Corporate News
Indian Bank Q2 PAT at Rs 1,987.76 crore
In a regulatory filing, Indian Bank said for the quarter ended September 30 it had earned a total interest income of Rs17,743.26 crore (Q2FY23 Rs 10,709.90 crore) and a net profit of Rs 1,987.76 crore (Rs 1,225.22 crore).
Meta logs $34 bn in revenue in Q3, AR-VR business remains in red
Total costs and expenses were $20.40 billion, a decrease of 7 per cent (year-over-year) in the September quarter. Net income rose 164 per cent from a year earlier to $11.58 billion in the quarter.
Sona Comstar logs Q2 PAT of Rs 130 crore, to enter solar power
The company also said it is negotiating with Clean Max Enviro Energy Solutions Pvt. Ltd (CleanMax) to float a solar power company.
Tech Mahindra logs lower PAT and revenue for Q2, to absorb subsidiaries
The company also announced the amalgamation of its three subsidiaries with itself.
Mamaearth posts Rs 151cr loss in FY23 as it prepares for IPO on Oct 31
Honasa Consumer Pvt Ltd, the parent company of Mamaearth and other D2C brands such as The Derma Co and Aqualogica, is expected to raise Rs 10,500 crore in the IPO, reports Entrackr.
Axis Bank books Rs 5,863 crore PAT for Q2
In a regulatory filing Axis Bank said for the quarter ended September 30, 2023 it had earned a total interest income of Rs 26,626 crore (against Q2FY23's Rs 20,238 crore) and a net profit of Rs 5,863 crore (Rs 5,329 crore).
Byju’s rejigs top leadership in finance as it prepares for FY22 results
The incumbent CFO, Ajay Goel, is returning to Vedanta Ltd, which he had quit in April.
Vedanta CFO Sonal Shrivastava quits within months of taking up job
Ajay Goel, who is currently the CFO at edtech startup Byju's, will return as Vedanta's CFO effective from October 30, the company said in a statement.
ICICI Bank logs Q2 PAT of Rs 10,261 crore
In a regulatory filing, it said that for the quarter ended September 30, it had earned a total interest income of Rs 34,920.39 crore (against Q2FY23's Rs 26,033.04 crore) and a net profit of Rs 1,323.27 crore (Rs.828.09 crore).
Kotak Mahindra Bank logs Rs 3,190cr PAT in Q2
The bank also said the Reserve Bank of India has approved the appointment of Ashok Vaswani as the Managing Director and CEO for three years.
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