Tata Motors Q4 FY2019 drops 49 %, JLR business picks up pace

Tata Motors consolidated business (including commercial vehicles and Jaguar Land Rover) has recorded a downside of 49 per cent in profits in the last quarter of FY2019. Its net revenue in the... Read more »

Bharat Forge Q4 net profit increases threefold to Rs 299.5 crore

Auto components major Bharat Forge on Monday achieved a nearly threefold jump in its standalone net profit to Rs 299.5 crore for the March quarter. The company had reported... Read more »

Bank of India records Rs 252 cr Q4 profit as a result of reduction of bad loans

State-run Bank of India Thursday achieved a profit of Rs 251.79 crore for the fourth quarter ended March 2019 owing to reduction of bad loans. The bank had reported... Read more »

PNB Housing shares drops 5% after PNB cancels stake sale

Shares of PNB Housing Finance dropped over 5 percent on Friday after Punjab National Bank (PNB) has called off the deal to sell its stake in the company. PNB... Read more »

Infosys to allocate 50 million shares as an incentive to employees

India’s second largest IT firm Infosys Thursday said its board has curated an ‘Expanded Stock Ownership Program 2019’ that proposes to allocate five crore shares to incentivise employees based... Read more »

Ashok Leyland receives order for 400 minibuses worth Rs 80 crore from Senegal

Hinduja flagship firm Ashok Leyland Thursday said it has received an order from Senegal, to supply 400 minibuses worth 10.06 million euros (about Rs 80 crore). This order comes... Read more »

Ola fuels $60 million into international unit to undertake Australia, UK operations

Homegrown ride-hailing platform Ola revealed in its regulatory filings, sourced from Singapore’s Accounting and Corporate Regulatory Authority, that it pumped in about $60 million in its international operations in... Read more »

Tata Global Beverages and Tata Chemicals to combine and venture into a Consumer Products Company

The Boards of Directors of Tata Global Beverages Limited (“TGBL”) and Tata Chemicals Limited (”TCL”), at their respective meetings held today, have approved the de-merger of the Consumer Products... Read more »

Jaina Group joins hands with Japanese companies Sansui and Nakamichi to broaden its reach in India

Jaina Group, the Delhi based business conglomerate with interests in telecom and consumer durables has joint hands with the Japanese consumer electronics giants – Sansui and Nakamichi. This will... Read more »

IIFL Holdings consolidated profit shoots 23% to Rs 1,252.90 crore in fiscal year 19, revenue up 16%

IIFL Holdings on Wednesday achieved a 23 per cent year-on-year growth in consolidated profit after tax (PAT pre-minority) at Rs 1,252.90 crore for the financial year 2018-19, backed by... Read more »