Corporate News
Yatra Online CFO Rohan Mittal Resigns Amid Stock Plunge of Over 55% in a Year
Mittal, who joined as CFO in September 2022, resigned on March 10 for wanting to explore new career opportunities, the company revealed in its stock exchange filing.
Unilever CEO Confident in India's Growth, Banks on Quick Commerce Boom
Speaking at a fireside chat with Warren Ackerman, Head of Staples Equity Research at Barclays, Fernandez emphasized the significance of India as Unilever's second-largest market and one of the most critical pillars for its growth strategy going forward.
Britannia CEO Rajneet Kohli Resigns, Company Shares Decline
Although Kohli did not mention the specific cause for his resignation, he indicated in his letter of resignation that he intends to "pursue an external opportunity." The 50-year-old executive comes with a deep leadership experience, having worked in important positions before at Jubilant FoodWorks (Domino's India), Asian Paints, and Coca-Cola Co.
Foxconn Subsidiary Ennoconn to Enter India, Strengthening Industrial Automation
Apple's business in India, meanwhile, reached a whopping $23.5 billion in FY24, further cementing India's emerging position as a robust manufacturing alternative to China and Vietnam.
SpiceJet's Revenue Plummets 36% in Q3, Q2 Losses Widen to ₹441 Crore
The decline comes notwithstanding a steady improvement in domestic air travel demand in India in the last eight quarters.
Patanjali Foods Reports 71% Surge in Q3 Profit, Reaches ₹371 Crore
The maker of Ruchi Gold oil reported a profit of Rs 371 crore ($42.4 million) for the three months ended December 31, compared with 2.17 billion rupees a year earlier.
Nykaa Reports 51% Surge in Q3 Profit, Reaches ₹26.4 Crore
The net profit of FSN E-Commerce Ventures -- the parent firm of Nykaa -- came in at Rs 26.41 crore in Q3FY25, against Rs 17.45 crore in the year ago period.
OYO Posts ₹166 Crore Profit in Q3 as Revenue Surges 31%
The company's revenue also saw growth of 31 per cent at Rs 1,695 crore in the October-December quarter (Q3), compared to Rs 1,296 crore a year ago period.
Ola Electric’s Q3 Loss Expands to ₹564 Crore, Revenue Falls 19% Amid Stock Decline
Ola Electric reported a net loss of Rs 495 crore for the quarter ending September 2024.
MobiKwik Reports 1,000% Drop in Net Profit to ₹55 Cr in Q3, Revenue Falls 7%
The revenue from operations also decreased by 7 per cent quarter-on-quarter to Rs 291 crore in the July-September period, its exchange filing showed.
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