Corporate News
Zepto CEO Praises Modi Govt for Boosting Growth of Start-ups
Speaking to the media persons on the sidelines of the NDTV World Summit, Aadit Palicha said that "this is India's century. Thanks to the government's work in providing infrastructure needed to build such exceptional companies, we are working hard to create impactful businesses here in India that will employ hundreds and thousands of people and contribute to the country's economy.".
Tech Mahindra Posts 153% PAT Growth, Reaching ₹1,250 Crore in Q2
The total headcount at the end of the quarter for Tech Mahindra came in at 154,273, up by 6,653 on-quarter and 3,669 YoY.
Kotak Mahindra Bank Reports 5% Rise in Q2 Profit to Rs 3,344 Crore
In that very quarter last fiscal, the bank had netted a profit of Rs 3,191 crore.
Jindal Stainless Reports 20% Drop in Net Profit to Rs 609.42 Cr for September Quarter
According to a filing with the exchange, the company had reported a net profit of Rs 764.03 crore during the July-September quarter of the past fiscal 2023-24.
Nestle India Reports Q2 Net Profit Drop to Rs 899 Cr, Manish Tiwary Named New India MD
Company continues accelerated growth of nearly 38 per cent in the quarter primarily driven by quick commerce and spurred on by brands such as Kitkat, Nescafe, Maggi, and Milkmaid. The company states that growth has been supported by premiumisation, new user acquisition, festive participation, and targeted digital communications.
Bajaj Auto Reports 9% Net Profit Growth at Rs 2,005 Crore in Q3, EV Sales Soar
"Reported PAT was at Rs 2,005 crore, after making an additional provision of Rs 211 crore to account for the cumulative one-time impact on Deferred Tax on Investment Income, due to the withdrawal of indexation and change in tax rate in the Finance Act, 2024," the company said in its regulatory filing.
BharatPe Group Reports Rs 209 Crore EBITDA Loss for FY24
The average merchant lending portfolio of the company from loans originating through its platform jumped by 40 percent year over year (FY24 compared to FY23).
Hyundai Motor India Raises Rs 8,315 Crore from 225 Anchor Investors Ahead of IPO
It included as many as 21 domestic mutual funds through a total 83 schemes 34.42 per cent of the overall allocation to anchor investors.
Hyundai Motor India Raises Rs 8,315 Crore from 225 Anchor Investors Ahead of IPO
It included as many as 21 domestic mutual funds through a total 83 schemes 34.42 per cent of the overall allocation to anchor investors.
Reliance Industries Reports Quarterly Consolidated Revenue of Rs 2.58 Lakh Crore for Q2
EBITDA of RIL stood at Rs 43,934 crore in FY22, a decline of 2 per cent year over year. In contrast, EBITDA of JPL rose 17.8 per cent year over year due to a mix of better subscribers, increased scale of digital services, and rising telecom tariffs.
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