Corporate News
IvyCap Ventures Successfully Concludes 'Fund III' at Rs 2,100 Crore
This latest fund, ‘Fund III’, is earmarked to back approximately 25 companies at the Series A level, with initial investments averaging between Rs 30-50 crore.
Hemant Bakshi Resigns as Ola Cabs CEO, Company Announces Workforce Reduction
This is informed by his need to venture into opportunities that could extend beyond the company's confines. It sets the stage for Ola in a period of restructuring that will seek to tighten profitability even as it prepares the company for future growth.
Bajaj Auto Reports Strong Q4 Performance with Rs 2,011 Crore Net Profit, Announces Rs 80 Per Share Dividend
In terms of revenue, Bajaj Auto posted a robust figure of Rs 11,554.95 crore for the January-March quarter, reflecting a notable growth compared to Rs 9,192.73 crore reported in the same period last year.
Infosys Reports 30% Surge in Q4 Profit to Rs 7,969 Crore
In tandem with the profit surge, Infosys also witnessed a commendable uptick in its consolidated revenue during the reported quarter, edging up by 1.3 percent to Rs 37,923 crore from Rs 37,441 crore in the comparable quarter of the preceding year.
Just Dial Reports 38.44% Increase in Q4 Net Profit to Rs 115.74 Cr
During the quarter under review, the company's consolidated total income rose to Rs 361.56 crore, up from Rs 306.69 crore in the same period last year.
Byju Raveendran Assumes Daily Operational Role Following CEO Mohan's Departure
In a strategic move, the company disclosed a significant restructuring endeavor aimed at streamlining its operations into three distinct divisions: The Learning App, Online Classes and Tuition Centers, and Test Preparation.
TCS Reports 9% Rise in Q4 Net Profit, Fueled by Indian Operations; Optimistic Outlook for FY25
Throughout the fiscal year, TCS witnessed a commendable 9% surge in net profit, amounting to Rs 45,908 crore, with revenue climbing from Rs 2,25,458 crore to Rs 2,40,893 crore compared to the previous year.
TCS Reports 9% Surge in Q4 Net Profit: Declares Rs 28 per Share Dividend
The company's board sanctioned a final dividend of Rs 28 per share.
Surinder Chawla Steps Down as CEO of Paytm Payments Bank
The restructuring within PPBL has been emphasized, with the board undergoing significant changes. As stated by One 97 Communications Limited, nearly all agreements between the parent company and PPBL have been terminated, a process initiated and disclosed on March 1, 2024. The reconstitution of PPBL's board now includes five independent directors, including an Independent Chairperson, without any nominees from the parent company.
Byju’s Subsidiary Aakash Educational Services Names Deepak Mehrotra as Managing Director and CEO
Byju Raveendran, Co-founder and CEO of Byju’s, expressed confidence in Mehrotra's ability to drive the company's ambitious growth plans and capitalize on the current momentum. Mehrotra, equipped with a bachelor's degree in electrical engineering from IIT Roorkee, an MMS from JBIMS, and having completed an Executive program from The Wharton School in Philadelphia, is well-equipped to steer Aakash Educational Services towards further success.
Don't Miss
Advertisement