India (NPCI). The BoB World is the bank's digital banking product, and BoB World Wave [...]

Mumbai, Dec 13 (PTI) Despite fears of the Omicron variant, business activity touched an all-time high since the onset of the pandemic for the week ended December 12, a Japanese brokerage said on Monday. The Nomura India Business Resumption Index (NIBRI), which compares the activity for a particular week as against the one before the [...]

New Delhi, Delhi, India (NewsVoir) Korikart, India’s leading one-stop-shop that offers a wide range of Korean products, witnessed a surge of 600% in the sales since the brand's inception. Strengthening the tides of K-wave in the country, the brand inspired a higher consumer engagement leading to high profitability. Owing to the fact of how people [...]

Mumbai, Dec 12 (PTI) German premier carmaker Volkswagen is expected to double its pre-owned car sales this year to 20,000 units, amid a shift in customer preference towards the used vehicles, according to a top company executive. Volkswagen entered the used car market in 2012 with the launch of its first Das Welt auto showroom. [...]

Mumbai, Dec 9 (PTI) Chief financial officers (CFOs) of companies have shown higher confidence in the financial and macroeconomic conditions, according to a survey conducted recently.The composite CFO Optimism Index in the survey done by Dun & Bradstreet showed an increase of 8 per cent on a year-over-year basis to 105.9 during Q42021, as per [...]

Kochi, Dec 9 (PTI) Kogland, a leading e-marketplace startup has become the country's fastest-growing medical procurement company with a 10-fold increase in revenues, aggressive hiring, and scaling up plans. The company, which connects healthcare providers and suppliers digitally with simplified procurement of bulk medical supplies across India, has increased its financial earnings more than 10 [...]

Kolkata, Dec 9 (PTI) City-based BTL EPC Ltd on Thursday said it has secured the order for setting up of the Coal Handling Plant of Pakri Barwadih Coal Mining Project from National Thermal Power Corporation Limited valued at Rs 317 crore. The company said the order consists of the installation of conveyors of an approximate [...]

New Delhi, Dec 9 (PTI) The solar energy generation capacity addition rose 335 per cent to 7.4 GW in the January-September period this year from 1.73 GW a year ago, said Mercom India Research."In the first nine months of 2021 (9M 2021), India added over 7.4 gigawatts (GW) of solar, a 335 per cent increase [...]

New Delhi, Dec 9 (PTI) Biscuits major Parle Products expects 20-25 per cent growth in exports on the back of the government's production-linked incentive (PLI) scheme in the food processing sector, for which it has received approval, according to a senior company official. The company, which exports its products to over 100 countries globally, feels [...]

New Delhi, Dec 9 (PTI) The country's largest carmaker Maruti Suzuki India on Thursday said its premium hatchback Baleno has crossed the cumulative sales milestone of 10 lakh units. Launched in October 2015 and sold through the company's premium retail chain NEXA, the model had crossed the 5 lakh units cumulative sales in November 2018 [...]

New Delhi, Dec 8 (PTI) The negative impact of COVID-19 on the revenue of Coal India Limited is of Rs 6,054.33 crore and on Singareni Collieries Company Ltd (SCCL) is of Rs 5,921 crore, Parliament was informed on Wednesday. "Coal production was impacted due to COVID-19," Coal Minister Pralhad Joshi said in a reply to [...]

New Delhi, Dec 8 (PTI) Hero Electric on Wednesday said it sold over 7,000 electric two-wheelers in the country last month. The company said it had sold 1,169 units in the corresponding period last year. "At Hero, we have been steering EV (electric vehicle) adoption in India and are witnessing stronger consumer confidence towards electric [...]

Sonalika Overall sales 11,909 tractors in November-21 New Delhi, Delhi, India (NewsVoir) Growing awareness about technology importance in agriculture has led to rapid innovation in farm equipment solutions. Farmers across the globe are increasingly becoming progressive as the demand for farm mechanisation is also being witnessed even beyond the traditional festive seasons as well. Sonalika [...]

New Delhi, Dec 5 (PTI) Longer waiting periods with semiconductor shortage affecting production can have a negative impact on car demand, although the supply constraints of chips have gradually improved over the last few months, according to a senior official of car market leader Maruti Suzuki India. The company currently has a pending order of [...]

Mumbai, Dec 3 (PTI) Private life insurer Reliance Nippon Life Insurance is expecting more than 20 per cent growth in new business premium in the current financial year, a top company official said. The company is a joint venture between Reliance Capital (51 per cent) and Nippon Life (49 per cent). “In the current fiscal [...]