COMPANIES NEWS - Page 64

Poonawalla Housing Finance Limited (PHFL), the 100% subsidiary of PFL, crossed the AUM milestone of INR 5,000 crore, clocking 30.5% year-on-year growth to stand at an AUM of Rs 5,282 crore this quarter. (File Photo)

Poonawalla Fincorp reports 118% year-on-year increase in Q1 profitSubscriber Only

August 9, 2022 05:42 IST

The non-deposit taking systematically NBFC, focused on consumer and MSME finance, has also reported a total asset under management of Rs 17,600 crore, which is a 6.5 per cent Quarter-on-Quarter (QoQ) growth.

RIL had started its green transformation in FY22 and at a scale which will make India the world’s leading green energy producer. (Reuters/File)

Ambani pegs green energy biz to outshine other Reliance unitsSubscriber Only

August 9, 2022 01:32 IST

According to chairman & managing director Mukesh Ambani, RIL has embarked on this journey with a “vision to repeat” the feat it achieved in wireless broadband.

The company’s consolidated revenues on a sequential basis was up 4 per cent at Rs 32,805 crore. (Reuters/File)

Bharti Airtel net profit down 20% sequentially

August 9, 2022 01:29 IST

The company’s India revenues was also up 3.64 per cent sequentially to Rs 23,319 crore while mobile revenues were up 3.42 per cent quarter-on-quarter to Rs 18,220 crore.

Bharti Airtel Q1 profit rises five-fold to Rs 1,607 crore

August 8, 2022 17:51 IST

Its consolidated revenue from operations increased by about 22 per cent to Rs 32,805 crore during the reported quarter from Rs 26,854 crore a year ago.

Adani Ports Q1 net profit drops 17% to Rs 1,091.56 crore

August 8, 2022 16:46 IST

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,312.9 crore in the corresponding period a year ago, according to a regulatory filing.

RIL invests Rs 30,000 crore in retail in FY22; to accelerate store expansion, e-commerce

August 8, 2022 16:07 IST

During the fiscal year, Reliance Retail further strengthened its sourcing ecosystem, working closely with producers, MSMEs, service providers, and local and international brand companies, it added.

Mukesh Ambani draws nil salary for second year in row

August 8, 2022 12:12 IST

In both these years, Ambani did not avail of any allowances, perquisites, retiral benefits, commission or stock options from Reliance for his role as the Chairman and Managing Director.

rupee coop bank, Rupee Cooperative Bank, indian expresss

Higher capacity utilisation signals investment revivalSubscriber Only

August 6, 2022 05:19 IST

“Capacity utilisation in the manufacturing sector is now above its long-run average, signalling the need for fresh investment activity in additional capacity creation,” RBI Governor Shaktikanta Das said in his monetary policy statement.

The order added that “the approach of Sebi, in failing to disclose the documents, also raises concerns of transparency and fair trial."(File photo)

SC to Sebi: Let RIL access papers on share buy caseSubscriber Only

August 6, 2022 05:06 IST

“In the case at hand, Sebi could not have claimed privilege over certain parts of the documents and at the same time, agreeing to disclose some part. Such selective disclosure cannot be countenanced in law as it clearly amounts to cherrypicking”, the Chief Justice writing for the bench said.

Mahindra reports Q1 consolidated PAT at Rs 2,360.70 crore

August 5, 2022 15:37 IST

The company had posted a consolidated loss after tax of Rs 331.74 crore in the year-ago period, M&M said in a regulatory filing.

Securities and Exchange Board of India, Future Retail Limited, Future Group, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Sebi initiates forensic audits of 2 Future companies

August 5, 2022 04:02 IST

The markets regulator has also appointed Chokshi & Chokshi LLP, a chartered accountant firm, as the forensic auditor, two Future Group companies informed the stock exchange in separate statements.

GRICL has two stretches of toll roads in Gujarat, including Ahmedabad to Mehsana on state highway-41 and Vadodara to Halol on state highway-87. (Representational image)

Adani to buy Macquarie Asia’s toll roads in Andhra, GujaratSubscriber Only

August 5, 2022 02:11 IST

ARTL will be buying the stakes in both these entities from Macquarie Asia Infrastructure Fund. The acquisition is at an enterprise value of Rs 3,110 crore, an official release stated here Thursday.

Directorate of Revenue Intelligence, Vivo Communication Technology, Vivo India, Vivo, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

‘Rs 2,217-crore Customs duty evasion’: DRI notice to Vivo India

August 4, 2022 04:07 IST

A showcause notice has been issued to the company for misdeclaration that resulted in alleged wrongful availment of ineligible duty exemption benefits by Vivo India, amounting to Rs 2,217 crore. Queries sent to Vivo India by The Indian Express were unsanswered by press time.

