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Beer battles election blues, gin toasts summer gains

The scorching summer notwithstanding, beer sales may falter this year due to election-related curbs. Gin, meanwhile, might just seize the spotlight

3 May 2024 6:12 pm
Govt plans new pricing norms for medical device industry

Specific regulations for the medical device industry will streamline the approval process, enabling manufacturers to secure clinical trial approvals and sales licences in a short period

3 May 2024 5:22 pm
Tata Tech Q4 results: Net profit falls 28% YoY to 157 crore, declares dividend

Tata Tech Q4 results: The board of the company has recommended a final dividend of 8.40 and special dividend of 1.65 per equity share of 2 each

3 May 2024 4:16 pm
Adani Green Energy Q4 Results: Net profit plunges 70% to 150 crore, revenue down 2% YoY

Adani Green Energy Q4 Results: The Adani Group's renewable energy arm's revenue from operations dropped two per cent in the March quarter.

3 May 2024 3:45 pm
Naresh Goyal money laundering case: ED opposes interim bail to Jet Airways founder; HC to pass order tomorrow

Jet Airways founder Naresh Goyal has sought interim bail on medical and humanitarian grounds, citing that both he and his wife, Anita Goyal, suffered from cancer.

3 May 2024 2:17 pm
MRF Q4 results: Net profit drops 7.6% YoY to 379.6 crore; declares dividend of 194 per share

MRF have recommended a final dividend of 194 per share, amounting 1,940%, of 10 each.

3 May 2024 1:21 pm
CEO Tim Cook satisfied with Apple's 'strong double-digit growth' in India as company reports record revenues

Apple CEO Tim Cook announces record revenues in India for Q1 2024 despite overall revenue and iPhone sales drops. Cook emphasized local production's importance for competitiveness. CFO Luca Maestri highlights significant revenue growth in emerging markets.

3 May 2024 10:25 am
Titan Results Live Updates: Net profit seen up 8% YoY in Q4; jewellery segment likely to aid revenue growth

Titan Results Live Updates: Titan Company is likely to report revenue growth of 16% YoY in the fourth quarter of FY24, despite a likely demand moderation in the jewellery segment, with its net profit estimated to rise 8.2% YoY.

3 May 2024 10:10 am
Q4 Results today: Titan, Tata Tech, MRF, Adani Green, Godrej Properties, among 50 companies to post earnings on May 3

Q4 Results FY2024 today: Around 50 listed companies post their earnings for the fourth quarter that ended on March 31, 2024. Adani Green Energy, Godrej Properties, Tata Technologies, Titan Company and Britannia Ind are among top 50 companies scheduled to post earnings.

3 May 2024 8:59 am
Made-in-India parts to fuel JSW-MG Motor alliance India drive

MG Motors Comet EV, a small urban hatch, is likely to benefit from the government's PLI scheme due to its increased focus on localization and an Indian pedigree.The ministry of heavy industries may again review MG Motor Indias application to the PLI scheme for the auto sector

3 May 2024 7:23 am
KKR, Novo Nordisk, others bid for Healthium buy

Global PE major KKR and pharma major Novo Nordisk have submitted final bids for Healthium. A third, joint bid has come from India-focused PE firm ChrysCapital and Mankind Pharma.

3 May 2024 7:00 am
Chinese EV-makers are leaving Western rivals in the dust

They have shone at Beijings car jamboree

3 May 2024 7:00 am
Vivanza Biosciences Q4 Results Live : loss rise by 309.27% YOY

Vivanza Biosciences Q4 Results Live : Revenue decreased by 46.32% YoY & loss increased by 309.27% YoY

3 May 2024 2:34 am
Castrol India Q1 Results Live : profit rise by 6.79% YOY

Castrol India Q1 Results Live : Revenue increased by 2.42% YoY & profit increased by 6.79% YoY

3 May 2024 2:34 am
Ador Welding Q4 Results Live : profit falls by 17.17% YOY

Ador Welding Q4 Results Live : Revenue increased by 4.76% YoY & profit decreased by 17.17% YoY

3 May 2024 2:34 am
REC Q4 Results Live : profit rise by 33.07% YOY

REC Q4 Results Live : Revenue increased by 22.06% YoY & profit increased by 33.07% YoY

