Page 838 - Company News

IREDA Q4 results: Net profit grows 33% to Rs 337 crore on higher income

State-owned IREDA on Friday posted a 33 per cent rise in its net profit to Rs 337.37 crore for the quarter ended March 2024, aided by higher income.

TCS, Infosys, Wipro see exit of 64,000 employees in FY24 amid low demand

India's IT services industry - a USD 254 billion powerhouse - has been feeling the heat of global macroeconomic uncertainties and geopolitical flareups as clients turned cautious with IT spends

BlackRock buys shares of two companies for Rs 207 crore via open market

In a separate transaction, iShares II Public Ltd Company - iShares Global Water UCITS ETF sold 8.55 lakh shares of Ion Exchange (India) Ltd for Rs 46 crore

HDFC Bank stock gains more than 2.5% ahead of March quarter results

Increase in FPI legroom seen as key trigger

Hindustan Zinc to continue to discuss demerger proposal with govt: CEO

"I again explained (the board) the situation and I promised that I would continue to engage with the government and try to explain our logic and why we want to do it," he said

Amara Raja Infra bags 500 MW solar project from Greenko in Andhra Pradesh

With the latest win, the order book of Amara Raja Infra Private Limited (ARIPL) stands at Rs 1,516 crore at the end of FY24, the company said in a statement

Tata Group in talks to buy Pegatron's iPhone operations as soon as May

Tata Group is in the final stages of negotiations with Pegatron to take a majority stake in the Taiwanese firm's Apple handset assembly operations in India

Expat impact: The story of India Inc's brushes with expat CEOs a mixed bag

Will it help to simply focus on the best person for the job?

Jio Financial Services Q4 results: Net profit up 5.8% to Rs 311 crore

The total income of the entity, which is a holding company for businesses including lending, insurance broking, asset management etc., rose to Rs 418 crore in Q4FY24 from Rs 414 crore in Q4FY23

Vodafone Idea FPO picks momentum as institutional investors pour money

Over Rs 12,000 crore, including Rs 5,400 crore from anchor investors, has been raised by the end of day 2 of the FPO, according to stock market information

Air India cancels Dubai flights due to continued operational disruptions

Passengers of Air India who have booked the flights for travel till April 21 will be offered a one-time waiver on rescheduling and full refunds for cancellation

Fortis opens 80-bed tertiary hospital in Bengaluru, invests about Rs 7 cr

Fortis Hospital aims for an Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) growth of about 20 per cent

LIC's total premium grows 26%, highest among listed peers in March

LIC was followed by SBI Life Insurance Company in premium collection growth at 24.76 per cent. ICICI Prudential Life Insurance Company reported a 12.58 per cent growth

NCLAT sets aside insolvency process against Dream 11 parent company

Section 10A deals with the suspension of initiation of insolvency process for any default arising on or after March 25, 2020, for a period of six months or extending to one year

ABFRL board approves vertical demerger of Madura Fashion and Lifestyle biz

ABRFL to raise Rs 2,500 crore equity capital within 12 months of demerger

AI code now on Air India Express's flights, Vistara later: Campbell Wilson

An airline's designator code is used for quick identification in flight reservations, ticketing, and baggage handling, making travel processes smoother and more efficient

Motilal Oswal Financial Services shares gain over 7% on bonus proposal

The company's shares ended at Rs 2,236, up 7.4 per cent over the previous close, valuing the company at Rs 33,315 crore

Forget something? Uber's lost & found index may have the answer for you

The 2024 Uber Lost & Found Index showed that riders still keep forgetting the usual items - phone, keys, wallet - but many have left behind unusual, and sometimes questionable, items as well

Govt open to selling stake in GIC Re, LIC in FY24/25, says report

"The government has received good feedback in investor roadshows for GIC, and is open to sell its 10% stake in tranches depending on its shares' value," the official said

InterGlobe, Archer Aviation plan electric air taxis from CP to Gurugram

Archer Aviation will supply 200 electric vertical takeoff and landing (eVTOL) aircraft that can carry four passengers besides a pilot