Page 5 - Companies

Happiest Minds eyes double-digit growth in FY26 despite challenges

IT firm saw Q4 revenue flat due to a client exit, but expects BFS and healthcare to drive growth; 20-24 key accounts identified for $20 mn-plus revenue focus

Britannia sees steady demand recovery, expects revenue and volume growth

Varun Berry says gradual demand recovery will continue; company plans limited price hikes and expects quick commerce sales to double in three years

Our aspiration is to exit Q4FY26 with RoA of 1%: Yes Bank MD & CEO

Prashant Kumar discusses the Q4FY25 results and future strategy of the bank

Top steelmakers likely to rebid for distressed Bhushan Power & Steel assets

SC's order to liquidate Bhushan Power may prompt renewed interest from top steel companies, but investor concerns grow over reversals of long-settled IBC deals

BluSmart drivers hit the streets for compensation and job guarantee

After BluSmart's abrupt shutdown, drivers protest in Delhi seeking severance pay, employment guarantees and the right to unionise amid growing concerns over gig worker rights

Axis Bank Q4 results: Net profit remains flat at ₹7,118 crore, NII up 6%

Net interest income in the third quarter rose 6 per cent to ₹13,811 crore, NII was ₹13,089 crore in the fourth quarter of the previous financial year

Zomato denies report of food delivery CEO Rakesh Ranjan stepping down

Earlier reports claimed that Ranjan was stepping down as part of an internal reshuffle, with Zomato co-founder Deepinder Goyal expected to take interim charge

Hyderabad-based Hearzap announces Rs 8-cr ESOP, to double expansion by FY28

Furthermore, with a projected revenue growth of 20 per cent in FY 2024-25, this initiative would empower team members to build personal wealth while growing with the organisation, the company believes

JSW Energy aims for 30Gw generation capacity by 2030, revises target

Mamata Banerjee to lay foundation stone of firm's ₹16,000 cr Salboni plant on Monday

Some upper-layer NBFCs can be good substitute for banks: Sanjiv Bajaj

In next 10-15 years, India needs around four large capable, mature NBFCs, says Bajaj Finserv's Chairman and Managing Director Sanjiv Bajaj

People at 'dheerga ayush' companies learn, grow and stay curious

Fulfilment presumes that there is some deep ambition and a personal purpose. It may be prosaic, like feeding your family, or philosophical, like providing music as soup for the soul

Nivara Home Finance raises Rs 245 cr in Series B round led by True North

True North Fund VII will invest Rs 170 crore, while Baring PE India and the promoters, Sunil Rohokale and Monik Koticha, will contribute Rs 50 crore and Rs 25 crore, respectively

Muthoot insurance arm's CEO, ex-executive accused of ₹12 cr gift card fraud

The alleged fraud took place between April 2023 and November 2024, resulting in a notional revenue loss of ₹31.28 crore

Cantabil Retail eyes Rs 55 cr capex by FY26, to expand production capacity

Nigam shared details about the company's major project, set for completion by mid-September

Wave, Agristo to invest Rs 750 cr in UP to expand potato processing plant

Wave Group and Belgium's Agristo NV will invest around Rs 750 crore to expand their potato processing plant in Uttar Pradesh to make premium french fries, amid rising global demand for processed food. In 2019, Wave Group firm Masa Global Food Pvt Ltd and Agristo's subsidiary firm IMSTO NV, Belgium had formed a 50:50 joint venture firm to establish a potato processing plant at Bijnor to make dehydrated potato flakes. The name of the joint venture firm is Agristo Masa Pvt Ltd. The plant started operations in 2022 with an annual capacity of 7,500 tonnes. In an interview with PTI, Wave Group Chairman Manpreet Singh Chadha noted that there is an immense growth potential in Indian food processing sector. He also stressed on the need to boost crop yields and processing capacity for augmenting farmers income. "We are setting up a new production line for export quality french fries at Bijnor," Chadha told PTI. He said the total investment on this expansion will be around Rs 750 crore, whi

