Page 19 - Companies

Indian Oil Q4FY24 results: Net profit falls 49% to Rs 5,148 crore

For the entire financial year, the company reported a rise in net profit by 326.15 per cent at Rs 41,729.69 crore, compared to Rs 9,792.12 crore reported at the end of FY23

Exide Industries Q4FY24 results: Net profit jumps 36% YoY to Rs 283 cr

Exide Industries Q4 results: The company announced an interim dividend of Rs 2 per share

Here's how much Wipro CEO Srinivas Pallia is set to earn in the first year

Wipro's new chief executive officer (CEO), Srinivas Pallia, is set to receive up to $6 million in annual compensation during his initial year

Ola Cabs CEO Hemant Bakshi quits; company to lay off 10% employees

Ola Cabs is reportedly planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion

UltraTech Cement Q4 results: PAT up 35% at Rs 2,258 cr, revenue rises 9%

UltraTech Cement announced an interim dividend of Rs 70 per share

InGovern raises concern over Triveni Engineering's stake buy in Sir Shadi

The proxy advisory firm has said the Securities and Exchange Board of India (Sebi) should appoint an independent valuer to determine the fairness of the offer price of TEIL

Tech Mahindra Q4 results: Net profit drops 40% to Rs 661 cr; income down 5%

Tech Mahindra Q4FY24 results: The company announced an interim dividend of Rs 28 per share

Nestle India Q4FY24 results: Net profit soars 27% to Rs 934 crore

Company to launch Nespresso in India, announces joint venture with Dr. Reddy's Laboratories

Happiest Minds to acquire Noida-based PureSoftware for $94.5 million

The IT company aims to boost its domain capabilities in BFSI, healthcare and life sciences through this acquisition

Nestle India March quarter results: PAT up 27% at Rs 934 cr, revenue up 9%

Nestle India January-March quarter financial results: Company announces a dividend of Rs 8.50 per equity share

Happiest Minds Technologies to acquire PureSoftware for Rs 779 crore

IT company Happiest Minds Technologies Ltd on Thursday said it will acquire PureSoftware Technologies for a total consideration of USD 94.5 million (Rs 779 crores). Happiest Minds Technologies has signed definitive agreements to acquire 100 per cent of the equity share capital of PureSoftware Technologies Pvt Ltd for a total purchase consideration of Rs 779 crore, according to a company statement. The total purchase consideration comprises upfront payment of Rs 635 crore on closing and deferred payment of up to Rs 144 crore payable at the end of 2024-25, on achievement of set performance targets. "I am delighted to welcome the PureSoftware Team to the Happiest Minds family. Our Mission of 'Happiest People. Happiest Customers' and PureSoftware's 'Customer Delight by Creating Employee Delight' harmonizes our shared vision of driving happiness for people and customers," Happiest Minds, executive chairman, Ashok Soota, said in the statement. Noida-headquartered PureSoftware has a globa

Swiggy gets shareholder approval for potential $1.2 billion IPO this year

Bengaluru-based Swiggy intends to raise up to Rs 3,750 crore ($450 million) in fresh capital alongside an offer-for-sale (OFS) segment of up to Rs 6,664 crore ($800 million)

Morgan Stanley Asia private equity unit to reorganise as CEO retires

The firm has appointed Jun Xu, who is currently head of its yuan-denominated investment funds, to lead all private equity investing in China, the memo said

Lodha Q4 results: Net profit slips 10% to Rs 667 crore, FY24 profit up 300%

Realty firm Macrotech Developers reported its best ever quarterly and annual pre-sales performance with robust margins

Google fires 20 more employees over protest against Project Nimbus contract

Google's employees staged protests against the company's collaboration with the Israeli government on "Project Nimbus", a $1.2 billion cloud computing initiative

RJ Corp succession: Jaipuria's son gets food, daughter education and health

Both the RJ Corp companies, Varun Beverages (VBL) and Devyani International (DIL), are named after the founder Ravi Jaipuria children and are listed companies

Aramco's VC arm building an India team to bet on early-stage opportunities

Prosperity7 Ventures, Saudi Aramco's venture capital arm, manages over $3 billion in assets worldwide

Raising capital may be priority for incoming Dhanlaxmi Bank's CEO

Ajith Kumar K.K. will be fifth chief executive of Dhanlaxmi Bank in 9 years

AdaniConneX in talks with banks to raise $900-950 mn in offshore loan

The funding arrangement entails an interest rate set at 250-260 basis points above the Secured Overnight Financing Rate (SOFR) and spans a duration of six years

TCS, Infosys, Wipro see salary bills surge even as revenue growth slows

Lateral hiring in high-demand sectors like artificial intelligence (AI), machine learning (ML), cloud, and engineering services are the reason behind the surge