Page 21 - Indian Companies

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

Berkshire's record run

Many Indian companies fit its mould

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

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.

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

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

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