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Uflex Q3 FY25 Earnings: Uflex, a Noida-headquartered integrated flexiblepackaging and solutions company, on Friday registered a consolidated net profit of Rs 136.82 crore for the quarter ended December 31. That marked an improvement over a consolidated net loss of Rs 67.22 crore for the corresponding pe...
SBI Cards and Payment Services has appointed Salila Pande as the managing director (MD) & CEO of the company, according to a stock market disclosure today, February 17. Her appointment will be effective from April 1, 2025. Nominated by State Bank of India, Pande’s appointment will be for a pe...
Bharti Airtel on Monday said it has completed the landing of the new SEA-ME-WE 6 submarine cable system in Chennai. The company recently landed the SEA-ME-WE 6 (Southeast Asia-Middle East-West Europe-6 or SMW6) cable in Mumbai on December 30, 2024. “The cable landing, both in Mumbai and Chenna...
Zomato on Monday (February 17) launched an artificial intelligence (AI)- backed customer support platform ‘Nugget’. Announcing the Nugget through social media platform X, Zomato chief executive Deepinder Goyal said, “Introducing Nugget—an AI-native, no-code customer support platform. N...
On Monday (February 17), NSDL reported a 30 per cent rise in its consolidated net profit to Rs 85.8 crore for three months period ended on December 31, 2024, the company said in an official release. Indian central securities depository registered a Rs 66.09 crore profit in the same period last year. The...
ZEE Entertainment Enterprises Ltd (ZEEL) CEO Punit Goenka has said that domestic investors’ trust has grown in the company as it is the only homegrown broadcaster in India. “Other players in the industry have come from foreign markets… We have erected the business from the ground,” said Goenka in an exc...
In a setback for Mukesh Ambani-led Reliance Industries Ltd and its partner BP Plc, the Delhi High Court has overturned an international arbitration tribunal’s ruling that held the duo not responsible for paying any compensation for the gas they produced and sold, which had allegedly migrated from...
Godrej Properties acquired 12 land parcels during April-December period of this fiscal to develop housing projects worth Rs 23,450 crore, and plans to buy more in the ongoing quarter to expand business amid strong consumer demand. Godrej Properties acquires land outright and also partners with landowner...
Aurobindo Pharma will commence supplies to Europe from its China facility from April onwards, according to Chief Financial Officer Santhanam Subramanian. The Hyderabad-based drug maker commenced operations at the facility in the last week of November 2024 and is now ramping up the production. “The...
Gaming and e-sports company Nazara Technologies reported a sharp decline of 53.6 per cent in its net profit for the October-December quarter (Q3) of FY25. The company’s profit fell to Rs 13.7 crore from Rs 29.5 crore in the same period last year (Q3 FY24), according to its exchange filing. The EBI...
The Enforcement Directorate Saturday said it has restituted assets worth more than Rs 30 crore to a bank as part of a money laundering investigation against a Telangana-based refinery company accused of committing a loan fraud of about Rs 190 crore. The case pertains to the company named Sheetal Refiner...
Bank of India (BoI) on Saturday said that it has successfully raised Rs 2,690 crore through 10-year infrastructure bonds at an interest rate of 7.50 per cent. The funds were raised via the NSE Electronic Bidding Platform — the bank’s third infrastructure bond issuance in the current financia...
Two days after the Reserve Bank of India (RBI) imposed restrictions on the operations of New India Cooperative Bank, a First Information Report (FIR) has been registered at the Dadar Police Station in Mumbai, alleging financial embezzlement within the bank. The complaint, filed under relevant sections o...
Hyundai Motor India Limited (HMIL), one of the country’s leading automobile manufacturers, has completed 25 years of exports from India, reinforcing its position as the largest exporter in this segment. Since starting exports in 1999, the company has shipped over 3.7 million (37 lakh) vehicles acr...
Dr Agarwal’s Health Care Ltd has logged a consolidated profit after tax of Rs 28.24 crore for the October-December 2024 quarter, the company said. The city-headquartered eye care provider had registered a profit after tax of Rs 22.59 crore during the corresponding quarter of last financial year. T...
At a time when the mercury continues to soar in Rajasthan, the met department has forecast cloud cover and light rains in some areas of Jaipur, Bikaner and Bharatpur divisions, that will delay the onset of a blazing summer for a bit. The minimum temperatures are rising in the state and the morning and e...
Real estate company Mahindra Lifespace Developers plans to raise up to Rs 1,500 crore through issue of shares to eligible shareholders for reducing its debt as well as funding further growth. The board of Mahindra Lifespaces Developers Ltd has approved the fund raise of up to Rs 1,500 crore through righ...
