Page 30 - Indian Companies

SIAC cites lack of jurisdiction, rejects Sony's plea against Zee Ent

The Singapore arbitration panel cites lack of jurisdiction for rejection

Key shareholders of Byju's call for EGM, want CEO Raveendran to quit

The current board of Byju's parent Think and Learn mainly consists of Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran

Aditya Birla Capital Q3 results: Consolidated net up 39% at Rs 736 crore

The company's consolidated revenue grew by 29 per cent Y-o-Y to Rs 9,997 crore, up from Rs 7,743 crore in the quarter ended December 2022

JSW Paints sees business revenue at Rs 2,200 crore by end of FY24

The company has already broken even at an operating level during the year, and its earnings before interest, tax, depreciation, and amortisation (EBIDTA) margins are expected to be in single digits

L&T Q3 results: Net profit up 15.4% at Rs 2,947 cr on robust order inflows

Company expects to end FY24 at 20% growth in orders

Adani Total Gas Q3FY24 results: Net profit rises 18% to Rs 176.64 crore

Gas sale volume for Q3 FY24, the company said, was up 21 per cent Y-o-Y to 224 million metric standard cubic meters (MMSCM), while the cost of natural gas dipped 4 per cent Y-o-Y

India's M&A thrives: Sustains growth amid global economic slowdown

Mid-market acquirers shine, capturing almost 50% of deals in 2023, says Bain & Company's global M&A report

Desi single malts raise the bar, pour stiff challenge to foreign peers

India's optimal weather conditions serve as a catalyst, imparting a distinctive flavour profile

CIEL Group plans IPO by Q3FY25, aims to raise nearly Rs 500 crore

CIEL continued to focus on its HRTech and Consulting lines of business; as a result, the group contribution of these segments in the overall portfolio has increased to 41 per cent

Jubilant Pharma to sell stake in Sofie Biosciences for $139.43 million

Jubilant Pharma had invested $25 million in Sofie Biosciences in November 2020 and now plans to exit its investment completely

Zee: DIIs and unitholders' interests

Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock

Games24x7's Bhavin Pandya hopes 2024 will be a promising year for industry

Bhavin Pandya hopes this year will offer clarity around regulations on which games are allowed and which aren't

The power of neeyat in enterprise

Neeyat is not a new management jargon to replace vision and mission, nor is it an attempt to nativise an Anglo-American concept in Bhartiya hues, but it is relevant for all businesses, big or small

How spend, spend is giving state-owned companies diminishing returns

The private sector has been going slow in adding fixed assets but squeezing out more

Cipla board rejig: Samina Hamied to step down from executive role

Balram Bhargava appointed as independent director on board

Ola's mobility business made profit in FY23: Goal to serve 1 bn Indians

Hemant Bakshi, a former top Unilever executive, to lead Ola Mobility as CEO, with an aggressive growth focus

JSW Steel Q3FY24 results: Net profit grew 5x in Q3 on robust demand

Net profit for the quarter beat Bloomberg consensus estimate of Rs 2,170.5 crore. But it trailed revenue estimates of Rs 42,774.5 crore

We expect losses in the UK to be lower: Tata Steel CEO & MD T V Narendran

UK, is more of a structural problem and that's why we're doing the restructuring. But we expect the losses to be lower going forward as we start shutting down the blast furnaces

AU Small Finance Bank Q3 results: Net profit down 4% at Rs 375 crore

Margins under pressure; provisions rise sharply

Mukund Rao joins engineering services firm Xoriant as prez, global markets

Prior to joining Xoriant, he was the Chief Business Officer of Banking, Financial Services at LTIMindtree