Uber Technologies, zomato, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Uber exits Zomato via block deal

August 4, 2022 04:00 IST

The block deal comes after the one-year lock-in-period for pre-IPO shareholders of Zomato ended on June 23.

An IndiGo Airlines Airbus A320 aircraft takes off in Colomiers near Toulouse, France, October 19, 2017. (REUTERS/File Photo)

IndiGo’s parent InterGlobe Aviation posts smaller June-quarter loss

August 3, 2022 16:53 IST

IndiGo expects a jump of about 70%-80% in capacity in available seat per kilometre in the current quarter from the same period a year earlier.

Devyani International Q1 net profit at Rs 74.76 crore

August 3, 2022 16:30 IST

The company, which is the largest franchisee of Yum Brands in India, having Pizza Hut and KFC, and Costa Coffee, had reported a net loss of Rs 33.41 crore in the April-June quarter a year ago, Devyani International Ltd (DIL) said in a regulatory filing.

Increased costs related to higher commodity prices and wages as well as COVID-related shutdowns and restrictions in China put a damper on Starbucks’ overall earnings. (Representational image)

Starbucks reports record revenue, driven mostly by Gen Z’s love of iced drinksSubscriber Only

August 3, 2022 13:10 IST

Howard Schultz, Starbucks’ founder and interim CEO, said cold beverages, which accounted for 75% of its beverage sales in the quarter, were a Gen Z favorite because young consumers like to customize and make the drink their own, and then post pictures on social media.

Co-founder & tech team head Bhavik Koladiya quits BharatPeSubscriber Only

August 3, 2022 12:28 IST

The development comes months after the exit of CEO and co-founder Ashneer Grover following a spat with the fintech major’s management. Grover’s exit had come after damaging findings in a forensic audit relating to misappropriation of funds.

A Zomato Ltd. delivery rider looks at a smartphone while carrying an order in Mumbai, India, on Friday, July 16, 2021. Zomato $1.3 billion initial public offering was fully subscribed on the first day of sale, after anchor funds including BlackRock Inc. bid for 35 times more stock than was offered to them. (Photo: Dhiraj Singh/Bloomberg)

Zomato drops in Mumbai as stake matching Uber’s put up for saleSubscriber Only

August 3, 2022 11:58 IST

Shares of the Indian online food-delivery platform plunged last week following the expiry of a lock-up period for investors in the company prior to the offering.

toyota july sales, toyota july 2022 sales

Toyota Kirloskar reports highest monthly wholesales in July at 19,693 units

August 1, 2022 15:27 IST

The company's wholesales were 50 per cent more than 13,105 units it sold in July 2021.

Bajaj Auto two-wheeler sales drop by 5% to 3,15,054 units in July

August 1, 2022 15:08 IST

Domestic two-wheelers sales increased by 5 per cent to 1,64,384 units in July 2022 against 1,56,232 units in the year-ago period while exports dropped 14 per cent to 1,50,670 units as compared to 1,74,337 units in the same month of last year, the company said in a regulatory filing.

An Indian Oil tanker driver waits outside a fuel depot in Mumbai, India, October 6, 2017. (REUTERS/File Photo)

IOC posts Rs 1,992.53 crore net loss in Q1 on petrol, diesel price freeze

July 29, 2022 16:55 IST

Net loss of Rs 1,992.53 crore in April-June compared to Rs 5,941.37 crore of net profit in the same period a year back, the company said in a stock exchange filing.

The Mumbai-based company had reported a net profit of Rs 710 crore in the April-June quarter of the last fiscal. (Image: Facebook/Cipla)

Cipla Q1 net profit dips marginally to Rs 706 crore

July 29, 2022 16:42 IST

Total revenue from operations declined to Rs 5,375 crore in the June quarter as compared with Rs 5,504 crore in the year-ago period, Cipla said in a regulatory filing.

Twitter, Twitter India, Ministry of Electronics and Information Technology, Twitter transparency report for Jul-Dec 2021, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

‘Scribe, news co tweets: India sought most blocks’

July 29, 2022 02:26 IST

Twitter transparency report for Jul-Dec 2021: India also second in asking info of users

Domino's Pizza, Domino's Pizza india, Jubilant FoodWorks

Jubilant FoodWorks profit rises 63% to Rs 112.58 crore; revenue up 40.5% in April-June

July 28, 2022 17:07 IST

The company had posted a consolidated net profit of Rs 69.06 crore in the same quarter of the previous fiscal, Jubilant FoodWorks Ltd (JFL) said in a regulatory filing.

Congress may agree to Tejashwi as CM face to get Bihar alliance back on track

Political Pulse19 min ago

Tejashwi Yadav is set to be the chief ministerial candidate of the Mahagathbandhan alliance, as talks have resolved differences and reduced friendly fights. Though a seat-sharing deal has not been announced, a positive meeting with RJD's leadership has reassured the alliance's unity and focus on bringing change to Bihar.

View all shorts

Live Blog