Corporate News
Byju's Main Business Records a Net Income Loss of Rs 2,253 Crore in FY22, Achieves 2.3x Revenue Growth
EBITDA loss represents a loss in earnings before interest, taxes, depreciation, and amortization.
SBI Reports Net Profit of Rs 14,330 Crore in Q2
SBI's net interest income (NII) has also shown a strong increase, rising by 12.3 percent to Rs 39,500 crore, up from Rs 31,184 crore in the same period of the previous financial year.
Vedanta Records a Loss of Rs 1,783 Crore in the July-September Quarter
The loss was primarily attributed to a substantial increase in the net tax outgo, which rose to Rs 9,092 crore from Rs 1,674 crore in the previous year.
India's Growing Middle Class Boosts Apple to Record Q3 Revenue, Says Tim Cook
n a noteworthy development, Apple experienced robust double-digit growth in the Indian market from July to September, a period that coincided with the launch of the highly anticipated iPhone 15 series on September 22.
Adani Power Posts Remarkable Q2 Net Profit Surge of Over 800% to Rs 6,594 Crore
The company's revenue from operations for the quarter stood at Rs 12,990.58 crore, representing an 84.42 percent surge from the Rs 7,043.77 crore reported in the same quarter of the previous year.
Godrej Properties Reports a 21.5% Surge in Q2 Net Profit
During the July-September quarter of the current financial year, the company's total income surged to over Rs 605 crore, marking a significant increase from the Rs 369.2 crore reported during the corresponding period of the previous year.
Q2 Results: Tata Steel Faces Rs 6,511 Crore Loss in Latest Quarter
The company's consolidated total revenue from operations for this quarter was Rs 55,681 crore, a decrease from the Rs 59,877 crore reported in the same period the previous year.
Hero MotoCorp Reports 47% Surge in Profits; Chairman Munjal Accepts 20% Pay Reduction
The revenue from operations also saw a 4 percent rise, reaching Rs 9,445.42 crore for the quarter.
IT Companies Experience Yet Another Quarter of Lackluster Growth
The underlying trends observed in Q2 were quite similar to those of the previous quarter, with North America continuing to be the epicenter of weakness.
Unacademy's CFO Steps Down in Yet Another Top-Level Resignation Under Gaurav Munjal
This marks the second senior-level departure from the edtech startup in recent months. The Morning Context reported that Ramachandran has submitted his resignation and is currently serving his notice period, as per inside sources.
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