3 May 2024 2:34 am
Greenpanel Industries Q4 Results Live : profit falls by 56.76% YOY

Greenpanel Industries Q4 Results Live : Revenue decreased by 10.15% YoY & profit decreased by 56.76% YoY

3 May 2024 2:34 am
SIS Q4 results : loss at 11.67Cr, Revenue increased by 4.74% YoY

SIS Q4 results : Revenue increased by 4.74% YoY & loss at 11.67Cr

3 May 2024 2:33 am
Adani Energy Solutions Q4 Results Live : profit falls by 5.77% YOY

Adani Energy Solutions Q4 Results Live : Revenue increased by 40.18% YoY & profit decreased by 5.77% YoY

3 May 2024 2:33 am
Ambuja Cements Q4 Results Live : profit rise by 63.61% YOY

Ambuja Cements Q4 Results Live : Revenue increased by 11.82% YoY & profit increased by 63.61% YoY

3 May 2024 2:33 am
Cholamandalam Investment & Finance Company Q4 Results Live : profit rise by 24.56% YOY

Cholamandalam Investment & Finance Company Q4 Results Live : Revenue increased by 44.54% YoY & profit increased by 24.56% YoY

3 May 2024 2:33 am
Newgen Software Technologies Q4 Results Live : profit rise by 32.65% YOY

Newgen Software Technologies Q4 Results Live : Revenue increased by 23.02% YoY & profit increased by 32.65% YoY

3 May 2024 2:33 am
Gravita India Q4 Results Live : profit rise by 8.1% YOY

Gravita India Q4 Results Live : Revenue increased by 15.29% YoY & profit increased by 8.1% YoY

3 May 2024 2:33 am
Navkar Corporation Q4 Results Live : profit rise by 116.68% YOY

Navkar Corporation Q4 Results Live : Revenue increased by 13.89% YoY & profit increased by 116.68% YoY

3 May 2024 2:33 am
IFCI Q4 results : profit at 133.32Cr, Revenue increased by 33.5% YoY

IFCI Q4 results : Revenue increased by 33.5% YoY & profit at 133.32Cr

3 May 2024 2:32 am
Jayaswal Neco Industries Q4 Results Live : profit falls by 60.99% YOY

Jayaswal Neco Industries Q4 Results Live : Revenue decreased by 3.94% YoY & profit decreased by 60.99% YoY

3 May 2024 2:32 am
Bharat Wire Ropes Q4 Results Live : profit rise by 35.85% YOY

Bharat Wire Ropes Q4 Results Live : Revenue decreased by 9.35% YoY & profit increased by 35.85% YoY

3 May 2024 2:32 am
Adani Wilmar Q4 Results Live : profit rise by 67.45% YOY

Adani Wilmar Q4 Results Live : Revenue decreased by 4.57% YoY & profit increased by 67.45% YoY

3 May 2024 2:32 am
Adani Power Q4 Results Live : profit falls by 47.79% YOY

Adani Power Q4 Results Live : Revenue increased by 30.48% YoY & profit decreased by 47.79% YoY

3 May 2024 2:32 am
Five Star Business Finance Q4 Results Live : profit rise by 39.78% YOY

Five Star Business Finance Q4 Results Live : Revenue increased by 41.42% YoY & profit increased by 39.78% YoY

3 May 2024 2:32 am
Ceat Q4 results: Net profit dips 23% to 102 crore, revenue at 2,992 crore

Ceat's Q4 FY24 net profit dropped to 102 crore, revenue rose to 2,992 crore. FY24 net profit was 635 crore, revenue reached 11,943 crore. Board okayed a final dividend of 30 per share for FY24.

2 May 2024 10:13 pm
Power prices on exchanges rise as soaring temperatures lift demand

As India approaches peak summer demand, heatwaves have caused a spike in prices of electricity

2 May 2024 10:13 pm
IndiGo announces special bonus for staff

The one-time bonus will be 1.5 months of basic salary and will be disbursed to employees with the May salary.

2 May 2024 9:08 pm
Tata Comms raises $250 mn sustainability linked loan

Tata Communications will align all future long-term debt financing with its environmental commitments. The Tata group company is the first in its sector to adopt this framework

2 May 2024 8:31 pm
Dabur sees early signs of rural recovery, enters talcum powder market

The company reported a 16.2% jump in quarterly net profit to 350 crore, up from 301 crore a year earlier. Revenue in the three months through March stood at 2,815 crore, up 5.1%.

