Page 1911 - Company News

Vedanta sees QoQ fall in profit and revenue; stock ends in the green

Vedanta's consolidated net debt stood at Rs 26,799 crore in the June quarter, against Rs 24,414 crore for the quarter ended March 2022

AM/NS India Ebitda declines 39.9% in June quarter on lower shipments

Reports steel shipments of 1.51 MT in quarter, compared with 1.72 MT a year ago and 1.73 MT in previous quarter

Cognizant Q2 profit up 12.7% at $577 mn, lowers revenue guidance

Revenue was at $4.9 billion, up 9.5 per cent in constant currency on a year-on-year (YoY) basis

US retailer Macy's tech expense cut likely to hurt Indian IT giants

Macy's is among the first US retailers to announce spending cuts

Funding winter hits start-up advertising spend across properties

Start-ups, internet firms accounted for 13% of overall advertising expenditure in 2021

5G spectrum auction enters Day 4 as telcos up the game in Uttar Pradesh

At the end of day three and 16 rounds of bidding, there was no action in any frequency band other than 1800 MHz (used for 2G and 4G) in UP East

Markets surge after Fed signals slower rate hikes; Sensex up over 1,000 pts

Four-fifths of the Sensex constituents ended with gains. Bajaj Finance rose 10.7 per cent and was the best-performing index stock

Telecom industry has come a long way in 5G advancements: Ashwini Vaishnaw

Announcing the sixth edition of the India Mobile Congress (IMC) 2022, he said that the industry has emerged to become a sunrise industry in India and a benchmark for the world.

BofA Securities Europe SA offloads Delta Corp shares worth Rs 31 crore

The shares of the company were disposed of at an average price of Rs 192.56 apiece, valuing the transaction size at Rs 30.91 crore.

FMCG companies see strong growth in premium items: Kantar report

The report also said that small packs helped premium segments grow because aspirational buyers were willing to explore and try new brands

Tata Neu CTO quits four months after launch to join 'global role'

According to company officials, its been 10-days since Sauvik Banerjjee has moved out of his role

Parle Products remains most chosen FMCG brand for 10 years in a row: Report

The number of brands growing in terms of CRP improved in 2021 (70 per cent), over 2020 (56 per cent)

5G spectrum auction stretches to 4th day; Rs 1.49-trn bids received so far

Telecom Minister Ashwini Vaishnaw on Thursday said 16 rounds of bidding have been completed in three days

Vijay Shekhar Sharma seeks to reset Paytm after firm's IPO fiasco

The digital-payments provider is set to become India's first internet company to hit $1 billion in annual revenue by the end of this fiscal year in March, says Vijay Shekhar Sharma

SBI Life's net profit rises 18% YoY to Rs 263 crore in June quarter

Its VNB margins - a measure of profitability of life insurers - stood at 30.4 per cent, against 23.7 per cent in the year-ago period

Received 'quite a number of bids' for Sterlite Copper unit: Vedanta CEO

Diversified natural resources company Vedanta on Thursday said it has received "quite a number of bids" for its Sterlite Copper unit in Tamil Nadu, and is in the process of evaluating them

PNB HFC Q1 net down 3% YoY, corporate loan pre-payments hit income

Disbursements during reporting quarter almost doubled to Rs 3,451 crore compared to Rs 1,759 crore in Q1FY22

Bajaj Finserv shares jump 10% after June earnings; mcap climbs Rs 21,681 cr

Shares of Bajaj Finserv on Thursday zoomed over 10 per cent after the company reported a 57 per cent jump in net profit in the June quarter.

DHFL scam: F N Souza, Raza's paintings among Rs 12-cr assets seized by CBI

The CBI has recovered paintings of Indian maestros FN Souza and SH Raza worth Rs 5.50 crore during a fresh round of searches related to India's biggest bank fraud involving DHFL, officials said.

M&M Finance posts net profit of Rs 240 cr in Q1; total income rises 14%

Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations.