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Bharat Forge Q4 results: Net profit jumps 78% YoY to 227 crore, revenue up 15%

Bharat Forge Q4 results: Net profit jumps 78% YoY to 227 crore, revenue up 15%

8 May 2024 3:28 pm
GRE Renew Enertech raises 3.25 crore in private placement, aims IPO launch in August this year

GRE Renew Enertech said it had successfully secured funding of 3.25 crore in a private placement round. The company expects to launch its IPO in August this year.

8 May 2024 3:06 pm
Birla Fertility acquires ARMC IVF; to spend 500 crore on further expansion

Industry sources estimate the deal value to be below 100 crore

8 May 2024 3:03 pm
Hero Motocorp Q4 results: Net profit up 18% to 1,016 crore; 40 per share dividend declared

Hero Motocorp Q4 results: Net profit up 18% to 1,016 crore; 40 per share dividend declared

8 May 2024 3:01 pm
Aparna Purohit quits Amazon Prime Video after 8 years, may join Aamir Khan's firm

Aparna Purohit is expected to join Aamir Khan Productions though there is no official confirmation on the same

8 May 2024 2:08 pm
US revokes Intel, Qualcomm's export licenses to sell to China's Huawei, sources say

The United States revoked licenses allowing Intel and Qualcomm to ship chips to Huawei. The move follows pressure from Republican lawmakers and could hurt both Huawei and U.S. suppliers.

8 May 2024 2:07 pm
Paytm UPI transaction volume down 9% in April, records third consecutive month of slump, says report

Paytm saw a 9% decrease in UPI transactions in April 2024, with 1.1 billion transactions. PhonePe and Google Pay remained the top two players, with a combined share of 86.6%. Paytm's market share dropped to 8.4% after this fall, but it remains the third largest UPI player.

8 May 2024 1:49 pm
Private hospitals pull back on Ayushman Bharat amid low state funding

The inordinate delay in receiving reimbursement has hampered the cash flow of private hospitals and created serious operational issue

8 May 2024 1:48 pm
A 15-year tax on imported private jets might fly into the sunset

The civil aviation ministry wants the same treatment for private and commercial jets, which bear no tax on imported planes.The aviation industry sees potential benefits, including air connectivity to destinations not served by commercial airlines, and a rise in fractional ownership of planes

8 May 2024 1:34 pm
Weak tech spends by telcos could put IT firms' revival on hold this fiscal year

After a 3% decline in annual telecom revenue in FY24, the top five IT services firms, which earn a tenth of their net revenue from telecom clients, could see revenue from this sector drop another 5% in FY25.

8 May 2024 11:49 am
Got suspended for reporting a security incident, claims TCS employee on Reddit

A Reddit user claimed that he was suspended from TCS for reporting a security incident even when no action can be taken against whistleblower.

8 May 2024 11:02 am
India's private capex not secular across industries, says HSBC's Malhotra

Despite a massive push by the government in the form of infrastructure investments, capex from the private sector has been off to a slow start

8 May 2024 10:44 am
Air India Express operations disrupted as crew reports sick

More than 70 flights have been cancelled by the airline.

8 May 2024 10:09 am
Meme fest starts as Zomato CEO Deepinder Goyal says, Don't hire people looking for jobs

Zomato CEO Deepinder Goyal's hiring strategy of 'not hiring those looking for jobs' but 'poaching or approaching' candidates is being mocked online. He described the hiring process as a long 'dating' period of 6-12 months to get the right people.

8 May 2024 10:00 am
FTX files amended reorganization plan, expects $14.5-16.3 billion for distribution

FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims.

8 May 2024 7:40 am
How Mhow, Silvassa and Rewa emerged as hotspots for Indian hotels

With their lower operational costs and untapped market potential, smaller cities are not just catching up, they're poised to lead the next wave of hotel development in India

8 May 2024 7:00 am
Bank holiday today: Banks to remain closed in THIS state for Rabindranath Tagore Jayanti 2024

Bank holiday today: Today is Rabindra Jayanti, the birthday of Rabindranath Tagore, a prominent Bengali poet, writer, and philosopher.

