Fri, Feb 5, 2021 12:56 PM
Kisho Capital introduces rolling fund to invest in 20 start-ups annually
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STOCKHOLM: Swedish builder Skanska reported a smaller-than-expected rise in operating earnings for the first quarter on Wednesday as profits in its bread-and-butter construction business recorded a year-on-year fall, hit by costs in Britain. The Nordic region's biggest construction group said operating earnings rose to 497 million crowns ($45.6 million) from a year-ago.
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BSE posted a 16.5 percent jump in consolidated net profit at Rs 107 crore in the quarter ended March 31 as against Rs 92 crore in the year-ago period, the stock exchange said in a statement on May 8. The exchange’s profit for the full year surged 86 percent to Rs 410.9 crore as compared to Rs 221 crore in the previous year, said BSE.Its revenue was the best-ever at Rs 1,618 crore in FY24.
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Piramal Enterprises, the financial services arm of the Piramal Group, wrote back Rs 1,067 crore from provisions for its holdings in alternative investment funds (AIF) in keeping with guidelines issued by the Reserve Bank of India.“We wrote back Rs 1,067 crore from the provisions and made a recovery of Rs 450 crore in Q4,” Jairam Sridharan, managing director of Piramal Finance, said on a post.
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