Corporates News

Tata-owned Air India (AI) has released latest grooming guidelines for all its crew members while giving clear...

Gender diversity on the boards of Indian companies has improved, but India lags behind the global average of 24% women representation in boardrooms. However, the pace of growth has faltered in the last three years, slowing down to an aggregate increase of just 1%. Out of the total 4,694 directorships in the Nifty500 companies, only 827 posts were held by women at the end of FY22.

Mining giant Vedanta on Monday announced the third interim dividend of Rs 17.50 per equity share for the current financial year, amounting to Rs 6,505 crore. The mining giant's gross debt stood at Rs 58,597 crore as on September 30.

FSN E-Commerce Ventures, which operates under the Nykaa brand name, on Tuesday said its chief financial officer Arvind Agarwal has resigned from the ...

Essar group companies completed the sale of two captive ports and a power plant to ArcelorMittal Nippon Steel India, on Mond...

NMDC Ltd will be spending nearly Rs 900 crore in the next two to three years to ramp up iron ore production from seven milli...

Online food delivery platform Zomato on Saturday said it is planning to lay off nearly 3 per cent of its workforce on account of cost-cutting efforts and to turn profitable.

India Inc. has reported cumulative revenue of ₹25.6 lakh crore in Q2 FY23, registering a 24 percent increase from a year ago...

Tata Motors on Thursday said it has bagged an order for 1,000 buses from Haryana Roadways. The auto major said it will supply 52-seater fully built BS VI diesel buses in a phased manner, as per the contract.

Mortgage lender HDFC will raise up to Rs 5,500 crore by issuing bonds on a private placement basis to shore up its resources. The secured redeemable non-convertible debentures (NCDs) issue will have a base size of Rs 4,000 crore with an option to retain an oversubscription of up to Rs 1,500 crore.

Oil and Natural Gas Corporation (ONGC) reported 30 per cent fall in net profit for September quarter after the government le...

LTI and Mindtree will start functioning as a single entity from November 14, 2022. Mindtree will be delisted and LTI will be renamed LTI-Mindtree. Al...

Cloud lending platform Lentra on Monday raised $60 million in its Series B round led by existing investors Be...

Mahindra & Mahindra reported a 44% year-on-year rise in consolidated net profit to 2,773 crore in Q2. It sold 1.74 lakh auto units in Q2 - 91,800 SUVs and 49,000 pickup trucks. The company’s executive director Rajesh Jejurikar said the overall demand momentum continues to be ‘very strong’. Its total revenues stood at ₹29,870 crore during the quarter.

Commercial vehicle major Ashok Leyland Ltd closed Q2FY23 with a net profit of Rs 199.31 crore.

One 97 Communications, operator of the digital payments platform Paytm reported 14% sequential revenue growth to 1,914 crore. Leading the revenue growth were its lending and merchant businesses. It also narrowed its loss sequentially to 572 crore, and said it is on track to achieve adjusted EBITDA profitability by the September 2023 quarter. Apart from narrowing losses, One 97 Communications, the operator of digital payments platform Paytm, reported a 14% sequential rise in Q2 revenue to 1,914 crore.

Good Day biscuit maker and FMCG major Britannia crossed ₹1 lakh crore in market cap, after it announced its Q2 FY23 earnings on November 4. Here’s wh...

The Adani Group will become the first Indian port operator in Sri Lanka as construction of the Colombo Port's Western Container Terminal (WCT) is set...

Sridhar Vembu of Zoho said that no other company has built a billion dollar product company in India.Zoho’s annual revenue in India increased by 77% in 2021 but contributed only 10% to the overall revenue figures.The company also plans to open 100 network PoPs (point of presence) around the world in the next five years.

Digital payments and financial services company Paytm's second quarter net losses widened 20% to ₹571 crore, it said on Mond...

PB Fintech, operator of the insurance aggregator platform Policybazaar reported a sequential decline in its Q2 net loss to 187 crore. Its insurance premium per enquiry – which is the amount of money customers pay as premium – declined to 1,505 in Q2 from 1,595 in Q1. “Bima Sugam could be a UPI moment for the insurance industry,” the company said.

Global skills and talent development corporation NIIT Ltd on Saturday announced it has acquired US-based St. Charles Consult...