Page 817 - Company News

After lacklustre Q4 results, headwinds persist for Indian Oil stock

The core GRM per barrel in Q4FY24 was actually around $10.6 and the core GRM for FY25-26 could bottom out at $9

YES Bank receives service tax demand order of over Rs 6.42 crore penalty

It said the tax and interest demand is below the material threshold limit currently applicable to the bank

Breathe easy! Philips says its sleep apnea devices safe for use in India

The company reached a $1.1 billion settlement for CPAP machine lawsuits in US

Share prices of Godrej Ind, Godrej Properties, Astec Lifesciences drop

Godrej Industries shares fell by 7 per cent to Rs 893 a share, while Godrej property's share fell by 4.4 percent to Rs 2,532 a share

Ceat Q4 results: Net profit falls 18.8% to Rs 109 cr on higher rubber costs

Ceat, whose customers include automakers Maruti Suzuki and Mahindra & Mahindra, is the first Indian tyremaker to report results this quarter

Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge

Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision

Great Summer Sale to be the biggest ever this year: Amazon India exec

Premium and 5G smartphone sales are expected to drive growth

RBI lifts curb on Bajaj Finance's lending products 'eCOM', 'Insta EMI Card'

The Non-Banking Financial Company (NBFC) will resume sanction and disbursal of loans through both these business segments, including issuance of EMI cards

Cash-strapped Byju's may pay salary to employees for April this week

Last month, Byju Raveendran, the founder and chief executive of Byju's, secured a private debt of about Rs 30 crore to pay the March salaries of employees

Amul will sponsor USA men's cricket team in upcoming T20 World Cup

In a statement, GCMMF said that Amul has joined as the Lead Arm sponsor of USA Cricket men's national cricket team for the ICC Men's T20 World Cup 2024

IndiGo gives 45-day bonus to employees amid significant profits

It is yet to announce its fourth-quarter results. According to Elara Capital, the airline is expected to post an adjusted profit of Rs 2,060 crore in the fourth quarter of 2023-24

Bajaj Finance to resume lending via eCOM, Insta EMI Card as RBI lifts curbs

The company further said it would now resume sanction and disbursal of loans in the two business segments including issuance of EMI cards

Gujarat Toolroom buys 65 acre land for Rs 570 crore hybrid energy project

"Upon completion, the Hybrid Power Plant aims to contribute 97.5 megawatts of clean and sustainable electricity to the grid, the company said in an exchange filing

Adani Green Energy bags $400 mn finance from int'l banks for solar project

One of the projects is being developed in Rajasthan with 500 MW capacity and has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI)

Adani Energy Solutions arm to acquire 100% stake in Pointleap Projects

"AEML today executed Share Purchase Agreement (SPA) with Windson Projects LLP (WPLLP) for acquiring 100 per cent equity shares of PPPL," AESL said in a regulatory filing

Ajanta Pharma Q4 results: Net profit increases 66% to Rs 203 crore

Revenue from operations rose to Rs 1,054 crore in the fourth quarter of FY24 as compared with Rs 882 crore in the year-ago period, Ajanta Pharma said in a regulatory filing

Fin inclusion, digital growth to drive momentum: Airtel Payments Bank CEO

Airtel Payments Bank is dominant in rural markets, he said, adding that "rural and urban combined, we are now opening a million bank accounts a month"

HMSI domestic sales jump 42% to 481,046 units in April, exports up 67%

Exports increased 67 per cent to 60,900 units last month from 36,458 units in April last year, Honda Motorcycle & Scooter India (HMSI) said in a statement

IEX overall trade volume rises 14% to 9,044 million units in April

The Market Clearing Price in Day Ahead Market (DAM) during April 2024 at Rs 5.1/unit reduced approximately 6 per cent year-on-year

Moody's tops quarterly profit estimates on back of strong product demand

Moody's Investors Service revenue grew 35%, fueled by improved market conditions and opportunistic activity which drove strong issuance across multiple asset classes, said CFO Noemie Heuland