Corporate News
Wockhardt Reports Net Loss of Rs 73 Crore in July-September Quarter
The standalone net loss stands at Rs 107 crore, according to the company's exchange filing. In the same quarter of the previous financial year, Wockhardt had reported a net loss of Rs 207 crore.
National Insurance Returns to Profitability, Records Rs 44.82 Crore H1 PAT
The company closed the first half of the current fiscal with a gross premium income of Rs 8,668.34 crore, compared to Rs 8,129.74 crore in the corresponding period of the previous year.
ONGC Declares Interim Dividend as Q2 Net Profit Surges to Rs 13,734 Crore
The board has proposed an interim dividend of Rs 5.75 per share for the current financial year, with November 21 set as the record date.
LIC Reports Q2 Net Decline to Rs 7,925 Crore
According to a regulatory filing, LIC, which is government-owned in India, reported a net premium of Rs 107,397.76 crore for the quarter ending September 30, 2023, compared to Rs 132,104.13 crore in the same period in the previous fiscal year.
Coal India Achieves Rs 6,800 Crore Net Profit in July-September Quarter
This growth is attributed to higher sales compared to the same quarter last year when the company recorded a net profit of Rs 6,043.55 crore.
SAIL Bounces Back with a Profit of Rs 1,306 Crore in Q2
SAIL achieved a 13% growth in consolidated revenue from operations, reaching Rs 29,712 crore in Q2FY24, compared to Rs 26,246 crore in Q2FY23.
Hindalco Records Q2 Profit After Tax of Rs 847 Crore
According to the regulatory filing, the company achieved operational revenue of Rs 20,676 crore for the quarter ending September 30, 2023, compared to Rs 18,382 crore in Q2FY23.
SoftBank Surprises with $6.2 Billion Loss Following WeWork Bankruptcy
This development compounds challenges for shareholders and founder Masayoshi Son, particularly following WeWork's recent bankruptcy filing—one of the group's significant investments.
Bata India Sees Net Profit Decrease to Rs 34.48 Crore Due to VRS Expenditure
The net profit for this period stood at Rs 34.48 crore, down from Rs 51.1 crore reported in the same period in the previous year.
BHEL Records Rs 238 Crore Loss in July-September Quarter
This contrasts with the profit of Rs 12.10 crore the company had achieved in the same quarter of the previous year.
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