Page 35 - Indian Companies

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

Problem of plenty for Indian companies as cash pile keeps growing

New investments haven't kept pace with money flowing in from operations

Fundraising through QIPs surges; 20 companies raise Rs 18,400 cr in H1FY24

Fundraising through the issuance of shares to qualified institutional investors has seen hectic activity in the first half of the current fiscal year (FY24), with 20 companies mobilising over Rs 18,400 crore, more than four-fold from the year-ago period, on positive investors' sentiments. Moreover, the robust trend of Qualified Institutional Placements (QIPs) in the first half of the fiscal year 2023-24 is expected to persist throughout the second half of the year too, Sanjay Moorjani, Research Analyst at SAMCO Securities, told PTI. Prashant Rao, Director and Head of Equity Capital Markets, Anand Rathi Investment Banking, said that market and investor sentiments play an important role for these issuances. Till the time market sentiments are positive and investors are earning returns, listed companies would prefer to raise funds through QIP which allows them to have faster access to funds. "We believe the second half of this year also to be positive for QIP issuances," he ...

Only 9 out of 100 surveyed company websites seek clear consent: PwC report

Only 2 out of the 100 analysed websites provided consent in multiple regional languages

Goodluck India to expand Defence & Aerospace wing by raising Rs 96 crore

Goodluck Defence and Aerospace Private Ltd will manufacture machinery for the defence and aerospace industry

Over 400 Indian companies have invested in Vietnam: Envoy highlights ties

He mentioned that both countries have collaborated in various areas, including trade, defence, and strategic cooperation

The firms of middle India

Create conditions for companies to stay in and fight

Emission reporting phase of EU's carbon tax regime starts from October 1

Indian firms must share emission data in the format prescribed by the EU with the declarant much before this date