Corporates

Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable

Post Fuel Excise Duty Cut Reliance-BP Joint Venture Says Operations Unsustainable

Press Trust of India | Monday May 23, 2022, New Delhi

RBML - the joint venture of Reliance Industries Ltd and BP - has told Government that fuel retailing for private sector has become unsustainable

Chipmaker Broadcom In Talks To Buy Cloud Company VMware: Report

Chipmaker Broadcom In Talks To Buy Cloud Company VMware: Report

Reuters | Monday May 23, 2022

Chipmaker Broadcom Inc is in talks to acquire cloud service provider VMware Inc, people familiar with the matter told Reuters.

Amazon Accuses Future Group's Independent Directors Of Fraudulent Strategy

Amazon Accuses Future Group's Independent Directors Of Fraudulent Strategy

Press Trust of India | Sunday May 22, 2022, New Delhi

Amazon has accused independent directors of Future Retail of facilitating "fraudulent stratagem" of transfer of 835 stores to Reliance group

Paytm Payments Bank Hopes RBI To Lift Curbs On Taking New Customers Soon

Paytm Payments Bank Hopes RBI To Lift Curbs On Taking New Customers Soon

Reuters | Sunday May 22, 2022, MUMBAI

Paytm Payments Bank expects the central bank to allow it to resume taking on new customers in the next few months

LML Electric Goes In Expansion Mode, To Pump In Rs 350 Crore

LML Electric Goes In Expansion Mode, To Pump In Rs 350 Crore

Press Trust of India | Sunday May 22, 2022, Mumbai

LML Electric, which has announced its plans to roll out three products next year, is looking to invest Rs 350 crore in the business

Salil Parekh Reappointed Infosys Chief For Next 5 Years

Salil Parekh Reappointed Infosys Chief For Next 5 Years

Asian News International | Sunday May 22, 2022, Bengaluru (Karnataka)

Salil Parekh has been the Chief Executive Officer and Managing Director of Infosys since January 2018

Vijay Shekhar Sharma Reappointed Paytm Chief Till December 2027

Vijay Shekhar Sharma Reappointed Paytm Chief Till December 2027

Asian News International | Sunday May 22, 2022, New Delhi

Paytm has reappointed its founder Vijay Shekhar Sharma as Managing Director and Chief Executive Officer till December 18, 2027

Market Capitalisation Of Reliance Industries, HDFC Bank And Hindustan Unilever Rises Rs 1.78 Lakh Crore

Market Capitalisation Of Reliance Industries, HDFC Bank And Hindustan Unilever Rises Rs 1.78 Lakh Crore

Press Trust of India | Sunday May 22, 2022, New Delhi

Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers from the top-five pack, TCS and Infosys emerged as laggards

JK Cement Aims To Generate Rs 500 Crore Through Non-Convertible Debentures

JK Cement Aims To Generate Rs 500 Crore Through Non-Convertible Debentures

Press Trust of India | Sunday May 22, 2022, New Delhi

JK Cement Ltd plans to raise up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis in one or more tranches

Shree Cement's March Quarter Profit Falls 16% Year-On-Year To Rs 645 Crore

Shree Cement's March Quarter Profit Falls 16% Year-On-Year To Rs 645 Crore

Edited by Animesh Singh | Saturday May 21, 2022

Shree Cement witnessed a 16 per cent fall in its standalone fourth quarter net profit, which stood at Rs 645 crore in the March quarter of 2021-22

BHEL Records Rs 912 Crore March Quarter Profit

BHEL Records Rs 912 Crore March Quarter Profit

Press Trust of India | Saturday May 21, 2022, New Delhi

BHEL on Saturday returned to black posting Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income

Paytm Sets Up Joint Venture Insurance Firm, To Invest Rs 950 Crore In 10 Years

Paytm Sets Up Joint Venture Insurance Firm, To Invest Rs 950 Crore In 10 Years

Press Trust of India | Saturday May 21, 2022, New Delhi

One 97 Communications Limited (OCL), which operates under Paytm brand, on Saturday said it has formed a joint venture (JV) general insurance company

Indian Railway Finance Corporation's 2021-22 Profit Rises 38%

Indian Railway Finance Corporation's 2021-22 Profit Rises 38%

Press Trust of India | Saturday May 21, 2022, New Delhi

Indian Railway Finance Corporation Limited (IRFC) on Friday posted a 37.90 per cent growth in its profit after tax at Rs 6,090 crore in 2021-22

Paytm's March Quarter Revenue Surges 89%, EBITDA Before ESOPs Improves

Paytm's March Quarter Revenue Surges 89%, EBITDA Before ESOPs Improves

Press Trust of India | Saturday May 21, 2022

Revenue from operations of One97 Communications, the parent company of Paytm, jumped by about 89 per cent to Rs 1,540.9 crore during the March quarter

NTPC Net Profit Surges 12% To Rs 5,199 Crore In March Quarter

NTPC Net Profit Surges 12% To Rs 5,199 Crore In March Quarter

Press Trust of India | Friday May 20, 2022, New Delhi

State-owned power giant NTPC on Friday posted a nearly 12 per cent jump in consolidated net profit to Rs 5,199.51 crore in the March quarter, mainly on the back of higher revenues.