Page 1573 - Company News

ABB India net profit rises by 58% to Rs 306 crore in December quarter

ABB India on Friday posted a 58 per cent jump in its net profit at Rs 306 crore in the December quarter, mainly on the back of higher revenues

Oil India reports 40% jump in Dec qtr profit on high output, better pricing

State-run explorer Oil India reported a bigger-than-expected 40% jump in third-quarter profit on Friday, aided by increased production and better price realisation

JM Financial net income falls by 12.3% to Rs 190.2 crore in Dec quarter

Financial services firm JM Financial on Friday reported a 12.3 per cent fall in net income at Rs 190.2 crore for the quarter ended December 2022

Fortis Healthcare reports flat December quarter profit at Rs 142 crore

Fortis Healthcare on Friday reported a flat December quarter net profit at Rs 142 crore

Kotak Mahindra Bank to acquire Sonata Finance for Rs 537 crore

The acquisition will be subject to regulatory approvals, including by the Reserve Bank of India (RBI)

NSE removes Adani Ports, Ambuja Cements from surveillance framework

Shares of eight of the 10 group firms closed in the red, while two companies settled in the green territory on Friday

Diamond jewellery contribution to touch 30% over 2-3 years: Titan

The firm currently sees 26 per cent of its revenue come from diamond-studded jewellery

Crown Worldwide opens third phase of records management centre in Chennai

With the completion the 3rd phase at an investment of $2 million, the unit now has a storage capacity of over 1.8 million standard carton equivalent (SCEs), with additional 40,000 SCE of vault storage

Puravankara reports highest ever Q3 sales, revenue up 67% amounting 410 cr

"We will continue to work towards expanding our market share," said Ashish Puravankara, Managing Director, Puravankara Limited

M&M's Telangana plant to roll out its first electric vehicle next year

Auto maker Mahindra and Mahindra expects its first electric vehicle to roll out from its manufacturing plant in Zaheerabad, Telangana by 2024, a senior executive of the firm said on Friday

Reliance, Aditya Birla Group, Tata to invest more than Rs 1 trillion in UP

India's leading conglomerates Reliance, Aditya Birla Group and Tata on Friday committed to invest more than Rs 1 lakh crore in Uttar Pradesh to expand their businesses in the near future

Govt to revoke ban imposed on fintech companies LazyPay, Kissht

The government will revoke the ban imposed on fintech firms LazyPay and Kissht after representations were made by these companies, a senior official said on Friday

Adani Group reels after report from US based short-seller Hindenburg

NEW DELHI (Reuters) - Indian tycoon Gautam Adani's conglomerate has been pummelled by a stock rout and come under increasing scrutiny after U.S. short-seller Hindenburg Research

Founder Nate Anderson says Hindenburg has never been banned, seized

Nathan Anderson, the founder of Hindenburg Research whose damning report led to a USD 100 billion-plus rout in Adani Group shares, has said that his firm has never been banned, account never seized.

ChatGPT, other AI models to disrupt Indian IT firms: JP Morgan analyst

(Reuters) - Generative AI models such as ChatGPT will slow down market share gains and deflate pricing for Indian IT companies in the short term, analysts at J.P.Morgan said on Friday.

Adani Wilmar to be dropped from S&P BSE IPO indices: Asia Index Pvt Ltd

Asia Index, which is a 50-50 partnership between S&P Dow Jones Indices LLC and India's BSE Ltd, said the reconstitution will be effective from Feb 20

SpaceX ignites giant Starship rocket into orbit in crucial pad test

SpaceX is a big step closer to sending its giant Starship spacecraft into orbit, completing an engine-firing test at the launch pad on Thursday.

Meet users can now include captions in meeting recordings, Google revealed

Tech giant Google is rolling out a new feature to its video-communication service 'Google Meet', which will allow users to include captions in a meeting recording.

SC dismisses Google's plea to amend Jan 19 order to back NCLAT's view

The SC on Friday refused to entertain the plea of Google LLC seeking modification of its January 19 order and said the company can raise its grievances during hearing of its appeal before the NCLAT.

Moody's Investor Service cuts rating outlook on 4 Adani companies

Moody's on Friday revised downwards the rating outlook on 4 Adani Group companies to negative from stable after significant and rapid decline in market value following a report by Hindenburg Research