Film exhibition firm PVR Ltd on Thursday reported a consolidated net profit of Rs 16.15 crore for the third quarter ended December 31, 2022, helped by growth in key operating…
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Sun Pharma to acquire US-based Concert for $576 mn
Sun Pharmaceutical Industries Limited said on Thursday it will acquire US-based Concert Pharmaceuticals for $576 million in cash to gain access to an experimental drug for treating patchy baldness. Concert’s…
‘In the hope of revenge if laid off’: Amazon developer approves co-worker’s code with bug
In an attempt to take revenge by breaking the company’s product in the case of a layoff, an unidentified Amazon developer approved a co-worker’s code with a bug in it. …
Davos 2023: Vedanta’s mega semiconductor plant’s groundbreaking ceremony in 30-40 days, says Anil Agarwal
The groundbreaking ceremony of Vedanta-Foxconn’s semiconductor plant in Gujarat will happen in 30-40 days, Vedanta chairman Anil Agarwal said on Thursday. “We are looking to have a ground-breaking ceremony in…
Sebi probes YES Bank, Nippon Mutual Fund investments, suspects misuse of investor money: Report
Market regulator Sebi is investigating investments between Nippon India Mutual Fund and YES Bank between 2016 and 2019 for suspected misuse of investors’ money, Reuters reported quoting sources. As per…
Govt in advanced talks with industry for setting up international aviation hub in India, says Jyotiraditya Scindia
The government is seriously pursuing its target of establishing an international aviation hub in India and was already in advanced talks with a couple of Indian carriers and an airport…
Rashi Peripherals files DRHP for Rs 750 crore IPO with Sebi
Rashi Peripherals Limited has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering…
Sensex snaps 2-day winning run, below 61k, Nifty at 18,108; Adani Enterprises, Asian Paints tank up to 4%
Domestic equity indices snapped the two-day winning run and settled lower on Monday amid the weaker global cues and select bluechip counters including IndusInd Bank, Asian Paints, Kotak Mahindra Bank…
HUL Q3 profit jumps 12% to Rs 2,505 crore; FMCG major raises royalty payment to Unilever
Hindustan Unilever (HUL) on Thursday reported a double digit rise in year-on-year (YoY) top and bottom-line growths for the December quarter and announced an increase in royalty payments to parent…
Asian Paints Q3 results disappoint Dalal Street. Here’s what investors should do
Asian Paints Q3 results came in less-than-market expectations, leading to a 3 per cent correction on the counter on Thursday. Analysts said a re-rating on the counter looks unlikely but…