Ambuja Cements, now part of the Adani Group, on Tuesday reported a 13.2 per cent increase in its consolidated net profit to Rs 487.88 crore for the December quarter of 2022-23. The company had clocked a net profit of Rs 430.97 crore in the year-ago quarter, Ambuja Cements said in a BSE filing. Its revenue [...]
Registrar and transfer agent of mutual funds Computer Age Management Services Ltd (CAMS) on Tuesday reported 4.6 per cent drop in profit after tax to Rs 73.72 crore for the three months ended December 2022. In comparison, the company had posted a profit after tax (PAT) of Rs 77.31 crore in the year-ago period, CAMS [...]
Electric passenger vehicles retail sales declined by 10.51 per cent sequentially to 3,346 units in January 2023 over 3,739 vehicles sold in December last year, according to automobiles body FADA. Tata Motors's electric PV sales were down 17 per cent at 2,426 vehicles in January as against 2,926 units delivered in December 2022. MG Motor [...]
The Directorate of Enforcement has attached proceeds of crime worth Rs 859.15 crore generated by accused persons/entities through illegal loan apps, Minister of State for Finance Bhagwat Karad said on Tuesday. Further, assets amounting to Rs 289.28 crore have been seized under the Foreign Exchange Management Act, 1999. In a written reply to a query [...]
India's leading plywood maker Century Plyboards (India) Ltd on Tuesday reported a standalone net profit of Rs 81.36 crore in the third quarter ended December 2022, a 16 per cent decline compared to a net profit of Rs 97.27 crore a year ago. the company reported a 3 per cent growth in revenue to Rs [...]
The power ministry has asked the Punjab power utility PSPCL to start lifting 15-20 of its domestic coal requirement through rail-ship-rail mode, while highlighting that the transport of dry fuel would be cheaper than the import of coal. The ministry in a letter to Punjab State Power Corporation Ltd (PSPCL) stated that the transport of [...]
The promoters of the Adani Group have prepaid ₹ 9,250 crores ($1.1 billion) of debt backed by shares on Monday, 19 months ahead of their maturity in September 2024. This prepayment will release the pledge from three companies — Adani Ports and SEZ, Adani Green Energy and Adani Transmission. “In light of recent market volatility [...]
Google CEO Sundar Pichai has announced that the tech giant will soon launch an Artificial Intelligence (AI) powered chatbot called ‘Bard’, aimed at countering the popularity of the ChatGPT tool backed by Microsoft. According to a blog post by Pichai, the conversational AI service will be assessed by a group of “trusted testers" before being [...]
Sebi on Tuesday said it will auction 22 properties belonging to companies of MPS Group, Tower Infotech and four others on March 3 for a reserve price totalling Rs 91 crore in a bid to recover investors' money. Apart from MPS Group and Tower Infotech, the regulator has put on block properties of Vibgyor Group, [...]
Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in the December quarter, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 49 crore in the year-ago period, according to a BSE filing on Tuesday. Total income in the third quarter of the [...]
The shares of BLS International Services Ltd gained more than 3 percent by the last trading hour of Tuesday to be at Rs 186.85 levels. The company remained in focus after its board meeting. In Q3FY23, BLS International Services Limited revenue from operations stood at Rs 437.9 which increased 93 percent from Rs 227.06 Crore [...]
Benchmark equity indices Sensex and Nifty closed lower on Tuesday due to selling in FMCG, metal and auto shares amid rising concerns over interest rate hikes by central banks. The 30-share BSE barometer declined by 220.86 points or 0.37 per cent to close at 60,286.04 as 22 of its constituents ended in the red. The [...]
Bharat Agri Fert & Realty is a small-cap company with a market valuation of ₹ 589 crores. The company is engaged in the business of construction and development of Residential And Commercial Complexes, Manufacturing Fertilisers And Operating A Resort. The board of directors of Bharat Agri Fert & Realty in their meeting held on February [...]
Telecom operator Bharti Airtel on Tuesday reported a 91.5 per cent year-on-year rise in consolidated net profit to Rs 1,588 crore for the October-December quarter of 2022-23. Total revenue rose nearly 20 per cent year-on-year to Rs 35,804 crore in the December quarter (Q3FY23) "backed by strong and consistent performance delivery across the portfolio", the [...]
CNG, EVs and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars are likely to dominate passenger vehicle volumes in medium-term, a report said on Tuesday. Demand for Electric Vehicles (EVs) has increased exponentially in the last two years with the government's [...]
Kalyan Jewellers India on Tuesday reported a 10.34 per cent growth in consolidated profit after tax (PAT) during the quarter ending December 31, 2022, at Rs 148.43 crore. The jewellery retailer's PAT stood at Rs 134.52 crore in the October-December quarter of the previous financial year, Kalyan Jewellers India said in a regulatory filing. The [...]
India's non-fossil fuel-based power generation capacity was at 174.53 gigawatt (GW) at the end of December 31, 2022, Parliament was informed on Tuesday. The country's total power generation capacity, including 235.81 GW from the thermal base, was at 410 GW at the end of 2022, Minister for Power, New and Renewable Energy R K Singh [...]
Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention and enhanced surveillance. Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, [...]
Coal imports cannot be reduced to zero as several thermal power projects in India are designed to utilise the imported dry fuel for its high calorific value and blending it with domestic coal is also needed to maintain fuel stocks, Parliament was informed on Tuesday. "The power plants designed for utilizing high Gross Calorific Value [...]
State-owned Canara Bank on Tuesday said the Union Government has appointed K Satyanarayana Raju as its Managing Director and CEO, with immediate effect. He will be replacing L V Prabhakar who demitted office on December 31, 2022. Raju, who is a Physics Graduate, Post Graduate in Business Administration (Banking and Finance) and CAIIB (Certified Associate [...]
