Page 9 - Indian Companies

L&T Finance Q2FY25 results: Consolidated net up 17% at Rs 696 crore

Warns on persisting headwinds; may calibrate growth; credit costs rise

LTIMindtree Q2FY25 results: Profit up 7.7% on rising deal momentum

The growth driver for the company in terms of geography was the US, which grew 7 per cent Y-o-Y and 2.6 per cent sequentially. Europe was down 1.9 per cent Y-o-Y but grew 2.2 per cent sequentially

Softening rates spur overseas bond issuances of Indian companies

High demand, lower costs drive global fundraising surge

Margin pressure clouds near-term outlook for L&T Technology's stock

Management maintains FY25 guidance of 8-10 per cent revenue growth in CC, which implies a steep growth rate of 4.5-7 per cent growth per quarter in H2FY25

Byju introspects, says Byju's worth zero now, promises a turnaround

Last month, the Supreme Court reserved its verdict on a plea of a US firm against NCLAT order stopping insolvency proceedings against Byju's

Reliance Brands and Mothercare form new joint venture for South Asia

The JV will own Mothercare brand and all its IP assets for India, Nepal, Sri Lanka, Bhutan, and Bangladesh

Festival season, discounts boost Ola Electric's daily average sales

This pricing strategy positions Ola Electric as a formidable contender, making it a tough act to follow in the competitive landscape, said market observers

We should be cautious about how GenAI is used: PhonePe CTO Rahul Chari

The company's worry continues to be the regulatory market cap in the Unified Payments Interface (UPI) payments ecosystem. Market cap is not the right solution, said Rahul Chari

Indians eyeing offshore firms to gain access: JM Financial MD & CEO

Healthcare, pharma, tech to drive M&As in coming quarters

GenAI: Indian companies see productivity boost as key benefit of technology

As many as 56 per cent of them are establishing governance frameworks for the use of GenAI tools and apps

Rupee set to hold ground against greenback till Dec: Business Standard Poll

The Reserve Bank of India's timely intervention has ensured that the depreciation of the currency is gradual

Sudarshan Chemical to acquire Germany's Heubach for Rs 1,180 crore

The Heubach acquisition will help address these challenges with a clear turnaround plan, SCIL said in a release

AM Best upgrades credit ratings of GIC Re's to 'A-' (Excellent)

The outlook for both ratings has been revised to stable. In addition, AM Best has reaffirmed GIC Re's India National Scale Rating (NSR) of aaa.IN (Exceptional) with a stable outlook

Clients prioritise cost efficiency; discretionary deal demand low: TCS CEO

The IT services major's Q2 performance was in line with the trends observed in Q1, with robust growth in regional markets partially offset by an underwhelming showing in the US and Europe

NCGTC to pay Bandhan Bank extra Rs 315 cr for claims under CGFMU scheme

Additionally, since they have already settled the bank's first claim of Rs 916 crore, they will pay an additional claim of Rs 314.68 crore to the bank

India's regulatory reform could hasten homecoming of IPO-bound startups

Many of the dozens of Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home

Top energy, commodity, infra companies see senior management churn

Talent firms and industry executives list evolving strategies, business growth as contributing to attrition at senior management level

We are now partners in biz transformation for firms: Google Cloud India MD

India is among the fastest-growing markets for Google in the cloud services segment, a senior executive has said, adding that the tech giant is looking to partner companies in their business transformation through its offerings. Google Cloud India is seeing an "increased adoption" of its offerings across segments from the public sector to small and medium businesses and from startups and digital-native companies, Google Cloud India Vice President and Country Managing Director Bikram Singh Bedi told PTI. "If you look at cloud services as a segment, India is one of the fastest-growing countries for Google. If you look at the kind of customers that we're working with across segments -- public sector, SMB, smaller companies, medium-sized companies, large enterprises, startups, digital native companies... across the board...we're working with multiple stakeholders who are essentially using Google Cloud services and then over a period of time, this usage has been incrementally growing," ..

Tata Digital's financial services bet pays off as credit cards top 1.5 mn

According to Tata Digital's FY24 annual report, its financial services have witnessed significant growth, with its co-branded credit card reaching 1.18 million cards

US, India hold 6th ministerial-level Commercial Dialogue, signs MoU

Minister of Commerce and Industry Piyush Goyal and US Commerce Secretary Gina Raimondo held the 6th Commercial Dialogue here on Thursday during which they reviewed the progress made in semiconductors supply chains, innovation handshake, energy-industry network and the Indo-Pacific Economic Framework for Prosperity. A day earlier, the two leaders signed a new memorandum of understanding (MoU) to expand and diversify critical minerals supply chains, with the aim of leveraging the two countries' complementary strengths to ensure greater resilience in the critical minerals sector. Priority areas of focus include identifying equipment, services, policies and best practices to facilitate the mutually-beneficial commercial development of the US and Indian critical minerals exploration, extraction, processing and refining, recycling and recovery, a media release said. During the commercial dialogue, Goyal and Raimondo praised the two sides' continuing efforts to facilitate resilient, secure