Page 14 - Companies

Byju's lender asks court not to quash insolvency proceedings against firm

Glas Trust says Byju and his brother Riju used money owed to lenders to clear the Indian cricket board's dues and that the insolvency proceedings should continue

Adani's Super app launches digital lending trials with fintechs and NBFCs

Launched in December 2022, 'Adani One' app provides users with a variety of services, such as cab services, flight bookings, shopping at Adani-operated airports, and rewards redemptions

Tata Consumer Products Q1FY25 results: Net profit down 8.3% to Rs 290.3 cr

The salt business revenue grew by 9 per cent on the back of strong volume growth

Ola Electric set for IPO with Rs 12-13 GMP, price band at Rs 72-76 a share

The grey market premium (GMP) for Ola Electric's shares is estimated at Rs 12-13, suggesting a potential premium of 16% over the issue price

Veefin Solutions appoints Parag Ekbote as CEO of GlobeTF & CBO of Group

Ekbote, an accomplished business leader with nearly 30 years of experience in the banking technology sector, will also serve as the Chief Business Officer of the Veefin Group of Companies

Bajaj Auto-powered electric mobility company Yulu eyes global ride

It plans to pedal overseas with a Bajaj product and accelerate into India's e-commerce space with a high-speed two-wheeler

Cost savings drive Philips' Q2 profit growth, flags insurance payout

Since late 2022, Philips has said it would slash up to 10,000 jobs in an attempt to restore profitability and improve product safety

MakeMyTrip Q1 FY25 results: Net profit jumps 12.9% to $21 million

The company's revenue as per IFRS grew by 31.4% YoY in constant currency to $254.5 million in Q1 FY25 from $196.7 million in Q1FY24

Bhutani Group acquires stake in WTC Noida to complete stalled projects

World Trade Centers Association has licences in 40 cities in India. Currently, 5 World Trade Center projects are stalled that require at least Rs 3,000 crore for completion

Imports from China, Asean at predatory prices main concern: Jayant Acharya

Even imports from Japan and Korea have been elevated. India is basically a vulnerable ground because our domestic demand is very good, said Jayant Acharya, JMD, JSW Steel

Aim to reduce CD ratio as fast as possible: HDFC Bank MD & CEO Jagdishan

Bank to Prioritise Engagement and Service Over Interest Rates for Deposits

WazirX major security breach: Calls for legal recourse grow louder

Legal experts tracking the sector believe that users who have lost their funds can look at the country's consumer protection laws as one recourse

Focus remains strong in delivering innovative solutions: Ramco Systems

Ramco Systems was well-positioned to capitalise on the opportunity as demand for transformation continues to grow and focus remains strong to deliver innovative solutions that drive efficiency and productivity, a top official has said. The focus of the city-based enterprise software product provider, remains strong to deliver innovative solutions that drive efficiency, productivity and competitive advantage for the clients, Chairman P R Venketrama Raja said. "Businesses worldwide are significantly increasing their technology investments. Organisations are prioritising digital transformation initiatives, recognising that their competitive edge and value creation depend on effectively leveraging technology across processes, products, services and customer experiences," Raja said. Ramco Systems was witnessing the beginning of a turnaround with several positive developments across operations. "We have been working tirelessly to strengthen our core operations to seize new growth ...

HCLTech plans to deduct leaves of employees who don't show up to office

The IT major is planning to link attendance with leaves wherein, if HCLTech employees fail to come to the office for at least thrice a week, the company plans to deduct their leaves

Momentum we saw in Q1 will be maintained in Q2: LTIMindtree CEO & MD

Debashish Chatterjee, chief executive officer and managing director of LTIMindree talks about the growth drivers

Warner Bros Discovery mulls major restructuring to boost stock value

CEO David Zaslav is evaluating various strategic paths, which may include asset sales or establishing a new entity for its Warner Bros movie studio and Max streaming service

Don't see change in UK strategy: Tata Steel Chairman N Chandrasekaran

The transition from blast furnace to EAF technology puts 2,800 jobs at risk and the Labour government has been engaging in discussions to try and save jobs, according to reports in the UK

Unilever job cuts: HUL to assess parent's global initiatives for its biz

Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025

Lonely dead pool club: Shutdowns fall 99.8%, startups face a zombie threat

While founders have now become more prudent, there are firms that continue to burn cash to survive and may soon end up in the dead pool once their runway ends

QMS Medical acquires 51% stake in Saarathi Healthcare for Rs 45 crore

QMS Medical Allied Services on Friday said it has acquired a 51 per cent stake in Saarathi Healthcare for Rs 450 crore. Mumbai-based QMS MAS is engaged in the marketing and distribution of a wide range of medical products. "The acquisition of Saarathi is the natural extension of our services and another step of our expansion plan. Where QMS MAS specializes in patient screening, Saarathi specializes in disease management leading to better disease outcomes essentially enabling us to provide a comprehensive portfolio to our clients," QMS Medical Allied Services CMD Mahesh Makhija said in a statement. This move will have a significant addition to company's revenues and profitability from the onset of the next fiscal year, he added. Saarathi Healthcare Founder & CEO Ranjeeta Vinil said the companies will forge ahead with collective strength in products and services.