Company India NEWS. Stock Market NEWS Updated Daily

Company India NEWS. Stock Market NEWS Updated Daily

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Company India NEWS. Stock Market NEWS Updated Daily

Flipkart bets big on generative AI to improve customer, seller experience

Flipkart bets big on generative AI to improve customer, seller experience

Datar expects that, as the company builds scale, it will be able to improve on the returns on investment (roi) it is witnessing from its ai bets
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Swiggy secures shareholders' approval to raise over Rs 10,400 cr via IPO

Swiggy secures shareholders' approval to raise over Rs 10,400 cr via IPO

Food and grocery delivery major swiggy has received shareholders' approval for an initial public offering to raise rs 10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources. a special resolution was passed at an
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Fundraise of Rs 18,000 cr 'fresh lease of life' for Vi, says KM Birla

Fundraise of Rs 18,000 cr 'fresh lease of life' for Vi, says KM Birla

Aditya birla group chairman kumar mangalam birla on thursday said the rs 18,000-crore fundraise by vodafone idea is a "fresh lease of life" for the company and asserted that the telco will stage a smart comeback. the company, which has been struggling to h
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Nestle India, Dr Reddy's to form joint venture for nutraceutical brands

Nestle India, Dr Reddy's to form joint venture for nutraceutical brands

This collaboration aims to expand their complementary nutraceutical portfolios in areas like metabolic care, hospital nutrition, general wellness, women's health, and child nutrition
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Cyient Q4 results: Net profit rise 15.9% at Rs 189 crore, revenue up 6.3%

Cyient Q4 results: Net profit rise 15.9% at Rs 189 crore, revenue up 6.3%

The company's digital, engineering and technology segment accounted for 80% of its overall revenue
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

L&T Technology Q4 result: Revenue rises 7% aided by strong deal wins

L&T Technology Q4 result: Revenue rises 7% aided by strong deal wins

Bengaluru (reuters) - indian engineering research and development services provider l&t technology services reported a 7% rise in its fourth-quarter revenue on thursday, in line with street expectations, aided by strong deal wins.
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Bajaj Finance Q4 results: Net profit rises 21% to 3,824 cr, revenue up 34%

Bajaj Finance Q4 results: Net profit rises 21% to 3,824 cr, revenue up 34%

Shares of bajaj finance ltd closed trading at rs 7,293.90 on thursday ahead of the company's q4fy24 results
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Inox Wind board cleares bonus issue in 3:1 ratio to its shareholders

Inox Wind board cleares bonus issue in 3:1 ratio to its shareholders

Wind energy solutions provider inox wind on thursday said its board of directors have cleared a proposal to issue bonus shares in the ratio of 3:1 to its shareholders. the bonus shares shall be issued to the shareholders whose names appear in the register
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Embassy REIT Q4 results: Net operating income up at 13% to Rs 766 cr

Embassy office parks reit on thursday reported a 13 per cent increase in its net operating income to rs 765.6 crore and announced distribution of rs 494.8 crore to unit holders in the fourth quarter of the last fiscal year. its net operating income stood a
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Arun Alagappan appointed as executive chairman of Coromandel International

His appointment comes as a. vellayan retires from the position of chairman and non-executive director with effect from the close of wednesday
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

IndiGo places first-ever widebody aircraft order for 30 Airbus A350 jets

Such a deal would be worth more than billion, as per the last catalogue rates published in 2018
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Lohia Global to foray into real estate biz as housing demand rises in India

In addition to moradabad, by 2030, the company will develop residential projects in lucknow and delhi ncr with a total investment of rs 1,000 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Audi India to hike prices by 2% starting June 2024 amid rising input costs

The recent financial year witnessed audi india retail 7,027 units, marking an overall growth of 33 per cent
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

AI offers remarkable opportunity for India: Qualcomm India President Soin

India, with its growth engines roaring, is the "place to be", qualcomm india president savi soin has said, adding that the country has a "remarkable opportunity" with hybrid artificial intelligence (ai). the san diego, california-headquartered chip designe
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Food delivery major Swiggy gets shareholder nod for potential .2 bn IPO

The company is also looking to raise around rs 750 crore from anchor investors ahead of its ipo, which is expected later this year
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Nestle India, Dr Reddy's to form JV for nutraceutical brands in India

Nestle india and dr reddy's laboratories ltd on thursday announced that they have entered into a definitive agreement to form a joint venture to bring innovative nutraceutical brands to consumers in india and other agreed territories. a joint press release
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Harley-Davidson quarterly profit declines by 23% owing to slow demand

Global motorcycle shipments, including those of cruiser, trike and touring bikes, fell 7% in the quarter from a year earlier
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

