Page 10 - Indian Companies

Rs 1-trillion m-cap club nears half-century; 19 companies join in 2021

Market experts said this was a natural consequence of the sustained gains in the market

It's important how you treat your co-workers: HCL co-founder Arjun Malhotra

To become a successful entrepreneur, it is important how one treats their co-workers, HCL co-founder Arjun Malhotra told Delhi government school students on Thursday.

Govt may announce overseas listing rules in next Budget: Revenue Secretary

Direct listing of securities overseas by Indian entities is allowed but there are certain issues which need to be sorted out for this to become a success, he said, without elaborating on the hurdles

Keep pace with changing technology: Revenue Secretary to automakers

Tarun Bajaj asked automakers to do a deeper analysis on why car sales are not going up even though income levels of people are rising, and exhorted the industry to keep pace with changing tech

Five out of the eight companies list below issue price in August

Aptus Value Housing Finance, Chemplast Sanmar latest to make tepid debuts

Pyxis Holdings acquires majority stake in Godrej Housing, Ensemble Holdings

Godrej Industries on Tuesday said its subsidiary Pyxis Holdings has acquired majority stake in group firms Godrej Housing Finance Ltd (GHFL) and Ensemble Holdings and Finance Ltd (EHFL).

India Inc earnings losing momentum as demand recovery falters, shows Q1

Sequentially, combined net profit down 12.4%, net sales by 7.8%

Decoded: Why commerce minister Piyush Goyal is peeved at some in India Inc

Indian industry would import even if it helped them save just 10 paise in the finished cost of goods, and then lobby to avoid the levy of anti-dumping duties on such imports, Goyal said

Overall Covid situation did indirectly impact hiring: ABB's Sanjeev Sharma

In a Q&A, the MD of the engineering giant says each of the 18 divisions of the company has carved out its plan for business expansion where it sees merit

Suzlon Energy posts consolidated profit of Rs 3.64 crore in June quarter

Suzlon Energy has reported a consolidated net profit of Rs 3.64 crore for the quarter ended June. The company had reported a consolidated net loss of Rs 398.86 crore in the same quarter of the previous fiscal, it said in a BSE filing. Total income rose to Rs 1,148.61 crore in the quarter from Rs 528.22 crore in the same period a year ago. The company also said the agenda pertaining to the enabling resolution for issue of securities to an extent of Rs.1,000 crore has been dropped. "The Q1 of FY22 was impacted by the second wave of the Covid-19 pandemic, making it difficult to ramp up execution. Rising global demand has disrupted the supply chain impacting availability and prices across the value chain. "Steep increase in steel prices by nearly 73.8 per cent in a year has adversely impacted our margins. Despite that, we are keeping our operations on track and continuing to build on the foundation that we created in FY21. We have maintained our quarter on quarter (QoQ) performance a

Swiss PE Partners Group to pick up controlling stake in ACT at $1.2 bn

Swiss private equity fund Partners Group is set to pick up a controlling stake in Bengaluru-headquartered wired broadband player Atria Convergence Technologies at an enterprise valuation of $1.2 bn

Near-term pressures for Motherson Sumi due to supply disruptions

Margin trajectory at international subsidiaries remains key trigger for the stock

Up to India Inc to take risks now as my govt has ushered bold reforms: PM

The prime minister said the economy was picking up pace with the efforts of industry

Non-Covid biz not back to pre-pandemic levels: Metropolis Healthcare MD

In a Q&A, Ameera Shah says, however, that the impact of the second wave on her industry segment wasn't as bad as the first

Financial creditors realised 36% of their total claims under IBC: Govt

The government on Tuesday said that financial creditors have realised Rs 2.45 lakh crore or 36 per cent of their total claims under the insolvency resolution process till the end of June.

Zomato Q1 net loss widens to Rs 356 crore; revenue rises to Rs 844 crore

Revenue from operations in Q1 rose to Rs 844.40 crore from Rs 266 crore a year ago

73% of Indian firms expect customer data breach in next 1 year: Report

Nearly 73 per cent of organisations in India expect to experience a data breach that impacts customer data in the next 12 months, a new report showed on Tuesday.

22 Indians firms included in Forbes Asia's inaugural '100 to Watch' list

Agriculture startup Aquaconnect, BeatO (biotech and healthcare), Bellatrix Aerospace (logistics and transportation), Betterplace (education and recruitment) are among the Indian firms in the list

Indiabulls Housing Fin posts 3.3% rise in Q1 net profit to Rs 282 cr

Mortgage financier Indiabulls Housing Finance on Thursday reported a marginal 3.3 per cent growth in its profit after tax at Rs 282 crore for the first quarter ended June 30, helped by a lower cost of funds. The lender had reported a profit after tax of Rs 273 crore in the year-ago quarter. Despite loan book coming down, our profitability has remained same, which tells that the company has increased its spread as the cost of funding has come down, its deputy managing director Ashwini Kumar Hooda said. The lender, in a release, said quarterly earnings have grown for the first time since the September 2018 IL&FS default and the ensuing NBFC liquidity crisis. The cost of funds has come down by 20 basis points to 8.4 per cent as of June 30, 2021, from 8.6 per cent, Hooda said. The spread on the book stood at 2.6 per cent. The net interest income improved to Rs 765 crore from Rs 731 crore in the year-ago period. The company said its collection efficiency has normalised in June and Ju

Adani Transmission net up nearly 22% at Rs 433 cr in April-June quarter

The rise of profit was mainly on the back of higher revenues