Windfall tax on domestic crude oil cut

The basket of crude oil that India buys has averaged USD 92.67 per barrel in September as against USD 97.40 in the previous month.

published on : 16th September 2022

Odisha's Seeds Corporation records profit

The corporation has planned to do business of about Rs 150 crore in the current financial year and has set a target to achieve a profit of Rs  3.2 crore.

published on : 5th September 2022

Cochin Airport Co logs a profit of Rs. 37.68 cr for FY 2021-22; aims turnover of Rs 675 cr this year

CIAL said it is eying a total revenue target of Rs 675 crore for the current fiscal. The target worked out for CDRSL for the current financial year is Rs 270 crore.

published on : 29th August 2022

Windfall tax on transport fuel to hit profits of oil companies

They said the tax on local oil producers has been cut on expected lines but increasing the levy on jet fuel and diesel exports was a surprise as local markets are reasonably well-supplied. 

published on : 19th August 2022

Saudi Aramco unveils record quarterly profit of 48.4 billion as oil prices soar

Aramco's massive Q2 windfall was the biggest quarterly adjusted profit of any listed company worldwide, according to Bloomberg.

published on : 15th August 2022

Hero reports 71 per cent increase in net profit at Rs 625 crore 

The automaker sold 13.90 lakh units of motorcycles and scooters in FY2023, up 36% when compared to the sales in the corresponding quarter last fiscal.

published on : 13th August 2022

LIC Q1 net profit drops 3/4th sequentially

The insurer’s total income fell from Rs 2,11,451 crore in the March-ended quarter to Rs 1,68,881 crore in the first quarter of FY23.

published on : 13th August 2022

Rural Electrification Corporation may soon become 12th Maharatna PSU

REC is a non-banking financial company (NBFC) and it focuses on power sector financing.

published on : 11th August 2022

Hindalco beats estimates, posts Rs 4,119 crore profit in Q1 

Hindalco on Wednesday reported a 47.7% year-on-year rise in consolidated profit after tax (PAT) at Rs 4,119 crore for the quarter ended June 30.

published on : 11th August 2022

IRCTC posts three-fold growth in profit to Rs 246 crore in Q1 

The company’s revenue from operations rose 251% to Rs 853 crore in Q1FY23 from Rs 243 crore in Q1FY22.

published on : 11th August 2022

Tata Consumer Products Q1 profit up by 38 per cent at Rs 276.72 crore

The company’s revenue from operations increased 10.58% to Rs 3,326.83 crore during the quarter under review as against Rs 3,008.46 crore in the corresponding period last fiscal year.

published on : 11th August 2022

PowerGrid profit falls by 37 per cent to Rs 3,801 crore

Total income of the company was at Rs 11,169 crore for Q1FY23, which is 7% higher compared to ₹10,392 crore in the Q1 of the previous year, the company said in a statement.

published on : 10th August 2022

Adani Ports Q1 net profit drops 17 per cent to Rs 1,091.56 crore

Karan Adani, CEO and whole-time director of APSEZ, said, "Q1 FY23 has been the strongest quarter in APSEZ's history, with a record cargo volume and highest ever quarterly EBITDA."

published on : 8th August 2022

Swedish audio streaming platform Spotify losses widen despite increase in subscription rate 

Spotify blamed the losses on higher staff costs after expanding its team and new acquisitions as it widens its reach into the world of podcasts.

published on : 8th August 2022

Mineral corporation earns Rs 1.4,00 crore net profit in Q1

In the corresponding period last year, the public-sector mining firm recorded 8.91 tonnes of production and 9.45 tonnes in sales.

published on : 6th August 2022

FMCG major Dabur’s net profit increases by 0.6 per cent

Its revenue from operations moved up 8% to Rs 2,822.43 crore during the quarter under review, as against Rs 2,611.54 crore in the corresponding period a year ago.

published on : 5th August 2022

Britannia net profit down by 13 per cent in first quarter

Varun Berry, Managing Director, said on the cost & profitability front, global factors continued to impact the economy, which led to a further surge in inflation during the quarter. 

published on : 5th August 2022

Bank of India Q1 profit falls by 22% to Rs 561 crore   

BoI improved on its asset quality as gross non-performing assets fell to 9.30% of gross advances by the end of June 2022.

published on : 4th August 2022

7 SPSEs in red, Gridco has highest negative net worth of Rs 4,135 crore

The State government has paid up capital of Rs 576.71 crore to Gridco and the closing balance of guarantee by the end of the 2019-20 was Rs 4,913.5 crore.

published on : 3rd August 2022

ITC Q1 net profit increases 34 per cent to Rs 4,390 crore

Revenue from operations surged 39.25% to Rs 19,831.27 crore, from Rs 14,240.76 crore posted in the same quarter last year.

published on : 2nd August 2022
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