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Nokia Q4 operating profit down 27%, beats forecast on margin boost

Nokia Q4 operating profit down 27%, beats forecast on margin boost

Thu, Jan 25, 2024

Nokia, however, saw improvement in gross margins boosting profits as sales of products shifted towards software, which brought in higher margins.

Walt Disney and Mahindra officials join USISPF Board of Directors

Walt Disney and Mahindra officials join USISPF Board of Directors

Sat, Jan 20, 2024

Walt Disney and Mahindra group officials have joined the Board of Directors of US India Strategic and Partnership Forum, which the organisation said is testimony to the success story of American companies in India and a growing presence of Indian conglomerates in the US.

Go First's lenders seek investor bids by January 31 -sources

Go First's lenders seek investor bids by January 31 -sources

Mon, Jan 15, 2024

The second banker said the Committee of Creditors could also consider extending the month-end deadline at the request of a potential suitor.

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Suzlon bags 31.5-MW wind energy project from Integrum Energy Infrastructure

Suzlon bags 31.5-MW wind energy project from Integrum Energy Infrastructure

Thu, Aug 24, 2023

Renewable energy solution provider Suzlon Group announced that it has bagged an order from Integrum Energy Infrastructure for the development of a 31.5-MW wind energy project.

BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission

BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission

Wed, Aug 23, 2023

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) said it has successfully manufactured the first set of indigenous SCR Catalysts for limiting NOx emissions from thermal power plants.

Glenmark settles drug pricing case with US Department of Justice

Glenmark settles drug pricing case with US Department of Justice

Tue, Aug 22, 2023

Glenmark Case: Drug firm Glenmark Pharmaceuticals said it has entered into a pact with the US Department of Justice, Antitrust Division (DOJ) to resolve court proceedings related to the pricing of a drug.

India360: Make your passion your profession?

India360: Make your passion your profession?

Mon, Aug 21, 2023

World Entrepreneurs Day: As time changed, people's thinking changed, along with it changed the way of choosing the way for the future. Now the youth is coming forward as a successful entrepreneur by preparing his hobby as a job. Not only youth are getting better opportunities in this, watch India360 'Indian Startups Mein Dum' with Deepak Doval

CBDT notifies rules for valuing rent-free accommodation perquisite provided by employers

CBDT notifies rules for valuing rent-free accommodation perquisite provided by employers

Sun, Aug 20, 2023

Employees enjoying rent-free accommodation would see rationalisation of perquisite value leading to a reduction in taxable salary, increasing the net take-home pay.

Mahindra & Mahindra gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim

Mahindra & Mahindra gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim

Fri, Aug 18, 2023

Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime by erstwhile Mahindra Vehicle Manufacturers Ltd, which has since been merged into it.

Photo design firm Shutterfly shuts down facility, lays off 246 employee

Photo design firm Shutterfly shuts down facility, lays off 246 employee

Sat, Aug 12, 2023

The company notified the Minnesota Department of Employment and Economic Development about the closure of the facility, which will result in approximately 246 employees being laid off, reports Southwest News Media.

NALCO Q1 Results: Profit falls 40% to Rs 334 crore

NALCO Q1 Results: Profit falls 40% to Rs 334 crore

Sat, Aug 12, 2023

NALCO Q1 Results: National Aluminium Company Limited (NALCO) on Friday posted a 40 per cent decline in consolidated net profit to Rs 333.76 crore for the June quarter due to lower income.

Voltas Q1 Results: Net profit rises 18.2% to Rs 129.4 crore

Voltas Q1 Results: Net profit rises 18.2% to Rs 129.4 crore

Sat, Aug 12, 2023

Voltas Q1 Results: Air conditioning maker and engineering services provider Voltas Ltd on Friday reported an 18.17 per cent increase in its consolidated net profit to Rs 129.42 crore in the June quarter, led by growth across the segment.

Zydus Lifesciences Q1 Results: Profit up 2-fold at Rs 1,087 crore

Zydus Lifesciences Q1 Results: Profit up 2-fold at Rs 1,087 crore

Fri, Aug 11, 2023

Zydus Lifesciences Q1 Results: Zydus Lifesciences Ltd on Friday reported over two-fold rise in consolidated net profit at Rs 1,086.9 crore for the first quarter ended June 30, 2023, driven by strong sales growth from US formulations.