ITC plans to open more hotels overseas with West Asia in focus: CMD Puri

India's diversified entity itc plans to open more hotels overseas with neighbouring countries and the middle east as primary target markets after opening of its first international property here, company chairman and managing director sanjiv puri said on
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

SBI General Insurance result: Net profit jumps 30.4% to Rs 240 cr in FY24

Sbi general insurance on thursday reported a 27.6 per cent rise in net profit at rs 240 crore for the financial year ended march 2024. the non-life subsidiary of state bank of india had recorded a net profit of rs 188 crore in the previous financial year.
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Coromandel International Q4 results: Profit falls 35% to Rs 163 crore

Revenue from operations fell about 28% to rs 3,913 crore, making it the company's fourth consecutive quarter of decline
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

IndusInd Bank Q4 result: PAT up 15% to Rs 2,349 cr on healthy loan growth

The bank's net loans grew 18%, it had said in its quarterly update earlier this month, outpacing a 14% growth in deposits
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Happiest Minds to acquire Noida-based PureSoftware for .5 million

The it company aims to boost its domain capabilities in bfsi, healthcare and life sciences through this acquisition
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Welspun Living Q4 results: Net Profit increases 16% to Rs 146 crore

Analysts expect a further increase in demand and easing prices of key raw materials, such as cotton, to boost textile firms' bottomline in the next few quarters as well
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Tech Mahindra Q4 results: Net profit drops 40% at Rs 661 cr; income down 5%

Tech mahindra q4fy24 results: the company announced an interim dividend of rs 28 per share
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

ACC Q4 results: PAT grows over three-fold to Rs 749 crore, revenue up 13%

Revenue from operations rose nearly 13% to rs 5398 crore, helped by a 22.4% rise in consolidated sales volumes
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Vedanta Q4 results: Net profit falls 27% to Rs 1,369 cr, revenue down 6%

Shares of vedanta closed trading at rs 380.80 on thursday following the company's q4fy24 results
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Glenmark Life Sciences Q4 results: Profit down 33% at Rs 97.9 crore

Revenue from its api business, its biggest, fell 8.6% in the fourth quarter, leading to a nearly 14% fall in its total revenue
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

FSSAI collects samples of Nestle Cerelac's baby cereals amid sugar row

Regulator says it take 15-20 days to complete the process, responds after news report on consumer goods company
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Air India Express offers discounted tickets to young first-time voters

The deal is available to first-time voters aged between 18 and 22, who have a valid voter id and are travelling to or from airports near their respective home constituencies
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Nestle India March quarter results: PAT up 27% at Rs 934 cr, revenue up 9%

Nestle india january-march quarter financial results: company announces a dividend of rs 8.50 per equity share
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Tech Mahindra and Bajaj Fin among 38 firms to report Q4 results today

Tcs, infosys, and wipro are it majors that have already declared their numbers for the quarter
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Godrej Electricals & Electronics secures orders over Rs 1,000 cr in FY'24

Godrej electricals & electronics on thursday said it has secured orders worth over rs 1,000 crore in financial year 2023-24 in power and infrastructure business. these orders predominantly entail both air insulated switchgear (ais) and gas insulated switch
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Happiest Minds Technologies to acquire PureSoftware for Rs 779 crore

It company happiest minds technologies ltd on thursday said it will acquire puresoftware technologies for a total consideration of usd 94.5 million (rs 779 crores). happiest minds technologies has signed definitive agreements to acquire 100 per cent of the
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Macquarie calls off plans to sell renewable energy company Vibrant Energy

The plan was called off due to a discrepancy in the valuation of vibrant energy, which has an enterprise value of 0 million
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

HUL rebrands Horlicks as 'functional nutritional drink', removes 'health'

Rebranding offers clearer and more transparent representation of the product category, says company
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

Syngene Q4 results: Net profit up 6% to Rs 189 cr, revenue declines 8%

Syngene international shares ended the day's trade on bse at rs 694.2 apiece, down one per cent
Tag: Company India    Source: business-standard.com   Dated: 2024-04-25

HUL Q4 result: Net profit slips 1.6% to Rs 2,558 cr, demand pickup expected

"we believe that the market is slowly returning to normal. if macros and monsoons do help the agri economy...then that will also add to the change," said jawa
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Spices Board inspects plants of MDH, Everest over alleged contamination

Mdh and everest spices are among the most popular in india and are sold in europe, asia and north america. exports totaled billion in 2022-23, according to the spices board, the industry regulator
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Supreme Court's whip in Patanjali case a wake-up call for the FMCG sector

Advertising professionals believe that the supreme court's action against patanjali would serve as a deterrent for other brands
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Polio vax supplies: Health secy visits OPV maker Bilthoven's Dutch plant

