Page 1424 - Company News

Paytm's next target is profitability, says CEO Vijay Shekhar Sharma

The fintech giant, in its Q4 results for FY23, managed to narrow its losses to Rs 168 crore

PTC India inks agreement for 115 MW power supply from VS Lignite Power

Power trading solution provider PTC India has inked a long-term power purchase agreement with VS Lignite Power for 115 MW of electricity supply

Big catching up for new players: Barista CEO Agarwal on growing competition

Unfazed by the growing competition from new players as well as international chains, coffee house Barista is now looking beyond metro cities for expanding its footprint and drive growth

Slowly but surely, mutual funds warm up to investment in REITs, InvITs

Exposure up sevenfold in three years to Rs 5,200 cr

Muthoot Microfin to foray into Andhra Pradesh, Telangana in FY24

It is also expecting the disbursement too to touch Rs 11,000 crore during the year. In 2022-23, the company saw its disbursements increasing to Rs 8,104 crore, up from Rs 4,600 crore last year

Coal India Q4 profit drops 18% on wage bill; record net profit in FY23

The decline in profit in the fourth quarter of 2022-23 (April 2022 to March 2023) was despite coal production and dispatches to users

Will be compliant with the new data protection laws: Truecaller CEO

As Swedish caller identification app Truecaller touched 250 million active users milestone in India, CEO and co-founder Alan Mamedi believes there is still a lot of headroom for growth here

Flavour of season: It's a premier league for food delivery firms this IPL

Downloads of food delivery apps like Zomato, Swiggy, Domino's, etc. have gone up in April over February

Launch blueprint, rural gains can help Hero MotoCorp turn the corner

Lower raw material costs aided margin recovery for the 2-wheeler sector in Q4

Co-working firm Smartworks leases 0.5 mn sq ft space in Gurugram, Noida

Co-working firm Smartworks has taken on lease 5.3 lakh square feet office space in Noida and Gurugram to cater to rising demand of flexible work space from corporates

From Amazon, JP Morgan to KPMG, India Inc is hiring defence veterans

Here's why companies like Amazon, JP Morgan, KPMG and Goldman Sachs are increasingly hiring defence veterans

CEAT's int'l biz, replacement market to see better growth: VC Anant Goenka

Tyre maker CEAT expects recovery in its international business and replacement market, which are more profitable segments, going forward, according to company Vice Chairman Anant Goenka

Building an empire: Birla eyes M&As to fill up $1-billion apparel closet

TCNS Clothing Company, a listed entity with a market capitalisation of Rs 3,215 crore, has ethnicwear brands such as W, Aurelia, Wishful, Folksong, and Elleven

Godrej Properties aims to sell record Rs 14,000 cr in FY24: Pirojsha Godrej

Godrej Properties expects 14 per cent growth in sale bookings this fiscal to a record Rs 14,000 crore on strong housing demand, a top company official said.

Govt may soon invite financial bids for selling 26% in defence PSU BEML

Following that, in October last year, BEML demerged its non-core businesses into BEML Land Assets and listed the new company on the bourses on April 19, 2023

As Indian carriers rake up hiring, Go First insists on notice period

Announcing that the company is planning to revive shortly, CEO Kaushik Khona said, pilots will have to serve the six-month notice period

OECD CPI falls to 7.7% in March 2023, as energy inflation continues to drop

Energy prices declined by 0.9 percentage point in March. Food inflation and inflation less food less energy increased slightly

Q1 profits jump to $35.5 bn at Buffett's Berkshire ahead of annual meeting

The three analysts surveyed by FactSet expected Berkshire to report operating earnings of USD 5,370.91 per Class A share

Vedanta resources repays $800 million loans to Standard Chartered

The company had paid all loans and bonds due last month, cutting its gross debt to $6.8 billion, it said in a statement in April

Temasek considers investing $100 million in jeweller BlueStone: Report

The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic