Corporate News
Hindalco Records Q2 Profit After Tax of Rs 847 Crore
According to the regulatory filing, the company achieved operational revenue of Rs 20,676 crore for the quarter ending September 30, 2023, compared to Rs 18,382 crore in Q2FY23.
SoftBank Surprises with $6.2 Billion Loss Following WeWork Bankruptcy
This development compounds challenges for shareholders and founder Masayoshi Son, particularly following WeWork's recent bankruptcy filing—one of the group's significant investments.
Bata India Sees Net Profit Decrease to Rs 34.48 Crore Due to VRS Expenditure
The net profit for this period stood at Rs 34.48 crore, down from Rs 51.1 crore reported in the same period in the previous year.
BHEL Records Rs 238 Crore Loss in July-September Quarter
This contrasts with the profit of Rs 12.10 crore the company had achieved in the same quarter of the previous year.
Tata Power Reports 9% Growth in Q2 Net Profit, Reaches Rs 1,017 Crore
The company also disclosed that it has successfully resolved the tariff issue affecting its hydro power plant in Zambia and has received a portion of the outstanding dues, amounting to $102 million, from the Zambia Electricity Supply Corporation.
Uber Records 11% Sales Growth, Reaching $9.3 Billion in Q3 with 27 Million Daily Trips
Gross bookings experienced a significant 21% year-over-year growth, reaching $35.3 billion.
Dating App Bumble Appoints Lidiane Jones, Former Slack Executive, as CEO
Established in 2014 by Wolfe Herd with the mission of cultivating an empowering and safe online dating environment for women, Bumble has evolved into a thriving community.
HPCL posts Rs 5,827 crore profit in July-September quarter
However, the net profit for HPCL fell 14 percent sequentially from its April-June quarter profit of Rs 6,765.50 crore due to a spike in crude oil prices.
Dunzo Reports Loss of Rs 1,800 Crore and Revenue of Rs 226 Crore in FY23
A significant portion of Dunzo's operating revenue, approximately 62%, came from the sale of traded products, amounting to Rs 141 crore in FY23.
Female CEOs fail after taking control of problem-hit companies: Study
It may support the idea that female leaders are subject to a “glass cliff” where they are set up to fail, media reports said.
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