SBI Cards and Payment Services Ltd on Tuesday reported a 32 per cent rise in its December quarter net profit at Rs 509 crore. The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 386 crore during the corresponding period of the previous financial year. The company's total income grew [...]
Powergrid Infrastructure Investment Trust on Tuesday reported a more than six per cent decline in its consolidated net profit to Rs 216.82 crore in the December 2022 quarter. The consolidated net profit was Rs 232.63 crore in the quarter ended December 31, 2021, a BSE filing showed. The total income also declined to Rs 331.06 [...]
UCO Bank on Tuesday reported more than two-fold jump in profit at Rs 653 crore for the quarter ended December 2022, driven by increase in interest income and decline in bad loans. Its net profit stood at Rs 310 crore in the same quarter of the preceding financial year. Total income increased to Rs 5,451 [...]
Bharat Petroleum Corporation Ltd (BPCL) will set up 1 gigawatt (GW) of renewable energy capacity in Rajasthan as the nation's second-largest state oil refiner pivots its path to achieving a net zero emission target by 2040. In a statement, BPCL said it has signed a memorandum of understanding (MoU) with the government of Rajasthan for [...]
The shares of Integra Essentia Ltd. appreciated to the tune of 10% after the company declared its results for the latest quarter. It is a penny stock and its shares were trading at ₹ 8.70 apiece at 12:55 PM on Tuesday. Integra Essentia has a market capitalization of ₹ 384 crores. It is a Fast [...]
The government should scrap the windfall profit tax on domestically produced crude oil as the levy is adversely impacting the capex-intensive exploration of oil and gas, the industry said in its recommendation for the forthcoming annual budget. India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super [...]
Maruti Suzuki India on Tuesday reported over two-fold increase in its net profit to Rs 2,351.3 crore for the third quarter ended December 31, 2022, aided by robust sales. The auto major had reported a net profit of Rs 1,011.3 crore in the October-December quarter of the previous fiscal, Maruti Suzuki India (MSI) said in [...]
IIFL Securities on Tuesday reported a 25 per cent decline in profit after tax (PAT) to Rs 64.2 crore in three months ended December 2022. In comparison, the company had posted a PAT of Rs 86 crore in the same period of the last fiscal, IIFL Securities said in a statement. Total income also dropped [...]
Gland Pharma Ltd on Monday reported a 15 per cent decline in consolidated net profit at Rs 231.95 crore for the third quarter ended December 2022, impacted by production delays due to supply disruptions. The company had posted a consolidated net profit of Rs 273.03 crore in the same period last fiscal, Gland Pharma said [...]
The shares of Mangalam Seeds have been on a roll. They hit the 5% upper circuit and were quoting at ₹ 220.05 apiece at 11:46 AM on Tuesday and 3,692 shares changed hands on the bourses. The company’s shares have been on a gaining streak since January 12, 2023. The shares of Mangalam Seeds a [...]
The Indian equity benchmarks BSE Sensex and NSE Nifty 50 opened higher on Tuesday amid positive cues from global markets. This has led many stocks to trade in green on Tuesday. Along with the optimism in the markets, the strong quarterly numbers posted by companies are making the stocks rally. Here are 3 stocks that [...]
Trent Limited, a Tata Group enterprise, on Friday executed a joint venture with MAS Amity Pte. Ltd to set up an entity in India for sourcing, designing and manufacturing activewear and related products. “MAS brings impeccable capabilities and a track record in the manufacture of high-quality products in this space. This collaboration between Trent and [...]
Domestic telecom gear maker HFCL Limited on Monday posted a 25.3 per cent year-on-year rise in consolidated net profit for the December 2022 quarter at Rs 102 crore. Its net profit stood at Rs 81 crore in the corresponding period of previous year, according to a company statement. Revenue came in at Rs 1,086 crore [...]
Poonawalla Fincorp Limited on Monday reported an 88 per jump in net profit to Rs 150 crore for the third quarter ended December 2022. The non-deposit-taking non-banking finance company (NBFC) focusing on consumer and MSME finance had reported a net profit of Rs 80 crore in the year-ago period. Total income in the quarter rose [...]
Sebi on Monday slapped a penalty of Rs 30 lakh on Wealthit Global and its proprietor Mohit Manghnani for violating regulatory norms. In addition, the two have been restrained from the securities markets for a period of five years. Wealthit Global is a Sebi-registered Investment Adviser. The order came after the regulator had conducted an [...]
The Rajasthan government on Monday signed agreements for investment worth Rs 1.36 lakh crore in the state. The investment was committed under Invest Rajasthan, which was held in October last year. Agreements of 26 projects related to industires, energy, tourism and other sectors were signed at the chief minister's residence. Nearly 17,000 people will get [...]
Tata Communications on Monday reported a consolidated net profit of about Rs 394 crore for the just-ended December 2022 quAarter, a tad lower than the year-ago period. The Q3 FY23 net profit was 0.3 per cent lower than last year's figure of about Rs 395 crore (profit for the period attributable to equity holders of [...]
Prime Minister Narendra Modi has always prioritised the energy sector of the North East, Petroleum and Natural Gas Minister Hardeep Singh Puri said here on Monday. The prime minister's priority is to put the region in the high growth trajectory and as such he is putting great emphasis on the energy sector, Puri said while [...]
Benchmark equity indices Sensex and Nifty advanced nearly half a per cent in early trade on Tuesday following gains in IT and financial stocks amid positive global cues. The 30-share BSE Sensex rose by 273.27 points or 0.45 per cent to 61,214.94 as 21 of its constituents traded in the green. The barometer opened stronger [...]
Gujarat aims to become the world centre for green hydrogen by creating an estimated 8 MTPA production capacity in another 10-12 years, state Industries Minister Balwantsinh Rajput has said. Addressing a plenary session on "Gujarat's G20 Connect" as part of the Business 20 India Inception Meeting on Monday, Rajput said as a driving force, Gujarat [...]
