Crisil affirms AA-negative, A1-plus on Vedanta's debt instruments, bank facilities; operating profitability in FY21 likely to be lower
• 5 years agoVedanta is expected to undertake cash preservation measures such as reduced capital expenditure (capex) and limited dividend payout in fiscal 2021.
Dr Reddy's Q4 profit jumps 76% to Rs 764 cr on higher sales in US, Europe; revenue up 10% at Rs 4,432 cr
• 5 years agoDr Reddy's said various initiatives have been undertaken to ensure that our manufacturing-related operations continue unabated enabling it to serve the patients.
Taking Vedanta private will give Anil Agarwal-controlled parent firm access of company cash; deal credit positive: Moody's
• 5 years agoOn 18 May, Agarwal-chaired board of directors of Vedanta Ltd approved its parent, VRL's open offer.
Adani Gas Q4 profit up 61% at Rs 122 cr; pandemic impacts current demand for CNG, PNG from industrial segment
• 5 years agoAdani Gas said it will ensure that during this period of crisis, the supply of PNG and CNG is maintained without any interruption.
Novelis Q4 sales dive 12% to $2.7 bn as commodity prices fall, shipments decline; firm on capacity additions
• 5 years agoFor the full year, Novelis net sales decreased 9 percent from the prior year to $11.2 billion, driven by lower average LME aluminum prices and local market premiums.
Fitch downgrades Tata Motors, cites cash flow issues; move to have negative impact on company's debt profile
• 5 years agoThe negative outlook reflects risks to Tata Motors' financial profile from a prolonged pandemic that can result in further deterioration in its profitability.
NCLAT allows JSW Steel to acquire Bhushan Power for Rs 19,700 cr; grants immunity from prosecution by ED
• 5 years agoA two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immuned from the acts done by the former promoters of Bhushan Power & Steel.
Exclusive: Oyo’s Ritesh Agarwal opens up about job losses, Aditya Ghosh, governance issues, and SoftBank’s role
Sunny Sen • 5 years ago“This is the first time I am doing an interview, but I have been open all throughout.”
RIL consolidated profit surges 13.5% to record Rs 11,640 cr in Q3 on strong growth in telecom, retail verticals
Fp Staff • 5 years agoConsumer businesses, which till last year accounted for a quarter of RIL's pre-tax profit, contributed a third of EDITDA in the third quarter.
Ashok Leyland shares plunge 7% in early trade after company reports 93% plunge in Q2 results
• 5 years agoRevenue stood at Rs 3,929 crore for the second quarter, down 48% as compared with Rs 7,621 crore in the year-ago period, Ashok Leyland said in a regulatory filing.