Page 8 - Companies

Logistics company Shiprocket invests $1.5 million in Logibricks

Tech-enabled logistics and fulfilment firm Shiprocket has invested $1.5 million in Logibricks for product revamp, talent acquisition and product innovation, among others.

Micro gold savings app Jar raises $32 million led by Tiger Global

Fintech startup firm Jar said it has raised USD 32 million (about Rs 240 crore) in a Series A round funding led by Tiger Global.

Barbeque-Nation Hospitality net profit at Rs 14.83 crore in Dec quarter

Barbeque-Nation Hospitality Ltd reported a consolidated net profit of Rs 14.83 crore for the third quarter ended December 2021.

ReNew Energy Global announces a share buyback worth $250 million

ReNew Energy Global (ReNew), the listed parent of Indian renewable energy company ReNew Power, has announced a share buyback worth $250 million just six months after getting listed on the Nasdaq index

Home First eyes 30% jump in loan sales at Rs 5,600 crore in FY22

Affordable housing-focused Home First Finance is bullish on the market and is on course to disburse 30 per cent more loans over the last fiscal to close this year

Brigade Enterprises posts Rs 78 cr profit in Dec quarter; revenue up 43%

Bengaluru-based realty firm Brigade Enterprises Ltd on Thursday reported a consolidated net profit of Rs 78.36 crore for the quarter ended December. The company had posted a net loss of Rs 16.12 crore in the year-ago period. Total income rose to Rs 933.19 crore in the third quarter of this fiscal, from Rs 653.65 crore in the corresponding period of the previous year, according to a regulatory filing.

Manyavar-owner Vedant Fashions collects Rs 945 cr from anchor investors

Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, on Thursday said it has garnered Rs 945 crore from anchor investors, ahead of its IPO roll-out on Friday

Blue Star consolidated net profit rises 29% at Rs 48 crore in Dec quarter

Air conditioner and commercial refrigerator maker Blue Star Ltd reported 29.37 per cent rise in consolidated net profit at Rs 47.57 crore for the third quarter ended December 2021.

Homes textiles major Welspun India Q3 net falls 25% to Rs 131 crore

Homes textiles major Welspun India Ltd reported a 25 per cent decline in consolidated net profit at Rs 131.06 crore for the third quarter ended December 2021.

Thomas Cook (India) Q3 consolidated net loss narrows to Rs 25 crore

Travel services provider Thomas Cook (India) Ltd on Thursday reported narrowing of its consolidated net loss at Rs 24.59 crore for the third quarter ended December 2021. The company had posted a consolidated net loss of Rs 66.24 crore in the same quarter last fiscal, Thomas Cook (India) said in a regulatory filing. Consolidated total income from operations stood at Rs 750.25 crore, as compared to Rs 271.42 crore in the year-ago quarter. Total expenses jumped to Rs 786.69 crore from Rs 360.75 crore earlier. The lockdowns and restrictions imposed from time to time on various activities due to the COVID-19 pandemic have posed challenges to all the businesses of the company and its subsidiaries and associates, Thomas Cook (India) said. While initial restrictions such as cessation of air traffic and other forms of public transport and closure of hotel operations have been relaxed over the past few quarters, the second and third waves of the pandemic have been a serious hindrance to ...

Security and Intelligence Services profit rises to Rs 101 crore in Q3

Security and Intelligence Services (SIS) reported a marginal increase in net profit at Rs 101 crore for the third quarter ended December 2021.

Westlife Development posts net profit of Rs 20.82 crore in Dec quarter

Westlife Development Ltd reported a multifold jump in its consolidated net profit to Rs 20.82 crore for the third quarter ended December 2021.

Board of Coromandel International appoints S Venu as Additional Director

Agri-solutions provider Coromandel International Ltd reported a 16.2 per cent rise in profit after tax at Rs 379 crore for the quarter ending December 31, 2021.

Kuwy launches a platform for complete online car sales process

Automotive fintech startup Kuwy on Thursday said it has launched a platform for complete online car sales process by bringing together buyers, sellers and lenders. The Chennai-based company, which is a subsidiary of Volkswagen Finance, introduced - KUWYLaaS, an AI-driven platform with block chain technology to complete car sales online. In addition to democratising online car sales with complete transparency, the technology provides greater level of information to power the choice as well as right decision making for all three - seller, buyer and lender. "KUWYLaaS will jump start the journey of online car retailing in India. The technology innovation in the KUWYLaaS will not only eliminate all the challenges associated with online car sales today but also provide deeper insights that will enable the completion of online transactions," Kuwy CEO & Co-Founder B Ganesh Kumar noted. The platform allows a customer to select finance options, choosing a lender and getting instant approval

HCC posts 45.7% decline in net profit to Rs 118.6 crore for Dec quarter

Hindustan Construction Company (HCC) reported a 45.66 per cent decline in net profit to Rs 118.58 crore for the quarter ended December 31, 2021.

MapmyIndia to acquire 9.9 pc stake in geospatial company Pupilmesh

Digital maps company CE Infosystem, which operates under the MapmyIndia brand, said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh.

Dhanuka Agritech Q3 profit up 6% at Rs 42.5 cr; revenue up 19% at Rs 364 cr

Agro-chemicals firm Dhanuka Agritech Ltd reported a six per cent increase in its consolidated net profit to Rs 42.51 crore for the quarter ended December.

HCC Group signs pact with Cube for sale of Baharampore-Farakka Highway

HCC Group said it has signed an agreement with Cube Highways to sell Baharampore-Farakka Highways Ltd (BFHL) at an enterprise value of Rs 1,279 crore.

Gillette India posts 13.9% decline in profit to Rs 70.50 cr for Dec quarter

Shaving products maker Gillette India Ltd reported a 13.9 per cent decline in net profit to Rs 70.50 crore for the quarter ended in December 2021

Zee Entertainment Q3 results: Consolidated PAT declines 25% to Rs 299 cr

Zee Entertainment Enterprise Ltd reported a consolidated net profit of Rs 298.98 crore for the third quarter ended December 2021.