Page 33 - Companies

SC summons 2 NCLAT members for defying order, slams 'rot' in tribunal

A bench, which also had justices J B Pardiwala and Manoj Misra, asked the two NCLAT members to appear before the Supreme Court on October 30

Bajaj Auto Ltd Q2FY24 result: Net profit rises to Rs 2020 cr; revenue up 6%

The company's total income for Q2FY24 came in at Rs 11,206.84 crore, compared to Rs 10,536.56 crore year-on-year

Himadri Speciality Chemical reports 5.1% revenue decline in Q2FY24

Operating in both domestic and international markets, Himadri Speciality Chemical exports to 49 countries worldwide

Birlasoft appoints Selvakumaran Mannappan as chief operating officer

In his previous role, Selvakumaran Mannappan was the delivery head of BFSI‐Americas (Banking, Financial Services & Insurance) at Cognizant Technology Solutions

MSIL to issue shares worth Rs 12,841 cr to acquire Gujarat plant from SMC

Share issue will raise Suzuki Motor Corporation's ownership in Maruti Suzuki India to 58.19%

Government to exit Hindustan Zinc Ltd, but over an extended period

The residual stake is valued at approximately Rs 40,000 crore at current market prices

Meesho sees record 16 mn new app installs during Mega Blockbuster sale

With 1.2 billion customer visits, categories such as home and kitchen, fashion as well as beauty and personal care garnered more than 72 orders per second

Chennai firm Data Patterns inks strategic MoU with Isro, to acquire SAR

SAR technology is capable of generating high-resolution images from space, unaffected by weather conditions, and can collect data during both day and night

Jio Financial Services Q2 results: Net profit surges 101% to Rs 668 crore

Total income rose by 46.8% to Rs 608 crore from Rs 414 crore in Q1FY24. Expenses up by 32.7% at Rs 71.43 crore from Rs 53.81 crore quarter on quarter

SIDBI & GAME onboards 18 cohorts to NBFC Growth Accelerator Program

The joint initiative by SIDBI and GAME is expected to bolster the lending capacity of MSME focused NBFCs

Apollo Health targets high-end customers with new 'boutique' hospitals

According to Apollo's Q1FY2024 results, both Spectre and Cradle Royale showed a combined in-patient Average Revenue Per Patient of Rs 2.12 lakh

Proportion of new deal wins into revenues intact, says TCS official

The proportion of new deal wins into revenues is "intact", a senior official at largest IT services company TCS has said, attributing the sluggish revenue growth to the adverse impact on discretionary demand because of economic headwinds. Stating that discretionary demand can contribute as much as 30 per cent of incremental revenues in a quarter, the company's chief operating officer N Ganapathy Subramniam told PTI that the September quarter results were impacted due to this aspect. Clients are choosing to conserve cash given the economic climate and choosing to defer spends where they do not see immediate returns on investments, which has impacted the discretionary demand, he said. He, however, said that the proportion of revenue it bags from new deals has not been affected. The company has reported signings of over USD 10 billion for three consecutive quarters. "TCV (total contract value) to revenue conversion rate is intact," Subramaniam said, explaining that there are a slew of

Adani to pump in Rs 20,000 cr for 4x boost in ports capacity by 2030

Adani said the fight between Israel and Hamas had had no impact on operations at Haifa Port so far

Record 1.4 bn visits during 'The Big Billion Days' festive sales: Flipkart

Choices in smartphones, laptops, tablets and home appliances indicate a strong premiumisation trend across India this year, said Flipkart

Expanding our grocery, fulfilment centres in 12 months: Flipkart's Badri

Badri said that Flipkart is generating over 100,000 new job opportunities across its supply chain to provide services during the festive season

Speciality Restaurants to focus on oriental cuisine for expansion

Cloud kitchens, which expanded quickly during the pandemic, will continue to grow

Problem of plenty for Indian companies as cash pile keeps growing

New investments haven't kept pace with money flowing in from operations

Venture Highway gets 50x returns in secondary sale of stake in Meesho

Venture Highway, an early and long-term backer of Meesho, invested in the company's first seed round over eight years ago

Delhi HC stays proceedings against Hero MotoCorp, chairman Pawan Munjal

The stay on the operation of the FIR as well as the trial court order will remain in force till December 6, the next date of the hearing

Hotels to steel: India Inc unlocks subsidiaries' value with mergers, splits

Combined value of deals reaches $32.9 bn in Q3 CY2023, the highest quarterly total since Q2 CY2022