Signature Global's revenue set to rise at least 2.5 times to over Rs 3K cr

Real estate company Signature Global is expecting at least a 2.5 times jump in its operational revenue to more than Rs 3,000 crore in this fiscal on strong sales as well as completions of projects, its Chairman Pradeep Kumar Aggarwal said. In an interview with PTI, he also exuded confidence that the company would easily surpass the pre-sales target of Rs 10,000 crore and launches of Rs 16,000 crore during the current fiscal year. "The company's performance in the first three quarters of this fiscal has been very strong across all major parameters like sales bookings, launches, collection from customers and deliveries," Aggarwal said. He said the company would end the financial year 2024-25 on a strong note. Asked about the revenue growth, Aggarwal said, "We had given a guidance of Rs 3,800 crore worth of revenue recognition during the current fiscal year. Our operational revenue has already crossed Rs 1,900 crore in the first nine months of this financial year. We are hopeful of a

NOTO Ice Cream raises Rs 15 cr in funding round led by Inflection Point

Start-up NOTO Ice Cream on Thursday said it has raised Rs 15 crore in its latest funding round, led by Inflection Point Ventures (IPV), with participation from JITO and Lets Venture. The funds will be utilised for expanding into Tier-I and Tier-II cities, launching innovative flavours and formats for the summer, supporting marketing on food-tech aggregators and quick-commerce platforms, upgrading infrastructure, and boosting brand awareness through experiences, the company said in a statement. The brand, also backed by renowned personalities such as John Abraham, Rannvijay Singha, and Kunal Bahl, is currently operational in cities, including Mumbai, Delhi, Bangalore, Hyderabad, Chennai, and Pune. It is expanding into new markets such as Ahmedabad, Kolkata, and Lucknow. NOTO Ice Cream Co-Founder & CEO, Varun Sheth said," This funding fuels our expansion into Tier I and Tier II cities..." Inflection Point Ventures Co-Founder, Vinay Bansal said health-conscious consumers often ...

Vedanta gets demerger nod; 99.99% shareholders, 99.95% lenders support move

Vedanta Ltd has received approval from its shareholders and creditors for its proposal to demerge the company into five independent, sector-specific companies, according to a stock exchange filing by the company. The demerger was approved by 99.99 per cent of shareholders, 99.59 per cent of the secured creditors, and 99.95 per cent of unsecured creditors of Vedanta Limited who voted in favour of the demerger, as per the stock exchange filing made by the company. According to Vedanta's demerger scheme, every Vedanta shareholder will receive 1 additional share in each of the 4 newly demerged companies on the completion of the demerger process. The five companies are Vedanta Aluminium, one of the world's largest producers of aluminium; Vedanta Oil & Gas, India's largest private-sector crude oil producer; Vedanta Power, one of India's largest generators of power; Vedanta Iron and Steel - a company with a highly scalable ferrous portfolio; and Vedanta Limited which will include the ...

Hero MotoCorp eyes double-digit revenue growth next fiscal: CFO Anand

The country's largest two-wheeler maker Hero MotoCorp expects double-digit revenue growth next fiscal riding on the back of continued investments on new products and segments, according to Chief Financial Officer Vivek Anand. The company, which reported a revenue of Rs 10,260 crore for the December quarter, also anticipates a double-digit revenue growth in the current fiscal. "This year, the guidance we have given is for double-digit revenue growth. Looking at our first nine months performance and looking at how this quarter (fourth) has started, we believe that there will be a repeat next year, a double-digit revenue growth," Anand said in an analyst call. The company's consolidated revenue from operations for FY24 stood at Rs 37,789 crore as compared with Rs 34,158 crore in FY23. On the business outlook, he noted that the company would continue its investments behind new products and segments. "We remain consistent in our commitment towards investing behind the premium and EV ..

IT companies likely to roll out 3-6% hikes this year, say HR experts

According to reports, the IT attrition rate for this year is expected to be around 12-13 per cent