Page 8 - Companies

Zomato, Swiggy face CCI probe over allegations of favouring big chains

The CCI found that Zomato signed 'exclusivity contracts' for lower commissions, while Swiggy promised business growth to restaurants listing exclusively on its platform

SECI bars Reliance Power for three years over fake tender document

Submission of fake bank documents reason for debarment, says SECI

JK Lakshmi Cement reports loss of Rs 19.24 cr in Q2, revenue down 2.2%

JK Lakshmi Cement has reported a consolidated net loss of Rs 19.24 crore for the second quarter ended September 30, 2024 on account of drop in sales realisation. The company had posted a profit of Rs 95.87 crore in the July-September period a year ago, according to a regulatory filing from JK Lakshmi Cement Ltd (JKCL), a flagship company of JK Organization. Its revenue from operations was down 2.16 per cent at Rs 1,234.29 crore in the September quarter. It was at Rs 1,574.53 crore in the year-ago period. Total expenses of JKCL were at Rs 1,263.01 crore, down 1.27 per cent in the September quarter of FY25. JKCL's total income, which includes other income, was also down 2.17 per cent to Rs 1,242.67 crore. During the quarter, JKCL's sales volume declined 1.40 per cent to 18.66 lakh tonnes. "The profitability of the company for the quarter has been impacted due to a sharp drop in sales realisation in our primary markets," Chairperson & Managing Director Vinita Singhania said. The ..

India fastest growing market and will be the largest market for SAP: CEO

SAP operates in 130 countries, with India demonstrating the highest growth rate among its top ten markets

Biz fundamentals rekindling investor confidence in edtech: Eruditus CEO

The company has seen 40 per cent growth in university partnerships over the past four years and doubled its enterprise business in the last two years

Apple's China sales dip slightly amid competition, AI rollout faces delays

Apple's China sales dropped by nearly 1 per cent in the last quarter, highlighting continued challenges as local competitors gain ground and regulatory delays slow the launch of its AI features in the

After 10-minute deliveries, quick commerce firms test flash return services

Just last week, Blinkit rolled out 10-minute returns and exchanges for clothing and footwear in select cities, while Swiggy Instamart and Zepto are reportedly exploring similar features to keep up

Adani Enterprises Q2FY25 results: Profit zooms 664% to Rs 1,742 cr

Expenses grew by eight per cent to Rs 20,787.29 crore from a year ago, with finance costs dipping 32 per cent to Rs 909.83 crore from a year ago

Air India suspends 10 crew members amid protest over revised layover policy

Ahead of its scheduled merger with Vistara in November, Air India introduced a new layover policy for cabin crew requiring some to share rooms during layovers, effective December 1

JSW Energy outbids Adani Power for KSK Mahanadi with Rs 15,985 crore offer

JSW Energy leads KSK Mahanadi auction with a Rs 15,985 crore bid, outbidding Adani Power by Rs 100 crore; the two-day auction saw intense bidding among six major players

Essar Group appoints Manu Kapoor to lead global public policy strategy

Manu Kapoor is an established leader with a successful career managing corporate reputation and brands across the Middle East, Africa, Central Asia, Eastern Europe, and Asia

SpiceJet resolves $4.5 mn dispute with Shannon Engine support for $2 mn

SpiceJet's series of settlements follows its successful Rs 3,000 crore fundraise in September through a Qualified Institutional Placement

AI compute capabilities to be available by June 2025: MeitY additional secy

The empanelled agencies include sites and firms such as data centres, startups, and cloud service providers

Delhi techie snags JioHotstar domain, asks Reliance to fund Cambridge dream

The Delhi techie attached a personal request to the webpage, asking Reliance Industries to fund his Cambridge University dream in exchange for the domain

Confident Paytm will solve 'concentration risk' in UPI ecosystem: CEO

One97 Communications announces consolidated profit of Rs 928.3 crore in Q2

Naveen Jindal group to invest Rs 2,160 crore to scale up cement production

Company will set up grinding unit in Odisha's Angul to help plans for expansion

Major shakeup at Disney: New chair named, CEO replacement coming soon

Disney is navigating major changes in entertainment as streaming, led by Disney+ turning profitable, thrives, while the movie industry faces a downturn

Poonawalla's bold script: 50% stake buy in Dharma for Rs 1,000 crore

Karan Johar to retain remaining 50% ownership

PhonePe brings down losses to Rs 1,996 crore in FY24, revenues up 85%

About 10 per cent of company's revenue comes from government subsidies on digital payments

Hindustan Zinc Q2FY25 results: Net profit up 34.6% at Rs 2,327 crore

Management says demerger still under discussion, no timeline