Dalmia Bharat Q2 net profit rises over six-folds to Rs 232 crore
NEW DELHI: Cement maker Dalmia Bharat on Thursday reported an over six-fold increase in its consolidated net profit at Rs 232 crore for the second quarter ended September 2020, helped by higher sales volume. The company had posted a net profit of Rs 36 crore during the July-September quarter a year ago, Dalmia Bharat said […]
AlphaVector launches its flagship e-bicycle Meraki priced at Rs 29,999
NEW DELHI: City-based startup AlphaVector on Thursday entered the fast growing e-bicycle segment and launched its flagship model Meraki priced at Rs 29,999. The bicycle has a 250 watt brushless DC motor with a top speed of 25 kmp and is equipped with 6.36AH lithium-ion battery that can be charged completely in 2.5 hours, which […]
Reliance Industries to appeal in Supreme Court against SAT ruling
NEW DELHI: Reliance Industries Limited (RIL) on Thursday said it will challenge in Supreme Court the dismissal of its plea by the Securities Appellate Tribunal (SAT) against a Sebi ruling barring the firm and 12 of its promoter group entities from dealing in equity derivatives for alleged unfair trade practices. SAT, by a 2:1 majority […]
Maruti Suzuki recalls 40,453 Eeco units to fix issue with headlamp
NEW DELHI: The country’s largest carmaker Maruti Suzuki India (MSI) on Thursday said it is recalling 40,453 units of its multi-purpose vehicle Eeco to fix an issue with the headlamp. The recalled units were manufactured between November 4, 2019 and February 25, 2020, the automaker said in a statement. “The company will inspect 40,453 units […]
BMW launches Mini John Cooper Works Hatch in India at Rs 46.9 lakh
NEW DELHI: German luxury carmaker BMW on Thursday launched limited edition Mini John Cooper Works Hatch in India priced at Rs 46.9 lakh (ex-showroom). The limited edition model is inspired by the Mini John Cooper Works GP and is offered as a completely built-up unit (CBU) and only 15 units are available and can be […]
CCEA okays Rs 1,810 crore investment for 210 MW hydropower project in Himachal Pradesh
NEW DELHI: The Union Cabinet on Wednesday approved a proposal to invest Rs 1,810 crore for 210 MW Luhri Stage-I hydropower project on river Satluj in Himachal Pradesh. “The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the investment of Rs 1,810.56 crore for 210 MW Luhri Stage-I Hydro […]
Apollo Tyres reports two-fold increase in Q2 net profit at Rs 200 crore
NEW DELHI: Apollo Tyres on Wednesday posted an over two-fold increase in consolidated net profit at Rs 200 crore for the September quarter on the back of robust sales. The company had reported a net profit of Rs 83 crore in the July-September period of 2019-20. Net sales rose by 8 per cent to Rs […]
JK Lakshmi Cement Q2 reports 86.9% rise in net profit at Rs 93 crore
NEW DELHI: JK Lakshmi Cement Ltd on Wednesday reported a 86.90 per cent rise in consolidated net profit at Rs 92.93 crore for the second quarter ended September 30, helped by cost reduction. The company had posted a net profit of Rs 49.72 crore in July-September quarter a year ago, JK Lakshmi Cement said in […]
Indian Hotels posts net loss of Rs 252 crore for September quarter
NEW DELHI: Tata group hospitality arm Indian Hotels Company Ltd (IHCL) on Wednesday reported a consolidated net loss of Rs 252.09 crore for the quarter ended September 30. The company had posted a net profit of Rs 69.30 crore in the corresponding period of the previous fiscal, IHCL said in a BSE filing. Its consolidated […]
EIH Q2 net loss at Rs 118.77 crore due to coronavirus pandemic impact
NEW DELHI: Hospitality firm EIH Ltd, which runs hotels and resorts under the Oberoi and Trident brands, on Wednesday reported a consolidated net loss of Rs 118.77 crore for the quarter ended September on account of the impact of the COVID-19 pandemic. The company had posted a net profit of Rs 30.55 crore for the […]
Birlasoft net profit up 69% at Rs 69 crore for September quarter
NEW DELHI: Birlasoft, part of the USD 2 billion diversified C K Birla Group, on Thursday reported a 69.3 per cent rise in consolidated net profit at Rs 69.1 crore for the September quarter. The IT services company had posted a profit of Rs 40.8 crore in the July-September 2019 period, Birlasoft said in a […]
AstraZeneca Pharma India Q2 net profit up 83% at Rs 26.33 crore
NEW DELHI: Drug firm AstraZeneca Pharma India on Thursday reported an 83.48 per cent rise in its net profit at Rs 26.33 crore for the quarter ended September 2020. The company had posted a net profit of Rs 14.41 crore for the corresponding period of the previous fiscal, it said in a filing to the […]
India asks OPEC to correct anomalies in crude price for different regions
NEW DELHI: India, the world’s third-largest oil importer, on Thursday pressed for assessing the impact of COVID-induced disruptions to global energy sector supply chains and said oil-cartel OPEC needs to address anomalies in the crude price differential for different regions. Speaking at the 4th high-level meeting of the India-OPEC Energy Dialogue, Oil Minister Dharmendra Pradhan […]
Berger Paints September quarter net profit increases 13.55% to Rs 221 crore
NEW DELHI: Berger Paints India Ltd on Thursday reported an increase of 13.55 per cent in its consolidated net profit to Rs 221.05 crore for the second quarter ended September 2020. The company had posted a net profit of Rs 194.66 crore during the July-September quarter of the previous fiscal,Berger Paints India said in a […]
Vayana Network eyes to double disbursements to $10 billion by March 2022
NEW DELHI: Supply chain finance start-up Vayana Network is eyeing to double the disbursements through its platform to USD 10 billion by March 2022 having already crossed the USD 5-billion-mark in trade finance to 250 supply chains spanning 25 industries. The Pune-based company is disbursing around Rs 3,000 crore a month now and is confident […]
Torrent Power profit slumps 73% to Rs 202 crore in September quarter
NEW DELHI: Torrent Power on Thursday posted 73 per cent decline in consolidated net profit at Rs 202.17 crore for September quarter of the current fiscal year. Its net profit in the year-ago period was Rs 755.61 crore, a BSE filing said. Total income also fell to Rs 3,166.10 crore in the quarter under review […]