Page 4 - Indian Companies

Tata Power: Strong Q3 performance, but the valuations are high too

Analysts target prices vary, indicating an upside of upto 10 per cent to a downside of 5 per cent for the stock

Food delivery giant Swiggy's revenue drops 23% in FY21 to Rs 2,145 crore

The company is strengthening its investment in the broader ecosystem

Study flags 26,134 legal threats to entrepreneurship

More than half these clauses carry a sentence of at le­ast one year, says the report

Eveready ropes in Bain & Company for rejigging business strategy

Consultancy to study firm's strengths and weaknesses and thereafter identify the low-hanging fruits in terms of profitability

BharatPe investors may make stake sale painful for Ashneer Grover: Experts

BharatPe founder's demand for Rs 4,000-crore payout rests on shaky ground

Karbon Card raises $15 mn from Olive Tree, Harmony, Avenir and others

Existing investors Ramp, Mercury and Orios Venture Partners also participated in current round, which has taken the total amount raised by Karbon to about $32 million

BharatPe appoints investor's lawyer on Board amid probe and tussle

John Bernard Weinstein, a lawyer who is a partner and deputy general counsel at venture capital firm Insight Partners, joined the BharatPe Board on February 2

Corporate India ahead in embedding sustainability across strategies: Report

It has been revealed that 57 per cent organisation in India has a sustainability strategy that has been acted upon and clearly communicated.

Sebi should hear if cos have views on separate roles of Chairperson, MD: FM

At the end of December 2020, 53% of the top 500 listed entities had complied with the provision

BharatPe boardroom tussle: Co-founder Nakrani says he supports CEO Sameer

Shashvat Nakrani's backing for Suhail Sameer comes amid Ashneer Grover's demand for his ouster

BharatPe's other founder supports CEO amid Grover's demand for ouster

Legal experts contend that the CEO cannot be removed from the board on the sole demand of Ashneer Grover and any such removal can only be done jointly by both the co-founders

Shree Cements Ltd Q3 net profit decline 23.5% at Rs 482.70 crore

Shree Cements Ltd on Friday reported a decline of 23.57 per cent in its consolidated net profit at Rs 482.70 crore for the third quarter ended December 31, 2021. It had reported a net profit of Rs 631.58 crore in the October-December quarter a year ago, Shree Cements said in a filing to the BSE. Its revenue from operations was up 2.24 per cent at Rs 3,637.11 crore during the quarter under review as against Rs 3,557.21 crore in the corresponding quarter last fiscal. Shree Cements' total expenses were at Rs 3,131.12 crore, up 11.32 per cent in Q3/FY22, as against Rs 2,812.58 crore. Meanwhile, in a separate filing, Shree Cements informed that its board in a meeting held on Friday declared an interim dividend of Rs 45 per equity share of Rs 10 each for the financial year 2021-22. The company operates into the market with the brands -- Bangur Cement, Shree Cement, Shree Jung Rodhak and Rockstrong. Shares of Shree Cements Ltd on Friday settled at Rs 24,704 on the BSE, down 0.54 per cen

Adani Power posts Rs 218 crore consolidated net profit for Dec quarter

Adani Power on Thursday posted Rs 218.49 crore consolidated net profit for December quarter 2021-22. The company incurred a loss of Rs 288.74 crore in the year-ago period, a BSE filing stated. Total income stood at Rs 5,593.58 crore in the quarter. It was Rs 7,099.20 crore in the same period a year ago. Total expense was at Rs 5,389.24 crore in the quarter under review. In the year-ago period, it was Rs 7,304.95 crore. The company said capacity utilization was impacted in the quarter due to shortage of domestic coal and high prices of imported coal. The Tiroda plant was the only plant to report an increase in capacity utilization, whereas the Udupi plant was shut down for the entire quarter due to "backdown" by Karnataka power distribution companies on account of high import coal prices. As a result of the above, during the quarter, Adani Power achieved a consolidated average Plant Load Factor (PLF) of 40.9 per cent and sales volume of 10.5 billion units as compared to a PLF of 7

Sunil Bharti Mittal to Rashesh Shah, BS Jury lauds growth-oriented Budget

In terms of sector focus, the Budget has primarily focused on agri and MSME

Budget: Concessional rate dumped, foreign dividends now under tax ambit

The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill

Hindustan Petroleum Q3 net profit drops 63% on inventory loss

Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported a 63 per cent decline in third quarter net profit as it booked inventory losses.

Indian Oil Corp reports over 19% jump in Q3 net profit at Rs 5,861 crore

Revenue from operations rose nearly 35% to Rs 1.98 trillion

Godawari Power and Ispat Q3 net profit doubles to Rs 337 crore

Godawari Power and Ispat Ltd (GPIL) on Monday reported an over two-fold jump in net profit at Rs 336.87 crore for the quarter ended December 31, 2021. In the year-ago quarter, the company's "net profit from ordinary activities after tax" stood at Rs 166.36 crore. Total income from operations was at Rs 1,614.66 crore during October-December 2021-22 as against Rs 1,132.49 crore a year ago. Expenses were at Rs 1,160.54 crore compared to Rs 856.94 crore in same period of 2020-21. GPIL is the flagship company of Raipur-based Hira Group of Industries having dominant presence in the long product segment of the steel industry, mainly into mild steel wire.

Economic Survey: Number of space start-ups double in 2021

Two-thirds of India's space start-ups have been added in the last two years

Gender parity bid: 45% of Accenture workers are women in India

The IT services giant is working in key segments in the country such as retail, telecom, energy, auto, banking, and so on