UltraTech Cement Q2 net slides 42% to ₹756 crore

UltraTech Cement Q2 net slides 42% to ₹756 crore

The company reported a consolidated net sales of ₹13,596 crore as compared to ₹11,743 crore in the same period last year, up 16% The company reported a consolidated net sales of ₹13,596 crore as compared to ₹11,743 crore in the same period last year, up 16% UltraTech Cement Ltd. reported a 42% drop in consolidated net profit […]

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Adani Group proposes ₹41,653 crore alumina refinery in Odisha 

Adani Group proposes ₹41,653 crore alumina refinery in Odisha 

High level clearance committee headed by Odisha CM gives approvals to 10 industrial projects that entail investment of ₹74,620.18 crore  High level clearance committee headed by Odisha CM gives approvals to 10 industrial projects that entail investment of ₹74,620.18 crore  A High-Level Clearance Authority (HLCA) chaired Chief Minister Naveen Patnaik approved 10 industrial projects worth […]

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VIL shareholders approve ₹436 crore equity allocation to Vodafone

VIL shareholders approve ₹436 crore equity allocation to Vodafone

Debt-ridden telecom operator Vodafone Idea’s shareholders have approved an equity allocation worth ₹436.21 crore to its promoter entity, the Vodafone Group. As per voting results submitted to the stock exchanges on Friday evening, 99.94% of Vodafone Idea (VIL) shareholders approved allocation of the equity to Vodafone Group firm Euro Pacific Securities. Vodafone Group at present […]

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Grasim Q4 profit rises 62%, board recommends ₹10 per share in dividends

Grasim Q4 profit rises 62%, board recommends ₹10 per share in dividends

Grasim Industries Ltd. of the Aditya Birla Group said consolidated fourth-quarter net profit after exceptional items grew 62% year-on-year to ₹2,777 crore following “a robust quarterly performance”, the company said in a press release. Revenue climbed 18% to ₹28,811 crore. For the financial year 2022, Grasim reported a 75% increase in net profit to ₹7,550 […]

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GIC arm to invest ₹2,195 crore in Aditya Birla Fashion & Retail

GIC arm to invest ₹2,195 crore in Aditya Birla Fashion & Retail

The board of Aditya Birla Fashion and Retail Limited (ABFRL) on Tuesday approved raising of up to ₹2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (GIC) GIC will invest ₹770 crore now towards subscription of equity and warrants, followed by up to ₹1,425 […]

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