Page 24 - Companies
Patanjali Foods Q3FY24 results: Net profit declines 19.55% to Rs 216.54 cr
However, the company's net sales saw a rise of 0.2 per cent to Rs 7,910.70 crore from Rs 7,926.64 in the year-ago period
 "Patanjali Foods Q3FY24 results: Net profit declines 19.55% to Rs 216.54 cr")
MCA issues fresh notice to fintech BharatPe as part of ongoing inquiry
BharatPe claimed that the notice pertained to an inquiry initiated in 2022, requesting additional information on its operations and actions taken against co-founder Ashneer Grover
 "MCA issues fresh notice to fintech BharatPe as part of ongoing inquiry")
Some slowdown likely in elections, confident of growth: Ashok Leyland
The commercial vehicle manufacturer is getting investor interest in Switch and is open to multiple options in funding for the unit, says Dheeraj Hinduja
 "Some slowdown likely in elections, confident of growth: Ashok Leyland")
RBI imposes Rs 8.80 lakh fine on Power Finance Corp for norm violation
The PFC did not adhere to specific provisions of the RBI's directives on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies
 "RBI imposes Rs 8.80 lakh fine on Power Finance Corp for norm violation")
Entero Healthcare Solutions set to launch Rs 1,600-crore IPO on February 9
In FY23, Entero Healthcare reported Rs 33,00.20 crore in revenue from operations with a gross profit of Rs 268.34 crore
 "Entero Healthcare Solutions set to launch Rs 1,600-crore IPO on February 9")
NCLT issues notice on Zee's plea seeking directions for Sony merger
NCLT has granted two weeks to Sony to file its reply and listed the case for hearing on March 12
 "NCLT issues notice on Zee's plea seeking directions for Sony merger")
S P Apparels announces acquisition of Young Brand Apparel for Rs 223 cr
This includes the garment unit situated at Palladam of Bannari Amman Spinning Mills, and the land and building situated at SIPCOT
 "S P Apparels announces acquisition of Young Brand Apparel for Rs 223 cr")
Vanguard slashes Ola's valuation by another 29% to $1.88 billion
Last year in February, Vanguard marked down the valuation of ANI Technologies by about 34 per cent to $4.8 billion from $7.3 billion
 "Vanguard slashes Ola's valuation by another 29% to $1.88 billion")
Thyrocare acquires Think Health Diagnostics, expands into home ECG services
With this strategic acquisition, Thyrocare will expand its footprint in the pre-policy medical check-up segment for the insurance market
 "Thyrocare acquires Think Health Diagnostics, expands into home ECG services")
Tata, Israel's Tower Semiconductor among bidders for SCL Mohali revamp: Rpt
To enable SCL to manufacture modern chips, starting with 40 and 65 nm chips, the IT ministry had earmarked $1 billion for its modernisation
 "Tata, Israel's Tower Semiconductor among bidders for SCL Mohali revamp: Rpt")
Swiggy revenue jumps 45% to Rs 8,625 cr in FY23, loss widens to Rs 4,179 cr
The SoftBank-backed food delivery firm's financial performance comes at a time when Swiggy is eyeing an up to $1 billion domestic initial public offering (IPO) this year
 "Swiggy revenue jumps 45% to Rs 8,625 cr in FY23, loss widens to Rs 4,179 cr")
Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra
Chandra also said that as a promoter, he was "seriously considering" filing a criminal case against Sony
 "Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra")
Rana Talwar: Indian trailblazer who took Citi, StanC to new heights
Talwar, the son-in-law of real estate tycoon KP Singh, chairman emeritus of DLF, also served on the board as a non-executive director
 "Rana Talwar: Indian trailblazer who took Citi, StanC to new heights")
Large shareholders may nudge Zee Entertainment board on action plan
Share prices of Zee nosedived after collapse of its merger agreement with Sony Pictures Networks
 "Large shareholders may nudge Zee Entertainment board on action plan")
Zomato Payments gets RBI approval to operate as payment aggregator
January 24 2024 onwards, ZPPL has the authorisation to act as a payment aggregator and issuer of prepaid payment instrument
 "Zomato Payments gets RBI approval to operate as payment aggregator")
Focus on reducing losses, bring in efficiency: Byju's India CFO Golani
The company has taken various measures to improve the company's operating financial conditions including scaling down the underperforming businesses significantly
 "Focus on reducing losses, bring in efficiency: Byju's India CFO Golani")
Survival of family firms under threat amid shortage of capable heirs
Even if family companies grow to be behemoths like Succession's Waystar RoyCo, family companies are inherently fragile organisations
 "Survival of family firms under threat amid shortage of capable heirs")
MakeMyTrip logs highest-ever quarterly gross bookings at $2.08 billion
The online travel services platform delivered its highest-ever quarterly gross bookings during Q3 FY24
 "MakeMyTrip logs highest-ever quarterly gross bookings at $2.08 billion")
Byju's reports Rs 5,014 cr in operating revenue, Rs 8,245 in losses in FY22
Edtech giant grapples with financial challenges as auditors raise concerns over $1.2 billion term loan
Fintech firm Quinte, Tamil Nadu sign deal to set up development centres
US-based company will use state's 'talent pool' to establish artificial intelligence, machine learning banking operations
 "Fintech firm Quinte, Tamil Nadu sign deal to set up development centres")