Page 21 - Indian Companies

For India Inc POSH complaints have grown faster than their resolution

Even before the POSH Act came into effect, a few companies were reporting the number of complaints of sexual harassment they had received through the year

Recharge zones to cool clothing: Indian companies' summer strategies

Several firms are stepping up to help their workforce cope with soaring temperatures

Mankind Pharma Q4 results: Net profit up by 62%, revenue rises by 18.9%

Mankind's revenue from operations rose to Rs 2,441 crore in Q4 FY24, an 18.9 per cent Y-o-Y rise from Rs 2,052 crore reported in Q4 FY23

Coal India, NMDC, ONGC to scout for critical mineral assets abroad

A Mines Ministry delegation is scheduled for Zambia in June. India is exploring joint exploration with Zambia for critical minerals, including lithium. A separate delegation will head to Congo

Veira to invest Rs 450 cr on new unit to increase production capacity

Consumer electronics and appliances maker Veira on Monday said it will invest Rs 450 crore to set up a new manufacturing unit at Greater Noida to enhance capacity for air coolers and washing machines. This investment will result in increasing existing production capacity from 1 lakh to 5 lakh units of washing machines and air coolers annually, Veira said in a statement. "This expansion marks our commitment to serving both domestic and international markets," Veira Director Ankit Maini said, adding that the company anticipates these product segments to contribute 15 per cent to its revenue by the end of FY25. The company, a contract manufacturer, said it already manufactures air coolers for 23 Indian and global brands. Similarly, it manufactures washing machines for 25 such brands. At present, the company said it has two facilities at Noida's Sector 81 and 85, covering a combined area of 5 lakh square feet.

Want proposed acquirers to be more responsible to Religare: Rashmi Saluja

Religare shares sluggish as open offer is delayed

Tata Power to sell green energy to group companies, MNCs: Praveer Sinha

Says they will offer carbon credit on their green power sale to companies that require it

Anarock FY24 revenue surges 36% to Rs 566 crore on higher earnings

Real estate consultant Anarock Group has posted a 36 per cent increase in its revenue to Rs 566 crore in the last fiscal, helped by better earnings from housing brokerage and other services. During 2022-23, the company posted a revenue of Rs 416 crore. Homegrown Anarock was established by Anuj Puri in April 2017 after serving as country head for 10 years in an international property consultancy firm. In an interview with PTI, Anarock Chairman Puri said, "Real estate markets, particularly residential, across cities, are doing well with sales and launches at a 15-year high." Inherently, he said, this is being driven by a younger working population wanting to buy their first home rather than rent it. "...we are benefiting from this phenomenal growth in housing sales, having established our tech and digital platform," Puri said. All major business verticals contributed to the revenue growth last fiscal, he said. These include housing brokerage, retail, land, capital markets, strateg

Pluckk closes FY24 with a significant milestone, clocks AAR of Rs 100 crore

Pluckk is connecting farmers to half a million homes and delivering over 2 million products every month, said CFO Nelson D'Souza

Port Talbot restructuring: Wales' First Minister meets Tata Steel top brass

On Thursday, members of the steelworkers' union, Community in the UK, voted in favour of an industrial action over Tata Steel's restructuring plans

Cipla Q4 results: Net profit soars 79% on strong India and US business

Eyes further market expansion and partnerships in FY25

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

Strikes and lockouts down 90% in the last decade, show govt data

Person days lost to industrial disputes see a decline

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

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

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

Venturi Partners purchases stake of $27 million in K12 Techno Services

K12 Techno is a platform operating in the private education sector in India

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

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

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