India’s Tata Communications reported a 15% rise in its fourth-quarter profit on Tuesday, helped by higher demand for its data services. The firm’s consolidated pre-tax profit for the January-to-March quarter rose to 3.36 billion rupees ($39.5 million) from 2.92 billion rupees a year earlier. Tata Communications, which provides services such as data connections and cybersecurity … Read more
New Delhi, ICICI Lombard on Tuesday reported a 2 per cent decline in net profit to Rs 510 crore for the fourth quarter ended March 31. The company had reported a post-tax net profit of Rs 520 crore in the year-ago period. However, the total income of the company rose to Rs 5,851 crore in … Read more
The fourth quarter results are underway and some big earnings are scheduled for this week. To kickstart on Tuesday are the earnings from ICICI Lombard, ICICI Prudential Life and IREDA. Apart from the above, Delta Industrial Resources, GM Breweries, Hathway Bhawani Cabletel and Datacom, MRP Agro and Swastik Safe Deposit and Investments will also announce … Read more
United Spirits Ltd on Thursday reported a 4.3 per cent decline in consolidated net profit at Rs 335 crore in the December quarter, impacted by higher expenses and severance costs related to a closed unit. The company had posted a consolidated net profit of Rs 350 crore in the corresponding quarter last fiscal, United Spirits … Read more
State-owned Indian Overseas Bank (IOB) shares climbed as much as 4.7% on Wednesday to Rs 59.50 on BSE after the bank said it has received an order confirming a refund of Rs 1,359.29 crore for the assessment year 2015-16, including interest under Section 244A. “As per the order dated 17.08.2024, the amount refundable to the … Read more
Shares of Brainbees Solution-operated FirstCry fell by 4.5% to their day’s low of Rs 597.80 on the BSE after the company informed that the GST department of Mumbai has initiated an investigation at the company’s head office and a warehouse in Pune. “We wish to inform you that the Assistant Commissioner of State Tax, Mumbai … Read more
Shares in Asia climbed after another strong performance on Wall Street, with stocks hitting fresh record highs. Oil dropped as concerns eased about Israel attacking Iranian energy facilities. Benchmark indexes were up in Australia and Japan, and US futures advanced slightly. With earnings reports poised to drive US sentiment this week, the S&P 500 rose … Read more
The Board of Wipro will consider issuing bonus shares to investors along with its financial results for the quarter ended September 2024. “The Board will be considering a proposal for issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and … Read more
State-run Indian Renewable Energy Development Agency (IREDA) on Thursday reported a net profit of Rs 388 crore for the quarter ended September 30, 2024 which was up 36% over Rs 285 crore reported by the company in the year ago period. Revenue from operations in Q2FY25 stood at Rs 1,629 crore which was up by … Read more
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — After Silicon Valley Bank and Signature Bank failed, the US government stepped in with … Read more