Page 18 - Companies

Kansai Nerolac Paints net profit falls 13% to Rs 108.97 cr in Dec quarter

Kansai Nerolac Paints Ltd on Friday reported a 13 per cent decline in consolidated net profit at Rs 108.97 crore in the December quarter, impacted by higher expenses. The company had posted a consolidated net profit of Rs 125.32 crore in the year-ago period, it said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,826.81 crore as against Rs 1,810.35 crore in the corresponding period last fiscal, it added. Total expenses were higher at Rs 1,684.74 crore as compared to Rs 1,648.39 crore in the same quarter last year. "The quarter witnessed good demand in automotive coatings. Demand in decorative was impacted on account of early Diwali, extended monsoons and higher than normal channel stocking due to price increases during October 21 and November 21," Kansai Nerolac Paints Managing Director Anuj Jain said. Raw material prices showed a decline during the quarter, which continued to witness a high exchange volatility with the ru

Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22

IT services firm reports rise in headcount, says voluntary attrition declining

No immediate impact from Hindenburg on Adani firms' credit profiles: Fitch

Rating agency will be monitoring group firms closely for major changes in their access to finance, the cost of financing, regulatory/legal developments and ESG-related matters

DTH companies say they will raise prices gradually, not in one go: Report

Broadcasters have been complaining that the price of TV content has not seen any increase since 2019

Tata Sons exploring ways to get out of upper layer NBFC list: Report

Since the collapse of IL&FS in 2018, the RBI has been gradually tightening the regulatory framework for NBFCs

The decision on FPO will not have any impact on our operations: Adani

Adani Enterprises to review capital raising plans once shares stabilise

Apple once again dominates smartphone profit, collects record 85% share

The smartphone industry churns on notoriously thin margins for handset manufacturers - eliminating storied but uncompetitive brands like Nokia, BlackBerry, Palm and HTC over the years

No near term respite for Jubilant FoodWorks, stock down 11% over 2 sessions

Weak consumer sentiment, higher inflation is hurting sales

Google workers stage rallies against job cuts, low wages on US coasts

The protest in New York, which drew about 50 employees outside a Google store on Ninth Avenue, began just minutes after parent company Alphabet Inc. reported fourth-quarter results

Gautam Adani in talks to prepay share pledges to boost confidence: Report

The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, according to the person

Gautam Adani backers from New York to Tokyo dissect and limit exposure

The billionaire's interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research's fraud allegations last week

Adani's $108 billion crisis shakes foreign investors' faith in India

The Adani Group has shed $108 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report

Budget 2023: Tax on high-premium policy may hit life insurers' top line

The stocks of life insurance companies reacted sharply to the announcement of the finance minister on Wednesday, with most scrip witnessing around 10 per cent fall in a day

Sebi bans FFSPL, its directors from securities markets for 3 years

Sebi on Thursday barred Finassure Financial Services Pvt Ltd (FFSPL) and its directors from the securities market for up to three years for providing unauthorised investment advisory services. The directors of FFSPL are Amit Sharma and Saket Sharma. In addition, they have been asked to refund Rs 61.39 lakh collected from their clients as fees in respect of their unregistered investment advisory services "jointly and severally". In its order, Sebi found that noticees (FFSPL, Amit and Saket) were providing investment advisory services without obtaining a registration certificate from the regulator, which was in violation of the provisions of Investment Advisers (IA) rules. The order revealed that Rs 61.39 lakh were credited in the accounts of FFSPL between February 2014-2017. "I find that FFSPL through its website was carrying out investment advisory activities without having a valid certificate of registration from Sebi. Therefore, FFSPL has violated the IA regulations," Sebi's ...

Frostbite amid funding winter for start-ups: Experts rue angel tax

Industry watchers believe that early-stage start-ups will bear most of the brunt, as the segment witnesses comparatively higher deviation in allotted share prices and FMV

Budget 2023: 80,000 start-ups exempt from angel tax, says govt

The Union Budget 2023 on Wednesday proposed to extend the angel tax provisions to transactions involving foreign investors

Viacom18 turns to Jio playbook for IPL digital broadcast this year

Men's and women's T20 leagues to be offered free on JioCinema app; 16 feeds in 12 languages, multi-camera angles, 4K broadcast among tech innovations

Britannia to opt for promotional offers instead of price cuts: Varun Berry

In FY22 and FY23, the company increased prices in order to pass on rising raw material costs to the consumer

Rs 1,500 crore of Adani Enterprises short-term debt to mature by April 27

The fall was triggered by short seller Hindenburg Research's accusation against the group of accounting fraud and stock manipulation

Patent infringement: HC orders Triveni Chemicals to pay Rs 2 cr to Pfizer

Pfizer Inc. and its group companies had filed a suit in the court against Triveni Interchem Private Limited & others accusing the for infringing their patent(IN 218291) for the compound Palbociclib