Jain irrigation reports consolidated net profit of Rs 36.64 crore in Q1

Jain irrigation reports consolidated net profit of Rs 36.64 crore in Q1

Tue, Aug 08, 2023

Jain Irrigation reported a consolidated net profit of Rs 36.64 crore for the June quarter, driven by robust sales performance. The company had experienced a net loss of Rs 5.79 crore in the same period of the previous year, as stated in a regulatory filing.

LIC Housing Finance Q1 Results: Profit jumps 43% to Rs 1,324 crore

LIC Housing Finance Q1 Results: Profit jumps 43% to Rs 1,324 crore

Thu, Aug 03, 2023

LIC Housing Finance Q1 Results: LIC Housing Finance on Thursday reported a 43 per cent rise in net profit at Rs 1,324 crore in the April-June quarter. The housing finance subsidiary of LIC had posted a net profit of Rs 925 crore in the year-ago period.

Eicher Motors Q1 Results: Net profit up 50% at Rs 918 crore on robust sales

Eicher Motors Q1 Results: Net profit up 50% at Rs 918 crore on robust sales

Thu, Aug 03, 2023

Eicher Motors Q1 Results: Eicher Motors said its consolidated net profit increased by 50 per cent to Rs 918 crore for the first quarter ended June 30, 2023, on the back of strong sales across domestic and international markets.

Sterling Tools Q1 Results: Profit jumps 36% to Rs 13 crore

Sterling Tools Q1 Results: Profit jumps 36% to Rs 13 crore

Thu, Aug 03, 2023

Sterling Tools Q1 Results: Auto component maker Sterling Tools Ltd on Thursday reported a 36.4 per cent jump in its consolidated Profit After Tax (PAT) at Rs 13.1 crore for the quarter ended June 30.

Brookfield India REIT raises Rs 2,305 crore through sale of units to 64 institutional investors

Brookfield India REIT raises Rs 2,305 crore through sale of units to 64 institutional investors

Wed, Aug 02, 2023

In a regulatory filing, Brookprop Management Services Pvt Ltd, which is a manager of Brookfield India REIT, informed that the issue committee has approved the allotment of 9,13,01,349 units to 64 successful eligible institutional investors, at the issue price of Rs 252.50 per unit.

Godrej Properties Q1 Results: Profit jumps nearly 3-fold to Rs 125 crore; sale bookings down 11% to Rs 2,254 crore

Godrej Properties Q1 Results: Profit jumps nearly 3-fold to Rs 125 crore; sale bookings down 11% to Rs 2,254 crore

Wed, Aug 02, 2023

Godrej Properties Q1 Results: Godrej Properties reported a nearly three-fold jump in consolidated net profit at Rs 124.94 crore for the first quarter of this fiscal, while sale bookings fell 11 per cent annually in April-June period to Rs 2,254 crore.

Ambuja Cements Q1 Results: Profit up 31.2% to Rs 1,135.46 crore; revenue at Rs 8,713 crore

Ambuja Cements Q1 Results: Profit up 31.2% to Rs 1,135.46 crore; revenue at Rs 8,713 crore

Wed, Aug 02, 2023

Ambuja Cements Q1 Results: Ambuja Cements on Wednesday reported an increase of 31.2 per cent in consolidated net profit at Rs 1,135.46 crore for the quarter ended on June 30, 2023, led by volume growth and reduction in operating cost.

Godrej Agrovet Q1 Results: Profit up 22% at Rs 107 crore

Godrej Agrovet Q1 Results: Profit up 22% at Rs 107 crore

Tue, Aug 01, 2023

Godrej Agrovet Q1 Results: Godrej Agrovet Ltd on Tuesday reported a 22 per cent increase in its consolidated net profit to Rs 107.08 crore in the first quarter of this fiscal. Its net profit stood at Rs 87.68 crore in the year-ago period.

Fino Payments Bank Q1 Results: Net profit soars 85%, gets board approval to apply for SFB

Fino Payments Bank Q1 Results: Net profit soars 85%, gets board approval to apply for SFB

Sat, Jul 29, 2023

Fino Payments Bank Q1 Results: The Navi Mumbai-headquartered entity has received the board approval to apply for converting itself into a small finance bank, which will also allow it to undertake lending operations.

Mahindra & Mahindra Financial Services posts 58% growth in Q1 net profit

Mahindra & Mahindra Financial Services posts 58% growth in Q1 net profit

Fri, Jul 28, 2023

Mahindra & Mahindra Financial Services reported a robust 58 per cent growth in consolidated net profit at Rs 362 crore for the June quarter, driven by higher loan sales that cushioned a marginal dip in margin.

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