Teleradiology Solutions registers an overall revenue increase of 300% for FY21 – ET HealthWorld

22nd June 2022: Teleradiology Solutions (TRS), a leading global provider of remote radiology solutions and services announced that it has registered an overall revenue increase of 300% for the year and aspires to achieve 100 million by doubling its revenues every three years. As a part of its growth strategy, the company is also looking … Read more

Tax collections soar to record Rs 27.07 lakh cr in FY22

India’s tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31 as mop-up from income and other direct taxes as well as indirect taxes jumped, Revenue Secretary Tarun Bajaj said on Friday. Gross tax collection of Rs 27.07 lakh crore during April 2021 to March 2022 … Read more

Paint stocks may be due for re-rating soon

Mumbai: Stocks of Indian paints manufacturers are likely to outperform on expectations of strong revenue growth over the medium term, led by volume growth and price hikes in response to inflationary raw material prices, said analysts. The growth will mainly be led by the shortening of the repainting cycle, housing demand, conversion from ‘kutcha’ to … Read more

Lal PathLabs can fortify its hold if suburban is integrated well

The funding of the acquisition through LPL’s existing cash reserves, while being an indicator of its strong financial position, would, on the other hand, largely wipe out its cash reserves. Synopsis Dr Lal PathLabs (LPL), India’s largest diagnostics player by revenue and presence, is slated to become bigger with the acquisition of Suburban Diagnostics, which … Read more

Sales, profit grow in double digits, but margins drop

Revenue growth improved to 12% from a drop of 5% in the previous quarter while net profit rose by 2% from a 15% drop by similar comparison. The margin contracted by 320 basis points sequentially. Synopsis The initial trend in second-quarter results show that aggregate sales and profit continue to grow in double digits year-on-year … Read more

Vijaya Diagnostics IPO issue subscribed 4.5x, Ami Organics sees 64x demand

Mumbai: The initial public offerings (IPOs) of of Vijaya Diagnostics Centre and Ami Organics closed with a subscription of 4.5 times and 64.6 times, respectively, on Friday. Analysts said revival in the mid and smallcaps in the secondary market after a weak performance in August has helped these IPOs, though the market participants favoured specialty … Read more

Tata Motor’s cost focus means little when chips are scarce

In the last three months, Tata Motors has underperformed the BSE Auto index with headwinds emerging from the supply side. Synopsis The focus on cost control can be gauged from the fact it saved 150 million at JLR, by curbing variable marketing expenses and implementing a 10% reduction per car in vehicle cost. In the … Read more

Revenue from export of shrimps likely to increase 20% to $4.3 bn in 2021: Crisil

Revenue from export of shrimps is expected to dart up 20% on-year to about $4.3 billion in calendar 2021, driven by a revival in demand and restoration of supply chains that were disrupted last year by the Covid-19 pandemic. That should help India wrest global leadership in shrimp exports after slipping to the second spot … Read more

GST council meet: Stage set for a stormy GST meet today

(This story originally appeared in on May 28, 2021) When the GST Council meets after a gap of seven months on Friday, on its agenda are issues related to the economy but discussions will be on political lines — be it levies on vaccines or greater say to states in running the all-powerful panel. For … Read more

ICICI Securities Q4 results: Net profit jumps 111% to Rs 329 cr; revenue rises 53%

MUMBAI: reported consolidated revenue of Rs 739 crore for the March 2021 quarter, a jump of 53% corresponding to the previous year quarter aided by strong all round performance in equities & allied business, distribution business, private wealth management business, as well as investment banking business. Consolidated profits jumped 111% to Rs 329 crore on … Read more