Page 221 of industry news

JSW Group plans to invest Rs one lakh crore in Karnataka

In his address to the inaugural function of “Invest Karnataka 2022″, the State’s Global Investors’ Meet (GIM) here, he also…

Updated: November 2, 2022 14:07 IST

‘Will revisit buyback when business environment is more predictable’

R Shankar Raman, whole-time director and CFO, L&T, tells Shobhana Subramanian in an interview that L&T will definitely step up…

Updated: November 2, 2022 07:32 IST

LIC Housing Finance profit climbs 23%

The home financier’s net interest income fell by 0.8% to Rs 1,163 crore despite a 4% y-o-y growth in its…

November 2, 2022 04:40 IST

Now, Maaza eyes entry into billion-dollar club

The retail sales of Maaza were at Rs 3,000 crore till August 2022, and the company is looking to close…

November 2, 2022 03:40 IST

Nykaa profit surges 344% to Rs 5.2 cr on improved sales, profitability

Nykaa’s profitability grew 171 basis points to 5% during the quarter on the back of improved gross margins, driven by…

November 2, 2022 02:00 IST

BankBazaar reports Rs 170-cr ARR on strong credit card sales

RBI’s monthly data showed UPI transactions increased from Rs 9.83 trillion in April 2022 to Rs 10.73 trillion in August.

Updated: November 2, 2022 17:01 IST

Adani Ports Q2 profit jumps as cargo volumes surge

The company’s consolidated profit for the quarter-ended Sept. 30 rose to 16.77 billion Indian rupees ($203 million). It had reported…

November 1, 2022 17:39 IST

Varun Beverages profit up 53 pc to Rs 395.48 crore in September quarter

Varun Beverages Ltd’s (VBL) revenue from operations in the latest September quarter stood at Rs 3,248.30 crore, up 33.10 per…

November 1, 2022 17:03 IST

MMRDA launches longest steel deck on Mumbai-Trans Harbour Link

The longest Orthotropic Steel Deck (OSD), launched on Monday evening, of package-1 of about 20 km long Trans-Harbour link, is…

November 1, 2022 16:55 IST

Indus Towers report on equity conversion delay due to stock price ‘erroneous’, says Vodafone Idea

“We wish to clarify that there is no such guideline that prohibits the Govt. (government) from taking equity if company’s…

November 1, 2022 13:30 IST

Jamshed J Irani: The Steel Man of India passes away at 86

It is with profound grief that Tata Steel informs of the demise of Padma Bhushan Dr Jamshed J Irani,” Tata…

Updated: November 1, 2022 11:17 IST

Elon Musk floats paid Twitter verification, fires board

Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company…

November 1, 2022 09:34 IST

INTERVIEW| Govt needs startups as engines of innovation: Deepti Dutt, Head – strategic initiatives, Public Sector, AWS

In a recent chat with Sudhir Chowdhary, she explains how her company is bringing governments and startups together. Excerpts:

Updated: November 1, 2022 08:14 IST

Govt approves electronics manufacturing cluster in Maharashtra with Rs 493 cr outlay

The project is aimed at boosting the electronics manufacturing hub in Maharashtra and aims to attract Rs 2,000 crore investment…

Updated: November 1, 2022 08:02 IST

Dunzo says 60% of biz from q-commerce arm

“Financial year 2023 is going to be focused on rapidly growing its quick commerce business and achieving market leadership in…

Updated: November 1, 2022 07:27 IST

Tata Steel profit falls 90% to Rs 1,297 crore

Net sales remained almost flat, declining 0.84% y-o-y to 59,878 crore, though beating analyst expectations of Rs 56,321.50 crore.

Updated: November 1, 2022 07:17 IST

Bharti Airtel profit up 34%; Arpu jumps to Rs 190 in Q2

The company’s India revenues were up 4.3% sequentially to Rs 24,333 crore, while mobile revenues were up 4.04% q-o-q to…

November 1, 2022 02:00 IST

L&T net rises 23% in Q2FY23 on robust order inflow

Order inflows during the quarter were robust, up 23% y-o-y to Rs 51,914 crore with orders from the domestic market…

November 1, 2022 01:45 IST

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Room opened for rate cut, time not opportune: RBI Guv

Policy5 hr ago

RBI governor Sanjay Malhotra believes that although there is room for a repo rate cut, the current external uncertainties and ongoing transmission of previous measures make the timing unsuitable. The MPC decided to maintain a pause, but acknowledged India’s strong economy.

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