Page 1402 - Company News

Global PE major KKR sells RE InvIT Virescent to IndiGrid for Rs 4,000 cr

The transaction will involve IndiGrid taking over all of VRET's 16 project special purpose vehicles, and Virescent will get delisted and dissolved, said executives

Five major e-commerce firms delist around 13,118 items from platforms

A total of 13,118 items have been delisted by these companies, Amazon delisted 8,095 alarm clips, Flipkart delisted around 5,000 clips and 21 clips were delisted by Meesho

DLF Q4 net profit jumps 41% YoY to Rs 570 crore; revenue down by 5.9%

The retail business also exhibited strong demand momentum and continues to operate at high occupancy levels

Manappuram posts 58% jump in profit on healthy gold loan business

The company's interest income jumped 23% to 17.14 billion rupees, while expenses rose a comparatively smaller 8.3%

Hero MotoCorp partners Motosport SA in Costa Rica for sales, services

Hero MotoCorp on Friday said it has roped in Motosport SA as a partner in Costa Rica.

Colgate-Palmolive beats Q4 profit estimates helped by price hikes

Colgate-Palmolive (India) Ltd's fourth-quarter profit fell less than expected, helped by price hikes implemented to combat surging costs

Tata Motors expects JLR's cash flow to quadruple to $2.50 bn this fiscal

India's Tata Motors Ltd expects its luxury car group, JLR free cash flow to nearly quadruple to top $2.50 billion this fiscal, and the automaker also declared its first dividend in nearly seven years

DGCA slaps Rs 30 lakh fine, suspends AI pilot for letting friend in cockpit

Additionally, the co-pilot has been cautioned for not being assertive enough to prevent the unauthorized entry

Bandhan Group, IIFL in race to acquire Aegon Life Insurance: Officials

Acquisition could mark Bandhan Group, IIFL's entry into insurance sector

Britannia forecasts around 3% input cost inflation for FY24: MD Berry

Britannia Industries Ltd, India's largest biscuit maker, has forecast low single-digit input cost inflation for the current fiscal year

New launches, exports pick up to drive volume gains for Eicher Motors

Margin expansion is expected to continue on strong volumes, improving mix, say analysts

Tata Steel Mining signs MoU with BPCL to get LNG for Odisha plant

In an attempt to secure long-term supply of liquified natural gas for its ferroalloys plant located in Odisha's Jajpur, TSML has signed a memorandum of understanding with BPCL

Daily domestic passenger traffic declines 4.7% due to Go First's exit

The average daily international flights fell by 1.74 per cent in the week

Adani-Hindenburg: May grant Sebi a three-month extension for probe, says SC

In April, Sebi moved the SC and sought a six-month extension to complete its probe

OYO-owned Weddingz.in to expand to 7 cities in 2023 amid rise in demand

OYO-owned Weddingz.in announced its plans to enter 7 new cities in 2023, including in Ahmedabad, Hyderabad, Chandigarh, Vadodara, Goa, Varanasi and Ludhiana

DLF Q4 profit up 40% to Rs 569.6 cr, net profit rises 36% to Rs 2,034 cr

Total income declined to Rs 6,012.14 crore in 2022-23 financial year from Rs 6,137.85 crore in the previous year

Pincode clocks 5,000 daily orders on ONDC within month of launch

E-commerce app of fintech platform PhonePe says after Bengaluru it will be in more cities

Adani-owned Ambuja Cements to expand production capacity by 14 mn tonnes

The projects are expected to be commissioned in two years and will funded using internal accruals, it added

Five Star Business Finance expects 30% growth in AUM in FY24

Firm plans 60 new branches during the year, increase staff strength and hike ticket size as well

Hindustan Aeronautics posts first decline in profit in 10 quarters

The company also said it incurred tax expenses of 124.7 million rupees in the quarter, against a gain of 5.28 billion rupees from tax refunds a year ago