Business updates

Business

Puranik Builders files fresh IPO papers with SEBI, plans to raise Rs 1,000 cr

Mumbai (Maharashtra) [India], Nov 21: Realty firm Puranik Builders has filed fresh papers with the Securities and Exchange Board of India (SEBI) to raise about

Business

ADB, Alibaba establish strategic partnership for rural vitalisation in China

Beijing [China], Nov 21: Asian Development Bank (ADB) and Alibaba Group have signed a memorandum of understanding to cooperate in support of rural vitalisation

Business

Sanaka Capital, others to invest Rs 525 crore in Edelweiss Group

Mumbai (Maharashtra) [India], Nov 13: Private equity platform Sanaka Capital along with co-investors will invest up to Rs 525 crore into Edelweiss Global Invest

Business

ABB India clocks PBT of Rs 113 crore in Q3 FY20 after reform measures

Bengaluru (Karnataka) [India], Nov 13: Power and automation technology major ABB India on Wednesday reported a profit before tax of Rs 113 crore and profit afte

Business

Motherson Sumi Systems Q2 PAT up by 4 pc to Rs 385 crore

Noida (Uttar Pradesh) [India], Nov 11: Specialised automotive component maker Motherson Sumi Systems Ltd (MSSL) on Monday reported four percent growth in the ne

Business

Auto sales decline by 12.7 pc in October, signalling prolonged slowdown

New Delhi [India], Nov 11: Domestic vehicle sales across all categories declined by 12.76 percent in October to 21.76 lakh units compared to 24.94 lakh units in

Business

L&T Construction awarded significant contracts for various businesses

Mumbai (Maharashtra) [India], Nov 11: L&T Construction said on Monday it has secured orders from clients across various states for varied businesses. The co

Business

IndiGo, Qatar Airways sign codeshare pact to bolster connectivity between India and Qatar

New Delhi [India], Nov 7: Low-cost airline IndiGo on Thursday signed a one-way codeshare agreement with Qatar Airways, enabling the latter to place its code on

Business

Indiabulls Housing Finance Q2 profit dips 32 pc to Rs 702 crore

Mumbai (Maharashtra) [India], Nov 7 : Indiabulls Housing Finance’s consolidated net profit dipped by 32 per cent to Rs 702 crore in the July to September

Business

Cipla clocks revenue growth of 10 pc in Q2, EBITDA up by 21 pc

Mumbai (Maharashtra) [India], Nov 6: Pharmaceutical major Cipla on Wednesday reported 25 per cent year-on-year increase in its consolidated net profit at Rs 471

Business

TVS Motor Chairman Srinivasan conferred with Deming award

Tokyo [Japan], Nov 6: Venu Srinivasan, Chairman of TVS Motor Company and Sundaram Clayton, was conferred with the prestigious Deming Distinguished Service Award

Business

Canara Bank Q2 profit up 22 pc at Rs 365 crore, asset quality improves marginally

Bengaluru (Karnataka) [India], Nov 6: Government-owned Canara Bank said on Wednesday its net profit during the July to September quarter jumped by 22 per cent y

Business

ADB underlines vast potential of fintech to bridge Asia’s financial divide

Manila [Philippines], Nov 6: Digital technologies can bring new opportunities to provide financial services to vast underserved populations in Asia and the Paci

Business

Sun Pharma, AstraZeneca enter into license pact for novel oncology products in China

Mumbai (Maharashtra) [India], Nov 6: Sun Pharmaceutical Industries said on Wednesday it has entered into a licensing agreement with AstraZeneca UK Ltd to introd

Business

Gillette India’s Q1 net profit declines on higher advertising spends

Mumbai (Maharashtra) [India], Nov 6 : Gillette India Ltd‘s profit after tax for its first quarter (July to September) stood at Rs 62 crore, down by 5 per

Business

Tech Mahindra Q2 profit up 17 pc q-o-q at Rs 1,124 crore

Mumbai (Maharashtra) [India], Nov 5: IT major Tech Mahindra on Tuesday reported over 17 per cent quarter-on-quarter (q-o-q) jump in its consolidated net profit

Business

PMC Bank raises withdrawal limit for depositors to Rs 50,000

Mumbai (Maharashtra) [India], Nov 5: As angry depositors of Punjab and Maharashtra Cooperative (PMC) Bank took to streets on Tuesday in order to stage their pro

Business

Titan reports muted growth in Q2 profit at Rs 429 crore

Mumbai (Maharashtra) [India], Nov 5: Tata enterprise Titan said on Tuesday its standalone profit before tax for Q2 totalled Rs 429 crore against Rs 446 crore la

Business

MRPL reports expanding loss in Q2 at Rs 574 crore, GRM plummets

Mangaluru (Karnataka) [India], Nov 5: ONGC subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) has reported a loss of Rs 574 crore in the second quarter

Business

Indian jewellery demand of 101.6 tonnes in Q3 one-third lower y-o-y: WGC

New Delhi [India], Nov 5: Gold jewellery demand in India fell to 101.6 tonnes during July to September, down 32 per cent from 148.8 tonnes in the same period of

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