Page 6 - Indian Companies

Canara Bank classifies RCom and its subsidiary as 'fraud' accounts

The accounts were reported as "fraud" by the lender to the Reserve Bank of India (RBI) on September 18

Galaxy Health aims to be a major health insurance player in 2-3 years: CEO

In March, Galaxy Health received approval from the insurance regulator to start a health insurance business in India, taking the total number of standalone health insurers in the country to seven

Jewellery brand Giva's revenue rises 66% in FY24, to Rs 273.6 crore

The cost of procurement of metals increased by over 53 per cent to Rs 115 crore in FY24

Anil Ambani's RPower gets SECI showcause over 'fake bank documents'

Agency may weigh criminal proceedings against Anil Ambani-owned firm

India among top 5 growth markets for IHG: Haitham Mattar, Sudeep Jain

Currently, IHG has 46 hotels in India and 58 are in the pipeline. Globally, it has over 6,300 open hotels in over 100 countries, and more than 2,000 are in the development pipeline

Mamaearth parent Honasa Consumer slips into red in Q2, revenue down 7%

The decline was attributed to the company's ongoing transition to a D2C model under "Project Neev", which has necessitated an inventory correction of Rs 63 crore

Quick commerce platforms flouting FDI norms, competition law, alleges CAIT

The traders' body issued a white paper, claiming unfair business practices are putting nearly a quarter of 3 crore kirana retailers out of business

EIH unveils expansion plan with 20 properties, including a Nile cruiser

The company also outlined a robust expansion plan, with a pipeline of 20 properties to be completed by 2029. This includes 17 hotels, two luxury boats, and a Nile cruiser

Sun TV Network Q2 results: Net profit drops 12% to Rs 409.1 crore

The profit before interest, depreciation, and taxes (PBIDT) of the company declined by 15.1 per cent to Rs 713.1 crore on a Y-o-Y basis for the July-September quarter

Nexus Select Trust Q2FY25 results: Net operating income rises 5%

The REIT also declared a distribution of Rs 304.1 crore, or Rs 2.01 per unit, to its unitholders

RIL to invest Rs 65,000 crore in 500 CBG plants in Andhra Pradesh

Foundation for this maiden biofuel project will be laid on Dec 28, says State minister

Sunteck Realty Q2FY25 results: Pre-sales grow 32% to Rs 524 crore

The company's revenue from the quarter's operations also grew sixfold to Rs 169.04 crore

Rural FMCG basket expands on hybrid media usage, rising digital engagement

Digital platforms are playing an increasingly vital role in reaching and engaging consumers. From payments and e-commerce to gaming and lifestyle content, the digital landscape is expanding rapidly

No plan to bring clawback clause, says LIC MD & CEO Siddhartha Mohanty

LIC launched 32 products on October 1, 2024, as per the revised norms, and currently, the corporation has 35 products

Bank of India Q2FY25 results: Net profit rises 63% to Rs 2,374 crore

NIMs guidance of 2.9 per cent by March 2025

TVS Supply Chain Solutions posts Rs 10.6 crore PAT in September quarter

Ravi Viswanathan, managing director, TVS SCS, said that the Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit amid ongoing macroeconomic challenges

Swiggy expands leadership team with 2 senior appointments to enhance ops

Both appointments are part of Swiggy's continued focus on scaling its operations, enhancing service delivery, and supporting its growth in both food delivery and quick commerce

Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.5%

The firm's consolidated loss narrowed to Rs 495 crore compared with Rs 524 crore in last quarter

Vedanta Q2 net profit at Rs 4,352 crore; demerger completion by March-end

Company met Street expectations, expects to complete demerger process by March-end

SC restores DRI's key powers; Rs 20K cr Customs duty recovery back on track

Setback for Vedanta, Vi, Adani Enterprises, Canon, and 104 others