Page 1895 - Company News

Eveready Industries reports 27.5% fall in Q1 net profit at Rs 22 cr

Battery and flashlights maker Eveready Industries India Ltd on Monday reported a decline of 27.48 per cent in its consolidated net profit at Rs 21.85 crore for the quarter ended June 30, 2022.

Bajaj Consumer Care reports 30.7% dip in Q1 net profit to Rs 33.9 cr

FMCG firm Bajaj Consumer Care Ltd on Monday reported a decline of 30.69 per cent in its consolidated net profit at Rs 33.89 crore for the first quarter ended June 30, 2022.

Piramal Group charts growth path for financial services business

'We are on track to achieve retail loan disbursements of Rs 2,500 cr-3,500 cr in Q3FY23,' which is 5-7 times of pre-merger levels, says Piramal Group chairman Ajay Piramal

5G spectrum sale: Govt nets over Rs 1.5 trn; Jio top bidder

The mop-up from the 5G spectrum is almost double at Rs 77,815 cr worth 4G airwaves sold last year and triple of Rs 50,968 cr garnered from a 3G auction in 2010

Varun Beverages posts two-fold jump in June quarter, PAT at Rs 802 cr

Varun Beverages, PepsiCo's largest franchise bottler, on Monday reported a two-fold rise in consolidated profit after tax at Rs 802.01 crore for June quarter on growth in revenue from operations.

Rosneft begins production drill at Vostok Oil project's Payakhskoye field

Rosneft has started production drilling at the Payakhskoye field on the Taimyr Peninsula. The Russian energy company plans to drill about 80 wells there by the end of this year

Flight operations, load factor remain absolutely normal, says SpiceJet

Aircraft occupancy of SpiceJet on July 30 and 31 was 81% and 82.4% respectively. The airline said that all its flights have departed on time, as per schedule and there have been no cancellations.

Infosys Finacle inducted in IFSCA regulatory plan for blockchain finance

Six leading banks are collaborating with trade finance solution for short-term credit, import payments

Godrej Properties buys land parcel in Mumbai for its luxury housing project

Real estate firm Godrej Properties on Monday said it has acquired 0.5 acres of land in Mumbai to develop a luxury housing project with an estimated sales value of Rs 1,200 crore.

Over 32K tech workers fired in US, more than 11K in India till July

More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly Facebook)

5G spectrum auction Day 7: Jio, Airtel continue intense bidding for UP East

India's first-ever auction for 5G spectrum entered the seventh day on Monday with players including Jio and Airtel being locked in an intense bidding for the UP East circle

With $208 bn in fortunes, Mukesh Ambani, and Gautam Adani start to face off

Ambani's Reliance Jio Infocomm Ltd. is the top player in India's mobile market, while the Adani Group doesn't even have a license to offer wireless telecommunications services

Apple gears up to launch high-end MacBook Pros, Mac mini with M2 chip

Apple is likely to ramp up its Mac portfolio with high-end MacBook Pros and Mac mini with M2 silicon chip later this year.

Electric two-wheeler registrations fall 5% to 32,450 in July, shows data

Ather Energy, despite launching new model, saw its registrations fall 68 per cent in July to a mere 1,227 units

IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14 in Q1FY23: Report

The nation's largest oil refining and fuel retailing firm reported a net loss of Rs 1,993 cr in April-June qtr compared to Rs 5,941 cr of net profit in the same period a year back

Consumer firms hint at a breather from price hikes as costs decline

According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12

3 years after first bailout, BSNL continues to bleed and lose market share

The company reported a net sale of Rs 16,809 crore in 2021-22 (FY22), down 3.7 per cent from Rs 17,452 crore a year ago and loss of Rs 6,982 crore - a marginal improvement from Rs 7,441 crore in 2020-

EVs going mainstream, fire incidents will help industry mature: Ather CEO

Electric two-wheelers are going mainstream and the fire incidents will only help manufacturers to focus on quality, thus helping the industry mature, according to Ather Energy cofounder and CEO

JSW Energy targets 10 GW capacity by FY25, acquisitions to fuel growth

Company in advanced talks to acquire Mytrah Energy and Vector Green

Ashok Leyland expects commercial vehicle industry to grow at fast pace

Ashok Leyland expects the commercial vehicle industry to grow at a fast pace in the coming quarters, with economic activity gaining momentum and demand picking up across segments