Page 2038 - Company News

Wipro logs 3.8% rise in Q4 profit; pegs FY23 revenue growth at 16-18%

The company said it saw a drop of 500 bps in attrition on a quarterly basis

Ambuja Cements: Holcim's stake sale is a crucial near-term trigger

With margins seen under pressure and analysts' target price of Rs 350-410, the gains otherwise are limited

Ahead of LIC IPO, Paytm Money lets HNIs place Rs 5 lakh of bids via UPI

The company said it is also offering free demat accounts for lifetime to all

GIC Pte, ADIA and Norway Sovereign Wealth Fund to invest in LIC IPO

Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified

Apollo Global Management may lend $1 bn to JSW for Ambuja Cements buy

The group is in talks with several sovereign funds based in west Asia to acquire Ambuja Cements

Star9 Mobility to buy 51% govt stake in Pawan Hans for Rs 211.14 cr

This is the second successful privatisation in the civil aviation space after the Air India sale

SBI Card's net rises three-fold to Rs 581 cr, income up 22% to Rs 3,016 cr

The pure-play credit card issuer had reported a net profit of Rs 175.42 crore in the same quarter of the previous fiscal year

L&T Finance Holdings consolidated net up 28% to Rs 342 crore in Q4

For FY22, its consolidated net profit rose by 10% to Rs 1,070 crore; board has recommended a dividend of Rs 0.50 a share

IDBI Bank board approves appointment of two govt nominee directors

In late afternoon trade, shares of IDBI Bank was down 1.40 per cent to Rs 45.70 apiece on BSE.

IDBI Bank stake dilution for ceding mgt control to be fixed after roadshows

Lowering of stake by Centre and LIC to be decided post consultation with investors during roadshows, after which EoI document would be structured, says DIPAM Secy Tuhin Pandey

Wipro to stand by principle of democracy, justice: CEO amid Ukraine war

IT company Wipro said its employees are engaged in providing relief effort to people displaced due to the ongoing Ukraine-Russia conflict

CAIT seeks probe against Flipkart on purported role in narcotics trade

The seized drugs were kept in backpacks and jute bags and were wrapped in packets of e-commerce major Flipkart and other companies, according to reports

IndiaFirst Life gross premium rises 28% to Rs 5,187 crore in FY22

At Rs 1,345 crore of individual NB-APE, the company is the fastest-growing private life insurer in the country, IndiaFirst Life claimed

Shell agrees to buy Solenergi Power from UK-based Actis for $1.55 bn

Shell said its unit, Shell Overseas Investment, would buy 100% of Solenergi Power Private Limited, the flagship company of Sprng Energy group, from UK-based investor Actis

Tata Motors planning to launch long-range electric cars by 2050

Last year, Tata announced plans to launch 10 EV models by March 2026, investing about $2 billion

Chiratae Ventures plans to raise $600 million to bet on tech: Report

Chiratae has already invested $950 million in companies over the last 15 years

Back in black, GMDC plans lignite expansion, entry into rare earths

The mining company has roped in the Boston Consulting Group (BCG) for its strategic transformation, apart from McKinsey & Co. for the development of REE assets

Maruti Suzuki consolidated Q4 net up 58% to Rs 1,839 cr despite sales dip

Consolidated total revenue from operations up 11.29% at Rs 26,749.20 crore; Board declares final dividend of Rs 60 a share

Wipro Q4 consolidated net profit rises 4% to Rs 3,087 crore

Attrition rate at near 24%, revenue up over 28% to Rs 20,860 crore

JM Financial elevates Sonia Dasgupta as CEO of investment banking

She succeeds Adi Patel and Atul Mehra who have been Co-Heads of Investment Banking business till date