Page 1446 - Company News

Indus Towers Q4 net profit dips 23% to Rs 1,399 cr on drop in revenue

Net profit for the quarter stood at Rs 1399 crore compared to Rs 1829 crore in the same period last year

Reliance General to accept e-Rupee through Yes Bank for premium payments

Reliance General Insurance said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India's Central Bank Digital Currency e-Rupee for premium payments

ICICI Pru refutes GST dept contention of tax liability due to ITC claims

ICICI Prudential Life Insurance on Wednesday said it has refuted the contention of the GST department with regard to tax liability due to input tax credit (ITC) claims

S&P Global Ratings upgrades Tata Power to 'BB+' with stable outlook

S&P Global Ratings has upgraded its rating on Tata Power to 'BB+' with a stable outlook

Syngene International's PAT rises 21% at Rs 179 cr in March quarter

Revenue from operations rose to Rs 3,193 crore in FY23 as compared with Rs 2,604 in 2021-22 fiscal

Voltas Q4 profit slumps 21% on provisions over contract terminations

Voltas, which competes with Blue Star, made provisions of 2.44 billion rupees during the quarter due to the termination of some contracts in Dubai and Qatar last year

HCLTech wins digital transformation deal from Heubach Group

HCLTech will deliver an IT system for Heubach Group across 11 countries to include deployment of hybrid cloud, cybersecurity solutions, and end-user services and secure networks

Volume driven strategy could sustain growth for Nestle, say analysts

Valuations however leave little room for gains on the upside

L&T Tech Services sees 20% FY24 revenue growth, posts profit beat in Q4

In Q4FY23, the company won a $40-million deal and three $10-million-plus TCV deals

Don't see growth in small car segment in this fiscal year: R C Bhargava

With rising commodity prices and increasing inflation, the cost of acquisition for small cars has increased significantly during the last few years

UTI AMC reports 60% jump in Q4 net profit to Rs 86 cr on lower expenses

The revenue from operations remained flat at Rs 301 crore for the quarter under review

Infosys partners with Walmart Commerce Technologies to help retailers

Infosys on Wednesday said it has joined hands with Walmart Commerce Technologies to help retailers harness technology solutions that simplify customer and store employee experiences

Maruti Suzuki to boost capacity to keep up with passenger vehicle demand

Indians bought a record 4 million passenger vehicles in fiscal year 2022-23, led by demand for sports utility vehicles

Kia India exports cross 200,000 unit mark in FY23, robust demand continues

Kia said Seltos remains the top contributor to Kia's export numbers, with 1,35,885 units dispatched to over 95 countries

Maruti Q4 net profit jumps 42% to Rs 2,670 cr, plans to set up a new plant

New plant to add capacity of 1 million units

Avaada Ventures secures $1.07 billion funding for expansion plans

In a release it said the group was also in advanced discussions with potential investors to raise another $200 million

HDFC Life Q4 net profit flat at Rs 358.6 crore; net premium rises 36%

The first year premium during the first quarter was Rs 4467 crore as compared to Rs 2575 crore - an increase of 73.5%

Green hydrogen firm Ohmium closes $250 million Series C fundraise

The funding will be used to support Ohmium's expansion to 2 GW in annual manufacturing capacity and the deployment of projects for the company's growing global customer pipeline in key regions

Patent applications grow 13.6% in FY22, highest in a decade: Nasscom report

Report titled 'Unpacking India's IP Ecosystem for an Innovation-led future' says rapid growth in emerging technologies is driving innovation and emergence of new solutions across several industries

NCPCR asks Bournvita manufacturer to remove 'misleadings ads', sends notice

Commission says it is acting after complaint against the Indian arm of USA's Mondelez