Page 346 - Company News
AWL Agri Business Q4FY25 results: Net profit rises 21.4% to ₹190.3 crore
The edible oil major's profit before income, depreciation and tax (PBIDT) was up 10.6 per cent at ₹510.3 crore
 "AWL Agri Business Q4FY25 results: Net profit rises 21.4% to ₹190.3 crore")
ED conducts search operations at Gensol Engineering; seizes documents
On April 15, India's markets regulator took a slew of actions against Gensol over concerns that the company might have diverted funds raised for business towards personal luxury purchases
 "ED conducts search operations at Gensol Engineering; seizes documents")
Bain Capital gets $136 mn buyout loan for Indian auto parts maker Dhoot
The five-year facility is split into a $111 million term loan and a $25 million revolving credit facility, said the people, who asked not to be identified discussing private matters
 "Bain Capital gets $136 mn buyout loan for Indian auto parts maker Dhoot")
MX Player brings greater reach, retail ads after becoming Amazon product
At 250 million unique visitors a month, MX Player has for long been in the same bracket as YouTube (454 million) and Meta (324 million) in reach
 "MX Player brings greater reach, retail ads after becoming Amazon product")
IndusInd Bank's deputy CEO Arun Khurana resigns amid accounting blunder
Based on the findings of an external agency's probe, IndusInd has estimated an impact of 2.27% on its net worth as of December 2024
 "IndusInd Bank's deputy CEO Arun Khurana resigns amid accounting blunder")
Oberoi Realty Q4 results: Profit down 45% to Rs 433 cr on lower income
Total income also fell to Rs 1,213.33 crore in January-March 2024-25 from Rs 1,558.56 crore a year ago, according to a regulatory filing
 "Oberoi Realty Q4 results: Profit down 45% to Rs 433 cr on lower income")
AWL Agri Business Q4 results: Profit up 22% on strong edible oils demand
India's AWL Agri Business, previously known as Adani Wilmar, reported a nearly 22% rise in fourth-quarter profit on Monday, benefiting from higher demand in its core edible oils segment.
 "AWL Agri Business Q4 results: Profit up 22% on strong edible oils demand")
REC raises Rs 5,000 crore through bond issuance with strong response
The offering included Rs 3,000 crore through five-year bonds at a coupon of 6.87 per cent
 "REC raises Rs 5,000 crore through bond issuance with strong response")
LG postpones IPO for Indian unit due to 'unfavorable' market conditions
South Korean major LG Electronics has delayed the upcoming initial public offering (IPO) for its Indian unit, amid volatility in the local share markets, according to industry insiders.
 "LG postpones IPO for Indian unit due to 'unfavorable' market conditions")
Global orders may be hit if trade war volatility stays: Tata Comm CFO
Highest ever order book in first half of FY25 has translated to revenue in Q4
 "Global orders may be hit if trade war volatility stays: Tata Comm CFO")
Wipro bags 5-year deal to transform, manage Vorwerk's IT infrastructure
In a BSE filing, Wipro said that the partnership will focus on consolidating Vorwerk's business applications, infrastructure, and cybersecurity into a unified monitoring platform
 "Wipro bags 5-year deal to transform, manage Vorwerk's IT infrastructure")
L&T Finance to increase commercial paper issuance amid softening rates
L&T Finance Ltd's total liabilities stood at Rs 92,247 crore in March 2025 as against Rs 86,161 crore in December 2024 and Rs 76,541 crore in March 2024
 "L&T Finance to increase commercial paper issuance amid softening rates")
CtrlS Datacenters to invest Rs 500 cr in setting up data centre in Bhopal
The company announced this milestone in a groundbreaking ceremony of its greenfield data centre. The ceremonial event took place during the Tech Growth Conclave 2025 on April 27 in Indore
 "CtrlS Datacenters to invest Rs 500 cr in setting up data centre in Bhopal")
Ather Energy IPO receives 16% subscription on Day 1 of bidding
The initial share sale received bids for 86,09,406 shares against 5,33,63,160 shares on offer, according to data available with the NSE
 "Ather Energy IPO receives 16% subscription on Day 1 of bidding")
CSB Bank Q4 results: Net profit increases 26% to Rs 190 cr, GNPA rises
The Kerala-based lender had earned a net profit of Rs 151 crore in the year-ago period
Adani Total Gas Q4 results: Profit falls 8% on higher gas purchase costs
The company, a joint venture of Adani Group and French oil major TotalEnergies SE, said its consolidated net profit fell about 8 per cent to Rs 1.55 billion
 "Adani Total Gas Q4 results: Profit falls 8% on higher gas purchase costs")
KPIT Technologies Q4 results: Profit up 49% at ₹244.7 cr; revenue up 16%
Revenue rose 15.9 per cent to Rs 1,528.3 crore during the quarter against Rs 1,317.8 crore a year ago
 "KPIT Technologies Q4 results: Profit up 49% at ₹244.7 cr; revenue up 16%")
PNB Housing Q4 results: Profit rises 25% to Rs 5.5 bn on home loan demand
The company's consolidated net profit rose to Rs 5.5 billion ($64.7 million) for the quarter ended March 31 from Rs 4.39 billion a year earlier
 "PNB Housing Q4 results: Profit rises 25% to Rs 5.5 bn on home loan demand")
UCO Bank Q4 results: Profit rises 24% to Rs 665.7 cr, NPAs decline to 2.69%
UCO Bank on Monday reported a nearly 24 per cent year-on-year jump in consolidated net profit to Rs 665.72 crore for the quarter ended March.
 "UCO Bank Q4 results: Profit rises 24% to Rs 665.7 cr, NPAs decline to 2.69%")
IRFC Q4 results: Net profit down 3% at Rs 1,667 cr, expenses at Rs 5,042 cr
The company under the Ministry of Railways had earned a profit of Rs 1,717 crore during the fourth quarter of the FY24
 "IRFC Q4 results: Net profit down 3% at Rs 1,667 cr, expenses at Rs 5,042 cr")