HCL TechHCL Technologies, an IT services company, has tripled its consolidated net profit to Rs 3,593 crore in the fourth quarter ended March 2022. HCL Board has announced an interim dividend of Rs 18 per share for the financial year 2022-23.
Paytm: Paytm owner One97 Communications yesterday released a partner update. This indicates that retail shareholders have doubled their stake in the company. The Board of Investment of the Pension Scheme of Canada (CPPIB) has increased its stake in Paytm from 1.57 to 1.71 per cent for the quarter ended March 2022, according to the regulatory filing.
L&T Technology ServicesL&T Technology Services rose 34.7 per cent to Rs 262 crore for the quarter ended March 2022.
ICICI Lombard GeneralICICI Lombard General Insurance reported 10 per cent decline in net profit at Rs 313 crore for the fourth quarter ended March 2022. The non-life insurer had a net profit of Rs 346 crore during the same period.
Barbeque Nation: Investment company Menu Pvt Ltd has delisted 1.30 per cent stake in ordinary food chain Barbecue Nation for Rs 59 crore through an open market transaction.
Tata Communications: Tata Communications, a digital connectivity solutions company, has reported 22 per cent growth in consolidated profit at Rs 365 crore for the quarter ended March 2022. The company had posted a net profit of Rs 299.2 crore in the same period a year ago.
Future Retail: Lenders, which account for most of the debt-ridden Future Group’s debt, yesterday rejected a plan to sell its retail, wholesale and logistics assets to Reliance Retail Ventures Ltd after Reliance Industries Ltd reduced its unit contract value.
TVS Motor: TVS Motor Company yesterday announced that it has invested a total of 100 100 million in the UK’s best sporting motorcycle Brandana Norton Motorcycles.
ITC: ITC Ltd. has chosen to raise the price of its tariffs partially. This is because the company, which manufactures India’s fastest moving consumer goods, has announced that it is trying to reduce the burden on buyers. Kolkata-based ITC, which earns 28% of its revenue from sales of consumer products, sells products such as chips, cookies and soap.
Ralis IndiaRallis India, a subsidiary of Tata Chemicals, yesterday reported a consolidated loss of Rs 14 crore for the March quarter on a number of challenges, including the seed business. The company had posted a consolidated profit after tax of Rs 8 crore in the same quarter last fiscal, according to a statement issued by Raleigh India on the Sensex.