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Nazara Technologies sees Q2 profit decline 33% to Rs 16 crore

Nazara Technologies sees Q2 profit decline 33% to Rs 16 crore

Fri, Nov 15, 2024

Nazara Technologies Q2 Results: Homegrown gaming and sports media company Nazara Technologies reported 33 per cent drop in its net profit for the July-September period (Q2 FY25).

Global Health Q2 Results: Net profit rises 5% to Rs 131 crore

Global Health Q2 Results: Net profit rises 5% to Rs 131 crore

Thu, Nov 14, 2024

Global Health Q2 Results: Global Health, which operates hospitals under the Medanta brand, on Thursday said its profit after tax increased 5 per cent to Rs 131 crore in the September 2024 quarter.

Glenmark Pharmaceuticals PAT at Rs 354.49 crore in September quarter

Glenmark Pharmaceuticals PAT at Rs 354.49 crore in September quarter

Thu, Nov 14, 2024

Glenmark Pharmaceuticals Ltd on Thursday reported a consolidated profit after tax of Rs 354.49 crore in the second quarter ended on September 30, 2024.

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Finolex Cables expects Rs 11,000 crore revenue by 2028

Finolex Cables expects Rs 11,000 crore revenue by 2028

Tue, Mar 21, 2023

Finolex Cables is the largest manufacturer of electrical and communication cables and pioneered the segment among domestic manufacturers, and its wire and cable products are used in applications such as automobiles, lighting, cable TV, telephones, and computers to industrial applications.

GAIL wins bankruptcy court nod to acquire JBF Petrochemicals

GAIL wins bankruptcy court nod to acquire JBF Petrochemicals

Wed, Mar 15, 2023

In a stock exchange filing, GAIL (India) Ltd said the Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the resolution plan it had submitted after JBF was auctioned by lenders to recover unpaid dues.

PVC pipes, fittings manufacturers to log volume growth of 13-15% in FY24: Crisil Ratings

PVC pipes, fittings manufacturers to log volume growth of 13-15% in FY24: Crisil Ratings

Mon, Mar 13, 2023

Higher capital allocation in the Union Budget for irrigation and housing schemes such as Jal Jeevan Mission and Pradhan Mantri Awas Yojana and continued healthy demand from the residential real estate sector, CRISIL Ratings Director Anand Kulkarni said.

Welspun One Logistics Parks launches second fund of Rs 2,000 crore

Welspun One Logistics Parks launches second fund of Rs 2,000 crore

Mon, Mar 13, 2023

Welspun launched the first fund in early 2021 and had got capital commitments worth Rs 500 crore from high net-worth investors and family offices and the capital was invested in companies, aggregating to 6.5 million squre feet and it expects to deliver 50 per cent of the portfolio by mid-2023, the company said in a statement.

LIC's debt exposure in Adani group companies dips marginally to Rs 6,183 crore as of March 5

LIC's debt exposure in Adani group companies dips marginally to Rs 6,183 crore as of March 5

Mon, Mar 13, 2023

Finance Minister Nirmala Sitharaman said, "The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore and Rs 6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively".

India's chemical demand likely to jump to USD 1,000 billion by 2040

India's chemical demand likely to jump to USD 1,000 billion by 2040

Sun, Mar 12, 2023

In the report titled 'India: The next chemicals manufacturing hub', McKinsey said the country's chemical industry has been a global outperformer in demand growth and shareholder wealth creation over the last decade.

Godrej Industries plans to raise Rs 1,000 crore via bonds

Godrej Industries plans to raise Rs 1,000 crore via bonds

Sat, Mar 11, 2023

Godrej Industries operates in the businesses of Oleochemicals, surfactants, finance & investments and estate management. The issue has been divided into two tranches of 25,000 NCDs with a face value of Rs 1 lakh each.

BYJU's plans to shut coding platform WhiteHat Jr

BYJU's plans to shut coding platform WhiteHat Jr

Thu, Mar 02, 2023

People close to the development earlier told IANS that the top BYJU's management was in a huddle and meetings were on to appraise the WhiteHat Jr employees about the situation in the next few days.

