Page 1996 - Company News

Billionaires bet on Indian cement sector for big ticket investments

Premji Invest, Damani pick up minority stakes in smaller cement companies

Bharat Dynamics to supply Astra Mark-1 missiles worth Rs 2,971 crore

With air-to-air missiles costing about Rs 15 crore each, the Astra will provide major business opportunities to Indian firms

Attero Recycling plans to spend $1 billion to expand as EVs take off

Attero at present recycles 3,500 MT of Li-ion waste in India and is expanding the capacity to 11,000 MT by October 2022

Higher volume growth trajectory key for reversal of Colgate's fortunes

Banking on relaunches, foray into new segments, digital strategy to address issues

Most Nifty 50 firms beat sales estimates, many fare worse on profitability

Companies with a larger profit helped the overall Nifty50 EPS register growth, despite the average company in the set taking a hit

LIC booked Rs 42,000 cr profit from equity markets in FY22, up 16% YoY

The LIC management clarified on Tuesday that profit should be looked at from the full-year perspective

Religare Enterprises, Religare Finvest settle Sebi case; pay Rs 10.5 cr

The order came after the two companies filed an application with Sebi proposing to settle the regulatory violations "without admitting or denying the findings" through a settlement order.

Myntra gets master distribution rights for US fashion brand 'bebe' in India

As part of the licensing agreement, Myntra will assist bebe with wholesale distribution through a network of independent third-party franchise partners and distributors.

Online searches on Magicbricks portal for rental housing up 16% in Jan-Mar

The pan-India rental rates witnessed a growth of 4 per cent QoQ, displaying improved strength of the rental housing market in the country.

NHAI likely to award highways contracts for 6,500 kms this fiscal: Official

The authority also remained confident of achieving its goal of constructing 5,000 km of national highways during the current fiscal, NHAI chairperson Alka Upadhyaya said.

5 days after arrest, Bhosale sent to CBI custody till June 8 in graft case

Avinash Bhosale was arrested on Thursday (May 26) by the central probe agency, which suspects illicit funds were routed through several real estate firms based in Maharashtra.

Campus Activewear Q4 net profit up three-fold to Rs 39.6 crore

Campus Activewear Ltd on Tuesday reported over three-fold increase in its consolidated net profit at Rs 39.60 crore for the fourth quarter ended March 2022.

Cargo handling by Essar Vizag port up by 10% YoY to 1.3 mn tonnes in Apr

Surge in traffic marks the uptick in Indian steel sector, a major contributor to India's manufacturing output

Zoomcar expects to achieve profitability in India by this year-end

Car sharing platform Zoomcar said it expects to achieve profitability in India by this calendar year-end, on the back of strong organic growth

India's core sector output expands at six-month high of 8.4% in April

The output of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity had expanded by 4.9 per cent in March 2022.

Determination of LIC's embedded value likely to be completed by June 30: MD

The Embedded Value (EV) is a measure of the consolidated value of shareholders' interest in the life insurance business.

Registration of properties in Mumbai city up 78% in May at 9,523 units

Shishir Baijal, Chairman & Managing Director, Knight Frank India said the real estate market in Mumbai held steady despite the pressures of inflation, rising input costs and rise in stamp duty.

LIC shares decline over 3% to hit record low after Q4 net slips 18%

Shares of LIC on Tuesday declined over 3 per cent after the company posted a 17 per cent decline in consolidated net profit for the fourth quarter ended in March 2022.

Flipkart clocks over 200 mn fashion products in Spring-Summer of 2022

Season saw a resurgence in consumption on renewed economic recovery post-pandemic

Apple may not announce its mixed reality headset at WWDC this year

In a series of tweets, Apple analyst Ming-Chi Kuo mentioned that he expects the tech giant's headset to launch in 2023.