Donald Trump (Photo: Bloomberg) By Tom Maloney Donald Trump’s business empire was supposed to be in peril like never before on Monday. Instead, it turned into the single-greatest day on record for the former president’s wealth. Facing a deadline to post a bond of more than $500 million in a New York… Continue reading Trump’s net worth hits $6.5 bn, making him one of world’s 500 richest | World News
Tag: net
PB Fintech’s net loss narrows to $1.4 mn in Q1 on loan, insurance demand
Revenue from operations rose 31.8% to 6.66 billion rupees, with revenue from Policybazaar and Paisabazaar, its core online business, growing 39% to 5.16 billion rupees. India’s PB Fintech the parent of online insurance aggregator Policybazaar, reported a narrower first-quarter loss on Monday on growing demand for insurance and loans. PB Fintech, which… Continue reading PB Fintech’s net loss narrows to $1.4 mn in Q1 on loan, insurance demand
India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales
Illustration: Ajay Mohanty Chennai-based India Cements has recorded a net loss of Rs 74 crore for the first quarter of FY24, following a decrease in sales and revenue. The company registered a net profit of Rs 84 crore during the same quarter in FY23. Its revenue from operations for the quarter under review… Continue reading India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales
Consolidated net profit falls 7% to Rs 318 crore
Illustration: Ajay Mohanty The consolidated net profit of Godrej Consumers Product Limited for the first quarter of the current financial year (Q1FY24) saw a fall of 7.62 per cent to Rs 318.82 crore, compared to Rs 345.12 crore for the corresponding quarter of the previous year, the company said in a BSE filing. … Continue reading Consolidated net profit falls 7% to Rs 318 crore
Axiscades back in black with consolidated net profit of Rs 5.70 cr in Q1
Representative Image (Illustration: Ajay Mohanty) Engineering solutions provider Axiscades Technologies has returned to black posting a consolidated net profit of Rs 5.70 crore during the quarter ended June 30, backed by higher income. It had clocked a net loss of Rs 31.69 crore during the April-June period of the preceding 2022-23 fiscal, the… Continue reading Axiscades back in black with consolidated net profit of Rs 5.70 cr in Q1
Punjab & Sind Bank Q1 net profit falls 25 pc to Rs 153 crore
Public sector lender Punjab & Sind Bank on Saturday reported a 25 per cent decline in net profit to Rs 153 crore for the June 2023 quarter, partly due to the provision of wage revision and fresh slippages. The lender had reported a net profit of Rs 205 crore in the April-June quarter… Continue reading Punjab & Sind Bank Q1 net profit falls 25 pc to Rs 153 crore
Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income
Public sector lender Bank of Baroda’s net profit rose by 87.7 per cent on a year-on-year (YoY) basis at Rs 4,070 crore in quarter ended June 2023 (Q1FY24) on robust growth in net interest income as well as non-interest income. Sequentially, the public sector lender’s profit went down from Rs 4,775 crore in… Continue reading Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income
Britannia Industries’ net profit up 35.6% as margins expanded in Q1
Britannia Industries’ net profit in the April-June quarter of FY24 increased 35.6 per cent to Rs 457.6 crore as its profit before interest, depreciation, and tax (PBIDT) went up 34.1 per cent. The Nusli Wadia group firm’s net sales in the quarter increased 8.6 per cent to Rs 3,969.8 crore. The maker… Continue reading Britannia Industries’ net profit up 35.6% as margins expanded in Q1
Century Ply net profit down by 12% to Rs 84 cr in April-June quarter
The company had reported a net profit of Rs 96.47 crore in the year-ago quarter. Leading plywood company Century Plyboards (India) Ltd on Friday reported a 12.8 per cent decline in standalone net profit at Rs 84.1 crore for the June quarter. The company had reported a net profit of Rs 96.47 crore… Continue reading Century Ply net profit down by 12% to Rs 84 cr in April-June quarter
Net collections under small savings schemes dip for first time in 11 years
Representative Image (Photo: Pexels) Net collections under small savings schemes such as National Savings Certificate (NSC) and Public Provident Fund (PPF) dipped for the first time in 11 years in the last fiscal year (FY23). Net small savings collections (deposits minus withdrawals by the subscribers) in FY23 stood at Rs 3.04 trillion, witnessing… Continue reading Net collections under small savings schemes dip for first time in 11 years