Page 872 - Company News

Kalyan Jewellers Q4 results: Consolidated revenue up 34% on better demand

Kochi-based Kalyan Jewellers, which has 253 showrooms across India and the Middle East, had posted a revenue of nearly Rs 3,400 crore during the fourth quarter of the last fiscal

One-third of Air India's staff hired in last two years: CEO & MD Wilson

Vistara airline, which is a 51:49 joint venture of the Tata Group and Singapore Airlines, is in the process of being merged into Air India

Adani Wilmar sees double-digit growth in edible oil sales on festive demand

The consumer goods maker said it bagged strong growth in both its edible oils and foods businesses, aided by strong demand during the festival of Holi and ongoing wedding season

Angel One garners Rs 1,500 cr via QIP to fund working capital requirements

The company has allotted 58.71 lakh equity shares to institutional investors at a floor price of Rs 2,555.01 apiece, aggregating the transaction size to Rs 1,500 crore

Iffco to buy 200,000 tonne ammonia produced using green energy from ACME

Ammonia will be produced at ACME's plant in Gopalpur, Odisha using renewable energy and supply the same to Indian Farmers Fertiliser Cooperative Limited (IFFCO), it said

Singapore's Xcelerate picks up strategic stake in governance firm Stirrup

The acquisition by Xcelerate comes at a time when demand for ESG-related advisory and communication services is on the rise following increased regulatory emphasis on ESG disclosures

Godrej Properties sells flats worth Rs 2,690 cr in new housing project

In a regulatory filing on Friday, the company informed that it has sold inventory worth around Rs 2,690 crores in its project 'Godrej Reserve' located in Kandivali, Mumbai

Johnson & Johnson to buy equipment maker Shockwave Medical for $12.5 bn

Under the deal, J&J would pay $335 per share in cash for the medical device maker. The offer price implies a 4.7% premium to Shockwave's last close of $319.99 on Thursday

Big Tech cos in race to buy training data for artificial intelligence

Tech giants like Google, Meta and Microsoft-backed OpenAI initially used reams of data scraped from the internet for free to train generative AI models like ChatGPT that can mimic human creativity

Bank of Maharashtra reports 16% credit growth in Q4 at Rs 2.03 trn

The Credit Deposit (CD) ratio increased to 75.23 per cent at the end of March 31, 2024 as against 74.87 per cent in the year-ago period

Air India pilots join Vistara crew in voicing concerns over fatigue, pay

The pilots said they're made to rack up maximum flying hours, face difficulties in having leave approved and deal with unstable rosters, according to the letter dated April 4

Google parent Alphabet weighs offer for $35 bn valued firm HubSpot

The potential acquisition would be Alphabet's largest ever and allow it to put some of its cash pile, which reached $110.9 billion at the end of December, to work

Education loan financier HDFC Credila to raise Rs 2,700 cr in fresh equity

Arijit Sanyal, managing director and chief executive officer of HDFC Credila, said the board has cleared a proposal for raising fresh equity

HDFC Bank's gross advances surge 55.4% to Rs 25.08 trn in Q4 FY24

The bank's domestic retail loans grew by around 108.9% over the year-ago period and rose by 3.7% over Q3 FY24 figures

Higher cash flows and moderate valuations to support Coal India stock

In FY24, CIL dispatched 618.5 MT (up 5.4 per cent Y-o-Y) to the power sector (vs committed volume of 610 MT). The power sector thus accounted for 82 per cent of total dispatches

Bulls march on D-Street, pitch camp at new heights; Sensex up 351 points

Rally in HDFC Bank, Powell's reassurance buoy sentiment

Airtel's subsidiary Bharti Hexacom's IPO subscribed 1.12x on day 2 of offer

Bharti Hexacom provides telecommunication services in Rajasthan and the Northeast

IndusInd Bank records 18% growth in advances at Rs 3.42 trillion in Q4

The bank's deposits also rose 14 per cent to Rs 3,84,789 crore in the quarter under review, from Rs 3,36,438 crore in the same period a year ago, it said

YouTube okayed ads with misinformation on India's election process: Report

The advertisements were however pulled down after they were approved from YouTube, but before they could be published, the report said

HDFC foreign legroom rises but misses index provider MSCI threshold

The rally was on the back of an encouraging business update for the March quarter where HDFC Bank's deposit growth remained robust and the loan-to-deposit ratio fell