Bilthoven biologicals is an arm of serum institute of india that makes oral polio vax
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

LIC cautions public against misleading social media ads using brand name

Life insurance corporation (lic) on wednesday cautioned the public against certain individuals/entities engaging in fraudulent advertising practices on social media platforms by misusing the image of senior officials and the brand name and logo of the comp
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Goldman Sachs taps BofA bankers for India dealmaking roles: Reports

India is the world's second busiest ipo market this year after the united states, with bankers expecting more activity amid a paucity of deals elsewhere in asia, reuters reported last month
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

India's first multi-purpose green hydrogen pilot project inaugurated

India's first multi-purpose green hydrogen pilot project at 1,500 mw nathpa jhakri hydro power station (njhps) in himachal's jhakri was inaugurated on wednesday, according to satluj jal vidyut nigam (sjvn) officials. sjvn chairman and managing director gee
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

After Supreme Court rap, Patanjali Ayurved offers 'bigger' apology

In the latest advertisement, ramdev and his associate balkrishna expressed their sincere apologies
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Axis Bank Q4 results: Reports net profit at Rs 7,130 crore, NII rises 11%

Axis bank reported net loss of rs 5728.42 crore in the same period of the previous year
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

REC to extend Rs 1,869 cr loan for Kiru hydro project in Jammu & Kashmir

State-owned rec ltd on wednesday said it will provide a term loan of rs 1,869 crore for 624 mw kiru hydro electric project in kishtwar, jammu & kashmir. the loan will be utilized for development, construction and operation of the project on river chenab, a
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

IHC Q4 result: PAT rises 29% to Rs 438 cr, total income at Rs 1,951 cr

The indian hotels company ltd (ihcl) on wednesday reported a 29.36 per cent growth in consolidated profit after tax to rs 438.33 crore in the fourth quarter ended march 2024. the hospitality company had reported a profit after tax (pat) of rs 338.84 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

KKR said to consider billion acquisition of Healthium Medtech: Report

Apax partners, which bought healthium in 2018, has been working with advisers to gauge interest in the business, the people said
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Lodha Q4 results: Net profit slips 10% to Rs 667 crore, FY24 profit up 300%

Realty firm macrotech developers reported its best ever quarterly and annual pre-sales performance with robust margins
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

LTIMindtree Q4 FY24: Net profit down 1.2% at Rs 1,100 cr; missed estimates

On the demand scenario, the management said that the firm expects q1 fy25 to report growth
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

AU Small Finance Bank's Q4 net profit dips by 13% to Rs 371 crore

The numbers are not strictly comparable as fincare sfb was merged with au sfb in the jan-march quarter
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP

The capital adequacy ratio of dcb bank stood at 16.59 per cent with tier-i at 14.53 per cent at the end of march 2024
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Dalmia Bharat Q4 results: Net profit declines to Rs 315 cr, beats estimates

Cement makers usually report strong sales volumes in the march quarter as they lower prices to clear year-end inventory backlogs
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Paytm Payments Bank's Mukund Barsagade joins Lendingkart as Group CFO

Mukund barsagade has previously worked with organisations such as ge capital, experian, transamerica, utkarsh small finance bank, and fino payments bank in various finance leadership roles
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

AT&T beats Q1 estimates for wireless subscriber additions, free cash flow

At&t added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying past expectations of 286,800 additions, according to five analysts polled by factset
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Vodafone Idea slumps 9% ahead of telecom company listing new shares

Firm's fpo saw nearly seven times more demand than shares on offer
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Macrotech Developers Q4: PAT down 11% to Rs 665 cr, FY24 profit up 300%

Realty firm macrotech developers on wednesday reported an 11 per cent decline in consolidated net profit to rs 665.5 crore in the march quarter. however, for the full fiscal year, the company registered a three-fold jump in profit to rs 1,549.1 crore. its
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years

Hdfc bank, bank of baroda and paytm payments bank have faced action for alleged regulatory violations
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

CPCL Q4 results: Net profit falls 39% to Rs 628 cr on foreign exchange loss

Chennai petroleum corporation ltd, a subsidiary of indian oil corporation (ioc), on wednesday reported 39 per cent drop in march quarter net profit on lower prices and foreign exchange loss. consolidated net profit of rs 627.89 crore in january-march fy24
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

Invesco agrees to pay Rs 5 cr to Sebi for settlement in MF violation case

In an inspection conducted in 2021, the market regulator found that there was no clear segregation of activities between portfolio management activities and mutual fund activities of the firm
Tag: Company India    Source: business-standard.com   Dated: 2024-04-24

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