Corporate News
Vedanta Revises Demerger Plan, Retains Base Metal Business Under Parent Company
The decision followed discussions with stakeholders, including lenders, and was approved by the board of directors during a Friday meeting.
Unacademy Faces a Rs 285 Crore Loss in FY24
The company managed to narrow down the losses since the reduction in its expense has brought relief.
Google Appoints Preeti Lobana as Country Manager and VP for India
She will lead Google India's sales and operations, spearheading the company's commitment to the burgeoning digital economy in the country.
Edtech Unicorn upGrad Reports Rs 560 Crore Loss in FY24
The total income of the higher education and upskilling company grew 30 per cent year-on-year (YoY) basis to Rs 1,547 crore in FY24. It was Rs 1,194 crore in FY23.
Zepto Reduces Loss to Rs 1,248.6 Cr in FY24, Revenue Doubles to Rs 4,454 Cr
The Mumbai headquartered company has posted a revenue of Rs 4,454 crore in FY24 that's nearly two-fold increase over the previous fiscal Rs 2,025 crore.
Microsoft India Profit Soars 38% to Rs 898 Crore in FY24
The company is involved in research and development, sale, and marketing of Microsoft software products.
Cars24's Net Loss Increases by 6.4% to Rs 498 Crore in FY24
That is 6.4 per cent up. According to the latest financials of the company, expenses saw an increase of 23.3 per cent, year-on-year to Rs 7,461 crore, from Rs 6,053 crore in FY23.
Fintech Firm Lendingkart Reports 6% Profit Decline, Earns Rs 175 Crore in FY24
Employee benefit expenses rocketed 75.70 per cent to Rs 199 crore. Finance cost increased by 16.8 per cent to Rs 293.53 crore last fiscal.
Patanjali Ayurved Sees 23% Revenue Growth in FY24, Reaching Rs 9,335.3 Crore, Boosted by Patanjali Foods OFS
Other income of Patanjali Ayurved in FY24 stood at Rs 2,875.29 crore against Rs 46.18 crore for the year-ago period, Tofler business intelligence platform data show.
Nvidia Reports Strong Revenue Growth of $35.1 Billion in the AI Era
"The age of AI is in full steam, propelling a global shift to Nvidia computing. Demand for Hopper and anticipation for Blackwell — in full production — are incredible as foundation model makers scale pretraining, post-training and inference," Jensen Huang, founder and CEO of Nvidia said.
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