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TATA Motors to hike prices of passenger v4ehicles by 1.2% from February :

Tata Motors Ltd said on Friday it would hike prices of its passenger vehicles by 1.2% on a weighted average basis from 1 February, citing a rise in overall input costs.

The company has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled the company to pass on some proportion through this minimal price hike. While the price increase will vary as per individual model and variant, it will be applicable across the entire range of commercial vehicles, the auto major said in a statement.

Bajaj Finance Q3: Profit surges 40% to ?2,973 cr, revenue up by 26%.

Bajaj Finance on Friday reported 40 per cent rise on consolidated net profit to ?2,973 crore for the December quarter. This is against a net profit of ?2,125.29 crore in the corresponding quarter last fiscal. The total revenue from operations increased 26.3 per cent on year to ?10,784.30 crore as against ?8,539.13 in the year ago period.

The net interest income (NII) increased 22 per cent on year to ?7,435 crore to from ?6,005 crore in Q3 FY22. The assets under management grew by 27% to ?168,359 crore as of 31 December 2022 from ?132,913 crore as of 31 December 2021.

Vedanta Q3 result: Net profit plunges 41% to Rs 2,464 crore; announces dividend of Rs 12.5.

Vedanta Limited on January 27 reported a 40.81% drop in consolidated net profit for the quarter ended December 2022 at Rs 2,464 crore from Rs 4,164 crore in the same quarter last year. The revenue from operations came in at Rs 33,691 crore, down 0.01 percent from Rs 33,697 crore in the corresponding quarter a year ago, the company said in an exchange filing. The Board of Directors of the Company also approved the fourth interim dividend of Rs 12.50 per equity share amounting to Rs 4,647 crore. The record date for the purpose of payment of the dividend is February 4, 2023.

Aditya Birla Sun Life AMC Q3 Results: Profit after tax drops 11% to Rs 166 cr:

Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022. In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing.

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