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Coforge eyes 4x growth in 4 years, as stock crashes 10% in a day
Cigniti acquisition may add $250 million in net incremental revenue, Coforge CEO Sudhir Singh said
Titan Q4 results: Company reports 5% increase in PAT to Rs 771 crore
Total income rose to Rs 11,472 crore during the period under review from Rs 9,419 crore in the fourth quarter of the 2022-23 fiscal.For the year ended March 31, 2024, the company posted a consolidated PAT of Rs 3,496 crore as compared with Rs 3,274 crore in FY23.
7350% dividend in Q4: FMCG major Britannia Industries announces Rs 73.5 dividend
The company's board has announced 7350 per cent dividendi.e., Rs. 73.5 per share, andhas also fixed the record date for the AGM and final dividend i.e. Monday, 5th August, 2024.
Dr Reddyslaunches Doxycycline capsules in the US
The drug is atherapeutic generic equivalent of ORACEA (doxycycline, USP) capsules
Paytm to offer 100 cashback to UPI users post NPCI approval for migration to PSP banks
The online payment company introduced this cashback offer following its approval from the National Payment Corporation of India (NPCI) to initiate the immediate migration of users to new Payment System Provider (PSP) bank handles in March.
JSW Infrastructure Q4 results: Profit rises 9% to Rs 329 crore
Total income increased to Rs 1,200.30 crore from Rs 973.20 crore in the year-ago period. Total expenses also rose to Rs 782.93 crore from Rs 677.77 crore.The company's board has recommended a dividend of 55 paise per share.
ADB open to scaling up financing of private sector projects in India
ADB is very excited about Indias economic growth and the agency was talking to some of the sponsors of projects in solar energy, hydropower, energy transition and battery storage sectors, said vice president (Market Solutions) Bhargav Dasgupta
Cash-strapped Dunzo finally close to striking a transaction to settle its dues
CEO Kabeer Biswas informed employees on Friday that the company has also requested a bridge loan from investors to be able to pay pending salaries
India Inc drives better food choices for employees
Indian corporate cafeterias prioritize employee well-being and productivity by promoting healthy food choices like millets, keto bowls, ragi balls, salads, seeds, and jaggery. Influenced by social media, companies like SAP and Tata Motors lead the trend.
CarborundumUniversal posts lower consolidated PAT of 143 crore in Q4
Standalone profit after tax for FY24 was at 350 crore against 331 crore in FY23
Patanjali, Chennai-based institution to jointly conduct clinical trials of Ayurvedic medicines
Patanjali Research Foundation and Chennai-based SRM Centre for Clinical Trials and Research will now jointly conduct clinical trials on Ayurvedic medicines. A Memorandum of Understanding was signed between the two institutions to this effect here on Friday.
India could be Apples third largest market in 3 years
Apple posted its eight straight quarter of quarterly revenue record for India.The company's India revenue is expected to have grown 70% to reach $10 billion in FY24
Adani Wilmar expects to double its staple foods business in three years
In FY24, food and FMCG segment revenues stood at about 5,000 crore
Flying Wedge unveils indigenous military-grade bomber UAV
Flying Wedge Defence and Aerospace has also secured the Directorate General of Civil Aviation (DGCA) type certification for indigenous UAV technology and has deployed drones to safeguard the Indian Prime Minister in partnership with Special Protection Group (SPG) and L&T
India looks to fast-track work on hydrogen trains
One plan being discussed is retrofitting hydrogen fuel cells on diesel electrical multiple units (DEMUs), while another plan is to develop a new set of locomotives
Sebi slaps Adani Enterprises, Adani Power, five other group firms with show cause notices
Making the disclosure as part of notes to their respective January-March quarter and 2023-24 financial results statements, all the firms in almost identical statements said there is no material non-compliance with applicable laws and regulations and no material consequential effect.
Telecom subscriber base grows marginally to 119.9 crore in March: Regulator
The broadband subscriber base rose to 92.4 crore, as per the monthly subscriber report published by the Telecom Regulatory Authority of India (Trai).
Carborundum Universal Q4 Results: Company records consolidated net profit at Rs 142.56 crore
Carborundum Universal Q4 Results:Abrasives manufacturer Carborundum Universal Ltd (CUMI) has recorded a consolidated net profit of Rs 142.56 crore for the January-March 31, 2024 quarter, the company said.
Inox Wind posts net profit of 38 crore in Q4 FY24
IWLs consolidated revenue rose multi-fold to 563 crore during the January-March quarter in FY24
Government should lower GST rate on two wheelers : Rajiv Bajaj
Bajaj Auto MD criticises high taxation in Indian auto market, calls for GST reduction to 12-18%
Prajwal Revanna raped me at gunpoint and made videos, alleges JD(S) worker
CID investigates rape case against Prajwal Revanna, facing sexual abuse allegations. SIT probes amid explicit video circulation, escalating risks for NDA-JD(S) alliance and legal repercussions.
The Delhi police arrested Arun Reddy in connection with the 'deepfake morphed video' case involving Union Home Minister Amit Shah. Reddy managed the 'Spirit of Congress' account on social media platform X. The alleged fake video depicted Shah expressing opposition to reservations, a claim refuted by the BJP. Earlier, summonses were issued to Telangana Chief Minister A Revanth Reddy and four Telangana Pradesh Congress Committee (TPCC) members.
