Page 7 - Business News Today

Grasim's small shareholders may not be keen to invest more in Vodafone Idea

This set owns 60% stake in the company and has seen zero returns on investments in the telecom firm

Bharat Dynamics shares crash 13% as Centre launches OFS to divest stake

Rs 900-crore share sale gets bids worth Rs 720 crore from institutional investors; retail portion to be auctioned on Wednesday

Allcargo shares shed nearly 4% as delisting floor price disappoints

The company on Saturday announced that its promoters have set the floor price at Rs 92.58, which is 19% lower than the firm's last closing price of Rs 114.5 on Monday

June results show op profit margins high even as profits sank: CARE Ratings

The numbers looked at the aggregate performance of 1,435 companies excluding those from the banking and finance sectors

PI Industries: Strong FY21 outlook, de-risking plans bode well for company

For FY21, the company indicated that domestic growth would be in the 20-22 per cent band outperforming the market growth

IndiGrid Q1 revenue jumps 78% to Rs 361 crore on steady performance

India Grid Trust (IndiGrid) on Thursday reported a consolidated revenue of Rs 361 crore for the April to June quarter, up 78 per cent year-on-year.The consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) were Rs 329 crore, marking an increase of 74 per cent due to accretive acquisitions and steady operational performance.The board of investment manager for IndiGrid approved a distribution per unit (DPU) of Rs 3 for Q1 FY21 entirely payable as interest to unitholders.Including this 13th distribution, IndiGrid has delivered Rs 36.56 per unit since listing, marking a total return of 42 per cent as of July 31.The infrastructure investment trust said its management remains focused to maintain a strong balance sheet to successfully weather any near-term Covid-19 related uncertainty. The net debt/AUM stands at 50 per cent as of June 30, significantly below the 70 per cent cap as per SEBI InvIT regulations.The robust balance sheet provides ample headroom to ...

Paytm appoints Bhavesh Gupta as Chief Executive Officer of lending business

Most recently, Gupta served as the founding member and chief executive officer (CEO) of Clix Capital

Adidas expects to bounce back to profitability in Q3 after pandemic hit

Adidas said its sales were flat for the second quarter in China, where it saw double-digit growth in May and June

CreditAccess Grameen reports 22% decline in Q1 net profit at Rs 75 crore

The company said it is well capitalised, with standalone capital to risk weighted assets ratio of 23.7%

Kirloskar Oil Engines reports Rs 6.73 crore net loss for June quarter

Consolidated revenue from operations stood at Rs 422.33 crore. It was Rs 901.03 crore in the year-ago quarter

Sunteck Realty Q1 profit plunges 91% to Rs 3.06 cr; FY20 profit drops 56%

Sunteck Realty's net profit stood at Rs 33.20 crore in the year-ago period

Top 10 biz headlines: DHFL dues, rise in Jio users, Huawei 5G trial, & more

From DHFL's dues claim to Bharat Forge increasing stake in Aeron Systems, here are the top 10 business stories that made news on Monday

Top 10 headlines: India GDP growth rate forecast, Tata vs Mistry, and more

Business Standard brings you the top headlines that made news on Monday

Top Headlines: Manmohan slams govt on economy, Hong Kong effect on airlines

Here are the top news stories that made headlines today

Top headlines: Consumer spend, Singh bros, Essar Steel case, and more

From NSO data on consumer spending to Walmart International's sales growth, here are the top news stories that made headlines today

Top headlines: India GDP growth, CJI under RTI Act, Delhi pollution, & more

From Indian GDP growth forecast to SC striking down rules in amended Finance Act 2017, here are the top news stories that made headlines today

Top headlines: Vodafone India biz, President's rule in Maharashtra & more

From 5G spectrum auction to Maharashtra politics, here are the top news stories that made headlines today

Top headlines: Moody's cuts India outlook, M&M Q2 results, AGR row and more

From Moody's downgrade to Mahindra and GAIL Q2 results, here are the top news stories that made headlines today

Top 10 biz headlines: Setback for Tata Motors, ArcelorMittal & more

From Tata Motors' Q1 loss nearly doubling to TPG Capital and Advent International being in talks to infuse funds in YES Bank, Business Standard brings you the top 10 business news of the day

Top business headlines: Truce at Indigo, big bureaucratic reshuffle & more

From Indigo promoters reaching compromise to government approving Rs 3,050-cr fine on Airtel and Vodafone Idea, here are top 10 events and developments that made news on Wednesday