Page 2185 - Company News

FRL's independent directors acting for benefit of promoters: Amazon

It is not for the benefit of FRL's shareholders, creditors, vendors and employees, alleged Amazon's letter to FRL's independent directors

ReNew Power sells its rooftop solar portfolio to Fourth Partner Energy

Deal valued at Rs 672 crore. Fourth Partner Energy is backed by TPG and Norfund.

Ola setting up Futurefoundry in UK, creating $100-mn vehicle design centre

Recent $200 mn funding to help Ola speed up development of other vehicle platforms, including e-motorbike, mass market scooter and electric car

BharatPe's PoS business grows to $4 bn annualised transaction value

Fintech firm says it has ramped up the reach of this business by 25x to over 250 cities in the past 12 months

Tata Sons gets loan commitment from SBI-led consortium for AI: Report

Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements

Air India to enhance in-flight service as ownership changes hands

Cabin crew are being trained on procedures, focus on service with finesse

RBL Bank Q3 net slips 17%; net interest income up 0.10% to Rs 1,010 cr

Rajeev Ahuja, the interim chief executive and managing director, said the performance across businesses is looking good and the fourth quarter of FY22 and the time ahead will see it deliver better per

Fintech company Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc

Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc.

Sebi imposes Rs 30 lakh fine on 6 entities in illiquid stock options case

The Securities and Exchange Board of India (Sebi) observed large scale reversal of trades in stock options segment on the BSE

Fino Payments Bank net profit rises 116% at Rs 14.1 crore in Dec quarter

Its revenues rose by 20 per cent YoY to Rs 275.16 crore in Q3Fy22

SC to hear plea of Future for direction to lending financial institutions

The Supreme Court agreed to hear the plea of Future Retail seeking a direction to lending financial institutions (FIs) from taking any action over non-payment of its debt obligations.

Home First Finance reports multifold jump in profit to Rs 46 cr in Dec qtr

The Company had posted a net profit of Rs 16 crore during the year-ago quarter of December 2020

LIC Housing Finance net profit rises 6% to Rs 767.33 crore in Dec quarter

Mortgage lender LIC Housing Finance reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021

Dalmia Bharat Q3 profit declines 59.2% to Rs 73 cr; revenue at Rs 2,731 cr

Cement maker Dalmia Bharat Ltd reported a 59.2 per cent decline in its consolidated net profit to Rs 73 crore for the third quarter ended December 2021.

BHEL posts consolidated net profit of Rs 27 crore for December quarter

State-owned engineering firm BHEL posted a consolidated net profit of Rs 27.02 crore for December quarter 2021-22, mainly on the back of higher revenues.

Pharmaceuticals firm Laurus Labs Q3 net drops 43% to Rs 155 crore

Pharmaceuticals firm Laurus Labs said its consolidated net profit declined by 43 per cent to Rs 154.97 crore for the third quarter ended December 31, 2021.

Mahindra Logistics' profit after tax declines 72% to Rs 5 cr in Dec quarter

Mahindra Logistics Ltd (MLL) reported a sharp 72 per cent year-on-year decline in profit after tax (PAT) to Rs 5 crore for the December 2021 quarter.

TD Power Systems net profit dips 7% to Rs 19 crore in Dec quarter

TD Power Systems reported a seven per cent dip in consolidated net profit at Rs 19.53 crore for December quarter 2021-22

Samsung Electronics reports robust profit based on chip strength

Samsung Electronics Co. said its operating profit for the last quarter rose by more than 53% from the same period last year as it continued to thrive during the pandemic

Birlasoft's net profit jumps 18.2% to Rs 114 crore in December quarter

The IT services company had posted a profit of Rs 96.4 crore in the October-December 2020 period