Page 138 - Companies

Seal a tax deal

Minimum global corporate tax rate solves many problems

G7 close to agreement on taxation of world's largest companies: Report

A G7 deal could be agreed as early as Friday after progress was made among top officials in recent days

Commercial entities reduce electricity bills by renewable energy: Mercom

Commercial and industrial entities from various sectors, including steel and cement, have reduced their electricity expenses by using renewable energy, according to Mercom India. The 'C&I Clean Energy Meet 2022' held in Bengaluru witnessed participation from players operating in solar, IT, automobile, manufacturing, chemical, textiles and FMCG sectors, Mercom India said in a statement on Monday. Over 100 players joined the one-day event to discuss opportunities in the domestic renewable energy sector, available technologies, business models, financing mechanisms and regulatory guidance to set up green units. "Narayana Health is saving over Rs 40 million every year through solar power. Representatives from Kurlon, a mattress company with rooftop solar installations at its manufacturing units in three different states with a combined capacity of 2.5 MW, have saved more than Rs 75 million since its first installation in 2016," the research firm said. According to Mercom, the ...

Elon Musk turns to his earlier playbook as Tesla girds for job cuts

Two weeks ago Elon Musk signaled Tesla Inc. was staying in the fast lane. Now he's tapping the brakes

Omega Seiki joins hands with Grip Invest, plans to lease 5,000 EVs by 2023

EV maker Omega Seiki Mobility has formed a strategic partnership with Grip Invest for lease financing to retail investors

Most Nifty 50 firms beat sales estimates, many fare worse on profitability

Many have done worse on profitability

ITC Infotech eyes $500 mn revenue over five years from new business unit

Last month, ITC Infotech said it would be acquiring a part of PTC's product lifecycle management (PLM) implementation services business and create a new business unit, DxP Services

StrideOne raises Rs 250 cr to help startups meet financing needs

Financial services platform for startups StrideOne on Tuesday said it has raised Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks.

Street welcomes Jubilant FoodWorks' call to put Sameer Khetarpal at helm

Stock surges nearly 10% even as company posts 8.2% decline in profit in Q4FY22

Mukesh Ambani set to benefit as Issa brothers, TDR mull quitting Boots race

The Issa-TDR group had been one of the two main suitors remaining in the contest. They were bidding for Boots through Asda Group Ltd

EY evaluating strategic options to improve audit quality, says CEO

(Reuters) - Ernst & Young is evaluating options to improve their audit quality, Chief Executive Carmine Di Sibio said on Thursday in an internal memo seen by Reuters, at a time when the Big Four accounting firms are often blamed for their lack of independence.

MakeMyTrip Q4 profit rises 8% to $12 mn; gross bookings exceed $1 bn

MakeMyTrip Q4 results 2022: The Nasdaq-listed firm had posted an adjusted operating profit of USD 11.1 million in the same quarter previous fiscal

Deepak Fertilisers Q4 consolidated PAT rises 144% at Rs 283 crore

The company's PAT stood at Rs 115.80 crore during the corresponding quarter of 2020-21, Deepak Fertilisers and Petrochemicals Corporation said in a BSE filing

PFC Q4 net profit rises nearly 10% to Rs 4,295 crore on higher revenues

The consolidated net profit of the company was at Rs 3,906.05 crore in the year-ago period, a BSE filing showed

APSEZ consolidated net profit declines 22% to Rs 1,033 crore in Q4

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal, according to a BSE filing

WSO2 completes $93 mn series E funding with investment from Info Edge

WSO2, with more than 800 customers in over 90 countries, has already established a strong presence in India

Fairfax-backed Digit Insurance targets $5 billion in IPO valuation: Report

Digit has appointed Morgan Stanley and Indian investment bank ICICI Securities as bookrunners for the deal

Adanis commit $75 million in Borouge's $2-billion IPO, says report

Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO

Investment trust IndiGrid net profit in March qtr jumps 45% to Rs 99.80 cr

Infrastructure investment trust IndiGrid has posted over 45 per cent rise in its consolidated net profit at Rs 99.80 crore in the March quarter, mainly on the back of higher revenues.

ZincSearch raises $3.6 mn in seed funding led by Nexus Venture Partners

ZincSearch has amassed more than 7,900 GitHub stars in just five months, making it one of the fastest-growing open source enterprise projects of the last 12-months.