Page 2039 - Company News

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

CCI seizes documents, data from Amazon, Flipkart sellers in raids: Report

The raids relate to an investigation the CCI ordered in January 2020 in which Amazon and Flipkart face allegations of promoting preferred sellers on their websites

Indian aviation in growth phase, to participate in larger manner: Scindia

Civil aviation minister Jyotiraditya Scindia has said the time is ripe for participation in the largest possible manner in the aviation sector

Vedanta plans to issue $1.5 billion dividend, lifting parent's bonds

The parent firm's dollar bonds rose the most in six weeks Friday, with the notes maturing in July hitting the highest level since October, according to Bloomberg-compiled data

Streaming wars: Netflix tries to beat the India blues as rivals race ahead

More Indian languages, bigger films and shows, and an ad-supported version are being rolled out as the global streaming service works to crack one of the world's fastest-growing streaming video market

Blockbuster M&As keep India's deal street buzzing despite market volatility

With deals crossing $105 bn in the first 4 months, experts believe 2022 could be a record year for M&As

Varroc signs Euro 600 mn deal with Omnium SE to focus on EV, other segments

The Euro 600 million transaction will see Varroc divesting its lighting System operations in the USA, Brazil, Mexico, Poland, Czech Republic, Germany, Turkey, and Morocco

Electric scooter fires undermining India's bid to become leader in EVs

The fires in Indian EVs have also sparked debate about India's dependency on imported auto parts that are then assembled locally

Startup firms let Indian retail investors buy corporate debt at $130

The new start ups are seeking to reassure investors they are doing all they can to protect their clients

Steel Minister dedicates to nation JSPL's 1.4 MT rebar mill at Angul plant

The ultra-modern rebar mill of 1.4 MTPA (million tonne per annum) capacity is located at JSPL's 6 MTPA plant in Angul, Odisha

Meta Platforms stock jumps 19% as Facebook returns to user growth

The company reports slowest rise in revenue in a decade

Unilever raises prices, warns of more hikes on cost pressures

Unilever, Carlsberg and Pernod Ricard are increasing the pressure on consumers worldwide with higher prices for Dove soap, beer and Havana Club rum

Shriram Transport Finance fourth quarter net profit up 44%, NII rises

The company's Net Interest Income increased by 22.16 per cent to Rs. 2,627.82 crore as against Rs. 2,151.12 crore.

PNB Housing Finance profit rises 33% at Rs 170 crore in March quarter

Its net interest income fell by 37 per cent in the reporting quarter to Rs 377 crore

Hindustan Unilever stock races ahead on Q4 show, market share gains

A normal monsoon, higher crop realisations and government measures for the segment will be critical for demand improvement going ahead.

SBI Life Insurance net profit jumps 26% in January-March quarter

The 13th month persistency stood at 88.35 per cent in FY22 versus 87.92 per cent in FY21

Margin pressures, revenue worries may hit Tata Communications' prospects

Operating profit margins of TATA communications fell by 135 basis points to 24.5% due to a jump in costs, which were back-ended

NCLT adjourns the insolvency plea against Future Retail to May 12

Earlier this month, BoI had filed insolvency proceedings against Future Retail for non-payment of dues

How Eveready, on the cusp of change, is trying to regain its mojo

Over the past decade, a change in consumer choice swept through the battery industry - the walkman lost its mojo, smartphones overtook cameras and batteries were tucked away in remotes and wall clocks