Corporate News
Kotak Mahindra Bank Acquires Standard Chartered India's Personal Loan Business for Rs 3,330 Crore
The acquisition, which received the necessary regulatory approvals, will help Kotak strengthen its position in the retail credit market, Kotak Mahindra Bank said in an exchange filing.
HUL Reports 19% Profit Growth in Q3, Acquires 90.5% Stake in Minimalist for ₹2,955 Crore
Its biggest FMCG company announced the acquisition of a 90.5% stake in direct-to-consumer beauty brand Minimalist for Rs 2,955 crore, with the remaining 9.5% stake to be acquired from its founders, Rahul and Mohit Yadav, within two years.
HDFC Bank Reports 2.2% Net Profit Growth in Q3 Despite Rise in Gross NPA
For the December quarter, the bank's profit stood at Rs 16,736 crore, compared to Rs 16,373 crore in the same period last year.
Paytm Q3 Consolidated Loss Shrinks to Rs 208.5 Crore
The company said it posted a loss of Rs 221.7 crore in the same period a year ago.
Wipro's Q3 Net Profit Increases 4.5% to Rs 3,254 Crore
The company has declared an interim dividend of Rs 6 per share.
Tech Mahindra Reports 21.4% Drop in Net Profit to Rs 988 Cr in Q3, Revenue Falls 3.8%
The company also reported 3.8 per cent decline (quarter-on-quarter) in revenue at Rs 13,300 crore, from Rs 13,835 crore in the same period last fiscal, according to its filing with stock exchanges.
Infosys Reports 11.5% Net Profit Growth, Reaching Rs 6,806 Crore in Q3
The digital services and consulting leader delivered strong and broad-based performance with $4,939 million in Q3 revenues, growth of 1.7 per cent sequentially and 6.1 per cent (year-on-year) in constant currency.
HCLTech Reports 5.5% Net Income Growth, Reaching Rs 4,591 Crore in Q3
The EBIT margin increased to 19.5 per cent in Q3 from 18.58 in Q2 FY25, up 90 bps or beating analysts' estimates of 19.3 per cent.
Page Industries Appoints Karthik Yathindra as CEO
Karthik Yathindra has over 15 years of experience in sales, retail, product, marketing, and business management in the fashion and lifestyle industry.
India Cements Appoints New Leadership, UltraTech Names CEO & CFO for New Subsidiary
The board of India Cements Ltd (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO, the company said in a regulatory filing.
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