Page 73 - Indian Companies

Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again

The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20

Annapoorna Masalas' new strategy targets revenue of Rs 500 cr in next 5 yrs

The 45-year-old Coimbatore-based brand is now headed by third-generation owners under the leadership of Executive Director Vijay Prasad

'Bold' budget to bring focus back to traditional sectors: Analysts

Brick-and-mortar segments such as construction, cement, metals get an infra-nudge; positive rub off for banks too

Budget 2021: Delhi govt accuses Centre of favouring big companies

The Delhi government accused the Centre of giving step motherly treatment to the national capital in the Union budget 2021-22, and claimed the budget is aimed at benefitting few big companies.

Budget 2021: Govt to revise definition of small companies, says FM

The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh

Research spends have been under pressure as listed companies go slow

Many record zero spending for the latest financial year

Reliance races past TCS to become most-valued domestic firm once again

Reliance Industries Limited (RIL) once again went past Tata Consultancy Services (TCS) to become the country's most-valued company by market valuation on Friday.

Firms garner Rs 92K cr via public equity issuance in Apr-Dec: Eco Survey

A 46 per cent jump from the preceding financial year, with rights issue remaining the most preferred route for financing business needs

A year of living and working in the shadow of Covid-19 pandemic

For many businesses, the need to have people coming into office has shrunk. For many others, however, it remains integral to their operations

IndiGo posts Rs 620-crore loss in Dec quarter, plans to ramp up capacity

Logs 4th quarterly loss; will ramp up capacity to return to profitability

IDBI Bank posts net profit of Rs 378 cr in Q3; net interest income up 18%

Deposits grew from Rs 2.18 trillion in Dece­mber 2019 to Rs 2.24 trillion.

Companies can't hold capital assets created with CSR funds: Experts

If such capital expenditure was incurred as part of CSR in the past, the assets need to be transferred within six months.

Hindustan Zinc plans to increase earnings through diversification

The company will have its cadmium metal unit up and running by the first quarter of FY22

KPIT Tech reports marginal rise to Rs 42.9 crore in December quarter

Auto industry-focused IT firm KPIT Technologies on Thursday reported a marginal rise in December quarter net at Rs 42.9 crore as against Rs 40.9 crore in the year-ago period.

Best of BS Opinion: Budget with a long-term view, corporate earnings & more

Here's a selection of Business Standard opinion pieces for the day

Time's up: TikTok to shut operations in India after permanent ban

According to sources, the scaling back will occur in two batches over the next few weeks

Swiggy's revenue jumps 115% to Rs 2,776 cr, losses up 61% to Rs 3,768 cr

The Bengaluru-based food delivery giant's total expenses for the fiscal were reported as Rs 6,545 crore

Revival in realty, industrial segment to support Supreme Industries' stock

Strong demand for plastic pipes, higher value-add mix drive earnings upgrade

JK Paper reports decline of 51% in net profit at Rs 64.59 crore for Q3

JK Paper Ltd on Wednesday reported a decline of 51 per cent in its consolidated net profit at Rs 64.59 crore for the third quarter ended December.

India Cements reports Rs 62 crore in profit for December quarter

India Cements Ltd clocked standalone net profits at Rs 62.02 crore for the quarter ending December 31, 2020, the company said on Wednesday. The city-based noted industrialist N Srinivasan-led company had registered Rs 5.37 crore as net loss during corresponding quarter previous year. For the nine month period ending December 31, 2020 standalone net profits surged to Rs 150.41 crore as against Rs 75.56 crore registered a year ago. For the year ending March 31, 2020, the company had clocked standalone net loss at Rs 35.51 crore. Total income on a standalone basis stood at Rs 1,162.91 crore for the quarter under review as against Rs 1,194.42 crore recorded corresponding quarter last fiscal. For the nine month period ending December 31,2020 standalone total income slipped to Rs 2,998.68 crore from Rs 3,915.36 crore registered in the same period last year. For the year ending March 31,2020, standalone total income was at Rs 5,085.28 crore. The COVID-19 pandemic situation