Page 114 - Bs Reporter

Tata Motors sets record date of Sep 1 for DVR conversion, share Issuance

Tata Motors on Monday issued a detailed notice intimating tax deductions applicable to various categories of investors

Cannot cut rates due to one-off inflation dip, says RBI governor Das

The six-member Monetary Policy Committee of the RBI has kept the policy repo rate unchanged at 6.5% since February 2023

Global gaming major Flutter bets big on India, opens GCC in Hyderabad

New York Stock Exchange-listed firm invests $3.5 million, hires 700 employees to focus on data engineering & game integrity

TCS launches latest Pace Studio in Stockholm, first in Nordic region

Indian IT company's facility will offer customers access to an innovation ecosystem

HCLTech appoints Shiv Walia as new CFO, Prateek Aggarwal to step down

Walia is a graduate in Commerce from SRCC, Delhi, a cost accountant, and a chartered accountant from both India and Australia

Net foreign direct investment rises to $6.9 billion in Q1, shows RBI data

Manufacturing, financial services, communication services, computer services, and electricity and other energy sectors accounted for about 80 per cent of the gross FDI inflows

Private capex could increase to Rs 2.45 trillion in FY25, says RBI study

According to the RBI, the infrastructure sector continued to attract the major share of envisaged capital investment, led by the 'roads & bridges' and 'power' sectors

Murugappa Group FY24 results: Net profit rises 15.2% to Rs 7,885 crore

During the year, the group's return on equity for its financial services businesses improved marginally to 19.2 per cent from 19 per cent in the previous year

E-scooter maker Ola Electric valuations hit $7 bn; up 75% over IPO price

The latest jump in Ola's stock price comes after it launched a new line of motorcycles and on bets that it will lower costs by using its own batteries

Commodity major Hindustan Zinc offer for sale gets bids for Rs 3,150 crore

Promoter less than half of what Vedanta was eyeing

Warburg Pincus buys majority stake in furniture fittings maker Ebco

Ebco is one of India's oldest and most prominent furniture fittings and architectural hardware brands, said a company statement

Apollo Hospitals Q1 FY25 results: Net profit rises 83% to Rs 305 crore

During the period under review, the company's revenue grew by 15 per cent to Rs 5,086 crore, compared to Rs 4,418 crore during the same quarter last fiscal

Muthoot Finance posts highest-ever net profit of Rs 1,196 crore in Q1

This growth is a testament to our three-pronged strategy to focus on disbursements, operational efficiency, and maintaining healthy margins, says George Alexander

Kitchen and personal care brand Beco raises $10 mn in pre-Series B round

Founded in 2019 by Aditya Ruia, Akshay Varma, and Anuj Ruia, the Mumbai-based company claims to have achieved 3x growth in the last year

EyeROV raises Rs 10 cr in pre-Series A round led by Unicorn India Ventures

In the financial year 2024, EyeROV secured multiple contracts domestically and internationally, expanding its reach through partnerships in India and the GCC region

Groww Mutual Fund lists Nifty EV & New Age Automotive ETF on NSE

This is Groww Mutual Fund's first live ETF, which is available for trading with most brokers and investment platforms

Indian smartphone market grows 7.2%, reaching 69 million in H1 2024

5G smartphone market share up to 77 per cent in Q2 2024, ASPs decline by 22 per cent

Stock derivatives now under surveillance norms; FirstCry to debut on Tue

According to grey market players, Unicommerce could list at a 60% premium, while FirstCry at 20%

Need frequent data on job creation, says CEA V Anantha Nageswaran

Currently, MoSPI releases labour force data for urban areas in the form of PLFS quarterly, while for rural areas it is brought out annually

Revenue for Indian API companies to grow at 7-8% CAGR by 2029: ICRA

The industry is also expected to see a mild improvement in operating profit margins (OPM) to 12 to 14 per cent in financial year 2025 (FY25), from the estimated 11 to 13 per cent in FY24