8 May 2024 6:47 am
AstraZeneca to withdraw sales of Covid-19 vaccine globally

AstraZeneca withdraws Covid-19 vaccine globally due to surplus of updated vaccines. Admitted vaccine can cause blood clot side-effect in very rare cases

8 May 2024 6:33 am
Reddit gains after strong sales in first report since IPO

Revenue increased 48 percent to $243 million in the period ended March 31, social media company Reddit said on May 7

8 May 2024 6:32 am
Gujarat Fluorochemicals Q4 Results Live : profit falls by 69.58% YOY

Gujarat Fluorochemicals Q4 Results Live : Revenue decreased by 23% YoY & profit decreased by 69.58% YoY

8 May 2024 2:14 am
Godrej Consumer Products Q4 results : loss at 1893.21Cr, Revenue increased by 5.8% YoY

Godrej Consumer Products Q4 results : Revenue increased by 5.8% YoY & loss at 1893.21Cr

8 May 2024 2:14 am
Happiest Minds Technologies Q4 Results Live : profit rise by 24.84% YOY

Happiest Minds Technologies Q4 Results Live : Revenue increased by 10.4% YoY & profit increased by 24.84% YoY

8 May 2024 2:13 am
Kamdhenu Q4 Results Live : profit rise by 55.73% YOY

Kamdhenu Q4 Results Live : Revenue increased by 5.48% YoY & profit increased by 55.73% YoY

8 May 2024 2:13 am
Lupin Q4 Results Live : profit rise by 52.33% YOY

Lupin Q4 Results Live : Revenue increased by 11.98% YoY & profit increased by 52.33% YoY

8 May 2024 2:13 am
Apcotex Industries Q4 Results Live : profit falls by 34.02% YOY

Apcotex Industries Q4 Results Live : Revenue increased by 21.27% YoY & profit decreased by 34.02% YoY

8 May 2024 2:13 am
Selan Exploration Technology Q4 Results Live : profit rise by 129.05% YOY

Selan Exploration Technology Q4 Results Live : Revenue increased by 108.99% YoY & profit increased by 129.05% YoY

8 May 2024 2:13 am
Marico Q4 Results Live : profit rise by 5.3% YOY

Marico Q4 Results Live : Revenue increased by 1.7% YoY & profit increased by 5.3% YoY

8 May 2024 2:13 am
Grindwell Norton Q4 Results Live : profit falls by 6.67% YOY

Grindwell Norton Q4 Results Live : Revenue increased by 3.95% YoY & profit decreased by 6.67% YoY

8 May 2024 2:12 am
Cartrade Tech Q4 Results Live : profit rise by 50.58% YOY

Cartrade Tech Q4 Results Live : Revenue increased by 51.54% YoY & profit increased by 50.58% YoY

8 May 2024 2:12 am
Rapicut Carbides Q4 results : profit at 0.53Cr, Revenue increased by 7.72% YoY

Rapicut Carbides Q4 results : Revenue increased by 7.72% YoY & profit at 0.53Cr

8 May 2024 2:12 am
PB Fintech Q4 results: Firm back in black, PAT at 64 crore; revenue grows to 1,089.57 crore

The consolidated revenue for the quarter reached 1,089.57 crore, marking a notable increase of 25.36 per cent compared to 869.10 crore reported in the same period last year.

7 May 2024 10:29 pm
Bharat Forge patriarch refuses to part family wealth with children of estranged sister

In an affidavit filed on Monday in the civil court of Pune, Kalyani said Sameer Hiremath and Pallavi Swadi cannot ask for any partition of the assets or wealth owned by any Kalyani joint family entity.

7 May 2024 10:00 pm
Mint Primer | Infra financing guidelines: Why are banks upset?

Banks faced NPA crisis between 2009 and 2012 due to excessive lending to infrastructure firms, prompting the Reserve Bank of India to frame guidelines on resolving stressed assets

7 May 2024 10:00 pm
Spectrum allocation for satcom delayed, reference to Trai after elections

Allocation of spectrum for satellite broadband services will take another four to six months, as the terms of reference may go out only after elections.

