Page 20 - Companies

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

Ordering food from Zomato to get costlier as the company hikes platform fee

Zomato processes somewhere between 2-2.2 million orders daily, suggesting that a Rs 1 increase, from Rs 4 to now Rs 5, could boost the company's quarterly earnings

Majority of top-100 firms making disclosures about carbon emissions: PwC

Supplementing the efforts of the Indian government to achieve a net-zero emission target by 2070, as many as 51 per cent of the top-100 companies have started making disclosures on a voluntary basis about carbon emissions, says a PwC India survey. The survey further said that about 31 per cent of the respondent companies have disclosed their net-zero targets. The government and the regulators have introduced new regulations pertaining to ESG (environmental, social and governance) for businesses. India's transition to BRSR Core positions the nation as a frontrunner in the global transition towards a more credible and transparent sustainability reporting landscape. "51 per cent of India's top 100 listed companies by market capitalisation disclosed their Scope 3 data for FY23 despite it being a voluntary disclosure in Business Responsibility and Sustainability Reporting (BRSR)," said the report, 'Navigating India's Transition to Sustainability'. This, it added, "sheds light on how Ind

UltraTech to acquire India Cements' 1.1 mtpa grinding unit for Rs 315 cr

Strengthening its market in Maharashtra, UltraTech Cement will secure a grinding unit with a capacity of 1.1 million tonnes per annum, including a captive railway siding, from India Cements

Zomato faces Rs 11.81 crore GST demand and penalty order, plans to appeal

Facing a GST demand for export services to subsidiaries from July 2017 to March 2021, Zomato plans to challenge the Rs 11.81 crore penalty and demand in appellate court