Page 21 - Companies

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

Tata Steel to stop operations of coke ovens at Port Talbot plant

Coke ovens are manufacturing plants or blast furnaces for making coking coal, a key raw material in steelmaking

Poonawalla Fincorp's AUM surges 54% in Q4FY24, hits Rs 24,800 crore

'FY24 was the year of significant growth across all business parameters', said Abhay Bhutada, MD, Poonawalla Fincorp

Centre Court Capital launches Rs 350 cr maiden fund for sports, gaming

Fund has raised Rs 200 cr in commitments from investors, will focus on early-stage opportunities

Swiggy's executive exodus continues as vice president Karan Arora quits

The Vice President and Head of Supply Chain Management at Swiggy, Karan Arora, will join Convenio, an offline retail startup, as co-founder