Page 34 - Indian Companies

Reliance Beauty buys Sephora India rights from Arvind Fashions for Rs 99 cr

The buyout gives Reliance Retail Ventures exclusive rights to build and enhance Sephora's presence in India across channels

Adani Enterprises Q2FY24 results: Profit after tax halves to Rs 228 crore

For Q2FY24, Adani Enterprises reported a PAT of Rs 228 crore, 50 per cent lower from a year ago

Indian firms cannot prevent almost half of cyber attacks, says Report

Indian organisations are incapable of preventing almost half of cyber attacks as 64 per cent of cybersecurity teams are too busy fighting critical incidents to take a proactive stance, claims a report. As many as 78 per cent of Indian respondents believe their organisations could better defend against cyber attacks with more resources dedicated to preventive cybersecurity, but seven in 10 (71 per cent) organisations say their IT teams are more concerned with uptime than patching and remediation, the report by Columbia-based cybersecurity company Tenable said. The disparity results in a lack of coordination between the two teams, a challenge acknowledged by 43 per cent of Indian organisations, the report based on an online study of 825 IT and cybersecurity professionals, of which 69 were Indians, conducted in 2023 stated. Eight in 10 respondents (81 per cent) said their organisations use a third-party programme for SaaS apps and services. However, only over half (54 per cent) have ..

KFin Technologies launches compliance management platform Guardian

As per the financial services platform, Guardian will indentify unusual trends by monitoring overall trading patterns

Challenge is going to be resource management without doubt: Shankar Raman

Raman discusses the West Asia market, India's order prospect and L&T's new businesses

Indian cos may give 9.8% salary raise in 2024: Willis Tower Watson report

Companies in India are expected to give a salary raise of 9.8 per cent in 2024, slightly lower than the actual salary increase of 10 per cent in 2023, as companies across industries are still closely monitoring their cost structures, says a survey. According to Willis Tower Watson's latest 'Salary Budget Planning India Report', the median salary increase in India is forecast to rise by 9.8 per cent in 2024, close to the actual salary increase of 10 per cent in 2023. The survey was conducted in April and May 2023. Approximately 32,512 sets of responses were received from companies across 150 countries worldwide. The survey had 708 participants from India. In Asia Pacific, 7,372 organisations from 22 markets responded. Being an emerging market, salary increases in India continue to be the highest across Asia Pacific (APAC). The 2024 salary increase for Vietnam is projected at 8 per cent, followed by China at 6 per cent, Philippines at 5.7 per cent and Thailand at 5 per cent. "Compani

Tata Consumer Q2 results: Net profit falls 6.55% to stand at Rs 363.92 cr

Tata Consumer Products Ltd (TCPL) on Tuesday reported a decline of 6.55 per cent in its consolidated net profit to Rs 363.92 crore in the September quarter on the back of a strong growth in its domestic business. The company had posted a net profit of Rs 389.43 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL, earlier known as Tata Global Beverages Ltd. Its revenue from operations rose 11.02 per cent to Rs 3,733.78 crore during the quarter under review as against Rs 3,363.05 crore in the year-ago period. Total expenses of the Tata Group FMCG arm stood at Rs 3,318.18 crore, up 9.8 per cent in the September quarter. TCPL's total income in the September quarter increased 12.71 per cent to Rs 3,823.61 crore. Shares of Tata Consumer Products Ltd on Tuesday settled at Rs 900.60 apiece on BSE, up 0.81 per cent from the previous close.

L&T Q2FY24 consolidated net profit tops 44%; offshore revenue shines

It sees no major impact of Israel-Hamas war on West Asia projects

MCA enforces provision for foreign listing of Indian public companies

A public company, according to the Companies Act, is a company which, unlike a private company, does not restrict the transfer of shares

India Inc sees no long-term impact of Israel-Hamas war: BS CEO survey

If the war in the Israel-Gaza region escalates into a larger West Asian conflict, it could pose problems

Waaree Renewable Technologies Q2 net profit rises 124.18% to Rs 18.29 cr

Waaree Renewable Technologies posted over 124.18 per cent rise in consolidated net profit to Rs 18.29 crore in the September quarter on the back of higher revenues. The consolidated net profit of the company stood at Rs 8.16 crore in the year-ago period, the company said in a statement on Thursday. Revenue from operations increased to Rs 150.06 crore in the second quarter of the ongoing fiscal from Rs 120.56 crore in the same period a year ago. The unexecuted order book stands at 897 MW as of September 30, it said. "Our strong financial footing, characterised by a healthy balance sheet, net cash reserves, and a disciplined working capital cycle, empowers us to execute profitable projects with higher returns," Waaree Renewable Technologies CFO Dilip Panjwani said in the statement.

Honasa Consumer IPO to open on Oct 31; sets price band at Rs 308-324/share

The company said it is on the cusp of an increase in profitability trajectory with business model efficiency and operating leverage setting in

Tech Mahindra Q2FY24 result: Net profit down 61.6%, revenue drops 2%

This is the biggest fall in net profits over a decade, as the company braced for budget tightening by clients

PayMate India achieves TPV of Rs 84,519 cr, 8 fold increase in FY23 profit

"During the last financial year, we focused on operational efficiency and driving growth," said Ajay Adiseshan, founder and CEO of PayMate

India Inc turns more diverse for positions higher up the ladder: EY India

Women account for 23% of permanent employees; differently abled make up less than 1%

From Adani to Torrent, India Inc taps overseas funds for local M&As

Adani, Hinduja, Torrent raise funds for acquisitions

JSW Steel well placed to participate in India growth story: Jt MD & CEO

JSW CEO & MD Jayant Acharya, says India's growth story is playing out and the company may reach its goal of 50 million tonnes (mt) capacity ahead of the timeline

India Inc's capital expenditure to get lift from high capacity usage

The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices

How wonderful SHE can be

Azim Premji transformed himself from being a businessman into a philanthropist

VerSe's revenue grew by 57% to Rs 1,809 cr; burn reduced by 34% in FY23

Its content platform Dailyhunt clocked a revenue of over Rs 1,200 crore and was Ebitda positive in FY23, with the financial year exiting at 10 per cent Ebitda