Page 18 - Companies

Shapoorji Pallonji Group seeks $1.2 billion loan from Power Finance Corp

As collateral for the initial loan, the SP Group pledged its 18 per cent stake in Tata Sons, the holding company of the Tata Group, according to reports

IIHL sets sights on $50 bn valuation by 2030: Chairman Ashok Hinduja

The Hinduja Group arm will raise stake in IndusInd Bank to 26%; IIHL, Aasia Enterprises acquisition of Rel Cap to meet Irdai norms

Breweries ramp up production on record sales forecast this summer

The companies ramp up production, diversify offerings on record summer sales forecast

Bhavesh Gupta 3rd in senior role at Paytm to resign, more may put in papers

Gupta's resignation comes just as the firm is set to announce its annual and fourth quarterly results. Gupta resigned from his position at the company citing personal reasons

M&M Finance Q4FY24 results: Net profit declines 10% to Rs 619 crore

Expenses grew by nearly 36 per cent on the year to Rs 2,874.56 crore in the quarter under review, up from Rs 2,112.94 crore in the January-March quarter of FY23

India sees incorporation of 185,000 companies in 2023-24, shows data

More than 1.85 lakh companies were registered in the country last fiscal, higher than the count recorded in the year-ago period, and nearly 16,600 companies were set up in March this year, according to official data. As per the data, 1,59,524 companies were registered with a collective paid up capital of Rs 18,132.16 crore in 2022-23. At the end of March 2024, the country had a total number of 26,63,016 companies and out of them, 16,91,495 companies or 64 per cent were active. As many as 9,31,644 registered companies were closed, 2,470 were dormant entities and 10,385 companies were under liquidation. A total of 27,022 companies were under the process of being struck off from official records. During FY 2023-24, a total of 1,85,312 companies were registered with a collective paid up capital of Rs 30,927.40 crore, according to the corporate affairs ministry's information bulletin for March. Out of them, 71 per cent were in the services sector, followed by 23 per cent in the indust

DMart Q4 results: Net profit rises 22% to Rs 563 crore, revenue up 20%

DMart Q4 results: The revenue from operations of DMart rose to Rs 12,726.5 crore in Q4FY24 from Rs 10,594 crore in the same quarter of previous financial year

Bhavish Aggarwal's Krutrim unveils Android app, iOS app coming soon

Krutrim has opened up its cloud platform for enterprises, researchers, and developers, enabling development of new-age technology products at a fraction of current costs

Tata Technologies Q4FY24 results: Net profit down 27% at Rs 157.24 crore

Tata Technologies announced an interim dividend of Rs 10.05 per share

Adani Enterprises Q4FY24 results: Net profit drops 37% to Rs 450.58 crore

The company announced an interim dividend of Rs 1.3 per share

Shell beats expectations with $7.7 bn profit in Q1 on strong oil trading

Shell's chemicals and products divisions, which include refining and oil trading, registered a more than threefold rise in adjusted earnings from the previous quarter to $2.8 billion

Infibeam's CCAvenue partners with Shivalik SFB to improve merchant access

Small finance bank's account holders will be able to make payments on websites 'powered' by CCAvenue, according to agreement

Qualcomm's forecast beats estimates as AI drives chip sales in China

After a smartphone slump last year, Qualcomm said that China's Android market - which has become critical to the company - has started to pick up

Adi-Nadir Godrej family makes open offer to acquire Astec Lifesciences

To acquire 20.84% stake in Godrej Industries from Jamshyd Godrej family

Godrej Industries to be main holding company for Adi-Nadir Godrej family

Godrej Industries holds 64.9 per cent stake in Godrej Agrovet, and 23.7 per cent stake in Godrej Consumer Products, and 47.3 per cent stake in Godrej Properties

Adani Power Q4 result: Net profit down 48% at Rs 2,737 cr, revenue up 30%

Adani Portfolio of companies will continue to provide innovative, reliable, and scalable solutions to support the nation's economic growth, says Gautam Adani

Farm equipment maker Kubota wants to make India its global hub, like Suzuki

The acquisition of Escorts in 2022, leading to the rebranding as Escorts Kubota, offered Kubota a crucial foothold in the Indian and international markets by offering cost-effective manufacturing

FirstCry refiles IPO papers, reports December revenue at Rs 4,814 crore

FirstCry's Key Performance Indicators (KPIs) include its average order value, annual transacting customers and number of orders

Govt committee submits report on banned spice issue, decision pending

The govt is launching an initiative to ensure India's exports meet importing countries' tolerance limits

Fino Payments Bank Q4 results: Net profit rises 14% to Rs 25.21 crore

On a sequential basis, the company's net profit rose 10 per cent from Rs 22.80 crore in Q3 FY24