LiveIPO-Bound Fabindia Narrows Loss, Revenue Up 29% in FY22
Fabindia narrowed its losses after sales rose 29% in FY22, reversing a contraction in revenue in the first year of the pandemic. The ethnic retailer...
Category : BUSINESS
India Gets Rs 35,000 Crore from Discounted Russian Crude
According to the Times of India, India has made nearly Rs 35,000 crore by importing Russian crude oil at a discount since the outbreak of...
SAL Steel Plans to Supply Ferro Chrome to AIA Engineering
Today, SAL Steel announced a supply agreement with AIA Engineering (AIA) for three years of Ferro chrome on a non-exclusive basis. Also, the company has...
Oyo’s Revenue Rises 18% in FY22, Net Loss to Rs 1,851 Crore
Online hotel aggregation platform Oyo‘s operating revenue rose 18% to Rs 4,905 crore in FY22 from the previous year, while its net loss narrowed by...
Adani Transmission Ltd Surges 2.68%
On Monday, Adani Transmission Ltd rose 2.68 per cent, trading at Rs 4200. Adani Transmission Ltd has added 15.35 per cent in August compared to...
Nornickel to Increase Employees’ Stake in Mining Giant
Nornickel, the Russian mining giant, intends to raise the equity holdings of employees and other individuals to collectively comprise 25 per cent of the company,...
Adani Group Beats Tata Group in Market Capitalisation
Adani Group overtook Tata Group to become India’s most valuable business company. Completing the acquisition of Ambuja Cement and ACC (NSE -4.96%) helped Adani overtake...
Centre Reduces Windfall Tax on Oil to Rs 10,500 Per Tonne
Yesterday, the government increased the windfall tax on the sale of domestic crude oil by a sharp 21 per cent to Rs 10,500 a tonne....
Welspun Enterprises Grants 4 Lakh Stock Options Under ESOP
Yesterday, Welspun Enterprises granted 4,00,000 stock options under the ESOP scheme. On August 4, Welspun Corp granted 11 lakh stock options under ‘Welspun Employee Stock...
Adobe to Acquire Figma in $20 Billion Deal
On Thursday, Adobe announced that it would buy collaborative design software company Figma for about $20 billion – that makes it Adobe’s biggest deal to...