State-owned SJVN Ltd on Thursday inked a pact with Tata Power Solar Systems to build a 1,000 MW solar project worth Rs 5,500 crore in Bikaner, Rajasthan. "SJVN today entered into an EPC agreement for 1,000 MW solar project in Bikaner, Rajasthan with M/s Tata Power Solar Systems Ltd," a company statement said. The contract [...]
Tata Power Renewable Energy on Thursday announced the commissioning of a 100 MW solar project for Maharashtra State Electricity Distribution Company Ltd at Partur in Maharashtra. "Tata Power Renewable Energy Ltd (TPREL), one of India's largest renewable energy companies and a wholly-owned subsidiary of Tata Power, has commissioned 100 MW project for Maharashtra State Electricity [...]
The shares of Kohinoor Foods Limited have given multibagger returns of 372.26% in less than two months. The shares were trading at ₹ 7.75 on April 6, 2022, and they are currently locked at ₹36.60 apiece, giving multibagger returns of 372.26% in less than two months. The shares of the company have been hitting the [...]
Berger Paints India Ltd on Thursday reported a 5.60 per cent increase in consolidated net profit to Rs 220.29 crore for the fourth quarter ended March 2022. The company had posted a consolidated net profit of Rs 208.60 crore in the January-March period a year ago, Berger Paints said in a regulatory filing. Revenue from [...]
Steel products maker Goodluck India on Thursday reported three-fold jump in consolidated net profit at Rs 24.30 crore for March quarter 2021-22 boosted by higher income. The company had clocked Rs 8.18 crore net profit in January-March 2020-21, it said in a regulatory filing. Total income also increased to Rs 702.02 crore in the quarter [...]
PC maker Lenovo India has recorded 38 per cent increase in revenue to USD 2.2 billion (about Rs 17,000 crore) in the financial year ended March 2022. The growth was supported by nearly doubling the volume of manufactured PCs and smartphones in India while increasing locally manufactured tablets manifold, the company said on Thursday. "The [...]
Piramal Enterprises is not fit to acquire Reliance Nippon Life Insurance, which is on the block as part of the resolution process of debt-ridden Reliance Capital, due to Irdai restriction. Piramal Enterprises is one of the 54 prospective resolution applicants (PRAs) for Reliance Capital Ltd and its subsidiaries. As per the Insurance Regulatory and Development [...]
Infosys CEO Salil Parekh has got a massive 88 per cent jump in annual remuneration to Rs 79.75 crore, making him one of the highest-paid executives in the country. The software services firm has sought shareholders' approval for the reappointment of Parekh as chief executive officer and managing director for a second five-year term beginning [...]
As Tesla Inc continues to struggle in getting its production at the China facility back to normalcy, the company shares took a dive once again on Tuesday. The share had reached a 52-week high of $ 1243.49 on 4th November 2021. The shares have been continuously falling after its quarterly results are currently trading at [...]
Shalimar Paints Ltd on Thursday reported narrowing of its consolidated net loss to Rs 12.73 crore for the fourth quarter ended March 31, 2022. The company had posted a loss of Rs 28.56 crore in the January-March period a year ago, Shalimar Paints said in a regulatory filing. Its revenue from operations was down by [...]
Auto components maker Motherson Sumi Wiring India Ltd on Thursday reported a 72.72 per cent decline in net profit at Rs 46.42 crore in the fourth quarter ended March 2022, impacted by higher expenses and an exceptional item outgo. The company had posted a net profit of Rs 170.16 crore in the same period previous [...]
Apparel manufacturer Page Industries Ltd on Thursday reported an increase of 64.86 per cent in net profit at Rs 190.52 crore for the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago, Page Industries Ltd (PIL) said in a regulatory [...]
Hinduja Group flagship Ashok Leyland on Thursday said it has strengthened its operations in southern region of Africa by inking a distribution pact with ETG group's logistics, warehousing and distribution vertical. ETG is a global conglomerate operating across various segments, with a deep focus on uplifting Sub-Saharan Africa. As part of the tie-up, ETG Logistics [...]
The country's largest mortgage lender HDFC Ltd on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Investment Authority for Rs 184 crore. With this, HCAL ceases to be a wholly-owned subsidiary of HDFC. In April, Housing Development Finance Corporation (HDFC) had entered into [...]
Singapore-based telecom firm Singtel is in talks with Bharti Airtel chairman Sunil Mittal to sell its 2-4 per cent stake in the company, a source aware of the development said on Thursday. As per market capitalisation, Singtel will be able to generate close to Rs 7,500 crore on sale of its 2 per cent stake. [...]
The shares of most IT companies like TCS, Infosys and Wipro, tanked this year; but Tech Mahindra is the worst-performing stock on a year-to-date basis. The Indian markets are mostly in the red due to the impacts of the Russia Ukraine War and the fear of a looming lockdown, due to the situation in China. [...]
Rahul Bhatia-led InterGlobe Enterprises and Atlanta-based logistics major UPS on Thursday announced a new joint venture to cater to the Indian market. The joint venture -- MOVIN -- will be based out of Gurugram and have representation from both UPS and InterGlobe Enterprises. The entity will offer a range of B2B logistics services in the [...]
FMCG major Colgate-Palmolive India Ltd on Thursday reported a nearly 3 per cent rise in net profit at Rs 323.57 crore for the fourth quarter ended March 2022. It had a posted a net profit of Rs 314.66 crore in the January-March quarter a year ago, Colgate-Palmolive India Ltd (CPIL) said in a BSE filing. [...]
Emiza Supply Chain Services has raised Rs 37.5 crore in a funding round led by JM Financial Private Equity. Besides, Mayfield India - an existing investor in Emiza – participated in the series B funding round, JM Financial Private Equity said in a statement on Thursday. Proceeds from the investment will support augmentation of the [...]
All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan for the airline. In October 2020, the airline's Committee of Creditors (CoC) approved the resolution plan submitted by the consortium of the UK's Kalrock Capital and the UAE-based entrepreneur Murari Lal [...]
