Page 1589 - Company News
Larsen & Toubro sees private capex revival aiding order inflows: CFO
Companies in metals, mining, energy transition, airports and data centres have driven orders from the private sector in recent quarters, says CFO R Shankar Raman
 "Larsen & Toubro sees private capex revival aiding order inflows: CFO")
Some of the world's richest people exposed to Adani rout, market turmoil
Upheaval gripping AEL may expose billionaires, including Wilmar International, controlled by family of the richest person of Malaysia and world's second-richest Walton family, to the market turmoil
 "Some of the world's richest people exposed to Adani rout, market turmoil")
Boris Johnson's brother resigns from Adani-linked co post Hindenburg report
Jo Johnson resigned from the role this week, according to a regulatory filing. He was appointed in June 2022
 "Boris Johnson's brother resigns from Adani-linked co post Hindenburg report")
DGCA orders probe as IndiGo passenger enroute to Udaipur reaches Patna
Director General of Civil Aviation has sought a report from IndiGo airline on a bizarre instance in which an air passenger reached Rajasthan's Udaipur while he was supposed to reach Patna
 "DGCA orders probe as IndiGo passenger enroute to Udaipur reaches Patna")
S&P Global Ratings revises outlook on Adani Ports, Electricity to negative
S&P Global Ratings on Friday revised outlook on Adani Ports and Adani Electricity to negative from stable while affirming the rating
 "S&P Global Ratings revises outlook on Adani Ports, Electricity to negative")
Emami net profit up 7.8% at Rs 237.13 cr, says rural demand slowing
Domestic business grows one per cent in the quarter; international by 7%
 "Emami net profit up 7.8% at Rs 237.13 cr, says rural demand slowing")
Adani rout eases, some relief after companies' market value almost halves
Friday was a relatively less damaging day in the stock rout that's wiped out about $112 billion from 10 Adani Group firms since US-based Hindenburg report
 "Adani rout eases, some relief after companies' market value almost halves")
Indian authority seeks tax from Amazon on cloud services fees paid to US
Indian tax authority has decided to charge tax on cloud services fees paid by Amazon to the US, a move which will lead to company coughing up "significant" amount in taxes
 "Indian authority seeks tax from Amazon on cloud services fees paid to US")
Centre asks Vodafone Idea to convert govt dues into equity worth $2 billion
Troubled Indian mobile service provider Vodafone Idea Ltd said the govt ordered the company to convert into equity all the interest related to payments for spectrum and other dues owed to the govt
 "Centre asks Vodafone Idea to convert govt dues into equity worth $2 billion")
Tata Power Q3 net profit nearly doubles to Rs 1,052 cr on higher revenue
Tata Power on Friday said its consolidated net profit almost doubled to Rs 1,052.14 crore in the quarter ended December 2022 compared to a year ago, mainly due to higher revenues
 "Tata Power Q3 net profit nearly doubles to Rs 1,052 cr on higher revenue")
RBI okays appointment of sitting YES Bank exec Rajan Pental as ED
Pental, who has been with YES Bank since November 2015, will continue to head retail banking; he is also non-executive director at YES Securities
 "RBI okays appointment of sitting YES Bank exec Rajan Pental as ED")
SBI says further financing to Adani projects to be evaluated on merit
State Bank of India, the country's largest lender, said on Friday any further financing to projects of the embattled Adani Group would be "evaluated on its own merit"
 "SBI says further financing to Adani projects to be evaluated on merit")
Here's all you need to know about Twitter's various kinds of ticks, labels
Users are aware of the Blue-tick on Twitter which was reserved for active and prominent users on the platform that Twitter counts as "notable" profiles
 "Here's all you need to know about Twitter's various kinds of ticks, labels")
PIL in SC seeks prosecution for 'artificial crashing' of Adani stock value
A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US
IndiGo parent posts 1,000% jump in profit to Rs 1,422.6 cr in Dec quarter
InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Friday reported a steep rise in profit at Rs 1,422.6 crore in the three months ended December 2022
 "IndiGo parent posts 1,000% jump in profit to Rs 1,422.6 cr in Dec quarter")
Dollar bonds of Adani Group extend gains even after Moody's warning
The US dollar-denominated bonds issued by entities of India's Adani Group extended gains on Friday
Kansai Nerolac Paints net profit falls 13% to Rs 108.97 cr in Dec quarter
Kansai Nerolac Paints Ltd on Friday reported a 13 per cent decline in consolidated net profit at Rs 108.97 crore in the December quarter, impacted by higher expenses
 "Kansai Nerolac Paints net profit falls 13% to Rs 108.97 cr in Dec quarter")
Zydus Lifesciences net profit rises 24.48% to Rs 622.9 cr in Dec quarter
Total expenses in the third quarter were higher at Rs 3,620.7 crore, as compared to Rs 3,096.3 crore in the corresponding period last fiscal
 "Zydus Lifesciences net profit rises 24.48% to Rs 622.9 cr in Dec quarter")
Adani group's bonds rally as billionaire moves to restore confidence
All 15 dollar debt securities of the group advanced on Friday, partly helped by news that Adani Ports & Special Economic Zone Ltd. had made coupon payments on schedule
 "Adani group's bonds rally as billionaire moves to restore confidence")
Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22
IT services firm reports rise in headcount, says voluntary attrition declining
 "Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22")