Page 21 - Indian Companies
Nilekani-backed people+ai unveils Adbhut India, a vision for AI in India
The people+ai initiative focuses on discovering, demonstrating, and disseminating population-scale AI use cases for India
 "Nilekani-backed people+ai unveils Adbhut India, a vision for AI in India")
Strikes and lockouts down 90% in the last decade, show govt data
Person days lost to industrial disputes see a decline
 "Strikes and lockouts down 90% in the last decade, show govt data")
Air India Express withdraws termination of 25 cabin crew members
The airline, which cancelled 85 flights on Thursday, is receiving help from its parent company, Air India, which is operating flights on 20 of its routes
 "Air India Express withdraws termination of 25 cabin crew members")
Indian Overseas Bank Q4 results: Net profit rises 24% to Rs 808 crore
The operating expenses of IOB increased in the quarter under review to Rs 3,281.38 crore, compared to Rs 1,826.58 crore, owing to higher employee-related expenses
 "Indian Overseas Bank Q4 results: Net profit rises 24% to Rs 808 crore")
Paytm founder's Pai Platforms testing ride-hailing services on ONDC
For instance, other platforms, such as Yaary, a group representing Hyderabad's auto rickshaw and taxi drivers, launched their ride-hailing service on ONDC in December last year
 "Paytm founder's Pai Platforms testing ride-hailing services on ONDC")
Venturi Partners purchases stake of $27 million in K12 Techno Services
K12 Techno is a platform operating in the private education sector in India
 "Venturi Partners purchases stake of $27 million in K12 Techno Services")
Base effect: Fuelled by LIC, life insurers clock 61% NBP in April
LIC's premium rose by 113 per cent to touch Rs 12,383.64 crore, while private life insurance companies reported 16.58 growth to Rs 7875.22 crore
 "Base effect: Fuelled by LIC, life insurers clock 61% NBP in April")
India leads first Asia high-yield dollar bond sales rise in five years
Regional sales of such corporate notes, outside of Japan, touched $5.6 billion so far this year, already surpassing $4.4 billion in all of 2023, according to Bloomberg-compiled data
 "India leads first Asia high-yield dollar bond sales rise in five years")
JSW Energy Q4 results: PAT rises 29%, Rs 2 per share dividend declared
The company said, total net generation for the quarter was up 26 per cent to 6.4 billion units and net debt as on March, was at Rs 26,636 crore
 "JSW Energy Q4 results: PAT rises 29%, Rs 2 per share dividend declared")
Berkshire's record run
Many Indian companies fit its mould
 "Berkshire's record run")
IGL Q4 results: Net profit rises 16% to Rs 382.8 crore, revenue falls 2.25%
Total gas sale volumes rose 4 per cent to 3,084.5 million standard cubic metres
 "IGL Q4 results: Net profit rises 16% to Rs 382.8 crore, revenue falls 2.25%")
Q4 Results 2024: Happiest Minds Tech profit rises 25% to Rs 72 crore
IT firm Happiest Minds Technologies has reported a 24.83 per cent increase in consolidated net profit at Rs 71.98 crore for the quarter ended March 2024. The company clocked a profit of Rs 57.66 crore in the year-ago period, according to a regulatory filing on Monday. Revenue from operations for the reporting quarter stood at Rs 417.29 crore, as against Rs 377.98 crore in Q4FY23, translating into a 10.4 per cent rise. Annual profits saw a 7.53 per cent rise to Rs 248.39 per cent, as compared to the previous fiscal's Rs 230.99 crore. Revenue for financial year 2023-24 was at Rs 1,624.66 crore, a 13.66 per cent climb over Rs 1429.29 crore reported in fiscal 2022-23. The company recommended a final dividend of Rs 3.25 per equity share of Rs 2 each for the financial year ended March 31, 2024, which is subject to the approval of shareholders at the 13th Annual General Meeting (AGM) of the company, to be held on June 28, 2024.
 "Q4 Results 2024: Happiest Minds Tech profit rises 25% to Rs 72 crore")
ICAI says action against EY India affiliates under its statutory powers
The body added that the procedure for enquiring and levying penalties is governed by statutory rules framed by the Centre
 "ICAI says action against EY India affiliates under its statutory powers")
Titan Q4 results: Net profit falls short of estimates, rises 5.6%
The jewellery major's profit before interest, depreciation and tax grew 12.2 per cent to Rs 1350 crore in the quarter ended March
 "Titan Q4 results: Net profit falls short of estimates, rises 5.6%")
Slipping profits in Q4FY24 due to inventory loss, says Indian Oil
IOCL said crude throughput for Q4 reached record levels of 73,308 MMT in FY24
 "Slipping profits in Q4FY24 due to inventory loss, says Indian Oil")
Cigniti Technologies acquisition will be game changer: Coforge CEO
The company has set a target of training 40 per cent of its workforce in GenAI skills in FY25
 "Cigniti Technologies acquisition will be game changer: Coforge CEO")
Shriram Group in talks with partners for wealth management biz foray
Shriram Finance expects vehicle sales growth to be in single digits during the current financial year, owing to a dip during the election season
 "Shriram Group in talks with partners for wealth management biz foray")
Domestic sales of 4 major two-wheeler manufacturers zoom in April
Hero MotoCorp, Honda Motorcycle & Scooter India, TVS Motor, and Bajaj Auto collectively dominate approximately 80 per cent of the total two-wheeler market in the country
 "Domestic sales of 4 major two-wheeler manufacturers zoom in April")
Godrej split: Experts weigh on amicable settlement impact on stock prices
Say stock prices will react positively as key overhang removed
 "Godrej split: Experts weigh on amicable settlement impact on stock prices")
Anthill Ventures seeks to raise $100 mn for private credit cross-fund
The $1.7 trillion global private credit market has become a serious rival to mainstream lending, attracting investors by offering higher rates of returns
 "Anthill Ventures seeks to raise $100 mn for private credit cross-fund")
