Corporate News
Adani Wilmar Achieves Record Half-Yearly Net Profit of ₹624 Crore
The Adani Group company clocked Rs 326 crore in standalone profit (PAT), up from Rs 324 crore in Q1 FY25. The company saw 18 percent revenue surge at Rs 14,460 crore in the quarter, year-on-year.
Mankind Pharma Finalizes Acquisition of BSV for ₹13,768 Crore
This strategic acquisition positions Mankind to be a market leader in the women's health and fertility drug space within India and also allows entry into other very high-entry-barrier products in the critical care segment through platforms established by BSV's well-established complex R&D tech platforms.
MakeMyTrip Reports Q2 Profit of $17.9 Million
The revenue for the quarter in accordance with International Financial Reporting Standards was up 26.5 percent in constant currency to USD 211 million from USD 168.7 million in Q2 FY24, according to a statement. Adjusted operating profit rose 32.9 per cent year-on-year to USD 37.5 million in Q2 FY25.
Paytm Reports ₹928.3 Crore Q2 Profit Boosted by Sale of Entertainment Ticketing Business
Consolidated revenue from operations dipped 34.1% year on year to Rs 1,659.5 crore in the just-ended quarter.
Adani Group to Acquire CK Birla's Orient Cement for ₹8,100 Crore Valuation
Ambuja Cements, the cement and building material company of Adani Cement, has signed a binding agreement for acquiring Orient Cement Ltd at an equity value of Rs. 8,100 crore.
Zepto CEO Praises Modi Govt for Boosting Growth of Start-ups
Speaking to the media persons on the sidelines of the NDTV World Summit, Aadit Palicha said that "this is India's century. Thanks to the government's work in providing infrastructure needed to build such exceptional companies, we are working hard to create impactful businesses here in India that will employ hundreds and thousands of people and contribute to the country's economy.".
Tech Mahindra Posts 153% PAT Growth, Reaching ₹1,250 Crore in Q2
The total headcount at the end of the quarter for Tech Mahindra came in at 154,273, up by 6,653 on-quarter and 3,669 YoY.
Kotak Mahindra Bank Reports 5% Rise in Q2 Profit to Rs 3,344 Crore
In that very quarter last fiscal, the bank had netted a profit of Rs 3,191 crore.
Jindal Stainless Reports 20% Drop in Net Profit to Rs 609.42 Cr for September Quarter
According to a filing with the exchange, the company had reported a net profit of Rs 764.03 crore during the July-September quarter of the past fiscal 2023-24.
Nestle India Reports Q2 Net Profit Drop to Rs 899 Cr, Manish Tiwary Named New India MD
Company continues accelerated growth of nearly 38 per cent in the quarter primarily driven by quick commerce and spurred on by brands such as Kitkat, Nescafe, Maggi, and Milkmaid. The company states that growth has been supported by premiumisation, new user acquisition, festive participation, and targeted digital communications.
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