Gulf Oil Lubricants India, a Hinduja Group Company achieved net revenue of Rs 792.05 crore and PAT of Rs 62.17 crore as against net revenue of Rs 638.93 crore and PAT of Rs 63.39 crore year-on-year. For the year ended 31 March 2023, the Company has achieved a net revenue of Rs 2,999.10 crore and […]
Electric consumer product manufacturer, Crompton Greaves Consumer Electricals (CGCEL) on Friday reported a consolidated net profit decline by 25.48 per cent at Rs 131.55 crore from Rs 176.55 crore last year in the fourth quarter that ended in March 2023. The company’s operational revenue increased by 15.7 per cent during the quarter under review against […]
Interglobe Aviation, the operator of India’s top airline, IndiGo, reported a second consecutive quarterly profit on Thursday, as strong demand for air travel more than offset a jump in fuel expenses. India’s biggest airline by market share has been grappling with high fuel costs and foreign exchange volatility that have dragged it to losses in […]
Infinium Pharmachem , engaged in the manufacturing of Pharma Intermediates and APIs, Iodine derivatives has reported net profit of Rs. 9.49 crore for FY23, with Y-o-Y growth of 55.4% as compared to the net profit of Rs. 6.10 crore in FY22. Revenue from Operations grew 15.24% to Rs. 114.22 crore in FY23 as against revenue […]
Amazon will lay off about 500 employees in India across its businesses including Amazon Web Services (AWS) and more. The job cuts will also affect human resources and support functions, according to multiple media reports. The ongoing process of layoffs is part of Amazon’s previously announced 9,000 job cuts. In the first phase, the company […]
Last week, South Korea’s Hyundai Motor Co announced that it will invest 200 billion rupees (USD 2.45 billion) in Tamil Naidu over the next 10 years to bolster its electric vehicle (EV) production in India. SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth […]
Tata Group will be Apple’s fourth iPhone contract manufacturer in India after the acquisition of Wistron Corp’s factory in Bengaluru, according to a TrendForce report. The assembly orders by the cars-to-software conglomerate for various iPhone models is expected to be 5 per cent of total units in 2023. The company has reportedly received orders for […]
Vaxfab Enterprises, a BSE listed Company, Agriculture & Textile Trading Company in India, reported Net sales of Rs. 202.88 Lakhs for the Third Quarter (Q3) ended in December, 2022, which is 7.5 times more than Net sales of Rs. 26.20 Lakhs for the Second Quarter (Q2) ended in September, 2022, according to the official statement. […]
Flipkart reported a 33 per cent increase in demand for heating appliances in the October-December 2022 period compared to the same period a year ago. According to Flipkart, the demand for heating appliances has increased across the country, including in tier-2, 3 and beyond cities such as Arrah, Darbhanga, Delhi, Gaya, Ghaziabad, Lucknow, Muzaffarpur, and […]
JSW Steel reported 6.24 million tonnes of group combined crude steel production in Q3 FY23, representing a 17 per cent year on year (YoY) increase, including production at jointly controlled entities. Production increased by 10 per cent quarter on quarter (QoQ) due to improved average capacity utilisation at JSW Steel and Bhushan Power & Steel […]
