Page 12 - Indian Companies

Apollo Hospitals Q1 FY25 results: Net profit rises 83% to Rs 305 crore

During the period under review, the company's revenue grew by 15 per cent to Rs 5,086 crore, compared to Rs 4,418 crore during the same quarter last fiscal

Fischer Medical Ventures to launch locally made affordable CT scan machines

Fischer Medical Ventures is actively looking to expand its portfolio through acquisitions and investments in high-tech medical imaging and technology solutions

Revenue for Indian API companies to grow at 7-8% CAGR by 2029: ICRA

The industry is also expected to see a mild improvement in operating profit margins (OPM) to 12 to 14 per cent in financial year 2025 (FY25), from the estimated 11 to 13 per cent in FY24

Honasa Consumer expects Rs 1,000 cr ARR from The Derma Co in next 3-5 years

Honasa Consumer expects its skin care brand The Derma Co to reach an annual revenue run rate of Rs 1,000 crore in next three to five years, according to the FMCG maker's latest annual report. Besides, the company also expects its other skin care brand Aqualogica and hair care brand Dr. Sheth's to enter the Rs 500-crore ARR (annual revenue run-rate) club and BBLUNT to reach Rs 250 crore ARR by then. Its flagship brand Mamaearth, which plays across face, hair, and body segment, has already become the fastest-growing BPC (Beauty and Personal Care) brand to reach an annual revenue of Rs 1,000 crore and became the sixth-largest multi-category brand. "The other brands in our 'House of Brands' portfolio hold enormous potential as well. In the next three to five years, we expect The Derma Co to enter the Rs 1,000-crore ARR club, Aqualogica and Dr. Sheth's to enter the Rs 500-crore ARR club, and BBLUNT to enter the Rs 250-crore ARR club," said its founders Ghazal and Varun Alagh addressing

'Something big soon India': Hindenburg Research eyes new target after Adani

Hindenburg has targeted several well-known companies, including Adani Group, Nikola, Clover Health, Block Inc, Kandi, and Lordstown Motors

Bank of Baroda, Canara Bank, and UCO Bank hike MCLR by 5 basis points

UCO Bank reduces T-bill benchmark linked rates

Merck Life Science partners with Aragen to boost biotech R&D in India

Merck Life Science will supply equipment and technologies to Aragen, facilitating a more efficient clinical-to-commercial process timeline

At 18% export growth rate, India may touch $1 trn goal by 2028-29: PwC

In the "Conservative" case, if exports grow at the rate of 10 per cent, India would have to wait until 2032-33 to meet the target of $1 trillion in exports

No back-door entry for defaulting promoters: FM Nirmala Sitharaman

Statement comes in response to concerns over haircuts in insolvency cases

Improving outlook may drive further gains in Godrej Consumer Products

GCPL has delivered industry-leading volume growth in India and it may record double-digit earnings growth over FY24-26

E-commerce adoption surges in Bharat; tier 4+ users lead as repeat shoppers

With about 80 per cent of its 15 crore annual transacting customers coming from tier 2, 3 and 4 and beyond towns, Meesho has been instrumental in bringing new-to-e-commerce users online

Indian companies dismiss global worries to push ahead with IPO listings

The pipeline underscores investor exuberance in India despite turbulence in global equity markets

NatWest Group expands its footprint in Bengaluru with 370k sq ft office

NatWest believes that the location will serve as a hub for pioneering technology solutions and cutting-edge developments

Revenue a second order effect over customer experience: Ixigo CEO

Online travel aggregator sets sights on doubling flight segment share and outpacing market growth

Godrej Consumer Products to enter into pet care business in India

The maker of Good Knight said it will invest Rs 500 crore in its pet care business over a period of five years

TVS SCS wins 3-year contract from manufacturing firm JCB for Vadodara unit

JCB has been one of TVS SCS's first few clients for more than two decades, with TVS SCS offering aftermarket warehouse services in Bhaproda, Haryana, for parts distribution

Competitors unfazed by Flipkart's 10-minute delivery service foray

Execs at rival players say they'll be concerned only after the e-commerce giant succeeds in this space

Power Finance Corp board did not discuss Shapoorji Pallonji Group loan

Board had sanctioned a loan of Rs 20,000 crore to the SP Group in June

Burmese cuisine restaurant chain raises another $2 mn in equity investment

Earlier in November 2022, the restaurant chain had raised $2 million in a seed round led by Negen Capital

Jharkhand govt to decide soon on land parcels lying unused: Minister

The Jharkhand government will soon decide on large chunks of unused land parcels which are in possession of big companies, the assembly was informed on Friday. The state wants that these resources should be returned to their original owners, state minister Deepak Birua said in the assembly. "Large chunks of land parcels were lying unused by big companies. The government is serious about the issue and we will soon take a decision in this regard," he replied to a query. Chief Minister Hemant Soren has already expressed willingness to set up a commission to resolve the issue of unused land. Earlier, Congress MLA Pradip Yadav raised the issue in the House and said the Centre's Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 provisions that if land, acquired by any company, is not utilised for five years, then it should be returned to the original owner or should go to land bank. "But here, land parcels acquired from original .