Matrimony app Betterhalf raises $8.5 million funding from FinSight Ventures, Instagram co-founder, others

Matrimony app Betterhalf raises $8.5 million funding from FinSight Ventures, Instagram co-founder, others

Thu, Mar 02, 2023

Betterhalf, said it is "uniquely positioned as a new-age matrimony platform" and "envisions building a super app unicorn of Indian matrimony and full-stack tech-enabled wedding services as the company's growth pillars".

Swiggy sells Cloud Kitchen biz to Kitchens@ as food delivery growth slows down

Swiggy sells Cloud Kitchen biz to Kitchens@ as food delivery growth slows down

Thu, Mar 02, 2023

The Swiggy Access programme allows restaurant partners to establish kitchen spaces in neighbourhoods where they do not currently operate, with the goal of offering more variety and shortening delivery times for consumers.

Airtel reaches 1 million customer mark on 5G network in Mumbai

Airtel reaches 1 million customer mark on 5G network in Mumbai

Thu, Mar 02, 2023

Airtel recently crossed the 10 million unique customer mark on its 5G network nationally. The Sunil Mittal-led telco said it is well poised to cover every town and key rural areas with Airtel 5G services by end of March 2024.

PNB not to divest its stake in Canara HSBC Life Insurance

PNB not to divest its stake in Canara HSBC Life Insurance

Wed, Mar 01, 2023

The board of directors in its meeting held on February 28, 2023 has accorded approval for withdrawal of the process for divestment of bank's stake in Canara HSBC Life Insurance Co Ltd, PNB said in a regulatory filing.

Vikas Ecotech aims to be debt-free in FY24

Vikas Ecotech aims to be debt-free in FY24

Wed, Mar 01, 2023

Vikas Ecotech is a small-cap company that operates in the specialty chemical industry. It is a leading supplier of premium specialty chemicals to clients worldwide. It supplies chemicals to several industry players including in agriculture, automobiles, cables, electricals, hygiene, healthcare, polymers and more.

Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order in Delhi

Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order in Delhi

Wed, Mar 01, 2023

The food delivery platforms have sought clarification from the government on the directive while claiming that there has been misinterpretation of the notice as the ban is applicable on bike taxi service providers.

Tata Power Renewable gets Rs 2,000 crore infusion from GreenForest

Tata Power Renewable gets Rs 2,000 crore infusion from GreenForest

Wed, Mar 01, 2023

"TPREL...Has received the second and final round of investment of Rs 2,000 crore from GreenForest and has successfully allotted 20,00,00,000 Compulsorily Convertible Preference Shares (CCPS) at face value of Rs 100 each at par aggregating to Rs 2,000 crore on a preferential basis to GreenForest," a statement said.

Ericsson to lay off 8,500 employees globally to cut costs

Ericsson to lay off 8,500 employees globally to cut costs

Fri, Feb 24, 2023

The company said in a statement earlier this week that the company intended to conduct the job cut process through a voluntary programme after closing negotiations with employee unions, Barron`s had reported.

JK Tyre looks to expand retail presence; bolster presence in SUV, EV space

JK Tyre looks to expand retail presence; bolster presence in SUV, EV space

Mon, Feb 20, 2023

The company on Monday launched six new brand shops spread across Uttar Pradesh, Haryana and Rajasthan as part of its plans to improve its presence, especially in smaller towns and rural areas.

Servotech Power, Dubai's Al-Ansari Motors ink pact to install EV charging solutions

Servotech Power, Dubai's Al-Ansari Motors ink pact to install EV charging solutions

Mon, Feb 20, 2023

The two entities have signed a sole distributorship agreement, which will see Al Ansari Motors bring Servotech's EV charging capabilities to the potential electric vehicle-adopting segment in these markets, SPSL said in a statement on Monday.

HP Inc layoffs 2023: PC, printer major announces to cut jobs in Israel

HP Inc layoffs 2023: PC, printer major announces to cut jobs in Israel

Mon, Feb 20, 2023

The company in November last year announced it will lay off nearly 4,000-6,000 employees by the end of 2025, which is between 7-11 per cent of its workforce.

UltraTech Cement’s climate change score improves

UltraTech Cement’s climate change score improves

Sat, Feb 18, 2023

UltraTech in a release said that it focuses on using globally emerging technologies, enhancing product mix with environment-friendly products, increasing green energy usage in its operations and digitalisation of processes, in addition to adoption of carbon pricing.

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