Avenue Supermarts: Avenue Supermarts Ltd, which owns and operates DMart stores across the country, on Saturday reported 87.61 per cent year-on-year fall in its consolidated net profit at Rs 40 crore for the April to June quarter.
Infosys: Old National Bancorp, the largest financial services bank holding company headquartered in Indiana, and Infosys announced a strategic partnership that will enable faster adoption of digital solutions, modernize ONB's existing technology infrastructure, and enhance both the client and employee experience.
Vodafone Idea: Vodafone Idea has repaid Rs 2,850 crore to its non convertible debenture (NCD) holders on maturity, a company executive said. The payout was made to mutual fund schemes of Franklin Templeton, UTI and Nippon, which had exposure to debt paper of the troubled telecom company.
Biocon: Biopharmaceutical major Biocon on Saturday said it has received the Drugs Controller General of India’s (DCGI) approval to market its novel biologic drug Itolizumab for treatment of patients with moderate to severe Covid-19 complications.
IRCTC: The company's profit came in at Rs 150.6 crore, up 79 per cent YoY while total income rose 5.14 per cent.
IRCON: Miniratna public sector enterprise Ircon International has clocked 27 per cent growth in its standalone profit after tax of Rs 122 crore in the fourth quarter ended March (Q4 FY20) against Rs 96 crore in the corresponding period of previous fiscal.
SAIL: State-owned SAIL on Friday said its consolidated net profit jumped multi-fold to Rs 2,647.52 crore during the quarter ended March 31, helped by reduced expenses. The firm had posted a net profit of Rs 548.20 crore in the corresponding quarter of the previous financial year, the company said in a BSE filing.
Galaxy Surfactants: The company has has restarted operations at its units in Tarapur Location in a phased manner.
Bharti Airtel, Voda Idea: The telecom regulator has asked Bharti Airtel and Vodafone Idea to put on hold specific plans that promised faster speeds to certain priority users, as it questioned whether the network preference came at the cost of deterioration of services for other subscribers.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.