DlF Q1 profit jumps over 2-fold to Rs261.42 cr
New Delhi: India’s largest realty firm DlF ON Monday reported more than two-fold jump in consolidated net profit to Rs 261.42 crore
for the quarter ended June 30, helped by sale of its cinema business to PVR. Its net profit had stood at Rs125.87 crore in the April- June quarter of last financial year. Income from operations fell by 22 per cent to Rs1,867.46 crore during the first quarter of the current fiscal, from Rs2,388.72 crore in the year-ago period. DlF’s total income declined however to Rs2,025.58 crore for the quarter ended June, 2016-17, from Rs2,520.02 crore in the year-ago period. The company’s finance cost increased to Rs747.84 crore from Rs621.82 crore during the period under review.
Dattatreya briefs PM on union strike status
New Delhi: labour Minister Bandaru Dattatreya is believed to have briefed Prime Minister Narendra Modi on Monday on the proposed nation-wide stir by unions on September 2. Dattatreya has also updated Modi on assurances given by the Government on the 12-point charter of demands of the central trade unions (CTUs). The labour minister has briefed the Prime Minister on the strike next month and the status of the charter of demands that includes a minimum wage of Rs18,000, among others, a source said.
Motorcoats India plans to invest 85 crore
New Delhi: Motorcoats India, an emerging automotive aftermarket technology brand, has planned an investment of Rs85.69 crore to expand it’s footprint across 36 more cities by opening 65 more studios along with Research and Development wings. Bifurcating the financials, around Rs32.5 crore would be spent on setup of these studios along with Rs53 crore of operational and R&D cost.