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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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GAIL looking to buy up to 26% stake in LNG projects in US, says report

GAIL looking to buy up to 26% stake in LNG projects in US, says report

Fri, Feb 17, 2023

India's GAIL, either directly or through its affiliates, exploring the opportunity to buy equity from an existing or post-commissioning of a proposed LNG liquefaction plant or project in the US.

Spencer's Retail Q3 loss widens to Rs 61.75 crore

Spencer's Retail Q3 loss widens to Rs 61.75 crore

Tue, Feb 14, 2023

Spencer's Retail Sector Head Shashwat Goenka said at a consolidated level the company's business has grown led by significant growth in the non-food business and also from the food business with sustained omni-channel presence.

Apollo Micro Systems Q3 result: Net profit up 90%; stock to split 10:1

Apollo Micro Systems Q3 result: Net profit up 90%; stock to split 10:1

Sun, Feb 12, 2023

The company's revenue from operations during the quarter under review was Rs 8235.20 lakh compared to Rs 6,459.22 lakh during a year ago period and Rs 5,205.85 lakh in the preceding quarter. The total expenses were Rs 7,173.54 lakh.

WoodenStreet invests $500,000 to launch 3 new stores as part of expansion spree

WoodenStreet invests $500,000 to launch 3 new stores as part of expansion spree

Sat, Feb 11, 2023

The company has invested $500,000 to launch these new stores, covering a carpet area of 10000 sq. ft. combined. The centres are located in Borivali, Juhu Tara and PadleGaon.

France's Total puts hydrogen partnership with Adani on hold for now

France's Total puts hydrogen partnership with Adani on hold for now

Wed, Feb 08, 2023

As per the June 2022 announcement, TotalEnergies was to take 25 per cent equity in Adani New Industries Ltd (ANIL) - the Adani Group firm that is investing USD 50 billion over 10 years in green hydrogen ecosystem that includes an initial production capacity of 1 million tonnes before 2030.

Hero MotoCorp Q3 Result: Net profit rises 2.41% to Rs 721.24 crore for December quarter

Hero MotoCorp Q3 Result: Net profit rises 2.41% to Rs 721.24 crore for December quarter

Tue, Feb 07, 2023

Hero MotoCorp Q3 Result: Total expenses stood at Rs 7,372.76 crore, around Rs 155 crore higher from Rs 7,217.07 crore reported in the corresponding quarter last fiscal, the company said.

Adani Ports Q3 result: Net profit declines 12.94% to Rs 1,336.51 crore

Adani Ports Q3 result: Net profit declines 12.94% to Rs 1,336.51 crore

Tue, Feb 07, 2023

The country's largest integrated logistics player had clocked a consolidated profit of Rs 1,535.28 crore a year ago, according to a regulatory filing. Its total consolidated income increased to Rs 5,051.17 crore in the December 2022 quarter from Rs 4,713.37 crore in the year-ago period.

Lupin's subsidiary recalls over 5,500 skin treatment ointments from US amid manufacturing issue

Lupin's subsidiary recalls over 5,500 skin treatment ointments from US amid manufacturing issue

Sat, Feb 04, 2023

Lupin arm recalls cream tubes: Lupin Pharmaceuticals Inc is recalling Clobetasol propionate Cream, a steroid to reduce inflammation, redness and itchiness of the skin and prevent further irritation of the skin.

Sun Pharma acquires three anti-inflammation brands from Aksigen

Sun Pharma acquires three anti-inflammation brands from Aksigen

Mon, Jan 30, 2023

All the brands are approved by the Drugs Controller General of India (DCGI) for post-operative inflammation in patients undergoing minor surgery and dental procedures, Sun Pharma said in a statement.

Philips layoffs 2023: Dutch health tech giant to cut 6,000 jobs

Philips layoffs 2023: Dutch health tech giant to cut 6,000 jobs

Mon, Jan 30, 2023

"Philips is not capitalizing on the full potential of strong market positions as it faces a number of significant operational challenges," new Chief Executive Officer Roy Jakobs said.

Samsung to merge Pay, Pass into Samsung Wallet in India

Samsung to merge Pay, Pass into Samsung Wallet in India

Mon, Jan 30, 2023

With the help of Samsung Wallet, users can securely store things like boarding passes, credit cards, cryptocurrency, debit cards, digital keys, identification cards, login passwords and even loyalty/membership cards.

Adani Group rules out changes in price, dates of FPO; company confident offer share sales going through

Adani Group rules out changes in price, dates of FPO; company confident offer share sales going through

Sat, Jan 28, 2023

"Adani Enterprises Limited's further public offer (FPO) is going as per schedule and the announced price band. There is no change in either the schedule of the issue price," the company said in a statement.

NTPC Q3 Results: Net profit jumps nearly 5% YoY to Rs 4,854 cr; company announces dividend

NTPC Q3 Results: Net profit jumps nearly 5% YoY to Rs 4,854 cr; company announces dividend

Sat, Jan 28, 2023

NTPC Q3 Results: The Board of Directors decided to pay an interim dividend at the rate of 42.50 per cent (Rs 4.25 per share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2022-23.

Colgate-Palmolive Q3 result: Net profit dips 4% to Rs 243 crore

Colgate-Palmolive Q3 result: Net profit dips 4% to Rs 243 crore

Tue, Jan 24, 2023

Total income increased to Rs 1,302 crore in the period under review as compared with Rs 1,286 crore in the year-ago period, Colgate-Palmolive (India) said in a regulatory filing.

BPCL to set up 1 GW renewable energy plant in Rajasthan

BPCL to set up 1 GW renewable energy plant in Rajasthan

Tue, Jan 24, 2023

In a statement, BPCL said it has signed a memorandum of understanding (MoU) with the government of Rajasthan for setting up the renewable energy power plant. It, however, neither gave a timeframe nor investment that will be made in the project.

Electric One Mobility partners with former cricketer Arjuna Ranatunga to set up JV in Sri Lanka

Electric One Mobility partners with former cricketer Arjuna Ranatunga to set up JV in Sri Lanka

Sat, Jan 21, 2023

Electric vehicle superstore chain Electric One Mobility has partnered with legendary cricketer Arjuna Ranatunga to set up joint venture firm Electric One Lanka Pvt Ltd to enter the electric two-wheeler market in the island nation, the company said in a statement.

Integra Essentia posts total income of over Rs 62 crore in Q3

Integra Essentia posts total income of over Rs 62 crore in Q3

Sat, Jan 21, 2023

The New Delhi-based company in an exchange filing said that it posted a net profit of Rs 2.23 crores during the quarter under review as against Rs 2.15 crores profit reported in the September quarter.

Havells India Q3 net profit falls 7.3% to Rs 283.52 crore

Havells India Q3 net profit falls 7.3% to Rs 283.52 crore

Thu, Jan 19, 2023

Havells India Chairman and Managing Director Anil Rai Gupta said there was steady revenue growth amid moderating consumer demand in an inflationary environment.

Central Bank of India Q3 profit rises 64% to Rs 458 crore

Central Bank of India Q3 profit rises 64% to Rs 458 crore

Wed, Jan 18, 2023

On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) almost halved to 8.85 per cent as compared to 15.16 per cent in the previous fiscal year.

Sagar Cements to acquire Andhra Cements

Sagar Cements to acquire Andhra Cements

Tue, Jan 17, 2023

The Committee of Creditors (CoC) of Andhra Cements has voted with a majority in favour of the resolution plan filed by Sagar Cements Ltd, Andhra Cements said in a regulatory filing.

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