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Company / Zee Biz

Godrej Properties Q4 Results: Profit rises 14% to Rs 471.26 crore

Godrej Properties Q4 Results:Realty firm Godrej Propertiesreported a 14 per cent increase in its consolidated net profit to Rs 471.26 crore for the quarter ended March on higher income amid strong housing demand.

3 May 2024 1:29 pm
MRF March Quarter Results: Net profit down 7.6%, margin shrinks by 50 bps; dividend declared

MRF March Quarter Results: Chennai-headquartered tyre manufacturer MRF reported a 7.6 per cent fall in standalone net profit to Rs379.55 crore for the January-March period. Its quarterly margin, a key measure of profitability, contracted by 50 basis points (bps) to 14.2 per cent.

3 May 2024 1:26 pm
Months after listing, Kalahridhaan Trendz plans to expand production capacity

With an increase in orders in hand, the expansion will enable the company to fulfill customer orders promptly and efficiently, thereby meeting the growing demand for its products.

2 May 2024 11:05 pm
Ceat Q4 results: Net profit dips 23% to Rs 102 crore; revenue at Rs 2,992 crore

Its revenue from operations rose to Rs 2,992 crore in the period under review from Rs 2,875 crore in the fourth quarter of FY23.For the fiscal ended March 2024, the company posted a net profit of Rs 635 crore compared to Rs 182 crore in 2022-23.

2 May 2024 10:03 pm
Hybrid green energy power plant: Gujarat Toolroom to invest Rs 572 crore

The company has acquired 65 acres of land on long-term lease in Gujarat for the establishment of Green Energy Hybrid Power Plant Project worth Rs 5.72 billion.

2 May 2024 9:18 pm
Tata Projects Q4 results: Company posts PAT of Rs 120.5 crore, on back of higher revenues

These figures are after after exceptional and/or extraordinary items.The company's revenue from operations increased to Rs 5,412.80 crore during the March quarter, over Rs 5,015.21 crore in the year-ago period, the statement said.

2 May 2024 8:40 pm
Coforge Q4 results: Company reports net profit rise of 95% to Rs 223.7 crore

FY24 was an exemplary year where the firm grew 13.3 per cent in CC organic terms, thus becoming one of the very few firms across the industry that were able to deliver on the annual growth guidance given at the beginning of FY24.

2 May 2024 8:10 pm
Coal India Q4 Results: Net profit grows by over one-fourth, exceeds analysts' expectations; PSU declares dividend

Coal India Q4 Results:Coal India Ltd (CIL) reported a 26.3 per cent jump in consolidated net profit to Rs8,682.2 crore for the fourth and final quarter of the financial year 2023-24.

2 May 2024 7:14 pm
India among fastest-growing markets with potential to be among top 10, says Airbnb CBO, Dave Stephenson

The company is investing in India to tap the opportunity of a rapid rise in tourists travelling to foreign destinations as well as domestic places that are rapidly growing post-pandemic and where 90 per cent of its first-time bookers are Gen Zs.

2 May 2024 7:04 pm
Dabur India Q4 results: FMCG firm's profit jumps 16.5% to Rs 341.22 crore, revenue up 5% at Rs 2,814.64 crore

For the financial year ended on March 31, 2024, Dabur India's net profit was at Rs 1,811.31 crore, up 6.46 per cent against Rs 1,701.33 crore in the year-ago quarter.

2 May 2024 4:16 pm
L&T Tech inks pact worth 45 million with French auto firm Forvia

Under the agreement, about 300 engineers from Forvia's Augsburg (Germany) and Bengaluru (India) sites have already been transferred to LTTS. These teams will develop internal combustion engine related activities within LTTS.

2 May 2024 3:39 pm
Britannia Q4 Results Preview: Tiger biscuit maker's margin may shrink by 90 bps; here is why

Britannia Q4 Results Preview: Kolkata-based FMCG major Britannia, whose popular biscuit brands include Good Day,Tiger,Marie Gold and Milk Bikis, is estimated to register a consolidated net profit of Rs539 crore for the quarter ended March 31, which translates into a year-on-year decline of 3.4 per cent.

2 May 2024 2:34 pm
ArcelorMittal Q1 net income falls 10 pc to USD 900 million; output at 14.4 MT

Sales in Q1 2024 were at USD 16.28 billion as compared to USD 18.50 billion in the year-ago period. Steel shipments in first quarter of 2024 were 13.5 MT, lower than 14.5 MT in Q1 2023.

2 May 2024 2:17 pm
Ashok Leyland zooms 3.7% on strong April sales

According to the Hinduja Group company, it reported a nine per cent rise in domestic sales to 13,446 units in April 2024 compared to 12,366 units in April 2023.

2 May 2024 1:35 pm
Avaada Energy secures Rs 1,190 crore loan from SBI for solar project

This landmark transaction marks Avaada'sfirst endeavour in developing a greenfield project under an existing Special PurposeVehicle.

2 May 2024 11:33 am
Delhivery launches women logistics hub Sikar

This is another step towards the company's objective of promoting greater enrollment and empowerment of women in the logistics industry and also advancing overall diversity within the company, Delhivery said.

