Page 1252 - Company News

Macrotech Developers Q1 profit falls 34% to Rs 179 cr; sales booking jumps

Realty firm Macrotech Developers on Thursday reported a 34 per cent decline in its consolidated net profit to Rs 179.2 crore for the June 2023 quarter on lower income

Adani group lenders may offer $750 million loan for Ambuja debt

Gautam Adani's conglomerate is also in discussions with other lenders, as it seeks to refinance as much as $3.8 billion of a loan facility taken for its Ambuja acquisition

Brookfield India REIT opens issue to raise Rs 3,500 cr by selling units

Brookfield India Real Estate Trust has opened its issue to raise up to Rs 3,500 crore by selling units to institutional investors on private placement basis to fund acquisition of two assets

Growing nuclear families powering premium FMCG purchases, says Kantar

It is observed that joint families don't necessarily prefer large packs for consumption, and the nuclearisation of families is also leading to the premiumisation trend in FMCG

AirAsia India gets nod to operate under 'Air India Express' brand

The process to change the livery of AirAsia India's 27 aircraft to match Air India Express' aircraft is under progress, according to media reports

Nirma looks to raise up to Rs 7,000 crore to fund buys and expansion

The unlisted company posted revenues to the tune of Rs 11,403 crore in fiscal 2023

National Stock Exchange PAT up 9% to Rs 1,844 crore in first quarter

The bourse's revenue from operations stood at Rs 2,987 crore, up 13 per cent YoY

Sony India aims 40% growth in audio business in FY24 as demand rises

He further said:" The growth of the audio might outpace the growth of other categories"

ITC hotel demerger financially win-win, says chairman Sanjiv Puri

Financial ratios to improve significantly for ITC, while new entity will start with strong balance sheet

Amazon India announces first-ever floating store on Srinagar's Dal Lake

Amazon Logistics, India, Director Pande said this will provide faster and reliable deliveries to customers across Srinagar, opportunities for small businesses and strengthen Amazon's delivery network

Air India to start Delhi-Dhaka direct flights from Sep 15 using Airbus A320

Air India said the additional frequencies will help serve the increased demand for international travel to and from Dhaka on the back of Bangladesh's rapid economic growth and overall development

Sundram Fasteners report consolidated profit at Rs 128.74 cr in Q1

Total income on a consolidated basis for the quarter under review was Rs 1,415.27 crore as against Rs 1,421.70 crore recorded in the same period of last year

7 airlines closed down in 5 years; 16 carriers operational now: Govt data

A total of seven airlines, including Heritage Aviation and Air Odisha Aviation, have been closed down in the last five years, the government said on Thursday

Adani Transmission renames as Adani Energy Solutions with immediate effect

Adani Energy Solutions, erstwhile Adani Transmission, is the country's largest private transmission company, with a presence across 14 states

Airtel Africa posts $151 million net loss in Q1; revenue rises 9.6%

Higher finance costs and June devaluation of Nigerian currency identified as contributing factors

Foreign investors to create more value for RE in India: ReNew's Sinha

Increasingly more companies are partnering with foreign investors at project level

Qatar Airways posts $1.2 bn profit over FY23 when it hosted FIFA World Cup

Qatar Airways received a $3 billion infusion from the government during the pandemic to keep it afloat

Can Fin Homes Ltd to take Rs 38.5 crore hit in Q2 due to fund fraud

This marks the second time the company has fallen victim to fraud in recent quarters

Godfrey Phillips India Q1 results: Profit up 78% to Rs 254.44 crore

The company demonstrated strong cigarette domestic volume growth and unmanufactured tobacco export growth in Q1 of FY24

NDTV reported consolidated loss after tax of Rs 8.08 cr loss in Q1

News broadcaster NDTV Ltd on Thursday reported a consolidated loss after tax of Rs 8.08 crore in the first quarter ended June 30, 2023, impacted by lower revenue.