Page 225 of industry news

Company Law Committee, MCA, Auditors, Reserve Bank of India

Large auditors raise fresh objections to joint inspection proposal

Subsequently, the Company Law Committee, under then corporate affairs secretary Rajesh Verma, had presented a plethora of suggestions, including the…

October 24, 2022 03:45 IST

IT industry, moonlighting, infosys, wipro, dual employment

Moonlighting: Why it’s a big deal for companies

The question is also about work formats & hiring philosophies

October 24, 2022 01:15 IST

DLF sells housing units worth Rs 4,092 cr in April-September, up 62 pc year-on-year

The company has 215 million square feet of development potential across the residential and commercial segments.

October 23, 2022 15:32 IST

The need for international expansion of cross-border e-commerce

The increase in digital access has made it easier for customers all over the world to buy goods from other…

October 23, 2022 09:09 IST

Poonawalla Fincorp reports highest-ever profit at Rs 163 cr in September quarter

The non-deposit-taking non-banking finance company (NBFC) focusing on consumer and MSME finance had reported a net profit of Rs 95.51…

October 22, 2022 12:18 IST

Shriram City net profit rises 24%

The company, the largest two-wheeler financer has witnessed strong loan disbursements from rural India.

October 22, 2022 07:53 IST

JSW Steel posts surprise net loss of Rs 915 crore in Q2

During the quarter under review, the steel manufacturer posted a 28.54% rise in consolidated revenue from operations at Rs 41,778…

October 22, 2022 07:38 IST

IIFL Securities Q2 PAT slips 22 per cent to Rs 55 crore

Total income grew 2 per cent to Rs 323.4 crore for the quarter under review from Rs 318.4 crore in…

October 21, 2022 15:36 IST

Transactions under former Srei management under lens

The total impact of these transactions amounted to close to Rs 1,500 crore.

Updated: October 21, 2022 08:00 IST

L&T Finance Holdings profit increases 81%

The company posted retail disbursements at Rs 10,238 crore in Q2FY23, up 84% YoY, with retail portfolio mix at 58%,…

Updated: October 21, 2022 07:45 IST

Demand for IT in 2023 is expected to be strong as enterprises push forward with digital business initiatives in response to economic turmoil.

Happiest Minds Q2 net profit up 33.7% YoY to Rs 59.4 crore

Digital comprises nearly 97% of the company’s total revenue, the highest among its Indian peers. Within digital, cloud contributes about…

October 21, 2022 03:45 IST

HDFC corners 15 pc of CLSS housing market with Rs 67k cr loans, Rs 7,200 cr in subsidy payout

The 45-year-old Corporation, which is awaiting a reverse merger with its subsidiary HDFC Bank, has also won the best housing…

October 20, 2022 13:16 IST

Steel prices fall 40 pc in last six months to Rs 57,000/ton: SteelMint

In early 2022, the prices of hot rolled coil (HRC) started showing an upward trend.

Updated: October 20, 2022 13:04 IST

MoEF panel nod to RIL’s Hazira manufacturing complex’s Rs 10k Cr expansion, debottlenecking

Debottlenecking is the process of getting more production out of existing plants and equipment by improving processes or revamping equipment.

Updated: October 20, 2022 12:22 IST

Indian Industry ready to catch momentum of country’s growth: FICCI official

“From an Indian industry perspective, are we ready for it? Yes, I think we are. Because this is a huge…

Updated: October 20, 2022 08:55 IST

KPIT Tech posts 28% rise in PAT in September quarter

KPIT has increased the FY23 outlook to 31-32% and the Ebitda margin outlook has been increased to 18.5-19%.

Updated: October 20, 2022 08:06 IST

Prestige logs 66% rise in sales during Jul-Sept

The collection from customers increased 68% year-on-year to Rs 2,602.9 crore, the company said in its operational update for the…

Updated: October 20, 2022 07:34 IST

The capex would be for both its India and overseas expansion plans.

Piramal Pharma earmarks Rs 1,200 cr capex over next 24 months: Nandini

“We are very happy with Carlyle and we are not looking for another large PE at the moment,” she said,…

October 20, 2022 04:05 IST

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India at centre of LG’s Global South strategy

Business54 min ago

LG is ramping up its operations in India by increasing manufacturing, exports, and launching tailored products. It will also expand its portfolio with a new line of affordable and India-specific consumer appliances. The company is also focusing on expanding into new areas and reaching more customers in tier 2 and 3 markets.

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