It had clocked a net loss of Rs 421.17 crore in the year-ago period, the company said in an exchange filing. The company’s total income, however, rose to Rs 5,129.07 crore from Rs 4,717.09 crore in the same period a year ago. Doonited Affiliated: Syndicate News Hunt This report has been published...
OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk. “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” said a statement Friday from Bret Taylor, chair of OpenAI’s boar...
State-run engineering firm Bharat Heavy Electricals Ltd (BHEL) on Friday said it has secured an order worth 6,700 crore from Singareni Collieries Company (SCCL) to set up an 800 MW thermal power unit in Telangana. Under this contract, BHEL’s scope of work includes design, engineering, manufacturin...
BSNL has posted a net profit of Rs 262 crore for December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday terming it a “significant turning point” for the state-owned telco that has been focused on expansion of service of...
Government think tank NITI Aayog has invited expression of interest for preparation of the India Innovation Index 2025, with an aim to encourage states to improve their innovation environment. In a notice, Niti Aayog said innovation has always been a driver of change and progress in an economy, as it di...
EaseMyTrip Q3 Results: Online travel booking platform EaseMyTrip on Friday reported a decline in its consolidated net profit to Rs 34 crore in the quarter ended December. The company had a net profit of Rs 45.68 crore in the year-ago period, according to a regulatory filing. Its total income decreased t...
Bhavish Aggarwal-run Ola Consumer, which runs the cab-hailing service, on Thursday reported 21 per cent decline in its consolidated revenue from operations and other income for the last fiscal (FY24). The company’s consolidated revenue from operations and other income decreased by 21.06 per cent t...
The Department of Telecom (DoT) has asked debt-ridden telecom operator Vodafone Idea to either deposit a bank guarantee of Rs 6,090.7 crore or Rs 5,493.2 crore in cash for shortfall of aggregate payment made for spectrum the company acquired in 2015, the company said. The company, however, is in discuss...
RBL Bank on Thursday said the Reserve Bank of India (RBI) has approved the re-appointment of R Subramaniakumar as the Managing Director & CEO of the bank for a period of three years. RBI vide its letter dated February 13, 2025 has approved the re-appointment of R Subramaniakumar as the MD & CEO...
State-owned SJVN Ltd on Thursday posted a 7 per cent rise in consolidated net profit to Rs 148.75 crore in the December quarter on the back of higher revenues. The company posted a net profit of Rs 138.97 crore a year ago, as per a BSE filing. Total income rose to Rs 760.76 crore during ...
TVS Motor Company on Thursday bought additional shares of TVS Supply Chain Solutions for Rs 107 crore through an open market transaction. According to the bulk deal data available on the BSE, TVS Motor Co purchased 67.10 lakh shares, amounting to 1.52 per cent stake in TVS Supply Chain Solutions.The sha...
Saab, a leading defence and security company, has signed an agreement with Hindustan Aeronautics Limited (HAL) for a laser warning system, the global firm has said. The agreement builds on a “strong partnership between Saab in South Africa and HAL” that began in 2005 during the development o...
NBFC Shriram Finance Ltd (SFL) on Thursday said it has raised about USD 500 million (about Rs 4,300 crore) through External Commercial Borrowing (ECB) to fund business growth. This transaction represents the largest SACE-covered loan facility raised by an NBFC in India, reinforcing SFL’s position...
Kalpataru Projects International on Thursday reported a marginal dip of 3 per cent in consolidated net profit to Rs 139.59 crore in the December 2024 quarter. The company had a consolidated net profit of Rs 144.07 crore in the quarter ended December 31, 2023, the company said in a regulatory filing. The...
The initial public offer of Hexaware Technologies Ltd received 15 per cent subscription on the second day of bidding on Thursday. The initial share sale got bids for 1,38,39,483 shares against 9,14,23,354 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) fetched 39 pe...
Aditya Birla Group firm Hindalco Industries on Thursday posted a 60 per cent rise in consolidated net profit to Rs 3,735 crore in the December quarter aided by higher income. It had reported a net profit of Rs 2,331 crore in the October-December period of the preceding 2023-24 financial year, the compan...
Indian Oil Corporation (IOC), the nation’s largest oil firm, has signed a USD 7-9 billion deal to import LNG from UAE on a long-term 14-year contract. IOC signed a long-term deal to receive 1.2 million tonnes per year of LNG from the United Arab Emirates beginning 2026 for 14 years. “ADNOC G...
