Page 5 - Companies

Perishables fuel Air India's cargo growth amid cold chain overhaul

Air India's perishables cargo rose 37% in two years as it expanded cold chain infrastructure, added tech tools, and grew flight capacity on key international routes

India may soon allow US, foreign companies to bid for govt contracts

The government is likely to allow US firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with Washington.

FY25 marks among the least ever spends on taking companies private

Acquisition amount at less than Rs 100 crore

Focusing on how ageing millennials look at wellness: Fireside's Vinay Singh

With ₹3,000 crore under management, Fireside Ventures sees emerging consumer cohorts and tech-driven wellness as key to India's evolving consumer brand landscape

Perfetti Van Melle India aims for ₹4,000 crore revenue in FY26

After closing FY25 at Rs 3,500 crore, the confectionery maker expects FY26 to be stronger, driven by improved demand, distribution depth and product mix shifts

EV biz to breakeven when monthly sales reach 25K units: Hero MotoCorp CFO

Hero MotoCorp aims to break even in its EV business by reaching 25,000-30,000 monthly unit sales, with FY25 sales up 175% and EBITDA improving to -95%

Vi files fresh petition in SC, seeks ₹30K crore waiver on AGR dues

Telco seeks waiver of over ₹30,000 crore of Adjusted Gross Revenue (AGR) dues towards penalties and interest as Supreme Court hearing is expected on 19 May

Burberry to cut 1/5 of its workforce globally as profits plunge, costs rise

Burberry will cut 1,700 jobs worldwide by 2027 including its entire night shift in Castleford after a £66 million loss forces the luxury brand to intensify cost-cutting efforts

Eternal leases over 84,000 sq ft office space in Mumbai's Andheri

The lease spans five years with a rent escalation clause, includes 57 parking spots, and was registered on 9 May with a fit-out period of 150 days starting 1 May 2025

JB Pharma Q4 results: Profit up 15% to ₹145.6 cr; revenue rises 10%

JB Pharma posts strong FY25 performance with 19.3% profit growth; domestic business up 20%, CDMO segment and Russia drive international gains

Q4 results highlights: Tata power net profit rises 16.5% to ₹1,042 crore

Q4 results highlights: Hindustan Aeronautics, Lupin, Eicher Motors, and financial services firm Muthoot Finance will be among 126 companies to release their earnings today. Catch the updates here

Thomas Cook India to top FY26 industry growth: MD & CEO Mahesh Iyer

Firm sees itself outperforming sector's 12-15 per cent growth forecast for FY26 after a strong Q4, with gains in Middle East DMS, MICE, and B2C travel segments

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