MRF net vaults 170% to cross Rs 2,000 crore, to pay 194 final dividend
The profit surge has been attributed to higher sales, lower raw material costs, and improved efficiencies
Aurobindo Pharma gets tax demand of over Rs 13 crore, including interest, penalty
The Deputy Commissioner (ST) STU-1 of GST, Punjagutta Division, Hyderabad, Commercial Taxes Department, Telangana, has passed an order under relevant provisions of the Central Goods and Services Tax Act, 2017 and TGST Act 2017 for the FY 2018-19 to this effect.
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
Adani Green Energy EBITDA up 30% YoY
The companys EBITDA margin stands at 92 per cent
Aurobindo Pharma gets tax demand of 13 crore, including interest and penalties
The order has demanded reversal of ITC and payment of GST
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
Renewable energy accounted for 71% of Indias power generation capacity addition in FY24: Report
Latest edition of the CEEW-CEF Market Handbook, says share of coal and lignite in Indias total installed capacity fell below 50% for the first time.
HMPL finalises allotment of convertible warrants - Details
The company said it looks to utilise the proceeds to enhance financial resources to fund its growth.
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.
Biden administration says 1 lakh new migrants are expected to enroll in 'Obamacare' next year
The Biden administration has released a directive allowing approximately 100,000 children of US immigrants to enroll in the Affordable Care Act's health insurance next year. The move falls short of Biden's initial proposal to allow these migrants to sign up for Medicaid. However, it will allow thousands of migrants to access tax breaks when they sign up for coverage.
INDIA bloc supports anti-national forces and are against Lord Ram, says JP Nadda
In an election rally in Gujarat's Dahod, Nadda said several INDIA bloc leaders are either in jail or on bail, and called the grouping an alliance of dynastic parties and corrupt people.
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.
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.
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.
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.
Vodafone Idea target price: For BofA Securities, VIL is not a Buy as it is further awaiting clarity on funding position improvement post FY26 as the spectrum moratorium ends.
Stock market update: Nifty Bank index falls 0.13% in a weak market
The Nifty Bank index was trading 0.13 per cent down at 49168.5.
D2C and E-commerce brands lead in retention-led marketing careers: Report
Around 52.6 per cent of the respondents belonged to the marketing teams within their organization while 31.6 per cent were in growth teams and 15.8 per cent in product teams.
Apple clinches strong double-digit growth in India; CEO says incredibly exciting market
New Delhi, May 3 : Apple CEO Tim Cook on Friday said the company grew strong double-digit in India, clinching a new March quarter revenue record amid an incredibly exciting market. Describing India market as a major focus, Cook said Apple is working on the entire ecosystem from developer to the market to operations, and that he is very pleased with the growth numbers. We did grow strong double-digit (in India). And so we were very, very pleased about it. [] The post Apple clinches strong double-digit growth in India; CEO says incredibly exciting market appeared first on Daily Excelsior .
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.
Adani Enterprises says there was no material consequential effect of the show cause notices to relevant financial statements
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.
SLN Coffee appoints Sahib Singh as new CEO
Sahib Singh comes with an illustrious background, having worked with HUL and Unilever in the past
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.
Indegene offers value to life sciences, needs price discovery
The Bengaluru-based company is rolling out a 1,842 crore initial public offering comprising a fresh issue of 760 crore and an offer of sale of 1,082 crore. The IPO represents 17% of the company's post-issue paid-up capital. Proceeds of the issue will be used to trim debt and for capex.
Dabur India says Badshah Masala products are in compliance with domestic and international norms
Daburs spice products for international markets undergo steam sterilisation and microbial testing, and there is an in-house micro lab for quality control.
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
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.
Chinese EV-makers are leaving Western rivals in the dust
They have shone at Beijings car jamboree
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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.
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.
CEAT posts 22% dip in net profit in Q4
The Mumbai-headquartered companys revenue from operation grew by 4per cent with 2,991 crore in March opposed to 2,874 crore during the same quarter last year
Bayer acquires remaining 25% stake in Bayer Zydus Pharma joint-venture
The JV brought together Zydus expertise in marketing and distribution along with Bayers novel products, marking their presence in cardiovascular diseases, diabetes, womens health, ophthalmology and oncology
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.
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.
Adani Airports PBT rises 111% in Q4 FY24
The airports arm of Adani Group has witnessed a 19 per cent growth in air passenger traffic through its six operational airports out of eight airports
Coal India Q4 net rises 26% to 8,640.45 crore, aided by fall in total expenses
Revenue down 2% at 37,410 crore
Need to do away with red tape for energy sector to grow: Vandana Hari
In an interview with businessline, Vandana Hari, CEO and Founder of Vanda Insights shared her thoughts on Indias fossil fuel story
Indegene Ltd IPO to open on May 6
The price band of the offer has been fixed at from 430-452
India is one of the fastest emerging markets for Airbnb
Airbnb India GM discusses growth in exclusive Icons listings, highlighting Indias potential in the short-term rental market
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
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%.
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.
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.
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
Injectables company Maiva Pharma raises 1,000 crore
The funds would go towards setting up a manufacturing facility near Hosur
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.
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.
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.
One Piece anime seasons, episodes to leave Netflix: Which are they? Check full list
One Piece anime seasons and episodes are reportedly all set to depart Netflix. Fans eagerly await the official confirmation on the fate of One Piece seasons on Netflix.
