Corporate News
Massive opportunity in India if you take a decade-long perspective: PepsiCo CEO
The Constitution has explicitly prohibited the diversion of SC/ST funds for any other use. This is illegal and warrants action, Meghwal stated to reporters.
TCS Q1 Net Profit Up 8.7%; Expresses Caution About Sustaining Growth in FY25
Despite this, TCS is optimistic that FY25 will outperform the previous year. As the first major IT player to release its earnings for the April-June period, TCS achieved a 5.4% rise in revenue, totaling ₹62,613 crore. CEO K. Krithivasan noted satisfaction with the overall growth but acknowledged challenges in predicting sustainability.
Dezerv Secures $32 Million Funding Round with Premji Invest Leading
"India's creators of wealth will grow their wealth by nearly $1.2 trillion in five years, growing at 14 per cent CAGR," says Sandeep Jethwani, Co-Founder, Dezerv.
'Paytm was like a daughter to me who met with an accident' : CEO Vijay Shekhar Sharma on Paytm
He reflects on some of the recent regulatory action by Reserve Bank of India in the case of Paytm Payments Bank, in which the emotional cost has been paid through Sharma, according to him: "That is a professional responsibility one has to bear at times.
Indian FMCG Sector Sees Mergers & Acquisitions Surge to $938 Million in First Half of 2024
Terming it the "smoking gun" in the controversy over Adani's stock sale, Jethmalani zeroed in on Anla Cheng, Kingdon's wife and a known entity with Chinese connections in the US. Jethmalani accused the couple of using Kotak Mahindra Investments Limited to create an offshore account for trading Adani shares and earning huge profits by short selling them.
Ixigo Reports Over 200% Growth in Profit to Rs 73 Crore for FY24
Total revenues from operations grew by 20.4% y-o-y in Q4 FY24 to Rs. 164.9 Crore, showing sustained growth momentum across the year.
Unacademy CEO Critiques Byju Raveendran's Leadership Failures
"Byju failed because he didn’t listen to anyone. He put himself on a pedestal and stopped listening. Don’t do that. Never do that. Don’t listen to everyone but have people who can give you blunt feedback," Munjal emphasized in a series of posts shared on X.
Raymond Shareholders Back Gautam Singhania's Continued Role as CMD
"The company's shareholders, at its AGM held on June 27, approved the re-appointment of Singhania," Raymond Ltd said in a regulatory filing, adding that the AGM commenced at 3 pm and concluded at 4.05 pm.
UltraTech Cement Adjusts Acquisition Plan, Targets 25% Stake in RAKWCT
The company will acquire 12.50 crore shares of RAKWCT, which is lower than the proposed 15.80 crore shares in an earlier offer. A filing on Tuesday confirmed about the transaction by UltraTech Cement Middle East Investments Ltd (UCMEIL), its wholly owned subsidiary in UAE.
Prosus Writes Off Byju's Investment, Incurs $493 Million Loss
"A fair value loss of $493 million was recognised in other comprehensive income in the current year," Prosus informed.
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