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In discussions with potential local partner: Skoda Auto Volkswagen India

In discussions with potential local partner: Skoda Auto Volkswagen India

Mon, Dec 02, 2024

Skoda Auto Volkswagen India on Monday said it is in discussions with a potential partner regarding possible collaboration in India, refuting speculation that it has halted the process of finding a local collaborator after the investigation over alleged customs duty fraud.

Ola Electric plans to increase store network to 4,000 by December 20

Ola Electric plans to increase store network to 4,000 by December 20

Mon, Dec 02, 2024

Ola Electric on Monday said it plans a four-fold expansion of its company-owned store network to 4,000 by December 20, 2024.

PCBL expansion at Mundra plant completed

PCBL expansion at Mundra plant completed

Thu, Nov 28, 2024

Carbon black major PCBL Ltd on Thursday said that the second and final phase of its specialty chemical capacity expansion at the Mundra plant in Gujarat has been successfully commissioned.

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IRIS Business Services Q3 Results: Profit at Rs 1.76 crore

IRIS Business Services Q3 Results: Profit at Rs 1.76 crore

Mon, Feb 12, 2024

IRIS Business Services Q3 Results: In the year-ago period, the profit was Rs 1.48 crore. Revenue in April-December FY24 was Rs 72.35 crore as against Rs 53.47 crore in the year-ago period, the company said in a regulatory filing.

Black Box Q3 Results: Net profit rises to Rs 41 crore

Black Box Q3 Results: Net profit rises to Rs 41 crore

Fri, Feb 09, 2024

Black Box Q3 Results: IT company Black Box posted a multi-fold jump in consolidated net profit to Rs 40.87 crore in the December quarter on account of cost rationalisation and enhanced productivity.

Apollo Hospitals Q3 Results: Net profit rises 60% to Rs 245 crore

Apollo Hospitals Q3 Results: Net profit rises 60% to Rs 245 crore

Thu, Feb 08, 2024

Apollo Hospitals Q3 Results: Apollo Hospitals Enterprise said it posted a 60 per cent increase in its consolidated profit after tax to Rs 245 crore for the December quarter, on account of higher sales.

IndiGo Q3 Results: Profit more than doubles to Rs 2,998 crore

IndiGo Q3 Results: Profit more than doubles to Rs 2,998 crore

Fri, Feb 02, 2024

IndiGo Q3 Results: IndiGo's parent InterGlobe Aviationon reported more than doubling of its profit after tax to Rs 2,998.1 crore in the three months ended December 2023, as it remained profitable for the fifth straight quarter.

Nokia Q4 operating profit down 27%, beats forecast on margin boost

Nokia Q4 operating profit down 27%, beats forecast on margin boost

Thu, Jan 25, 2024

Nokia, however, saw improvement in gross margins boosting profits as sales of products shifted towards software, which brought in higher margins.

Walt Disney and Mahindra officials join USISPF Board of Directors

Walt Disney and Mahindra officials join USISPF Board of Directors

Sat, Jan 20, 2024

Walt Disney and Mahindra group officials have joined the Board of Directors of US India Strategic and Partnership Forum, which the organisation said is testimony to the success story of American companies in India and a growing presence of Indian conglomerates in the US.

Go First's lenders seek investor bids by January 31 -sources

Go First's lenders seek investor bids by January 31 -sources

Mon, Jan 15, 2024

The second banker said the Committee of Creditors could also consider extending the month-end deadline at the request of a potential suitor.

GD Goenka Group appoints Gaurav Himkar as Group CEO

GD Goenka Group appoints Gaurav Himkar as Group CEO

Fri, Jan 12, 2024

Earlier, Himkar was associated with the Hero Motors Group where he served as the Chief Strategy Officer and Managing Director for its European e-bike business HNF Nicolai, according to a company statement.

CureBay raises Rs 62 crore from Elevar, others

CureBay raises Rs 62 crore from Elevar, others

Sat, Jan 06, 2024

The fund will enable the health-tech innovator to continue creating access to high quality and affordable healthcare in under-served locations, build an intelligent and robust health data platform and also to hire over 200 professionals including data scientists, healthcare experts, the startup said in a statement on Saturday.

