Photo: The Hindu
Reliance Announces Reward To Its Employees After Profit
Good news to Reliance employees, the company allotted 15,000 shares worth Rs 1,50,000 as stock options, the company announced through an exchange filing. The shares worth Rs 10 each were allotted under the Employee Stock Option Scheme 2017. The announcement came as a reward to the employees. Notably, the company in the fourth-quarter-financial year 2023 reported a jump in total income to Rs 2,19,294 crore, with 21,374 crore net profit.
Tags: Reliance, Indian Business, net profit, Shares, Stock & Shares
Courtesy: The Free Press Journal
Photo: NationaWorld
Bitcoin Falls More Than 4%, Nearing $60,000 In A Day
Bitcoin, the world's biggest and best-known cryptocurrency, reportedly fell to more than 4 percent on November 16. According to reports, the cryptocurrency was seen at an all-time high for a week nearing $69,000. Ether, the second-largest cryptocurrency was also reported to be down by 4.5 percent at $4,355.4. Analysts have said that the downfall is caused by profit-taking after the sharp run-up.
Tags: Bitcoin, Ether, Cryptocurrencies, net profit, cryptocurrency polygon
Courtesy: Reuters
Photo: Khadims
Khadim India's Revenue Grows By 83% In Q2FY22 From Q1FY22
Indian footwear company Khadim announced that it has registered a growth of 83% in the second quarter of the financial year 2022. The revenue increased from Rs 882.30 million in Q1FY22 to Rs 1616.46 million in Q2FY22. The company registered a net profit of Rs 64.75 million in Q2FY22 compared to a loss of Rs 108.90 million in Q1FY22. ''We're looking forward to doing good business,'' said CEO Ashok Chotrani.
Tags: Khadim India, revenue, net profit, footwear, Q2 2022
Courtesy: ANI
Photo: Tech Circle
HCL Technologies Q3 Results: Net Profit Up By 3.9% At Rs 3,265 Cr
HCL Technologies has reported a net profit of Rs 3,265 crore in the September quarter, on October 14. The profit is said to have increased by 3.9%, and has surpassed Bloomberg consensus, which is estimated to be Rs 3,196.50 crore. It has also signed 14 new large deals worth $2.3 billion in the September quarter and has also retained its EBIT margin in the range of 19-21%.
Tags: HCL Technologies, net profit, Noida, business, Technology
Courtesy: LiveMint
Photo: MediaNews4U
Network 18 Witness Profit In Shares Over 6%
After experiencing a loss of Rs 60.60 crore in 2020, media firm Network 18 Media & Investments have witnessed a 6% rise in its share on June 22. The company reported a combined profit of Rs 121.51 crore. “Growing engagement on our platforms across TV and Digital make us confident of delivering for all our stakeholders even amidst a choppy environment,” said Adil Zainulbhai, Chairman of Network18.
Tags: business, share price, network 18, net profit, consolidated Net Profit
Courtesy: Money Control
Photo: Business World
Sonalika Tractors Logs Highest Domestic Growth In Industry
Tractor manufacturing giant Sonalika tractors reported sharp growth in their annual sales after selling 1,39,526 units in the FY21 with a 41.6% growth in the domestic market. Reportedly, about 13,093 tractors were sold in March 2021 which is triple the number sold in March 2020, registering a 135% growth in their Rotavator business. Elated by the success, Deepak Mittal, MD, Sonalika Group thanked his team and distributors.
Tags: CNG Tractor, FISCAL YEAR, net profit, bussiness
Courtesy: NDTV
Photo: The Economic Times
IDFC First Bank Rebounds With Net Profit Of Rs 130 Crore In Q3
IDFC First Bank has rebounded with a net profit of Rs 130 crore for the third quarter ended on December 31, 2020, as against a net loss of Rs 1,639 crore previous fiscal. Notably, the bad loans or non-performing assets of the bank have also reduced to 1.33% from 2.83% a year ago. The bank also reported of reaching 98% of its pre-COVID collections and improvement in Net Interest Margin and quarterly NPA.
Tags: QUARTER PROFITS, IDFC First Bank, net profit, business
Courtesy: Livemint
