Mukesh Ambani

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.

Thu, 27 Apr 2023 - 10:54 AM / by Varsha Joshi

Tags: Reliance, Indian Business, net profit, Shares, Stock & Shares


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.   

Tue, 16 Nov 2021 - 02:15 PM / by SAM RAHUL RAJASHEKHAR

Tags: Bitcoin, Ether, Cryptocurrencies, net profit, cryptocurrency polygon

Courtesy: Reuters

Khadim showroom

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.

Fri, 12 Nov 2021 - 05:01 PM / by Brijesh Goswami

Tags: Khadim India, revenue, net profit, footwear, Q2 2022

Courtesy: ANI

HCL Technologies

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%. 

Fri, 15 Oct 2021 - 11:28 AM / by Nehal Surana

Tags: HCL Technologies, net profit, Noida, business, Technology

Courtesy: LiveMint

Network 18

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.

Fri, 23 Jul 2021 - 08:17 PM / by Balaji L

Tags: business, share price, network 18, net profit, consolidated Net Profit

Courtesy: Money Control

Deepak Mittal, Managing Director, Sonalika Group

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.

Sun, 04 Apr 2021 - 02:13 PM / by Neha Sanjeev

Tags: CNG Tractor, FISCAL YEAR, net profit, bussiness

Courtesy: NDTV

IDFC First Bank

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.

Sun, 31 Jan 2021 - 11:37 AM / by Nikita Thakur

Tags: QUARTER PROFITS, IDFC First Bank, net profit, business

Courtesy: Livemint