Union Minister Ashwini Vaishnaw said on Wednesday that Thermo Fisher Scientific wants to expand its manufacturing base in the country. US-based Thermo Fisher Scientific is an analytical instrument manufacturer and clinical research provider. Thermo Fisher Scientific wants to expand its manufacturing bas...
The government on Wednesday extended the due date for implementation of revised Schedule M — good manufacturing practices provision, for small and medium pharmaceutical firms with turnover of Rs 250 crore or less, till the end of this year. The Ministry of Health & Family Welfare has given thr...
The Indian Farmers Fertiliser Cooperative Ltd (IFFCO) on Wednesday issued a stern warning against the unauthorized sale of its products on e-commerce platforms, stating it has not granted permission to any online marketplace to sell its products. The world’s largest fertiliser cooperative emphasiz...
Zydus Lifesciences Ltd on Wednesday said it has signed an exclusive development, licensing, supply and commercialisation pact with Synthon BV of the Netherlands for a novel oncology product for an undisclosed target. The novel 505(B)(2) oncology product is likely to be filed in 2026 and will offer addit...
NATCO Pharma Ltd on Wednesday reported a 37.75 per cent decline in consolidated net profit to Rs 132.4 crore in the December quarter, hit by a drop in formulations exports. The company had posted a consolidated net profit of Rs 212.7 crore in the third quarter of the previous fiscal year, NATCO Pharma s...
Jubilant FoodWorks Ltd on Wednesday reported a consolidated net profit of Rs 43.24 crore in the third quarter ended December 31, 2024. The company had posted a consolidated net profit of Rs 65.71 crore in the third quarter of last fiscal, said Jubilant FoodWorks Ltd (JFL), which holds franchise rights f...
FMCG firm Honasa Consumer Ltd on Wednesday reported a marginal rise in its consolidated net profit to Rs 26.02 crore in the third quarter ended December 31, 2024. The company, which owns brands including Mamaearth, had posted a consolidated net profit of Rs 25.9 crore in the October-December quarter las...
Siemens on Wednesday said it has posted a 10 per cent decline in its consolidated net profit to Rs 372 crore in the December quarter compared to a year ago, due to lower revenues. The company had reported a consolidated net profit of Rs 412 crore in the year-ago period, backed by continuing operations,...
State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday signed an initial pact with Tata Power Renewable Energy Ltd to explore collaborative opportunities in the Battery Energy Storage System (BESS) value chain. ONGC has been stringing around deals in clean energy as part of its target to scale...
Auto components major Bharat Forge Ltd on Wednesday reported a 16.38 per cent decline in consolidated net profit at Rs 212.78 crore in the third quarter ended December 31, 2024, impacted by lower revenue. The company had posted a profit of Rs 254.45 crore in the third quarter last fiscal, Bharat Forge L...
Hindustan Aeronautics Ltd (HAL) has announced its first interim dividend for FY25 at Rs 25 per equity share of Rs 5 face value. The record date for the dividend has been set as February 18, 2025, with payments scheduled to be completed by March 14, 2025, according to the company’s stock exchange filing....
Hindustan Aeronautics Ltd (HAL) posted a 14 per cent increase in consolidated net profit at Rs 1,440 crore for the quarter ended December 31, 2024, up from Rs 1,261 crore in the same period last year. The company’s revenue from operations grew 15 per cent year-on-year (YoY) to Rs 6,957 crore, driven by...
Mahindra Group Chairman Anand Mahindra on Tuesday announced that the group plans to invest nearly Rs 40,000 crore in Karnataka over the next few years. Speaking at the inaugural session of the Invest Karnataka-2025 summit, he said the Mahindra Group has no hesitation in investing in long-term businesses...
Telecom operator Vodafone Idea on Tuesday reported narrowing of losses at Rs 6,609.3 crore for the December quarter. The revenue from operations stood at Rs 11,117.3 crore during the quarter, over 4 per cent higher than the corresponding period last year. On a consolidated basis, the loss for the quarte...
State-owned REC Ltd on Tuesday said it has inked a pact to provide a term loan of Rs 2,147.50 crore to Chenab Valley Power Project Ltd for setting up a 1,000 MW greenfield Pakal Dul hydro power project. The project is being developed on the Marusadar river, located in the Kishtwar district of Jammu...
Rafael Advanced Defense Systems Ltd—also known as Rafael—and Centum Electronics on Tuesday announced the signing of a teaming agreement (TA) to collaborate on advancing the fields of spectrum dominance, spectrum situational awareness, and AI-based Intelligence suite or decision support systems for the I...