Page 146 - Companies

Security and Intelligence Services profit rises to Rs 101 crore in Q3

Security and Intelligence Services (SIS) reported a marginal increase in net profit at Rs 101 crore for the third quarter ended December 2021.

Westlife Development posts net profit of Rs 20.82 crore in Dec quarter

Westlife Development Ltd reported a multifold jump in its consolidated net profit to Rs 20.82 crore for the third quarter ended December 2021.

Board of Coromandel International appoints S Venu as Additional Director

Agri-solutions provider Coromandel International Ltd reported a 16.2 per cent rise in profit after tax at Rs 379 crore for the quarter ending December 31, 2021.

Kuwy launches a platform for complete online car sales process

Automotive fintech startup Kuwy on Thursday said it has launched a platform for complete online car sales process by bringing together buyers, sellers and lenders. The Chennai-based company, which is a subsidiary of Volkswagen Finance, introduced - KUWYLaaS, an AI-driven platform with block chain technology to complete car sales online. In addition to democratising online car sales with complete transparency, the technology provides greater level of information to power the choice as well as right decision making for all three - seller, buyer and lender. "KUWYLaaS will jump start the journey of online car retailing in India. The technology innovation in the KUWYLaaS will not only eliminate all the challenges associated with online car sales today but also provide deeper insights that will enable the completion of online transactions," Kuwy CEO & Co-Founder B Ganesh Kumar noted. The platform allows a customer to select finance options, choosing a lender and getting instant approval

HCC posts 45.7% decline in net profit to Rs 118.6 crore for Dec quarter

Hindustan Construction Company (HCC) reported a 45.66 per cent decline in net profit to Rs 118.58 crore for the quarter ended December 31, 2021.

MapmyIndia to acquire 9.9 pc stake in geospatial company Pupilmesh

Digital maps company CE Infosystem, which operates under the MapmyIndia brand, said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh.

Dhanuka Agritech Q3 profit up 6% at Rs 42.5 cr; revenue up 19% at Rs 364 cr

Agro-chemicals firm Dhanuka Agritech Ltd reported a six per cent increase in its consolidated net profit to Rs 42.51 crore for the quarter ended December.

HCC Group signs pact with Cube for sale of Baharampore-Farakka Highway

HCC Group said it has signed an agreement with Cube Highways to sell Baharampore-Farakka Highways Ltd (BFHL) at an enterprise value of Rs 1,279 crore.

Gillette India posts 13.9% decline in profit to Rs 70.50 cr for Dec quarter

Shaving products maker Gillette India Ltd reported a 13.9 per cent decline in net profit to Rs 70.50 crore for the quarter ended in December 2021

Zee Entertainment Q3 results: Consolidated PAT declines 25% to Rs 299 cr

Zee Entertainment Enterprise Ltd reported a consolidated net profit of Rs 298.98 crore for the third quarter ended December 2021.

Poonawalla Fincorp consolidated net profit up at Rs 96 crore in Q3

Interest margins improve, credit costs down; asset growth flat

TTML decides against conversion of interest amount on AGR dues into equity

TTML said it has decided not to opt for conversion of interest related to AGR dues into equity

UK Grocery giant Tesco cuts overnight roles; 1,600 jobs at risk

British supermarket chain Tesco warned Tuesday that more than 1,600 workers are at risk of losing their jobs because of changes to its stores and gas stations. The retail giant said many of the jobs are at risk after it removes overnight shelf-stacking roles at many shops. Three dozen gas stations also will be converted to pay-at-pump only during overnight hours, Tesco said. The company said it was aiming to reassign all affected staff. Tesco said Monday that it was planning to close its discount supermarket arm, Jack's, with seven stores shutting for good and the remaining six becoming Tesco shops. It also announced it was closing meat, fish and deli counters in over 300 stores. Customers' shopping habits have changed since the start of the coronavirus pandemic, Tesco UK and Republic of Ireland chief executive Jason Tarry said. The retailer told shareholders last month that it expected to post record profits of more than 2.6 billion pounds ($3.5 billion) for the current financial

Motorcycle maker Royal Enfield reports 15% drop in wholesales in January

Mid-sized motorcycle maker Royal Enfield, a part of Eicher Motors, reported a 15 per cent decline in total wholesales at 58,838 units in January this year.

Gitanjali Gems case: Sebi bans Mehul Choksi, another individual from mkts

Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year

200 Indian startups to showcase business ideas, innovations at Expo 2020

Dubai Silicon Oasis (DSO) and India Innovation Hub on Monday announced a partnership with Indian online travel company EaseMyTrip and UK-headquartered investment banking company HSBC

Microfinance institution Satin Creditcare posts Q3 net profit at Rs 34 cr

Microfinance institution Satin Creditcare Network Ltd (SCNL) on Monday reported a profit after tax of Rs 34 crore in the quarter ended December. The company had reported a loss of Rs 80 crore in the year-ago period. Its net interest income grew Rs 194 crore in the December quarter as against Rs 164 crore in the same period of the previous fiscal. Disbursements for the quarter declined to Rs 1,348 crore as compared to Rs 1,822 crore in Q3FY21. Microfinance disbursements dipped to Rs 1,224 crore as compared to Rs 1,742 crores in the same quarter of the previous fiscal. Asset under management (AUM) dropped to Rs 7,218 crore as against Rs 7,880 crore. The microlender's Chairman and Managing Director H P Singh said, Considering the current pandemic scare and detection of new Omicron variant, the company has adopted a well-calibrated and cautious approach in disbursing new loans due to which AUM de-grew by 8.4 per cent year-on-year. Its gross non-performing assets (NPAs) stood at 8.61

Gati Shakti national master plan: States to get on board by March-end

The Department for Promotion of Industry and Internal Trade's (DPIIT) logistics division has been holding state-level conferences to explain the project

JSW Steel Independent Director Malay Mukerjee passes away at 74

Steel company JSW Steel announced the passing away of Malay Mukerjee, who was an independent director on its board.

NCLT approves APSEZ's composite scheme to acquire Sarguja Rail Corridor

The company will now consolidate all rail assets under a single business entity Adani Tracks Management Services Pvt Ltd