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

HSBC Bank's H1 pre-tax profit falls, dismisses calls for split

London-headquartered HSBC was among a number of major banks to cancel dividends early in the pandemic after a de facto order from the Bank of England.

published on : 1st August 2022

Amazon posts loss for second-consecutive quarter even as revenue tops estimates  

Amazon posted a loss of $3.84 billion in this year's first quarter, its first quarterly loss since 2015, which was also marked by a large Rivian write-down.

published on : 29th July 2022

Maruti Suzuki Q1 registers net profit at Rs 1,012.8 crore

In April-June 2021 quarter Maruti Suzuki posted a consolidated net profit of Rs 440.80 crore.

published on : 27th July 2022

Several Indian-origin persons charged in insider trading cases in US

In another action, the SEC alleges insider trading by investment banker Brijesh Goel, 37 and his friend Akshay Niranjan, 33, both of New York, who was a foreign exchange trader.

published on : 26th July 2022

Axis Bank Q1 net up 86% to Rs 4,381 crore

 The overall non-interest income fell 11% to Rs 2,999 crore, mainly driven by a Rs 667 crore reversal in treasury operations due to mark-to-market losses as the yields harden.

published on : 26th July 2022

At Rs 2,391 crore, HUL's net profit at 14 per cent; total income up 20 per cent at Rs 14,757 crore

HUL's revenue from sales of products only in the April-June quarter moved up by 19.46 per cent to Rs 14,331 crore from Rs 11,996 crore in the year-ago period.

published on : 19th July 2022

Amazon to sublease warehouses as online shopping slows

Subleasing allows the company to “relieve the financial obligations associated with an existing building that no longer meets” its needs, Amazon spokesperson Alisa Carroll said.

published on : 24th May 2022

China covid lockdown troubles mar Adidas's first-quarter result

The group's net profit from its continuing operations fell to 310 million euros which is equivalent to USD 326 million, from 502 million euros in the same quarter last year. 

published on : 6th May 2022

Akshaya Tritiya brings cheers to gold traders

The Legal Metrology department conducted raids on jewellery showrooms on Tuesday.

published on : 4th May 2022

Nykaa’s net profit declines 59% to 28 crore

Nykaa accelerated store expansion this quarter, with 12 new stores including those in Tier 2/3 cities. Its physical store count was 96 as of Dec 31, 2021 in 45 cities.

published on : 10th February 2022

Shipping company Maersk sees record profit as demand surges

Maersk's profits before taxes soared last year from $3.3 billion in 2020, while 2021 revenue came in at $61.8 billion, up from $40 billion.

published on : 9th February 2022

GAIL reports highest quarterly net profit on gas price jump

Profitability from GAIL's LPG and liquid hydrocarbon business also jumped 200 per cent.

published on : 3rd February 2022

Nokia India sales fall 15 per cent to Rs 2,113 crores in December quarter

Nokia's global business was adversely impacted due to the supply chain constraints and lower sales of equipment for mobile networks, particularly in Asia.

published on : 3rd February 2022

JSW Energy records over two-fold jump in net profit in December quarter

The company's balance sheet is one of the healthiest among its peers. Total revenue of the company during October-December 2021 rose to Rs 1,984 cr as against Rs.1,659 cr a year ago.

published on : 19th January 2022

Lego's holidays play: Offers extra offs, bonus to its 20,000 staffers after bumper year

Already popular globally, Lego has seen demand for its signature plastic bricks soar during the pandemic alongside its rapid expansion in China.

published on : 30th November 2021

Canara Bank net profit jumps over two times to Rs 1,333 crore in September quarter

Total income of the bank also rose to Rs 21,331.49 crore during July-September period of 2021-22, as against Rs 20,793.92 crore during the same period in 2020-21.

published on : 26th October 2021

Nestle India Q3 net up 5 per cent to Rs 617 crores; net sales up 9.63 pc to Rs 3,865 crores

Shares of Nestle India Ltd on Tuesday, October 19, 2021, settled at Rs 19,389.15 on BSE, down 0.20 per cent from its previous close.

published on : 19th October 2021

Tata Motors's consolidated Q1 net profit up more than 41 per cent

Tata Motors on Wednesday reported a rise of over 41 per cent in its consolidated Q1 net profit due to "one-time gain" on account of changes made to the Jaguar Land Rover pension plans.

published on : 9th August 2017

JSW Steel Q1 net plunges 44 percent on flat production, higher input costs

The decline was attributed to flat crude steel production and higher prices of inputs like iron ore, fluxes and power.     

published on : 1st August 2017
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