2 May 2024 7:43 am
Airtel appoints Ambareesh Mandelia as head of M&A, business development

Before joining Airtel, Mandelia was heading the corporate health and wellness business units at Tata 1mg, along with corporate strategy.

2 May 2024 7:33 am
Indus Towers expects Vodafone Idea to clear dues soon

Without naming Vodafone Idea (VIL), Indus Towers in its financial report said it has doubtful receivables of Rs 5,385.3 crore, comprising all overdue from the debt-ridden telecom firm as of March 31, 2024.

2 May 2024 7:21 am
Orient Cement Q4 results: Net profit rises to Rs 68 crore

Its revenue from operations was up 1.36 per cent to Rs 888.02 crore during the quarter under review. It was at Rs 876.03 crore in the corresponding period a year ago.OCL's total expenses were up marginally to Rs 785.52 crore in the March quarter.

1 May 2024 9:27 pm
Iffco gets nod to launch two more nano-tech fertilisers

In a post on X, Iffco Managing Director US Awasthi said, IFFCO's Nano Technology-based innovations are making a mark on the agriculture sector. Glad to share that IFFCO's new innovation IFFCO Nano Zinc (Liquid) and IFFCO Nano Copper (Liquid) has been notified by the Government of India, @AgriGoI for a period of 3 years. FCO (Fertiliser Control Order) approval has been granted for both these products.

1 May 2024 7:34 pm
Jindal Stainless to invest Rs 5,400 crore for expansion, forms JV to develop stainless-steel melt shop in Indonesia

The steel manufacturer Jindal Stainless has also entered into a joint venture (JV) for the development and operation of a stainless-steel melt shop in Indonesia, which has an annual production capacity of 1.2 million tonnes per annum (MTPA). The move which entails an investment of Rs 700 crore will see the melting capacity of the steel major go up by as much as 40 percent to 4.2 MTPA.

1 May 2024 7:32 pm
Vedanta Group planning to invest $20 billion 4 years: Anil Agarwal

The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here.

1 May 2024 7:14 pm
American Express' new facility in India gets LEED Gold certification

The campus has LEED Gold certification and the company is minimizing the campus's environmental footprint.

1 May 2024 6:53 pm
Rs 500 crore scam unearthed: Lilavati Hospital's trustee accuses ex-trustee board of Rs 500 crore fraud, know full details here

Approximately Rs 10.75 crore has been spent on legal expenses of lawyers Sushaali Mehta and Amol Inamdar despite the courts being closed during the Covid-19 pandemic, Prashant Mehta, permanent trustee of Lilavati Hospital said.

1 May 2024 5:00 pm
Edelweiss Financial Services subsidiary gets Rs 28.78 crore income tax demand

The order is beingexamined and appropriate steps, including filing of appeals and rectificationapplications, would be taken in this regard.

1 May 2024 4:25 pm
Edelweiss Fin Services subsidiary gets Rs 28.78 crore income tax demand

The order is beingexamined and appropriate steps, including filing of appeals and rectificationapplications, would be taken in this regard.

1 May 2024 4:21 pm
Five-Star Business Finance Q4 results: NBFC records 40% growth in PAT at Rs 236 crore

We continued to grow consistently anddelivered an AUM growth of 39 per cent year-on-year.

1 May 2024 3:52 pm
Godrej family reveals plan to realign shareholding in group firms; here are the details

This will help maximize strategic direction, focus, and agility, and will accelerate the process of creating long-term value for shareholders and all other stakeholders, according to a statement issued by the group.

1 May 2024 3:52 pm
Godrej split news: 127-year-old Godrej group splits, to continue joint business for Vikhroli project in Mumbai

According to a stock exchange filing, the cousins, Jamshyd and Smita, will receive the unlisted Godrej & Boyce Mfg. Co., along with its affiliates and a huge land bank.

1 May 2024 3:33 pm
Microsoft announces its first regional data centre in Thailand

The data centre regionwill expand the availability of Microsoft's hyperscale cloud services, facilitatingenterprise-grade reliability, performance, and compliance with data residency andprivacy standards, according to the company.

1 May 2024 1:47 pm
Sensodyne-maker Haleon posts tepid sales as demand for some products cools off

The maker of popular household products such as Sensodyne toothpaste and pain-reliever Panadol, had earlier said that the first three months of 2024 would be impacted by a softer cold and flu season and a slowdown in painkiller Advil's sales in Canada, following a surge in demand last year.

1 May 2024 1:32 pm
Hyundai sales rise 9.5% to 63,701 units in April

Domestic wholesales saw an increase of 1 per cent to 50,201 units last monthfrom 49,701 units in the year-ago period.

1 May 2024 1:20 pm
Coal India Q4 preview: Maharatna PSU to post results soon; here's what to expect

The state-run Maharatna company Coal India is all set to release its March quarter earnings on Thursday (May 2, 2024). Zee Business research desk estimates the leading pure-play global

1 May 2024 10:55 am
Coca-Cola earns $290 million from India by divesting its bottling operations in January-March

India is the fifth largest market of the Atlanta-based company, which operates here with brands as Coca-Cola, Coke, Thums UP, Maaza, Sprite, Fanta, Minute Maid, etc.

