Corporate News
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.
Adani to Sell Stake in Food Venture Adani Wilmar, Set to Raise Over $2 Billion
In a statement, Adani Enterprises Ltd -- which held 43.94 per cent stake in Fortune brand cooking oil, wheat flour and other food product maker Adani Wilmar Ltd -- said it would sell 31.06 per cent stake to Wilmar International. Around 13 per cent will be sold in the open market for meeting minimum public shareholding requirements.
Snapdeal's Loss Narrows to Rs 160 Crore in FY24
Secondly, the loss of the company on its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) decreased to 88 percent at Rs 16 crore during FY24 from Rs 144 crore during FY23.
UltraTech to Acquire 8.69% Stake in Star Cement from Promoters in Rs 851-Cr Deal
Star Cement, having an installed capacity of 7.7 MTPA (million tonnes per annum), has a presence in the markets of north-eastern India and is rapidly expanding in West Bengal and Bihar.
J&K Bank Appoints Amitava Chatterjee as New MD
Amitava Chatterjee has completed his Masters in Business Administration from ICFAI University Hyderabad besides having qualified the CAIIB offered by IIBF.
India Cements Promoter N Srinivasan Steps Down as UltraTech Completes Acquisition
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements Ltd (ICL), representing 32.72 per cent of the equity share capital of the company.
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