Page 154 - Companies

Just Dial's consolidated net profit declines by 61.2% in Oct-Dec

The company's net profit stood at Rs 49.9 crore in the year-ago period

Kellton Tech Solutions hits 10% upper circuit amid bearishness in equity

The small-cap firm's current market capitalisation is worth Rs 1,092 crore, exchange data showed

Amazon not to ban Visa credit cards in UK over 'interchange' fees

Amazon has reversed its earlier decision to ban Visa credit cards over fee issues from January 19.

Qarmatek raises $3 mn in funding round led by GVFL and Caspian Debt

In the preliminary stage, the funds will be utilised towards expanding and digitising operational capabilities, to scale across key domestic markets and to foray into B2C operations with MOBEX

Canada ends contract with Malaysia's Supermax over labour allegations

Canada has terminated its sourcing contract with Malaysian glove maker Supermax Corp following allegations about forced labour

Oyo Hotels targets $9-billion valuation in IPO; may get Sebi nod soon

The SoftBank Group-backed start-up is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year

Enter into a contract with firm to demolish twin-towers in a week: SC

The NOIDA authority informed the bench that it has finalised the company Edifice Engineering for demolishing the twin towers in consultation with the Central Building Research Institute (CBRI)

Unilever to sell slow-growth brands as it weighs higher bid for GSK unit

The Dove soap owner said Monday it will announce a revamp of its structure later this month

Credit Suisse chairman Horta-Osorio resigns over Covid breaches

Swiss bank appoints Axel Lehmann as chairman after Horta-Osorio quits within a year after taking charge

Exide Life appoints Sanjay Vij as Executive Director and Principal Officer

Exide Life has announced the appointment of Sanjay Vij as the Executive Director and Principal Officer with effect from January 10. On January one, 2022, HDFC Life Insurance Company Limited announced the completion of the acquisition of Exide Life Insurance Company Limited, subsequent to receiving all relevant regulatory approvals, an Exide Life statement noted on Monday. Pursuant to the agreement, there was a cash pay-out of Rs. 726 crore and 8,70,22,222 equity shares at an issue price of Rs 685 per share were allotted to Exide Industries Limited. Exide Industries now holds 4.1 per cent stake in HDFC Life. The process for merger of Exide Life into HDFC Life will be initiated shortly, the statement said. Vij joined HDFC Life in July 2001. As the Group Head - Bancassurance and Chief Values Officer (CVO) in HDFC Life, he was responsible for managing the P&L, market growth, and business of crucial bancassurance channels, it was stated.

Cholamandalam Investment to acquire 72% stake in Payswiff for Rs 450 cr

The company, an NBFC, is part of the Murugappa Group

Govt clears 20 strategic projects under National Technical Textiles Mission

The projects were approved at a meeting chaired by Textiles Minister Piyush Goyal

MTaI seeks reduction in GST on medical devices, cold chain units

The organisation noted that the reduction of GST on medical devices and medical cold chain from 12 per cent to 5 per cent would lead to the expansion of the healthcare sector through reduced costs

UltraTech Cement shares jump nearly 3 pc after earnings announcement

The stock gained 2.78 per cent to settle at Rs 7,867.90 on BSE

Dhoot Transmission enters health, wellness space with Burge Electronics

Dhoot Transmission, which is among the largest manufacturers of wiring harnesses for two-wheelers, is diversifying into the health and wellness segment with a virus neutraliser that will help purify air in enclosed spaces. The Aurangabad-based company which lists Bajaj Auto, Honda Motorcycles & Scooters among others as it large clients, on Monday launched a slew of health and wellness products under the label of Burge Electronics, which in German means 'guarantor'. Burge will roll out its first product ozone-free air purifier, ion dome for neutralising viruses. Banking on its over two decades of know-how in product development, manufacturing and distribution, Burge Electronics aims to disrupt the health and wellness industry with safe, affordable, advanced and innovative solutions, Rahul Dhoot, Managing Director of Dhoot Transmission, said. Burge Electronics will soon launch its first product, ion Dome, a virus neutraliser approved and tested by the ICMR-recognised and ILAC ...

Agritech startup DeHaat acquires Helicrofter, to empower farmers

Agritech startup DeHaat on Monday said it has acquired Maharashtra-based B2B agri-input marketplace startup called Helicrofter, for an undisclosed sum

Metro Brands third quarter net profit jumps 54.6% to Rs 100.85 cr

Footwear retail chain Metro Brands has reported a 54.63 per cent jump in consolidated net profit to Rs 100.85 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 65.22 crore during the October-December quarter of the previous fiscal, Metro Brands Ltd (MBL), earlier known as Metro Shoes, said in a regulatory filing. Its total revenue from operations was up 59.02 per cent at Rs 483.77 crore during the quarter under review against Rs 304.21 crore in the corresponding period of the previous fiscal. MBL's total expenses rose 47.26 per cent to Rs 362.59 crore in Q3 FY 2021-22, compared to Rs 246.21 crore in the year-ago period. MBL CEO Nissan Joseph said it was the best quarterly revenue, EBITDA and PAT in the history of the company. "We also are encouraged by the growth we have witnessed across the multiple Tiers of cities that we operate in and the continued growth of our e-commerce and omnichannel business," he added. As of December 31, 2021, M

Sequent Scientific names Rajaram Narayanan as MD, CEO for five years

Narayanan replaces Manish Gupta who has put in his papers

Vedanta group plans investments in mineral sector in Saudi Arabia

The company is already in discussions with stakeholders in Saudi Arabia

Jubilant FoodWorks board to consider share split proposal in February

Jubilant FoodWorks (JFL), a master franchise of brands such as Domino's and Dunkin' Donuts, on Friday said its board will next month consider a proposal of splitting the equity shares of the firm.