7 May 2024 8:14 pm
Q4 results: JSW Energy profit rises 29% to 351 crore, declares 2 per share dividend

JSW Energys total revenue increased by 3% YoY to 2,879 crore in Q4 FY24 from 2,806 crore in Q4 FY23

7 May 2024 7:10 pm
Dr Reddys Q4 net profit rises 36% to 1,307 crore, surpasses market expectations

For the full year FY24, DRL reported a net profit of 5,568.4 crore, a 36% increase, and total revenues of 27,920 crore, up 14% on year, led by performances in North America, Europe, and emerging markets.

7 May 2024 7:07 pm
Atul Das moves on from Zee, Mangesh Kulkarni named business head

Last month, Zee's board of directors approved a new organizational framework suggested by Punit Goenka, the managing director and CEO.

7 May 2024 6:44 pm
India sees 230% surge in ghost shopping malls: Report

Several shopping centers are struggling as an increasing number of consumers turn to online shopping and are shifting to larger centers for enhanced experiences.

7 May 2024 6:35 pm
An indelible ink maker looks to make a mark beyond the poll booth

The tiny PSU was founded in 1937 by Krishnaraja Wadiyar IV, maharaja of the kingdom of Mysore. Despite being in business for nearly nine decades, MPVL has not really tried to venture beyond its core businessthe indelible ink. But the winds of change are now blowing across the company.

7 May 2024 6:24 pm
IDFC Q4 results: Net profit declines 90% to 348 crore, revenue stood at 9.77 crore

IDFC's net profit witnessed a significant decline of 89.73% to 347.85 crore in the quarter ending March 2024, compared to 3,387.39 crore recorded in the preceding quarter ending March 2023.

7 May 2024 6:02 pm
After Patanjali rebuke, Supreme Court targets makers, endorsers of deceptive food and health ads

A Supreme Court bench has asked advertisers to submit self-declaration forms confirming compliance with cable TV rules and advertising codes before airing ads

7 May 2024 5:50 pm
Paytm: Two more top executives depart amid restructuring efforts

The resignations come amid the company's restructuring effort, which has led to several leadership changes in recent times

7 May 2024 5:40 pm
Onion tea might make you tear up, but listen to your gut

After backing a plan to make sweeteners from onion waste, the consumer affairs ministry is now supporting a team that's come up with onion-based prebiotic tea

7 May 2024 4:53 pm
India's IIFL Finance facing liquidity crunch after gold loan business curbs: Report

In early March, the Reserve Bank of India (RBI) ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing material supervisory concerns in its gold loan portfolio.

7 May 2024 3:54 pm
Hinduja's IIHL proposes changes to corporate structure in Reliance Capital takeover

When seeking these approvals, the Hinduja Group had proposed implementing the transaction through two companies it owns. It now wants to include four new companies in the resolution plan.

7 May 2024 3:43 pm
Blackstone, Temasek, Bain eye a big bite of Haldiram Snacks

The grandsons of Haldiram founder Ganga Bhishen Agarwal are evaluating a stake sale

7 May 2024 3:43 pm
Tesla lays off more staff in software, service teams; plans to cut over 6,700 jobs: Report

According to internal emails obtained by Electrek, Tesla communicated these changes to its employees over the weekend, suggesting a major organizational reshuffle is underway.

7 May 2024 3:22 pm
The cloud is building; will TCS, Infosys, Wipro get showers of joy?

Microsoft Azure, AWS and Google Cloud clocked record new business in the March quarter, a promising turn for India's IT services firms that help move technology work from standalone data centres to those owned by cloud computing firms

7 May 2024 3:03 pm
National Broadcasting Policy is restrictive and heavy-handed, media industry bodies tell Trai

Several entities representing members of the film, television and streaming-video industries criticised the policy in comments to the telecom regulator, saying it was beyond Trai's remit and would harm free speech.

7 May 2024 1:29 pm
Flex office operators to ramp up expansion, deepen tier 2 presence this year

Co-working firms and managed office providers will expand in both metros and smaller cities in 2024-25 amid increasing demand for flexible offices

7 May 2024 1:05 pm