Page 2592 - Company News

Aditya Birla Capital PAT up 2.6x to Rs 375 crore in March quarter

Aditya Birla Capital Ltd reported its highest ever quarterly profit after tax at Rs 375 crore in Q4 FY21, marking a 2.6 times growth year-on-year and 30% growth over the previous quarter

JSL posts consolidated net profit of Rs Rs 293 cr in March quarter

Jindal Stainless Ltd (JSL) on Friday reported a consolidated net profit of Rs 292.61 crore for the fourth quarter ended March 2021.

Extended Covid lockdowns to dent Westlife's dine-in segment revenues

Strong growth in convenience format, margin improvement would support financials

Shriram City Union Finance to infuse Rs 500 cr in Shriram Housing Fin

Mortgage financier Shriram Housing Finance (SHFL) Friday said its promoter Shriram City Union Finance will infuse Rs 500 crore in the company.

Koo in talks to raise funds; hopes to close a deal in 3-4 months

Twitter rival Koo is in discussions with investors to raise funding and hopes to close a deal in the next 3-4 months, Koo co-founder Aprameya Radhakrishna said.

L&T arm bags contracts worth Rs 2,500-5,000 crore for Chennai Metro

The construction arm of Larsen & Toubro has secured orders worth Rs 2,500-5,000 crore from its heavy civil infrastructure business in India.

Alembic Pharmaceuticals gets USFDA nod for bipolar depression drug

Drug firm Alembic Pharmaceuticals on Friday said it has received final approval from the US health regulator for Lurasidone Hydrochloride tablets, used to treat bipolar depression.

Apple India logs record quarter: PC, smartphone, iPad biz grows rapidly

Sales hit likely in Apr-June

High Covid-19 testing costs can stall global aviation recovery: IATA

The International Air Transport Association (IATA) has called on governments to ensure that high costs for Covid-19 testing do not put travel out of reach for individuals and families

Sterlite Copper oxygen plant in TN hits 'technical snag', halts production

Vedanta Ltd owned Sterlite Copper Plant which recently, commenced production of medical oxygen at its facility in Tamil Nadu has faced a 'technical snag' in a cold box

Go Air files IPO papers to raise Rs 3,600 crore, rebrands itself

India's largest airline by market share will use the proceeds to meet debt obligations, pay oil companies.

No takers for govt-owned vaccine manufacturing plant in time of Covid-19

Bidding deadline extended for eighth time since January

L&T Q4 preview: PAT seen rising up to 18% YoY as margin pressures ease

Ability to hold on to margins amid higher raw-material prices and restored salaries/wage cuts through cost control, order pipeline, and commentary on FY22 guidance among key monitorables

Hyundai plans to invest $7.4 bn in US by 2025 on EVs, production facilities

Hyundai plans to invest $7.4 billion in US by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions

TV ad volumes rise 39% in Jan-April; coming months likely to be challenging

The trend is in line with what has been visible since the 'unlock' phase began last year, when pent-up demand began pushing up ad volumes on TV

Explained: How CIOs are leading data strategy at their companies

One in every two CIOs plans to invest more in technologies to overcome challenges in data management

O2C, Indian Oil Corp bag supplies in intense bidding for KG-D6 gas

RIL and its partner BP of the UK had offered 5.5 million standard cubic meters per day of additional gas in the auction for a flexible tenure of 3-5 years

Blue Dart to operate drones for delivery of vaccines and medicines

The Ministry of Civil Aviation (MoCA) has granted the project with necessary exemptions and rights to fly drone flights on an experimental basis in Telangana

ONGC agrees to remove marketing margin, but refuses to lower gas price

Potential bidders however opposed the levy of the marketing margin as well as the "high" floor price

Amazon invests Rs 225 cr in India digital payments arm to ramp up presence

Last October, ahead of the festive season, Amazon had invested Rs 700 crore in Amazon Pay