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The company will monetise the investment in Future Generali India Insurance Company to its Joint Venture partner, Generali Participations Netherlands N. V. for a cash consideration of Rs1252.96cr.

Cipla reported a 2.6% decline in consolidated net profit to Rs 729 crore in Q3 FY22 from Rs 748 crore posted in Q3 FY21.

The International Monetary Fund, in its latest World Economic Outlook report on Tuesday has revised Indias economic growth forecast for the ongoing financial year FY22 to 9%. IMF forecasted Indias real GDP growth at 9.5% in October 2021 and has downgraded it by 0.5 percentage points on the possible impact of the Omicron variant of Covid-19 on mobility restrictions and business activities. Besides, IMF has […]

The company has also started its gradual country expansion by distributing its products in new states.

Deccan Gold Mines announced that Australian Indian Resources (AIR) has entered into a management consultancy agreement with Avelum Partners, Kyrgyzstan (Avelum). This consultancy agreement is for a period of one year with a provision for renewing it annually. It may be noted that Avelum is operating an open pit gold mine in Kyrgyzstan. AIR will be the management consultant for this gold project. Its role […]

COMEX Gold futures turned sharply lower yesterday. The metal tanked from a two month high above $1850 per ounce as the US Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what US central bank chief Jerome Powell pledged will be a sustained battle to tame inflation. Citing elevated […]

The company’s revenues surged forward to Rs2021cr, up by 130.08 % yoy leading to a higher Net Profit at Rs371cr, up by 167.99% yoy.

The award has gone in favor of JITF Urban Waste Management (Ferozepur) Limited.

Of Rs.10 per share

The companys consolidated net profit rose 55.68% to Rs 505.54 crore on 55.64% rise in net sales to Rs 3314.14 crore in Q3 December 2021 over Q3 December 2020.