Wheels India Ltd, a manufacturer of wheels for automobiles, has reported a net profit of Rs 14.54 crore for the quarter ending December 31, 2022, said the company on Thursday. The city-based firm registered a net profit at Rs 20.60 crore during the corresponding quarter last year. For the nine-month period ending December 31 ,2022, [...]
Mahindra Holidays & Resorts India Ltd on Thursday reported a consolidated loss after tax of Rs 13.71 crore in the December quarter, impacted by higher expenses and taxes. The company had posted a consolidated net profit of Rs 13.4 crore in the year-ago period, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory [...]
Homegrown FMCG major Dabur India Ltd on Thursday reported a decline of 5.51 per cent in its consolidated net profit to Rs 476.55 crore for the third quarter ended December 2022. The company had posted a net profit of Rs 504.35 crore in the October-December quarter a year ago, Dabur India said in a regulatory [...]
Dr Lal PathLabs on Thursday said its consolidated profit after tax declined 7 per cent to Rs 54 crore for the December quarter. The company had reported a net profit of Rs 58 crore in the October-December quarter of the previous fiscal. Revenue also declined to Rs 489 crore for the period under review as [...]
The increased capex allocation of Rs 10 lakh crore announced in the Union Budget will lead to the creation of the right talent pool for the engineering services industry, Axiscades Technologies said on Thursday. Finance Minister Nirmala Sitharaman tabled the Union Budget for 2023-24 in Parliament on Wednesday. "Enhancement in capital investment outlay to Rs [...]
Indian Oil Corporation Limited had revenue from operations at Rs 2,32,303.20 crore in Q3FY23, rising 16.51 percent from Rs 1,99,371. 75 crore in the year-ago quarter. However, it reported an 87 percent decline in its consolidated net profit at Rs 773.23 crore as against Rs 6,143.08 crore in the same period last year. The company [...]
Kalpataru Power Transmission and its international subsidiaries have bagged new orders worth Rs 2,456 crore. These orders include residential and commercial buildings construction projects in the country worth Rs 1,427 crore and T&D (Transmission and distribution) business orders worth Rs 498 crore in India and overseas markets, a company statement said. In the domestic market, [...]
Realty firm Godrej Properties Ltd on Thursday reported a 51 per cent increase in its consolidated net profit to Rs 58.74 crore for the third quarter ended December 2022. Its net profit stood at Rs 39.02 crore in the year-ago period. The total income declined to Rs 404.58 crore in the third quarter of this [...]
As many as 39 hydro projects totalling 14,623.5 MW capacity are under implementation in the country while nine out of these are stalled, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Power Minister R K Singh said steps are being taken by developers/government for revival of the stalled projects. "39 [...]
The country's Fast-moving consumer goods (FMCG) industry witnessed a consumption slowdown in the December quarter, with an overall "negative" volume growth, as consumers continue to reel under inflationary pressure, says a report. According to the report released by data analytics firm NielsenIQ on Thursday, in October-December, the FMCG industry grew 7.6 per cent in terms [...]
The shares of Britannia Industries Limited shined on Thursday’s session after it zoomed by more than 4 percent to reach a 52-week high of Rs 4,595 in the early hours. It gained after the FMCG giant posted robust results. In Q3FY23, Britannia reported a total revenue of Rs 4,247.55 Crore, an increase of 17 percent [...]
The monthly vehicle sales of Ashok Leyland Ltd. rose by 37% year-on-year (y-o-y) in January 2023 to 16,198 units from 12,709 units in January 2022. The company provided its monthly business update to the stock exchanges yesterday. Ashok Leyland is the flagship company of the Hinduja Group. It is a leading Indian manufacturer of commercial [...]
State-owned Food Corporation of India (FCI) has sold 8.88 lakh tonne of wheat to bulk consumers like flour millers on the first day of e-auction conducted in 22 states, the food ministry said on Thursday. FCI commenced e-auction of wheat on February 1 under Open Market Sale Scheme (OMSS) for bulk users in order to [...]
The announcements for tweaking customs duties in certain sectors and measures to support MSMEs will help in boosting domestic manufacturing and the country's outbound shipments, exporters said on Thursday. Increase in capital investment outlay by 33 per cent to Rs 10 lakh crore, 50 years interest free loan to states to incentivise infrastructure investment, highest-ever [...]
After a volatile session on Wednesday on account of the Budget announcement, the Indian benchmark indices opened lower on Thursday. The NSE Nifty 50 Nifty fell 162.95 points or 0.92% to open at 17,517.10 levels and BSE Sensex slipped 408.92 points or 0.68% to 59,459.87. Despite weak market sentiments, here are 2 Jindal group stocks [...]
Sebi on Wednesday ordered the attachment of bank and demat accounts of Shivi Holdings to recover Rs 5.35 crore in a matter related to fund diversion case of Religare Finvest. Religare Finvest Ltd (RFL) is a subsidiary of Religare Enterprises Ltd (REL). The recovery proceedings against Shivi Holdings have been initiated to recover Rs 5.35 [...]
The shares of cigarettes maker ITC Ltd. surged 6.45% to hit their all-time high of Rs 384.70 during Thursday's first half of the trading session. The stock of Kolkata-based tobacco manufacturer has generated an impressive return of over 65% in the last twelve months. This is in sharp contrast to the previous trading session when [...]
The first G-20 Employment Working Group meeting will begin in Jodhpur Thursday afternoon to address priority labour, employment and social issues for sustainable, inclusive and job-rich growth. The first day of the three-day meeting will explore strategies for global skills, qualification harmonization, and developing a framework for common skill taxonomies. The panel discussion will be [...]
Measures announced in the Budget such as extending the period of incorporation of eligible budding entrepreneurs for providing tax incentives, would provide a lot of support to further strengthen the country's startup ecosystem, Commerce and Industry Minister Piyush Goyal has said. The government on Wednesday proposed to extend the period of incorporation of eligible startups [...]
Shares of Adani Enterprises tumbled 15 per cent in morning trade on Thursday, a day after the firm said it has decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer (FPO) and will return the proceeds to investors. The stock tanked 15 per cent to Rs 1,809.40 on the BSE. Other group [...]
