Corporate News
Glenmark Pharma Reports 2-Fold Increase in Q1 Net Profit to Rs 462 Crore
The strong demand for its medicines and a slight fall in costs - down 1.4 per cent- helped drive the profit increase.
Hero MotoCorp Sees 36% Surge in Q1 Net Profit, Reaches Rs 1,123 Crore
The company attributed the surge in profit due to good sales, revival in the rural market, and an effective new product lineup.
Bharti to Secure 24.5% Stake in BT for $4 Billion, Becoming Top Shareholder
Bharti Global, the international investment arm of Bharti Enterprises, has acquired 9.99% of BT Group with immediate effect from Patrick Drahi's Altice and will buy the remaining shares once regulatory clearances are received. The valuable consideration of the deal was not stated, but industry experts estimate it to be about $4 billion, given that BT is valued at roughly $15 billion.
South Korean Gaming Giant Krafton Takes Over Japan's Tango Gameworks
According to Krafton, the transaction will add developers from Tango Gameworks to Krafton and grant rights to Hi-Fi RUSH, the studio's very popular rhythm action combat game.
LIC Sees 10% Profit Growth to ₹10,461 Crore in Q1; Considers Majority Stake in Health Insurance Firm
Total income of LIC rose to ₹2,10,910 crore for the quarter ended June 2024, from ₹1,88,749 crore a year ago, according to a regulatory filing by the insurer.
Amazon India Country Manager Manish Tiwary Steps Down
It also reiterated that Amit Agarwal will continue to actively participate with the Amazon.in team in his capacity as senior vice president for India and emerging markets. Amazon said it has India as an important focus area, is very excited about what has been covered so far, and is optimistic for more opportunities to innovate and invent into the future for its customers.
Bharti Airtel's Q1 Net Profit Soars to ₹4,160 Crore After Exceptional Items
Airtel added 0.8 million new subscribers in Q1 2025 alone to drive its total customer base up to 24 million. Its smartphone market share increased significantly as it added 29.7 million subscribers, an increase of 12.9 percent YoY.
Titan’s Q1 Net Profit Falls 1% to Rs 770 Crore Amid Rising Gold Prices
The revenue from operations of the Tata Group company for the fiscal's first quarter grew by 9 per cent to Rs 11,263 crore from Rs 10,306 crore in the same quarter a year ago.
Adani Enterprises Ltd Reports 116% Surge in Net Profit to Rs 1,458 Crore for Q1
Operational metrics remained strong across the ecosystem of Adani New Industries Ltd. (ANIL), especially in the airport and road sectors. Strategic infrastructure businesses contributed 62% of total EBITDA in Q1 FY25, compared to 45% the previous year.
Zomato Achieves 126% Net Profit Surge to Rs 253 Crore in Q1, Fueled by Blinkit's Success
The company's stock has experienced a substantial increase, rising 174% over the past year.
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