 "Top headlines: Adani Ports Q1 net jumps 77%; Airtel Q1 net drops 63% qoq")
Adani Ports Q1 net jumps 77%; achieves highest ever quarterly volume growth
Adani Ports and Special Economic Zone Limited (APSEZ), a part of the diversified Adani Group, on Tuesday reported 77 per cent jump in net profit for the April-June quarter of FY22 on the back of higher cargo volumes and rising market share.
The company reported Q1 FY22 net profit of Rs 1,342 crore as compared to Rs 758 crore in the year ago period. Read more
Airtel Q1 net profit more than halves to Rs 283 cr; ARPU at Rs 146
Telecom major Bharti Airtel's earnings were under pressure in the first quarter, missing Street estimates and its average revenue per user muted as coronavirus-led disruptions weakened subscriber additions.
Profit for the April-June period declined 63 per cent to Rs 283 crore when compared with Rs 759 crore in the last quarter of previous financial year (Q4FY21). Read more
Nykaa IPO: First profitable unicorn, led by women, to tap public markets
India’s first women led profitable unicorn startup is going in for its initial public offering. Nykaa, the online beauty aggregator is looking to raise Rs 525 crore via fresh equity issuance. According to media reports the company intends to raise a total of Rs 4,000 crore.
According to the company’s draft red herring proposal (DRHP) filed with Sebi, both promoters and investors will make partial exit through offer of sale of shares up to 43.1 million. Read more
PM to invite Olympic contingent to Red Fort as special guests on Aug 15
Prime Minister Narendra Modi will invite India's Olympic contingent to the Red Fort as special guests on August 15 when he will deliver his eighth straight independence day speech.
Official sources said Modi will also invite them to his residence for interaction. Read more
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%