Page 31 - Indian Companies

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)

Meity may seek Cabinet approval for Rs 10,000 cr India AI programme

Speaking about the centre, Minister Chandrasekhar said that partnerships with companies like Synopsys are the building blocks of India's ambitions in semiconductors

Udaan announces senior-level changes; Group CFO Aditya Pande resigns

udaan, an e-B2B (business-to-business) platform, on Monday announced senior-level organisational changes under which Group Finance Controller Kiran Thadimarri has been elevated to executive management team with additional responsibility of treasury, corporate finance and corporate audit. The company informed that Aditya Pande has decided to pursue opportunities outside of udaan, after a successful stint of over three years as Group CFO. Also, Vishnu Menon, Head of Corporate Strategy and investor relations, will take on the additional responsibility of business finance, as part of the organisational changes. The two executives -- Menon and Thadimarri -- will work towards further strengthening the financial and governance practices at udaan with the objective of enabling the company to achieve operational profitability and public market readiness in the next 12-18 months, according to a company release. Announcing the organisational changes, udaan said these are in line with the ...

Zee Entertainment shares fall 5% on reports of Sony merger deal collapse

Sony Group of Japan had said it is continuing talks until 20 January on the deal to merge its Indian subsidiary with Zee Entertainment Enterprises that would create a $10 billion entity

Paytm trims losses to Rs 221.7 crore, revenue from operations zooms 38%

Paytm's expenses have increased 9.5 per cent Q-o-Q to Rs 3,216.3 crore in Q3FY24 from Rs 2,936.7 crore in Q2FY24. On a Y-o-Y basis, expenses rose 27.5 per cent from Rs 2,522.3 crore

UltraTech Cement Q3 results: Net profit surges 68% on lower fuel costs

Lower costs help profits, despite weak growth in volumes

Reliance Retail Q3 results: Net profit surges 32% to Rs 3,165 crore

Reliance Retail continued to expand and added 252 new stores in the quarter and also saw its footfalls cross 282 million across formats

HUL Q3 results: Profit up marginally at Rs 2,519 cr amid low rural demand

The company's quarterly sales of products slipped marginally to 14,928 crore rupees, with underlying sales growth in its home care business

Aim to power 250 million smart meters in India: Airtel Business CEO

Airtel is leveraging NB-IoT tech and a suite of offerings, he says

Highest ever tally: Over 141K firms incorporated in FY24 so far, shows data

Official sources said that this was indicative of increased economic activity in the country

Insurtech startup Bharatsure raises $1 million led by VC fund Capital-A

The company had previously raised $1.2 million in February 2022 which saw the participation of its existing investors

The pandemic impact: PepsiCo India lines up offerings for expansion

Earlier this month, the fast-moving consumer goods (FMCG) major launched three variants under its Quaker Oats brand

Will have 1 mn startups in the next 10 years: MoS IT Rajeev Chandrasekhar

Chandrasekhar along with other senior ministers from the government were marking and celebrating National Startup Day