1 May 2024 8:08 am
Castrol India Q4 Results: Net profit rises 7% to Rs 216 crore

Castrol India Q4 Results:The company's revenue from operations during the quarter under review stood at Rs 1,325 crore, up 2 per cent from Rs 1,294 crore in the first quarter of 2023.

1 May 2024 7:39 am
Indus Towers Q4 Results: Net profit rises 32% to Rs 1,853 crore

Indus Towers Q4 Results:For the year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore from Rs 2,040 crore at the end of the financial year (FY) 2023.

1 May 2024 7:31 am
Fino Payments Bank Q4 Results: Profit rises 14% to Rs 25.21 crore

Fino Payments Bank Q4 Results:Fino Payments Bank reported a 14 per cent growth in March quarter net profit to Rs 25.21 crore.The Navi Mumbai-headquartered bank had reported a net profit of Rs 22.08 crore in the year-ago period.

30 Apr 2024 9:10 pm
Cholamandalam Investment Q4 Results: Profit rises 25% to Rs 1,065 crore

Cholamandalam Investment Q4 Results:Cholamandalam Investment and Finance Company reported a 24.5 per cent rise in net profit to Rs 1,065 crore for the March quarter on account of an increase in core business.

30 Apr 2024 8:29 pm
Mindspace REIT Q4 results: Net operating income up 9% at Rs 477 crore; to distribute Rs 283 crore to unitholders

According to a regulatory filing, the company's NOI grew 12 per cent to Rs 1,895.9 crore in 2023-24. Cumulatively, it has declared distribution of Rs 1,136.2 crore to unitholders for last fiscal year.

30 Apr 2024 8:27 pm
Worldline ePayments India gets RBI approval to operate as payment aggregator

Worldline ePayments India offers solutions for all kinds of payment needs offering in-store, online, and omnichannel payments to its customers. Since late last year, the RBI has approved multiple online payment gateway companies to be PAs including DigiO, PayU, CRED, CC Avenue, Mswipe, Razorpay, Cashfree, Decentro, Zoho, Tata Pay, Google Pay, and EnKash, among others.

30 Apr 2024 7:34 pm
Groww gets RBI's in-principle nod to operate as payments aggregator

The company obtained its third-party application provider (TPAP) license last year and provided the services in collaboration with banking partner Yes Bank.

30 Apr 2024 7:11 pm
Havells India Q4 Results: Net profit grows by one-fourth to Rs 447 crore, EBITDA up 20%; FMEG firm declares dividend

Havells India Q4 Results: Fast moving electrical goods firm Havells India reported a 24.8 per cent year-on-year jump in consolidated net profit to Rs446.7 crore for the January-March period. The company declared a final dividend for the financial year 2023-24.

30 Apr 2024 6:13 pm
Tech Mahindra, Atento join hands to offer GenAI-powered services

Atento is acustomer relationship management (CRM) and business transformation outsourcing (BTO)company in Latin America.

30 Apr 2024 6:08 pm
Vedant Fashions Q4 dividend: Ethnic wear brand Manyavar's parent declares Rs 8.50 dividend

The company said the dividend, of Rs 8.50 per equity share of the face value of Re 1 each, will be paid to eligible shareholders.

30 Apr 2024 6:06 pm
P&G Hygiene and Health Q3 profit falls 6.5% to Rs 154.4 crore, sales rise 13.5% to Rs 1,002 crore

The company, which follows the July-June financialyear, had reported a profit after tax of Rs 165.02 crore in the corresponding quarterof the preceding fiscal.

30 Apr 2024 5:53 pm
Newgen Software Q4 profit rises 32% to Rs 105 crore

Our large customer base hasbeen increasing, leading to strong growth in revenue per customer, said DiwakarNigam, Chairman and Managing Director, Newgen Software Technologies.

30 Apr 2024 5:07 pm
Apple hires dozens of AI experts from Google, builds secret research lab: Report

Apple has hired dozens of artificial intelligence (AI) experts from Google and formed a secretive European laboratory in Zurich to house a new team of staff tasked with developing new AI models and products, areport said.

30 Apr 2024 4:59 pm
Newgen Software Q4 profit rises 32 pc to Rs 105 cr New Delhi, Apr 30

Our large customer base hasbeen increasing, leading to strong growth in revenue per customer, said DiwakarNigam, Chairman and Managing Director, Newgen Software Technologies.

30 Apr 2024 4:57 pm
Havells India Q4 dividend: FMEG company declares Rs 6 dividend alongwith Q4FY24 results

The final dividend, if approved by the shareholders in the forthcoming annual general meeting (AGM) of the company, shall be paid/ dispatched to the shareholders on or before 30 days from the date of AGM, Havells said.

30 Apr 2024 4:38 pm
Dabur Q4 result preview: PAT likely to rise 20%; demand expected to remain slow

The FMCG company is likely to report a revenue of Rs 2,832 crore against Rs 2,678 crore year-on-year (YoY), up 6 per cent.

30 Apr 2024 4:14 pm