Page 2042 - Company News
Godrej Properties' Q4 profit at Rs 260 cr; income triples to Rs 1,523 cr
Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended March 2022 on higher income.
 "Godrej Properties' Q4 profit at Rs 260 cr; income triples to Rs 1,523 cr")
Titan Q4 net profit falls 7% to Rs 527 cr, sales dip 1.14% to Rs 7,267 cr
Tata group firm Titan Company Ltd on Tuesday reported a 7.21 per cent decline in its consolidated net profit at Rs 527 crore in the fourth quarter ended March 2022.
 "Titan Q4 net profit falls 7% to Rs 527 cr, sales dip 1.14% to Rs 7,267 cr")
Adani Enterprises Q4 net up 30% to Rs 304 cr on spurt in airport business
Consolidated revenue up 83.66% at Rs 25,141.56 crore
 "Adani Enterprises Q4 net up 30% to Rs 304 cr on spurt in airport business")
JSW Energy Q4 net jumps over eight-fold to Rs 864 cr on one-time gains
After adjusting for the tariff reversal, the company's net profit stood at Rs 372 crore in Q4, which is higher than Bloomberg's consensus estimate of Rs 243 crore
 "JSW Energy Q4 net jumps over eight-fold to Rs 864 cr on one-time gains")
Tata Steel consolidated net profit up 46.8% YoY in March quarter
Total revenues for the quarter at Rs 69,324 crore were higher by 38.6 per cent compared to Rs 50,028 crore in the year-ago period
 "Tata Steel consolidated net profit up 46.8% YoY in March quarter")
IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs
Initial capital of JV Rs 120 crore; no technology capex as the same is being Offered by Open on a per-customer basis
 "IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs")
Northern Coalfields Ltd posts 26% rise in coal production in April
Northern Coalfields Limited registered a 26.22% YoY production growth and an 18% rise in dispatch in April 2020, helping the parent company achieve a 28 per cent traction in output for the month
 "Northern Coalfields Ltd posts 26% rise in coal production in April")
More than the edit button, Elon Musk needs reset button for Twitter India
Nearly all its revenue in the country was received as payments from a Singapore-based subsidiary: Just a few lakh rupees are shown as earned in India.
 "More than the edit button, Elon Musk needs reset button for Twitter India")
Truck, bus sales by top-5 manufacturers up 64% to 65,540 units in April
Though growth was seen across segments, big sales push came from small CVs used for last-mile delivery as demand from e-commerce firms remained strong
 "Truck, bus sales by top-5 manufacturers up 64% to 65,540 units in April")
Burman family may become the sole promoter of Eveready Industries
The Burmans - who have been buying into Eveready since 2019 and became the largest shareholder in July 2020 - have made it clear that their offer is for control
 "Burman family may become the sole promoter of Eveready Industries")
Adani Wilmar acquires Kohinoor rice brand in India to strengthen position
The acquisition of Kohinoor rice brand by Adani Wilmar will fuel the next level of growth for Adani Wilmar and widen the portfolio to cater to premium customer segments
 "Adani Wilmar acquires Kohinoor rice brand in India to strengthen position")
From zone chiefs to staff training: Shriram keeps ball rolling for merger
Appoints PricewaterhouseCoopers to advise on the post-merger integration
 "From zone chiefs to staff training: Shriram keeps ball rolling for merger")
The burning question: Why are electric two-wheelers in India catching fire?
Neither the industry nor the government has focused on standards and safety norms
 "The burning question: Why are electric two-wheelers in India catching fire?")
Oberoi group's EIH Associated Hotels chairman and director resigns
The board of directors at a meeting held on Monday appointed Shib Sanker Mukherji, who was the vice chairman, as the new chairman of the company, EIH Associated Hotels said in a regulatory filing
 "Oberoi group's EIH Associated Hotels chairman and director resigns")
Tata Steel to complete Neelachal Ispat Nigam acquisition Ltd this qtr: CEO
Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said
 "Tata Steel to complete Neelachal Ispat Nigam acquisition Ltd this qtr: CEO")
Adani Transmission gets nod for Rs 3,850 cr investment by Abu-Dhabi firm
Adani Transmission Ltd said it received shareholders' approval for issuance of 1.56 crore shares worth around Rs 3,850 crore on a preferential basis to Green Transmission Investment Holding RSC Ltd.
 "Adani Transmission gets nod for Rs 3,850 cr investment by Abu-Dhabi firm")
Ola Electric edges rivals to claim top spot among Indian e-scooter firms
Ola Electric has grabbed the top spot in the fast-growing electric vehicle (EV) market in India, in just five months of launching its first e-scooter.
 "Ola Electric edges rivals to claim top spot among Indian e-scooter firms")
Network18 fourth-quarter net profit up 58% YoY at Rs 61 cr; TV18's down 13%
Network18 Media & Investments on Tuesday reported 58.1 per cent year-on-year surge in its consolidated net profit to over Rs 61 crore during Q4FY22.
 "Network18 fourth-quarter net profit up 58% YoY at Rs 61 cr; TV18's down 13%")
Meta took down over 27 million pieces of bad content in India in March
Meta actioned a huge 14.9 million spam content, 2.5 million violent and graphic content and 2.1 million content related to adult nudity and sexual activity, among others
 "Meta took down over 27 million pieces of bad content in India in March")
Govt-owned insurers go for organisational rejig, look for consultants
Four general insurers have decided to restructure the organisation towards profitable growth and have called for Request for Proposal (RFP) from consultancy firms
 "Govt-owned insurers go for organisational rejig, look for consultants")