Page 26 - Indian Companies

Time's up: TikTok to shut operations in India after permanent ban

According to sources, the scaling back will occur in two batches over the next few weeks

Swiggy's revenue jumps 115% to Rs 2,776 cr, losses up 61% to Rs 3,768 cr

The Bengaluru-based food delivery giant's total expenses for the fiscal were reported as Rs 6,545 crore

Revival in realty, industrial segment to support Supreme Industries' stock

Strong demand for plastic pipes, higher value-add mix drive earnings upgrade

JK Paper reports decline of 51% in net profit at Rs 64.59 crore for Q3

JK Paper Ltd on Wednesday reported a decline of 51 per cent in its consolidated net profit at Rs 64.59 crore for the third quarter ended December.

India Cements reports Rs 62 crore in profit for December quarter

India Cements Ltd clocked standalone net profits at Rs 62.02 crore for the quarter ending December 31, 2020, the company said on Wednesday. The city-based noted industrialist N Srinivasan-led company had registered Rs 5.37 crore as net loss during corresponding quarter previous year. For the nine month period ending December 31, 2020 standalone net profits surged to Rs 150.41 crore as against Rs 75.56 crore registered a year ago. For the year ending March 31, 2020, the company had clocked standalone net loss at Rs 35.51 crore. Total income on a standalone basis stood at Rs 1,162.91 crore for the quarter under review as against Rs 1,194.42 crore recorded corresponding quarter last fiscal. For the nine month period ending December 31,2020 standalone total income slipped to Rs 2,998.68 crore from Rs 3,915.36 crore registered in the same period last year. For the year ending March 31,2020, standalone total income was at Rs 5,085.28 crore. The COVID-19 pandemic situation

Marico Q3 net profit rises 13% to Rs 312 cr; revenue up 16% to Rs 2,122 cr

The company had posted a net profit of Rs276 crore in the October-December quarter a year ago.

Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc

Local sourcing of components and state monitoring keep firms away from production-linked incentives

Top headlines: BSNL-MTNL merger shelved, India Inc's big boys get bigger

Multinational companies operating in India and big domestic firms are grappling with an emerging challenge: How to deal with employees who refuse to take the Covid vaccine. Read top stories here

The bottleneck of govt contracting

The path to progress lies in first building a mature research process and developing a community of practice

India Inc's big boys get bigger still as unorganised market shrinks

Q3 results point to the trend; consolidation will continue, say analysts

India sees 19 IPOs worth $1.84 billion in 2020 December quarter: Report

Reflecting strong momentum, India witnessed 19 initial public offers worth $1.84 billion in the fourth quarter of 2020 and market sentiment remains positive in what could be a stellar 2021

Capex plans alive even during Covid-19; BSE100 firms add Rs 55K-cr assets

BSE100 firms add Rs 55K-cr assets amid pandemic, per Deloitte-Business Standard analysis

Consumer goods companies feel margin squeeze on raw material cost

After the initial spurt in demand after lockdown, manufacturers were hoping for a smooth run in the next few quarters

The iconic, incredible scooter Lambretta rides into the Indian sunset

Centuries of colonisation had sapped the Indian economy of its riches and cars were not an option. Scooters were.

Indian companies should remain agile to face future crisis: Birla

Birla in a webpost said the way Covid had hit people with comorbidities which were measurable and identifiable

Lofty earnings growth estimates, liquidity boom keep stocks afloat

Analysts are forecasting Nifty EPS to grow 60% by FY23

Companies call for demand creation and income tax relief in Budget

Only 28 per cent in Ficci survey are for fiscal consolidation

Indian cos mustn't get caught in covid co-morbidities: Kumar Mangalam Birla

Likens the way Covid impacted those with hypertension, diabetes etc, with the business shocks it delivered, while asserting that enterprises aren't genetically predisposed towards co-morbidities

How emerging uptick in commodity prices spells good news for Indian firms

A key reason the upswing in the commodity cycle is likely to help India is the relative performance of the dollar vis-a-vis the rupee

Mindtree net profit rises 65% to Rs 326 crore in December quarter

On a sequential basis, net profit grew 28.7 per cent and revenue was up 5.1 per cent.