Chennai (IANS) Diversified products company Tube Investments of India Ltd, a part of the Rs 417 billion Murugappa group, has agreed to acquire electric tractor maker Cellestial E-Mobility Private Ltd for Rs 161 crore. According to Tube Investments, in an all-cash … read more
Mumbai (IANS) Private lender Yes Bank on Saturday reported a rise of 76.8 per cent year-on-year in its net profit for the third quarter of FY22. The bank’s net profit rose to Rs 266 crore as against Rs 151 crore reported … read more
Mumbai (IANS) Reliance Industries Ltd (RIL) on Friday reported a year-on-year rise of 37.9 per cent in its consolidated net profit for the quarter ended December 31, 2021, at Rs 20,539 crore. In a regulatory filing, the company reported that its … read more
New Delhi (IANS) The Society of Manufacturers of Electric Vehicles (SMEV) has requested the Centre to provide some incentives — in the form of subsidies — on exports of affordable small cars and scooters from India in the Union Budget FY23 … read more
New Delhi (IANS) Shares of Kellton Tech Solutions hit the 10 per cent upper circuit on Tuesday, in an otherwise bearish trading session for equities. Kellton Tech is a ‘Born Digital’ technology consulting and IT services firm that delivers innovative business … read more
Mumbai (IANS) Expectations of healthy Q3FY22 results buoyed India’s key equity indices — S&P BSE Sensex and NSE Nifty50 — on Monday. Globally, Asian share markets were mixed on Monday as a slew of Chinese economic data confirmed the deadening effect … read more
Mumbai (IANS) Corporate earnings growth for the third quarter of FY22 is expected to be led by cyclical stocks, Motilal Oswal Financial Services (MOSFL) said in a report. Earnings growth is anticipated to be driven by metals, oil and gas and … read more
Bengaluru (IANS) Wipro on Wednesday announced results for the quarter ended December 31, 2021, recording a gross revenue of Rs 203.1 billion ($2.7 billion), an increase of 3.3 per cent QoQ and 29.6 per cent YoY. Wipro registered net income of … read more
New Delhi (IANS) India Inc is ready to take on the third Covid wave with operational experience gained during the last two-years of pandemic. Accordingly, the rising cases of Covid-19 as well as subsequent mobility curbs will have a ‘relatively mild’ … read more
Seoul/New Delhi (IANS) A Seoul court on Monday approved a local consortium’s acquisition of Mahindra & Mahindra-owned SsangYong Motor by Edison Motors for $254 million, paving the way for the financially-troubled carmaker to get back on track. The consortium led by … read more