Page 2496 - Company News

ICICI Lombard first quarter net slumps 62% to Rs 152 cr on Covid impact

Gross direct premium income grew to Rs 3,733 crore in the reporting period, up 13 per cent over Rs 3,302 crore a year ago, which ICICI Lombard said was in line with the industry growth level.

Glenmark Life Sciences to invest Rs 600 cr to double capacity in four years

Glenmark Life Sciences is the arm of drug major Glenmark Pharmaceuticals.

Biz2X launches API-based loan management system to speed up loan cycle

The solution minimises human error, offers customer detailed portfolio on a single click and helps him achieve cost savings

South Indian Bank Q1 net profit plunges 87% to Rs 10.31 cr, NPAs rise

South Indian Bank (SIB) on Thursday reported an 87.4 per cent year-on-year decline in net profit to Rs 10.31 crore for the June quarter as interest income fell while proportion of bad assets soared.

HeidelbergCement India Q1 net profit up 40.3% to Rs 68.65 cr

HeidelbergCement India Ltd on Thursday reported a 40.27 per cent increase in its net profit at Rs 68.65 crore for the first quarter ended in June 2021.

Gland Pharma shares rally over 9%; at 52-week high after Q1 earnings

Shares of Gland Pharma on Thursday jumped over 9 per cent after the company reported an 11.83 per cent increase in its consolidated net profit for the quarter ended June 30, 2021.

IIFL Securities Q1 PAT surges 66% to Rs 69 cr; total income up 50%

IIFL Securities on Thursday reported a 66 per cent jump in profit after tax (PAT) to Rs 68.9 crore for the three months ended June 2021.

Biogen defends Alzheimer's drug approval, reports $2 million in early sales

Biogen Inc said the approval of its Alzheimer's disease drug was based on extensive data as it seeks to quell concerns about the drug's effectiveness

Abbott profit more than doubles as medical device sales rebound

(Reuters) -Abbott Laboratories' quarterly profit more than doubled on Thursday, due to strength in its diagnostics business and a rebound in medical device sales.

Blackstone doubles second quarter earnings on surging asset sales

By Chibuike Oguh

Amazon Business offers deals to Indian businesses for Prime Day sale event

Aims to empower MSMEs by offering over 150 mn GST-enabled products across top categories; there are over 370,000 vendors selling to business customers on Amazon Business

Sterlite Tech Q1 profit jumps multi-fold to Rs 116 cr as Covid curbs eased

Sterlite Technologies posted a multi-fold jump in its consolidated profit at Rs 115.75 crore in the first quarter ended June 2021, helped by business gains post easing of Covid restrictions.

Sterlite Tech to acquire UK-based network integration firm Clearcomm Group

Broadband technology company Sterlite Technologies on Thursday said it will acquire Clearcomm Group, a leading Network Integration company in UK, to further globalise its system integration business

UltraTech Cement Q1 profit grows two-folds to Rs 1,700 cr; net sales up 54%

Aditya Birla group firm UltraTech Cement Ltd reported over two-fold jump in its consolidated net profit to Rs 1,700 crore in first quarter, helped by volume growth, increased operational efficiencies.

Amazon launches fulfilment centre programme for sellers in small town India

The Multi-Seller Flex programme would enable Amazon to offer customers a wider Prime selection and faster deliveries and create thousands of indirect jobs in tier 2 and below geographies.

Hindustan Zinc net profit rises 46% to Rs 1,983 cr in Q1 on higher volumes

Hindustan Zinc Ltd (HZL) on Thursday reported a 45.9 per cent rise in net profit to Rs 1,983 crore for the quarter ended on June 30, 2021, driven by a recovery in metal prices and higher volumes.

Mi India logs Rs 1,000 cr in sales during 7th Mi anniversary sale

Mi India on Thursday announced that it registered sales worth Rs 1,000 crore across categories during the Mi 7th anniversary sale from July 12-July 16 in the country.

CSB Bank's Q1 net profit increases 14% at Rs 61 cr, provisions rise

Private lender CSB Bank reported a nearly 14 per cent growth in its net profit to Rs 61 crore in April-June quarter of this fiscal compared to Rs 53.56 crore in same quarter of previous financial year

Renewed restrictions to hit sales in India in Q2 this year, says Unilever

Anglo-Dutch FMCG major Unilever on Thursday said the second wave of the coronavirus pandemic and subsequent restrictions in India impacted its sales in the country.

Saregama India Q1 net jumps 73% to Rs 27 cr on higher digital consumption

Music label Saregama India reported a 73.4 per cent jump in consolidated net profit at Rs 27.33 crore for June quarter, helped by increased consumption of content on digital media