Godrej Consumer expects to deliver mid-single digit volume growth in Q3

Godrej Consumer expects to deliver mid-single digit volume growth in Q3

Sat, Jan 06, 2024

"Growth was broad-based across both home care and personal care. Park Avenue and KamaSutra brands continue to perform well and are on track to achieve full-year ambition," the Godrej Group FMCG arm said in a quarterly update.

Titan reports 22% revenue growth in December quarter

Titan reports 22% revenue growth in December quarter

Fri, Jan 05, 2024

Titan said it has registered a revenue growth of 22 per cent in the December quarter. During the October-December period, it added 90 stores across verticals, taking the group's retail presence to 2,949 stores, according to a Quarterly Update by Titan.

Pocket FM's India arm logs 647% revenue growth in FY23, losses down by 56%

Pocket FM's India arm logs 647% revenue growth in FY23, losses down by 56%

Thu, Jan 04, 2024

Pocket FM disclosed the financial performance of its India subsidiary for FY2023, reporting a 647 per cent surge in revenue, reaching Rs 131 crore and a 56 per cent decrease in loss (before tax), amounting to Rs 75.7 crore.

Meesho reduces losses to Rs 1,675 crore in FY23, revenue up 77%

Meesho reduces losses to Rs 1,675 crore in FY23, revenue up 77%

Fri, Dec 29, 2023

The SoftBank-backed company achieved this growth due to lower customer acquisition costs (CACs) and reduced spends on server and infrastructure components.

Mahindra & Mahindra gets Rs 4.12 crore tax penalty; company to challenge

Mahindra & Mahindra gets Rs 4.12 crore tax penalty; company to challenge

Fri, Dec 29, 2023

Mahindra & Mahindra on Friday said it has been imposed a penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business.

RITES, NEEPCO in pact to strengthen logistical infra at northeast hydropower stations

RITES, NEEPCO in pact to strengthen logistical infra at northeast hydropower stations

Sat, Dec 23, 2023

Engineering and consultancy firm RITES Ltd said it has entered into a pact with NEEPCO to cooperate on consultancy works for strengthening logistical infrastructure at various hydropower stations in the North East.

Karnataka approves Foxconn's additional investment proposal worth Rs 13,911 crore

Karnataka approves Foxconn's additional investment proposal worth Rs 13,911 crore

Wed, Dec 13, 2023

Electronics manufacturing major Foxconn had earlier received approval to invest Rs 8,000 crore in the state. Foxconn is the world's largest electronics manufacturer, with total revenue exceeding New Taiwan dollar 6 trillion in 2022.

Thermax arm bags Rs 500 crore order for setting up 5 bio-CNG plants

Tue, Dec 12, 2023

Thermax on Tuesday said its arm has bagged an order worth more than Rs 500 crore from a leading energy conglomerate to set up five bio-CNG plants across the country.

Cigna abandons pursuit of Humana, plans $10 billion share buyback

Cigna abandons pursuit of Humana, plans $10 billion share buyback

Mon, Dec 11, 2023

Cordani said the company would consider bolt-on acquisitions aligned with its strategy as well as "value-enhancing divestitures."

IndiGo's parent firm to challenge tax demands worth over Rs 1,666 crore

IndiGo's parent firm to challenge tax demands worth over Rs 1,666 crore

Thu, Nov 23, 2023

The company said a demand of "INR 7,396.76 million (AY 2016-17) and INR 9,270.31 Million (AY 2017-18) was raised by the Assessing officer, against which the Company had preferred appeal before CIT-Appeal".

Titan Company plans to hire over 3,000 employees in next 5 years

Titan Company plans to hire over 3,000 employees in next 5 years

Tue, Nov 21, 2023

The Titan Company said it is planning to add over 3,000 employees in the next 5 years across domains including engineering, design, luxury, digital, data analytics, marketing and sales among others.

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