2 May 2024 8:29 pm
RBI removes curbs against Bajaj Finance, allows resumption of eCom transactions, Insta EMI card

Reserve Bank of India allows Bajaj Finance to resume sanction and disbursal of new loans under 'eCOM' and online through its 'Insta EMI Card' after company seeks review from RBI.

2 May 2024 7:53 pm
97.76% of 2,000 bank notes already returned, says RBI

Around 97.76% of the 2000 banknotes in circulation as on May 19, 2023 have already been returned, said the Reserve Bank of India (RBI) in an announcement made on Thursday. The central bank added that 2000 banknotes will continue to be legal tender

2 May 2024 7:30 pm
Investors may find Dennis Woodside to be a better chief for Freshworks

The new CEO has said that his top priority will be execution, with a focus on chasing larger deals, although India's SaaS industry still faces macroeconomic pressures that have reduced client spending on software purchases and upgrades.

2 May 2024 7:20 pm
Google adds Azure & AWS support, enhances Cloud security with AI integration

The move will help enterprises manage security solutions across multi-cloud platforms, ensuring higher levels of security. Google Could will also focus heavily on AI.

2 May 2024 7:14 pm
Temasek may bid for CVC's 60% stake in Healthcare Global

CVC Capital Partners, which purchased around 59% in Healthcare Global for 1,100 crore in 2020, raised its shareholding to over 60.4% later.

2 May 2024 7:04 pm
Coal India Q4 Results: Net profit rises 26% to 8,640.5 crore, revenue down 2%; dividend declared

Coal India Q4 Results: The state-run miner's revenue from operations in the fourth quarter of FY24 rose two per cent to 37,410.4 crore, compared to 38,152.3 crore in the year-ago period.

2 May 2024 6:47 pm
Coforge Q4 results: Net profit rises 95% at 224 crore; to acquire 54% stake Cigniti Technologies

Coforge net profit rose 95% to 224 crore for the three-month period. Consolidated revenue rose 8.7% year-on-year to 2,359 crore in the three months ended March 31, falling short of analysts' estimate of 2,395 crore

2 May 2024 6:33 pm
Coforge to acquire Cigniti Technologies' 54% stake at 1,415 per share; deal likely to complete by Q2FY25

The firm also announced the results for March quarter of FY24 and said that their profit after tax stood at 223.7 crore, up 94.8 percent compared to 115 crore in the same period last year.

2 May 2024 6:32 pm
India plans subsidies, tax sops to boost synthetic yarn manufacturing

India is missing out on a substantial market segment as 70% of clothing bought by developed countries is made of mixed synthetics

2 May 2024 6:23 pm
Federal Bank in advanced stage of sending names of CEO candidates to RBI

Current Federal Bank CEO Shyam Srinivasan's term ends on 22 September, as RBI turned down the request for a one-year extension.

2 May 2024 6:05 pm
Apple is right not to rush headlong into generative AI

One day the Vision Pro could exploit the technology to the full

2 May 2024 6:00 pm
Cognizant lowers revenue outlook for 2024 after slow March quarter

The March quarter is the second consecutive period when Cognizants profitability was lower than that of each of the top four Indian IT companies for the three months ended 31 March

2 May 2024 5:29 pm
Vodafone Idea in talks with SBI, PNB, BOB, and private lenders to avail loans worth 15,000 crore: Report

Vodafone Idea has reached out to state-run lenders State Bank of India (SBI), Bank of Baroda, Punjab National Bank and some privately-held banks, the report said.

2 May 2024 5:16 pm
Paytm Money: Rakesh Singh to replace Varun Sridhar as CEO of One97 Communications subsidiary

One97 Communicationss wholly-owned subsidiary Paytm Money has reportedly appointed Rakesh Singh as the new CEO after Varun Sridhar resigned from the role

2 May 2024 5:15 pm
Tesla files trademark infringement case in Delhi High Court

Elon Musk's electric vehicle-maker has taken a Gurgaon-based battery seller called Tesla Power India to court over the use of its name, Tesla

2 May 2024 4:32 pm