Page 31 - Indian Companies

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

Syngene International Q3 results: Profit after tax up 4%; revenue rises 9%

About a week ago, Syngene International's share price declined by 3 per cent following UBS Global Research stock downgrade to sell

One year of Hindenburg: Adani group up, recouping market cap losses

The Securities and Exchange Board of India (Sebi) continues to investigate allegations made by Hindenburg against the group. It has concluded 22 of the 24 investigations

Outlook healthy for UltraTech amidst higher competition, revenue grows 8%

The management estimates that capacity utilisation will improve to 80-85 per cent in Q4 from 77 per cent in Q3. Demand has recovered, except in the North

Fintech unicorn InCred Finance doubles profit to Rs 298 crore in 9MFY24

InCred Finance, a non-banking financial company (NBFC), said its loan portfolio is spread across segments such as consumer loans, education loans, and small and medium enterprise (SME) lending

SoftBank entity sells 2% stake worth Rs 950 crore in Paytm parent

After selling a 2 per cent stake in the fintech company, SoftBank's total shareholding has come down to 5.06 per cent. The company held a 13.24 per cent stake in February 2023

L&T Finance Holdings Q3 results: Net profit up 41% at Rs 640 crore

Its credit costs declined to 2.52 per cent from 2.67 per cent a year ago

REC net profit rises 13% in Dec quarter on improved asset quality

The net income of the company stood at Rs 4,350 crore in Q3 FY24 as against Rs 3,573 crore in Q3 FY23, registering a jump of 21 per cent

Puravankara net profit rises 266% to Rs 78 crore in third quarter

Puravankara declared its earnings after market hours on Tuesday. Ahead of the earnings, its shares were down 6 per cent to close at Rs 220.90 on the Bombay Stock Exchange (BSE)