Page 20 - Companies

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

Netflix Q1CY24: Best results since 2020; 9.3 mn new subscribers acquired

Driven by new series, ad-supported tier, and enhanced subscriber policies, Netflix achieved $2.3 billion in net income and $9.3 billion in revenues during the January-March quarter of 2024

Deepak Parekh steps down as chairman, non-executive director of HDFC Life

The company said that it has appointed Keki M Mistry as the chairman of the Board

HDFC Life Q4FY24 results: Net profit up 14.8% Y-o-Y at Rs 411 cr

Net premium income was Rs 20,488 crore, up 5.4% from Rs 19,426 crore last year

NSE to stop issuance of new futures and options contracts for ZEE

On April 16, the NSE said contracts for new expiry months for Zee Entertainment will not be issued once the existing contract months expire

Zomato launches all-electric 'large order fleet' catering to parties

Zomato CEO Deepinder Goyal posted on X (formerly Twitter) that the company previously managed large orders through multiple delivery agents, resulting in subpar customer experiences

Srinivas Pallia sold his entire stake in Wipro before taking over as CEO

On April 6, Wipro, the fourth largest software services firm in India, announced the unexpected departure of former CEO Thierry Delaporte and Pallia was made the top boss

Metal recycling startup Runaya aims to generate $1 bn in revenue by FY30

The company is also looking at an IPO. But Agarwal said, it was not an urgent priority. It would happen whenever the timing is right

Impresario to add 10-15 'Social' outlets yearly; targets tier-2 cities

Impresario Entertainment and Hospitality, which operates the restaurant Chain 'Social', is looking to add 10 to 15 new brand outlets annually, especially in tier-2 cities, as part of its expansion plan, said its founder and MD Riyaaz Amlani. The company, which also operates restaurant brands like Smoke House Deli and Mocha, remains bullish and optimistic about its growth in India, led by various factors, such as demographic dividend and increasing appetite for premium experiences. "In the overall food services market, quick service restaurants (QSR) and casual dining restaurants (CDR) are the strongest lever of growth. Our trailblazer brand, Social, sits at the confluence of a cafe and a bar and comes under the CDR category, with immense potential for growth in this segment," Amlani told PTI. Impresario is planning to open 10-15 new Social outlets annually on the back of its experience. The company has seen a double-digit revenue growth this year (FY24) compared to FY23, he noted.

TCS Q4 results: Profit rises 9% to Rs 12,434 crore, revenue up 3.5%

The company announced an interim dividend of Rs 28 per share.

Adani Group seeks $750 mn from banks to pay for conversion of warrants

As of March, Adani family had reportedly made an initial payment of Rs 6,661 crore for the conversion of warrants allocated by Ambuja Cements

Tech Mahindra, Microsoft announce unified workbench for analytics platform

The collaboration will help organisations to adopt Microsoft Fabric and create complex data workflows with simple-to-use interface

Quite a design rethink done to stay relevant, says Prestige Group CEO

Consumer needs and requirements have changed, and differ from city to city. We need to take into consideration what the people of a select city need and then do it accordingly, Venkat K Narayana said

Merck India appoints Dhananjay Singh as MD of its Life Science unit

Over the years, Singh has taken on several leadership roles in commercial organisations such as Sigma-Aldrich and Merck India

Health-tech firm Pristyn Care eyes IPO in 3 yrs, to expand market presence

By streamlining costs and maximising efficiency, the company aims to enhance its financial performance while expanding its market presence

MakeMyTrip expands global reach, now available in over 150 countries

India's online travel firm has expanded its reach to major travel markets like the UK, Germany, Japan, Italy, France, and others

Apple pivots to housing for Indian factory workers. Plans 78,000 homes

'The massive employee housing initiative aims to enhance efficiency and provide security, particularly for migrant women employees,' said an official