Page 7 - Growth

Zoho Corporation's business operating system grows 150% in last two years

License upgrades by customers who adopted Zoho One five years ago have increased 92 per cent, contributing to this growth.

NTPC clocks 15.1% growth at 203.5 bn units in power generation in Apr-Sep

State-run power giant NTPC said it has logged 15.1 per growth in power generation at 203.5 billion units (BU) during April-September 2022. The high generation growth indicates improved performance and an increase in demand for power in the current year, it added. "NTPC group companies recorded a generation of 203.5 BU from April to September 2022, registering an increase of 15.1% from 176.8 BU generated in April to September 2021," the company said in a statement. NTPC Rihand (3,000 MW) in Uttar Pradesh was the top performing thermal power plant with 90.22 per cent Plant Load Factor (PLF or capacity utilisation) between April to September 2022. Overall PLF of NTPC coal stations stood at 76.3 per cent in the period under review. The total installed capacity of NTPC is 70,234 MW. NTPC is expanding its footprint in new business areas like green hydrogen, waste-to-energy and e-mobility. India's largest power producer is also aiming for a 10 per cent reduction in net energy intensity b

NLP will spur growth, increase India's participation in global trade: PM

Prime Minister Narendra Modi said on Wednesday the Union cabinet's decision on India's logistics policy will accelerate growth and increase the country's participation in global trade. The efforts in the logistics sector will particularly benefit the farmers of the country and the micro, small and medium enterprises (MSME) sector, Modi said in a tweet. "Today's Cabinet decision on a PLI scheme relating to the National programme on High Efficiency Solar PV Modules will enhance manufacturing in the sector and boost investment," the prime minister said in another tweet. The cabinet earlier approved the National Logistics Policy, which aims at reducing the transportation cost and improve the global performance of the sector. Modi last week unveiled the policy, which seeks to cut transportation costs by promoting a seamless movement of goods across the country. The cabinet also approved modifications in the scheme for semiconductors and the display manufacturing ecosystem with a unifor

Air passenger volume likely to double to 400 mn in next 10 years: Scindia

Growth opportunities for airlines are tremendous as passenger volume will double from 200 million currently to 400 million over the next seven to 10 years", said Jyotiraditya Scindia

DLF aims 10% growth in sales bookings to about Rs 8,000 cr in FY23

Realty major DLF Ltd is targeting a 10 per cent growth in its sales bookings to about Rs 8,000 crore this fiscal on better demand for its housing properties

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

PepsiCo's India revenue & volume grew in double-digits in 3 mths to June 11

PepsiCo India has also been gaining market share in India since the start of 2022.

Somany Ceramics aims 27% growth in turnover at Rs 2,700 cr this fiscal

The industry is passing through a "bad phase" due to rise in natural gas prices, a company official said on Wednesday.

Mindtree starts FY23 with strong growth and record order book: CEO

"We are excited to report a strong start to FY23 with robust revenue growth, solid margin, and a record order book, demonstrating our continued industry-leading growth momentum," said Mindtree CEO.

Debt MFs see Rs 92,248-cr outflow in June on uncertain macro environment

Mutual funds focused on investing in fixed-income securities witnessed a heavy outflow in June, driven by expectations around an increasing rate cycle, higher commodity prices and slowdown in growth

Gland Pharma rides high on valuation comfort, strong growth prospects

Target prices post brokerage upgrades point to more upsides

IRFC records 38% growth in profit after tax at Rs 6,090 crore in FY22

Revenue from operations for FY22 grew by 28.71 per cent and stood at Rs 20,298.27 crore this fiscal as against Rs 15,770.22 crore a year ago

Matrimony.com showed good growth, poised to enhance momentum: CMD

The city-based company had registered a 15.6 per cent jump on its consolidated profit after tax for the quarter and 31.44 per cent on PAT for the year ending March 31, 2022.

Coal-based power generation rises 9% in April to 102,529 mn units

Coal-based power generation registered 9.26 per cent rise at 1,02,529 million units (MU) in April as compared to the year-ago period.

Growth to be in range of 7-8.5% given global uncertainties: CEA Nageswaran

The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India

India may see more de-rating if growth expectations reduce: Saion Mukherjee

Rising interest rates will have a negative impact on equity markets, as this is being driven by inflationary pressures, higher deficit and not so much from growth, says Mukherjee

Demand rise and market share gain boost Pidilite's growth

The company posted a 40 per cent YoY growth in revenues at Rs2,626 crore

Next 500 towns to be key growth drivers in the long run: Swiggy

The food aggregator's revenue from adjacent services is expected to be 50% over next 3-4 years from 25% now, says ICICI Securities report based on talks with Swiggy CFO Rahul Bothra

Strong Q1 show, favourable outlook to support Bharat Forge stock

Company's outperformance in Q1 was due to strong exports, margin gains

ITC to invest $2 billion across segments in medium-term, says MD

Super app 'ITC-MAARS' among new growth areas; investment figure does not take into account inorganic opportunities