Corporate News
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.
Bajaj Auto Reports 9% Net Profit Growth at Rs 2,005 Crore in Q3, EV Sales Soar
"Reported PAT was at Rs 2,005 crore, after making an additional provision of Rs 211 crore to account for the cumulative one-time impact on Deferred Tax on Investment Income, due to the withdrawal of indexation and change in tax rate in the Finance Act, 2024," the company said in its regulatory filing.
BharatPe Group Reports Rs 209 Crore EBITDA Loss for FY24
The average merchant lending portfolio of the company from loans originating through its platform jumped by 40 percent year over year (FY24 compared to FY23).
Hyundai Motor India Raises Rs 8,315 Crore from 225 Anchor Investors Ahead of IPO
It included as many as 21 domestic mutual funds through a total 83 schemes 34.42 per cent of the overall allocation to anchor investors.
Hyundai Motor India Raises Rs 8,315 Crore from 225 Anchor Investors Ahead of IPO
It included as many as 21 domestic mutual funds through a total 83 schemes 34.42 per cent of the overall allocation to anchor investors.
Reliance Industries Reports Quarterly Consolidated Revenue of Rs 2.58 Lakh Crore for Q2
EBITDA of RIL stood at Rs 43,934 crore in FY22, a decline of 2 per cent year over year. In contrast, EBITDA of JPL rose 17.8 per cent year over year due to a mix of better subscribers, increased scale of digital services, and rising telecom tariffs.
Hemant Jain Appointed as the New President of PHDCCI
It is an honor to lead PHDCCI at this transformative time," Jain said in a statement.
Bandhan Bank Reports 24.6% Business Growth in Q2
Collection efficiency ratio of the bank across all business verticals at the end of the second quarter of the current financial year stood at 98.2 per cent, compared to 98.7 per cent in the preceding quarter.
India Projected for 9.5% Salary Increase in 2025 as Attrition Rate Declines, Report
Doubling-digit increase is also projected in the engineering and manufacturing and retail industries, behind only financial institutions with a 9.9 percent increase, meaning talent is the strategic advantage employers in those sectors want to achieve in the current economic environment as Aon, a global professional services firm, concludes in its report.
Amway Appoints Michael Nelson as President and CEO, Succeeding Milind Pant
"Nelson succeeds Milind Pant, who had served as CEO since January 2019," said the company in a statement.
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