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The Free Press Journal Business News

  • Business

    Dalmia Bharat Q1 consolidated net profit up 45% to Rs 277 cr aided by sales volume growth, lower base

    Cement maker Dalmia Bharat on Tuesday reported 45.02 per cent increase in consolidated net profit at Rs 277 crore for the first quarter ended June 30, 2021, helped by sales volume growth and a lower base.The company had posted a net profit of Rs 191 crore in April-June period a year ago, Dalmia Bharat said in a regulatory filing.Read all the...

    • 12 min ago
  • Business

    Govt receives complaints of bottled water, packaged food being sold at rates higher than MRP

    The government on Tuesday said it has received some complaints of bottled water, packaged food and drinks being sold at prices higher than the maximum retail price. In a written reply to Lok Sabha, Minister of State for Food and Consumer Affairs Ashwini Kumar Choubey said there are provisions in the Legal Metrology Act 2009 and the Legal Metrology...

    • 23 min ago
  • Business

    Kirloskar feud: SC orders status quo on civil suit, Bombay HC order

    The Supreme Court Tuesday ordered status quo in the Kirloskar Brothers Ltd family feud related to assets wherein KBL's CMD Sanjay Kirloskar has challenged the Bombay High Court order directing arbitration in the case.The apex court's status quo will also extend to the proceedings in the Pune civil court on KBL seeking damages for violation of the family deed.

    • 43 min ago
  • Business

    Reckitt says Harpic, Dettol reported strong revenue growth in India in H1 2021

    British FMCG major Reckitt (earlier RB) on Tuesday said its toilet cleaner brand Harpic has reported a double-digit growth in the Indian market in the first half of 2021.The company also said that the revenue growth of disinfectant brand Dettol's "remained strong" in India during the first six months of 2021. "In India, Dettol's largest...

    • 54 min ago
  • Business

    Glenmark Life Sciences IPO subscribed 2.78 times on day 1 of issue

    The initial public offer of Glenmark Life Sciences Limited was subscribed 2.78 times on the first day of subscription on Tuesday.The IPO received bids for 4,17,79,260 shares against 1,50,18,279 shares on offer, as per data available with the NSE.The non-institutional investors' category was subscribed 86 per cent and those for retail individual investors(RIIs) 5.17 times....

    • an hour ago
  • Top news

    Tata Motors deploys 10,000th unit of new Safari from Pune plant

    Automobile major Tata Motors on Tuesday rolled out the 10,000th unit of the new Safari from its manufacturing facility in Pune.According to the company, after the 100th rollout in February 2021, the last 9,900 units of the new Safari were rolled out in less than four months.The automaker attributed strong customer response supporting the accelerated production trend.

    • an hour ago
  • Business

    BSES' 50% power portfolio to turn green by 2024, say sources

    Reliance Infrastructure-led BSES is set to turn around 50 per cent or 3,300 MW of its power portfolio green by 2024, sources said.Green portfolio of BSES, comprising pure play renewable energy and hydro power, will make it one of the greenest discoms in the country.Recently, BSES signed agreements with SECI to procure 510 MW of solar and hybrid power at less than Rs 2.50/unit. The...

    • an hour ago
  • Business

    Hyundai Motor India says invested over $4 bn in India over last 25 years

    Automobile manufacturer Hyundai Motor India Ltd on Tuesday said it has invested over $4 billion in India in the last 25 years.The company is observing 2021 as its 25th year of commencing operations in India."Hyundai Motor India has invested over $4 billion in India and has 17 regional offices and 2,449 customer touchpoints across India," it said.

    • 2 hrs ago
  • Business

    Teji Mandi Explains: China's ed-tech sector bites the dust as govt intensifies attack on homegrown digital companies

    China is at it again: Attacking and demolishing its very own companies that have been a flag barrier of China's growth story. The latest salvo is fired towards the thriving ed-tech sector in the country, which is a $100 billion industry. In a new policy initiative, China has asked its ed-tech firms to turn into non-profit...

    • 2 hrs ago
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    IndusInd Bank Q1 consolidated net profit doubles to Rs 1,016 cr on higher loan growth, lower provisions

    Private sector lender IndusInd Bank on Tuesday reported doubling of its consolidated net profit to Rs 1,016.11 crore in the June 2021 quarter, aided by healthy growth in retail loans and lower NPA provisioning.The bank had posted a net profit of Rs 510.39 crore in the corresponding quarter of the previous financial year. Its total income...

    • 2 hrs ago

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