Ahead of Adani Enterprises’ Rs 20,000-crore follow-on public offer (FPO), Adani Group Chairman Gautam Adani said the company’s strongest growth is still ahead. He said the mega FPO is part of…
Category: Companies
Vistara reports first-ever profit in October-December quarter
Vistara, a joint venture of Tata Sons and Singapore Airlines, on Monday reported its first-ever quarterly profit (excluding unrealised foreign currency loss and non-operating income) for the quarter that ended…
‘Why fire people? Founders should take pay-cuts’: Ashneer Grover wades into layoff controversy
Former BharatPe MD and the mercurial Shark Tank India season 1 judge Ashneer Grover has said today that he has never had to fire people because of bad markets since…
Maruti Suzuki probing some execs over allegations of wrongdoing: Report
Maruti Suzuki is reportedly investigating allegations of wrongdoing by some company executives from the purchase department. The investigations come amid allegations by a whistleblower. As per reports, KPMG has been…
Adani Group to spin off hydrogen, airport, and data centre businesses by 2028
Billionaire Gautam Adani’s group intends to spin off businesses like hydrogen, airports, and data centres between 2025 and 2028 once they reach a specific investment profile, the company’s Chief Financial…
Why OTTs now want films to release in theatres first
OTT platforms — which emerged as the messiah for movies during the pandemic by becoming their primary source of revenue and audience — are not buying them anymore without a…
ICICI Bank Q3 Results: Profit after tax grows 35%, bad loans ratio declines
Private sector major ICICI Bank on Saturday reported that its profit after tax grew by 34.2 per cent year-on-year to Rs 8,312 crore in the December quarter. It reported that…
Bombay HC quashes Yes Bank Administrator’s decision to write off Additional Tier 1 (AT-1) bonds
The Bombay High Court on Friday quashed a decision taken by the Yes Bank Administrator on March 14, 2020 to write off Additional Tier 1 (AT-1) bonds noting the Administrator…
Yes Bank Q3 results: Net profit falls 81% to Rs 52 cr, asset quality improves
Private lender Yes Bank on Saturday reported 81% decline in standalone net profit at Rs 52 crore for the quarter ending December 31, 2022 as against Rs 266 crore in…
UltraTech Cement Q3 results: Revenue up 19.5% to Rs 15,520.93 cr, profit drops 38%
Cement major UltraTech, which is controlled by Aditya Birla, has reported that its consolidated net profit for the October-December quarter dropped 38 per cent to Rs 1,058.20 crore. However, its…