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COMPANIES NEWS - Page 65
Nestle India Q2 profit falls 4.3% to Rs 515.34 crore, net sales up 15.7% to Rs 4,006.86 crore
July 28, 2022 15:32 IST
The company, which follows the January-December financial year, had posted a net profit of Rs 538.58 crore in the corresponding period a year ago, Nestle India said in a regulatory filing.
Maruti Suzuki reports over two-fold rise in net profit to Rs 1,036 crore in Q1
July 28, 2022 11:01 IST
Maruti Suzuki India had posted a net profit of Rs 475 crore in the COVID-hit April-June quarter of the last fiscal.
Rs 1.64 lakh crore revival package for BSNL gets Cabinet nod
July 28, 2022 11:01 IST
The four-year revival strategy follows a 2019 booster, when the government had announced a Rs 70,000-crore package mainly to cover a voluntary retirement scheme for BSNL employees.
Bajaj Auto looking at high-end electric motorcycles
July 28, 2022 11:01 IST
"We are also in discussion with KTM (and) there is a joint work going on where we are looking at platforms for high-end electric motorcycles," Bajaj Auto Executive Director Rakesh Sharma said while replying to a question during the post-Q1 earnings media briefing.
Strong growth in sales in India during H1’22: Unilever
July 28, 2022 11:01 IST
India comes under the Asia/AMET/RUB (Africa, Middle East, Turkey; Russia, Ukraine, Belarus) market region of Unilever, which has reported underlying sales growth of 9 per cent to 13.7 billion Euros.
AUDI to focus on electric vehicles from 2033: Official
July 26, 2022 20:43 IST
Audi India Head Balbir Singh Dhillon said that the auto major would stop production of current models powered by ICE and would commence transition to sell only electric vehicles from 2033 onwards.
Gautam Adani says never slowed investments; $70 billion to turn India to clean energy exporter
July 26, 2022 16:38 IST
Speaking at the annual shareholder meeting of the group companies, he said the previously announced USD 70 billion investment in new energy business will help turn India from being a net importer of oil and gas to an exporter of clean energy.
India’s biggest spectrum auction begins; 5G airwaves worth Rs 4.3 lakh crore on offer
July 26, 2022 11:04 IST
Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race to bid for 5G spectrum, that offers ultra-high speeds (about 10 times faster than 4G), lag-free connectivity, and can enable billions of connected devices to share data in real-time.
HDFC Securities joins hands with Equitas Small Finance Bank to offer demat, trading services
July 25, 2022 17:35 IST
With the new partnership, Equitas Small Finance Bank will offer its customers a "3-in-1" account for accessing the services of HDFC Securities.
Domino’s India may shift business away from delivery firms Zomato and Swiggy
July 25, 2022 16:14 IST
A senior industry executive with direct knowledge said that Zomato's and Swiggy's commissions were a concern for Domino's and many other restaurants.
Jyothy Labs Q1 net up 18.7 pc to Rs 47.73 cr; sales up 13.7 pc
July 25, 2022 14:37 IST
The company had posted a net profit of Rs 40.20 crore in the April-June quarter of the last fiscal year, Jyothy Labs said in a regulatory filing.
Hit by Covid, small & micro units wait for Rs 8.7 lakh crore in pending duesSubscriber Only
July 25, 2022 07:53 IST
Delayed payments stall sector’s revival after deep pandemic losses.
RIL Q1 net profit up 40% to Rs 19.4K crore
July 25, 2022 07:52 IST
Reliance Retail’s gross revenue increased to Rs 58,554 crore in June 2022 quarter as against Rs 38,547 crore a year ago. Its net profit rose by 114.2 per cent to Rs 2,061 crore.
UltraTech Q1 net profit falls 7 pc to Rs 1,582 crore; net sales rise 28 pc to Rs 15,164 crore
July 22, 2022 19:41 IST
The company had posted a net profit of Rs 1,700.03 crore in the April-June period a year ago, UltraTech Cement said in a BSE filing.
Reliance Jio reports 24% rise in quarterly profit
July 22, 2022 17:35 IST
The company's net profit for quarter ended June 30 came in at 43.35 billion rupees ($542.57 million), compared with 35.01 billion rupees in the same period a year ago, Jio said in a regulatory filing.
Prashant Jain quits as HDFC AMC CIO
July 24, 2022 07:04 IST
HDFC AMC's cheif investment officer has quit the company, it has now appointed Chirag Setalvad as head equities and Shobhit Mehrotra as head-fixed income.
Airtel to be at forefront of bringing 5G connectivity to India: Sunil Mittal
July 22, 2022 14:54 IST
In Bharti Airtel's annual report 2021-22, Sunil Mittal said, "We can proudly say that Airtel will be at the forefront of bringing 5G connectivity to India with a powerful network that will support India's digital-first economy."
Coforge Q1 profit up 21 pc to Rs 150 cr
July 22, 2022 14:19 IST
The gross revenue of Coforge increased by 25.2 per cent to Rs 1,829.4 crore during the reported quarter, from Rs 1,461.6 crore in the June quarter last year.
TCS ex-CFO Ramakrishnan no more
July 22, 2022 03:59 IST
Ramakrishnan became the CFO in February 2017 and retired in April 2021. He worked with Tata Motors, Tata Elxsi and in the consumer electronics industry. He spent close to eight years at TCS America and nearly 14 years at TCS as Vice President of finance and then the CFO.
ITC to spearhead MAARS super app to boost agri business
July 21, 2022 18:15 IST
MAARS super app will empower farmers by providing them with access to modern tools, right quality of inputs at right prices, besides market and financial linkages.
Hindustan Zinc net profit rises 56 pc in June quarter
July 21, 2022 16:51 IST
"Net profit for the quarter was at Rs 3,092 crore, up 55.9 per cent Y-o-Y and 5.6 per cent sequentially," the company said in a statement.
CEAT net profit declines 61 pc in June quarter
July 21, 2022 12:35 IST
"Despite a capex of Rs 250 crore, we have maintained our net debt level close to the previous quarter. Raw material costs moved up during this period, impacting our margins adversely," said CEAT CFO Kumar Subbiah
NCLT initiates action against FRL
July 21, 2022 02:43 IST
Future Group’s proposed deal with Reliance Industries (RIL) that involved FRL also was opposed by Amazon. However, the deal was later called off.
Wipro Q1 net profit falls nearly 21% to Rs 2,563.6 crore
July 20, 2022 17:29 IST
The profit for the period (attributable to the equity holders of the company) stood at Rs 3,242.6 crore in the year-ago period.
FPIs, mutual funds increase stake in Paytm
July 20, 2022 17:04 IST
Paytm's stock increased about 18 per cent to Rs 675.8 in June quarter. Its shares opened at Rs 742 apiece on Wednesday morning.
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