Tata Power Trading, a subsidiary of Tata Power, and Singapore-based asset manager and operator Keppel have entered into a strategic collaboration to launch Cooling-as-a-Service (CaaS) solutions in India. CaaS offers businesses and building owners long-term, energy-efficient cooling solutions without the need for heavy infrastructure investment, enabling significant energy and cost savings, the companies said in
Godrej Consumer Products (GCPL) on Thursday reported a 13.5% year-on-year rise in consolidated net profit to Rs 491 crore for the quarter ended September 30 (Q2FY25), marginally below Street estimates of Rs 499 crore. Revenue from operations was up nearly 2% y-o-y to Rs 3,667 crore, which compares favourably with a Rs 3,631-crore estimate by
Petronet LNG on Thursday reported a surge of 4% in its consolidated net profit on year at Rs 848.99 crore in the quarter ended September. However, on a sequential basis, the company’s net profit declined by as much as 23% due to a decline in the revenue from operations. The company’s revenue from operations for
JSW Energy reported a flat net profit of Rs 853.26 crore in Q2FY25, marginally higher than the Rs 850 crore it posted in the same quarter last year. The net profit slightly exceeded Bloomberg’s consensus estimate of Rs 842 crore. Revenue from operations remained flat at Rs 3,238 crore in Q2FY25, compared to Rs 3,259
ITC Ltd on Thursday reported its fiscal second quarter earnings with profit at Rs 4992.87 crore, up 1.9 per cent in comparison to Rs 4898.07 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 22,281.89 crore, up 15.6 per cent as against Rs 19,270.02 crore during the same period of
The Reserve Bank of India has refused to approve Religare Enterprises’ application to appoint Rakesh Asthana as a director on its board, the company said in an exchange filing on Thursday. “…it is advised that your proposal to appoint Sh. Rakesh Asthana as a director on the board of Religare Enterprises Limited does not have
Adani Wilmar on Thursday reported its fiscal second quarter profit at Rs 311.02 crore in comparison to a loss of Rs 130.73 crore reported during the corresponding quarter of FY24. It posted revenue from operations at Rs 14,460.45 crore, up 17.9 per cent as against Rs 12,267.15 crore during the same period of previous financial
Amid Germany’s pressing need for skilled labour, upcoming talks between Prime Minister Narendra Modi and Chancellor Olaf Scholz are expected to concentrate on two major topics: the movement of Indian talent to Germany and the long-discussed India-EU Free Trade Agreement (FTA). With Germany facing a workforce shortage, these discussions which will take place in New
Demand concerns in urban areas that were flagged by most fast-moving consumer goods (FMCG) companies in the September 2024 quarter are now beginning to get worse. December 2024 quarter earnings of Hindustan Unilever (HUL), the country’s largest FMCG company and sector bellwether, point to this trend, as urban middle-class households cut back on expenditure, shifting
Chinese smartphone maker Oppo said the company is not keen on launching foldable phones in India presently as the demand is yet to pick up for the product segment across the industry. “Demand for foldable phones in India is not very high yet. Oppo’s launch of foldable phones in the country will depend on the
The anticipated changes to the H-1B visa programme under US President Donald Trump’s administration, including proposals to raise wage thresholds and introduce additional fees, are unlikely to have a significant impact on Indian IT companies. Over the years, Indian IT firms have adapted to evolving visa norms by hiring more local talent, reducing dependency on
The Securities and Exchange Board of India (Sebi) has sought responses to its ‘small-ticket systematic investment plan’, or the Rs 250 SIP, proposing that a part of the cost, incurred by asset management companies (AMCs), along with certain incentives, be compensated from the Investor Education and Awareness Fund. “Industry participants involved in the mutual fund
State-owned Bharat Sanchar Nigam (BSNL), which was seen gaining mobile users after tariff hikes by private telecom operators in July last year, has now started seeing subscribers loss, according to data by the Telecom Regulatory Authority of India (Trai). In November, the telecom operator lost 344,473 mobile users after continuously adding the subscribers for four
