Page 1441 - Company News
India's anti-trust law raises penalty, seeks deposit before appeal
India's income tax law too requires a deposit of 20% before appeal
 "India's anti-trust law raises penalty, seeks deposit before appeal")
Days after Apple opens own store in Saket, its premium reseller shuts shop
The mall operator did not renew Apple reseller Imagine's lease as it believed the company-owned store would perform better, said an executive
 "Days after Apple opens own store in Saket, its premium reseller shuts shop")
Pencilmaker Doms Industries looks to go public to raise $300 million
RR Group launched the stationary brand Doms in 2006 and later consolidated its operations based in Umbergaon and renamed as Doms
 "Pencilmaker Doms Industries looks to go public to raise $300 million")
MG Motor unveils India's cheapest e-car Comet EV starting from Rs 7.98 lakh
The two-door Comet EV offers a range of 230 kilometers on a single charge, while Tata's four-door Tiago EV has a range of 250-315 km
 "MG Motor unveils India's cheapest e-car Comet EV starting from Rs 7.98 lakh")
Green hydrogen player Ohmium raises $250 mn from TPG; to ramp up capacity
Green hydrogen company Ohmium International announced a $250 million fund raise, which will be deployed to ramp up its electrolyser manufacturing activities in India, among other purposes
 "Green hydrogen player Ohmium raises $250 mn from TPG; to ramp up capacity")
IIFL Finance Q4 profit rises 16% to Rs 269 cr, total income at Rs 1,079 cr
IIFL Finance on Wednesday reported 16 per cent jump in standalone net profit at Rs 269 crore for March quarter 2022-23
 "IIFL Finance Q4 profit rises 16% to Rs 269 cr, total income at Rs 1,079 cr")
Coffee Day audit lapses: NFRA slaps Rs 1.15 cr fine on 2 auditors, 1 firm
The National Financial Reporting Authority has imposed a ban and penalties totalling Rs 1.15 crore on three entities, including two auditors, for lapses in the auditing of Tanglin Developments Ltd
 "Coffee Day audit lapses: NFRA slaps Rs 1.15 cr fine on 2 auditors, 1 firm")
UTI AMC's profit after tax soars 59% to Rs 86 cr in March quarter
Total income grew marginally to Rs 309 crore in the quarter under review from Rs 305 crore in January-March 2021-22
 "UTI AMC's profit after tax soars 59% to Rs 86 cr in March quarter")
Shoppers Stop's consolidated net profit at Rs 14.26 cr in March quarter
The company had posted a net loss of Rs 15 crore for January-March period a year ago, Shoppers Stop said in a regulatory filing
 "Shoppers Stop's consolidated net profit at Rs 14.26 cr in March quarter")
Indus Towers' net profit declines 23% to Rs 1,399 cr in March quarter
The company's consolidated revenues rose 2 per cent year-on-year Rs 28,382 crore for FY23
 "Indus Towers' net profit declines 23% to Rs 1,399 cr in March quarter")
See hope in Vi, says Kumar Mangalam Birla after rejoining telco's board
He also acknowledged that its rivals Bharti Airtel and Reliance Jio are "doing well"
 "See hope in Vi, says Kumar Mangalam Birla after rejoining telco's board")
Bourses approves transfer of NCDs from HDFC Ltd to Bank as part of merger
HDFC Ltd on Wednesday said both stock exchanges BSE and NSE have approved the transfer of NCDs from the mortgage firm to HDFC Bank as part of the amalgamation process
 "Bourses approves transfer of NCDs from HDFC Ltd to Bank as part of merger")
Indus Towers Q4 net profit dips 23% to Rs 1,399 cr on drop in revenue
Net profit for the quarter stood at Rs 1399 crore compared to Rs 1829 crore in the same period last year
 "Indus Towers Q4 net profit dips 23% to Rs 1,399 cr on drop in revenue")
Reliance General to accept e-Rupee through Yes Bank for premium payments
Reliance General Insurance said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India's Central Bank Digital Currency e-Rupee for premium payments
 "Reliance General to accept e-Rupee through Yes Bank for premium payments")
ICICI Pru refutes GST dept contention of tax liability due to ITC claims
ICICI Prudential Life Insurance on Wednesday said it has refuted the contention of the GST department with regard to tax liability due to input tax credit (ITC) claims
 "ICICI Pru refutes GST dept contention of tax liability due to ITC claims")
S&P Global Ratings upgrades Tata Power to 'BB+' with stable outlook
S&P Global Ratings has upgraded its rating on Tata Power to 'BB+' with a stable outlook
 "S&P Global Ratings upgrades Tata Power to 'BB+' with stable outlook")
Syngene International's PAT rises 21% at Rs 179 cr in March quarter
Revenue from operations rose to Rs 3,193 crore in FY23 as compared with Rs 2,604 in 2021-22 fiscal
 "Syngene International's PAT rises 21% at Rs 179 cr in March quarter")
Voltas Q4 profit slumps 21% on provisions over contract terminations
Voltas, which competes with Blue Star, made provisions of 2.44 billion rupees during the quarter due to the termination of some contracts in Dubai and Qatar last year
 "Voltas Q4 profit slumps 21% on provisions over contract terminations")
HCLTech wins digital transformation deal from Heubach Group
HCLTech will deliver an IT system for Heubach Group across 11 countries to include deployment of hybrid cloud, cybersecurity solutions, and end-user services and secure networks
 "HCLTech wins digital transformation deal from Heubach Group")
Volume driven strategy could sustain growth for Nestle, say analysts
Valuations however leave little room for gains on the upside
 "Volume driven strategy could sustain growth for Nestle, say analysts")