Page 3035 - Company News
Covid-19 impact: Jagran Prakashan reports Q1 net loss of Rs 44.31 cr
The company had posted a profit after tax of Rs 65.75 crore during the April-June period a year ago, Jagran Prakashan Ltd (JPL) said in a BSE filing.
 "Covid-19 impact: Jagran Prakashan reports Q1 net loss of Rs 44.31 cr")
Unlock 3.0: Surat diamond industry crawls back to work amid relaxed norms
Number of hours of operations extended from four to six; industry is estimated to be sitting with a rough diamond inventory of over $2 billion before fresh supply can be imported for polishing
 "Unlock 3.0: Surat diamond industry crawls back to work amid relaxed norms")
Aashish Somaiyaa exits Motilal Oswal AMC after 7 year at the helm
Navin Agarwal, who had been managing director for Motilal Oswal Financial Services, will lead the AMC as its MD and CEO
 "Aashish Somaiyaa exits Motilal Oswal AMC after 7 year at the helm")
Robust performance of domestic biz to help Torrent Pharma outperform peers
Chronic-heavy portfolio, pharma market recovery boost shares
 "Robust performance of domestic biz to help Torrent Pharma outperform peers")
Fitness startup Fitternity looking to raise $12-15 million by January
Fitness startup Fitternity, which claims to be the largest platform for wellness equipment and services in the country, is planning to raise $12-15 million (around Rs 90-112 crore) from overseas inves
 "Fitness startup Fitternity looking to raise $12-15 million by January")
Godrej Agrovet's Q1 consolidated net profit rises 29.65% to Rs 100.6 cr
The company had posted a net profit of Rs 77.58 crore in the year-ago period, according to the regulatory filing
 "Godrej Agrovet's Q1 consolidated net profit rises 29.65% to Rs 100.6 cr")
Deepak Fertiliser Q1 profit surges to Rs 120 cr on higher IPA sales
Deepak Fertilisers and Petrochemicals on Friday posted multi-fold increase in net profit to Rs 120 crore for the quarter ending June as sales volumes of isopropyl alcohol jumped by about 49 per cent y
 "Deepak Fertiliser Q1 profit surges to Rs 120 cr on higher IPA sales")
Flipkart supports 600,000 artisans in India through Samarth programme
Walmart-owned Flipkart on Friday said it supports over six lakh artisans, weavers and craftsmen across the country through its Samarth programme
 "Flipkart supports 600,000 artisans in India through Samarth programme")
Tata Chemicals' Q1 net profit drops 67% to Rs 74 cr due to poor sales
The company had posted a net profit of Rs 78.52 lakh for the corresponding period of the previous fiscal, MHRIL said in a filing to BSE
 "Tata Chemicals' Q1 net profit drops 67% to Rs 74 cr due to poor sales")
Biz with turnover above Rs 500 cr to raise e-invoice for B2B transactions
The Central Board of Indirect Taxes and Customs (CBIC) has notified the revised format for e-invoice under GST by replacing existing form and also increased the turnover threshold
 "Biz with turnover above Rs 500 cr to raise e-invoice for B2B transactions")
Mahindra Holidays & Resorts India reports Q1 net loss of Rs 32.37 cr
The company had posted a net profit of Rs 78.52 lakh for the corresponding period of the previous fiscal, MHRIL said in a filing to BSE
 "Mahindra Holidays & Resorts India reports Q1 net loss of Rs 32.37 cr")
TV imports ban to help domestic industry, raise employment: Manufacturers
Brands such as Sony, LG, Panasonic, Thomson and contract manufacturers like Dixon Technologies say the ban would create a momentum for local manufacturing and create opportunities for the industry
 "TV imports ban to help domestic industry, raise employment: Manufacturers")
Accel to acquire Redington's computer repair and peripheral business
Signs agreement to acquire Ensure Support Services (India) Ltd for Rs 31 crore in cash
 "Accel to acquire Redington's computer repair and peripheral business")
Stable outlook for tractor industry, limited Covid impact on demand: Icra
In June, the industry recorded a 22 per cent growth in wholesale volumes and 10 per cent growth in retail volumes
 "Stable outlook for tractor industry, limited Covid impact on demand: Icra")
US books 100 mn Covid-19 vaccine doses for $2.1 bn from GSK, Sanofi Pasteur
The US government has a further option for the supply of an additional 500 million doses longer term as part of its Operation Warp Speed programme
 "US books 100 mn Covid-19 vaccine doses for $2.1 bn from GSK, Sanofi Pasteur")
Taxes, levies in telecom high, need to be reviewed thoroughly: Sunil Mittal
The government needs to ensure that the telecom industry, which has had its ups and downs, is given due attention in area of levies and taxes, Mittal said
 "Taxes, levies in telecom high, need to be reviewed thoroughly: Sunil Mittal")
In Make in India boost, Realme begins entire TV production in Greater Noida
Smart TVs, like the company's phones, will be 100 per cent locally manufactured in India: CEO
 "In Make in India boost, Realme begins entire TV production in Greater Noida")
Tech major HP appoints Ketan Patel as Greater India Managing Director
Tech major HP on Friday said it has appointed Ketan Patel as the managing director of its Greater India operations.
 "Tech major HP appoints Ketan Patel as Greater India Managing Director")
Pfizer, BioNTech to supply 120 mn doses of coronavirus vaccine to Japan
BioNTech and Pfizer on Monday began a large, late-stage trial of their vaccine candidate to demonstrate its efficacy
300 mn kept away from basic internet: Mukesh Ambani calls for scrapping 2G
Earlier, Ambani had announced that RIL's telecom arm Jio will strive to make India free of 2G by migrating from feature phones to an affordable smartphone
 "300 mn kept away from basic internet: Mukesh Ambani calls for scrapping 2G")