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Airtel’s Q4 profit dragged down 31% on forex losses The devaluation of the Nigerian naira continues to haunt India’s second-largest telecom services provider in the March quarter.Airtel’s board has proposed dividend of ₹8 per fully paid-up share, and ₹2 per partly paid-up share, for FY24

Nayara announces foray into ethanol production with investment of ₹600 cr Nayara is among the major private players in the space and a company statement said that setting up ethanol plants will help it achieve downward integration.

Cipla promoters plan to sell 2.53% stake This move comes amidst a strong year for Cipla's stock price, which has surged by 45% so far in 2024

ChrysCapital invests $100 million in eyecare chain Centre for Sight Center for Sight will use the investment from ChrysCapital to accelerate its expansion plans.The investment underscores the growing interest of investors in single-specialty healthcare providers

Varun Beverages ramps up domestic capacity in Q1 Varun Beverages also announced the upcoming launch of a greenfield plant in Congo and said that its wholly-owned subsidiary, Varun Beverages Morocco SA, will start manufacturing and packaging Cheetos in Morocco by May 2025

London’s Pantheon Ventures to ramp up investments in India Pantheon Ventures joins a growing list of global investment firms keen on investing in India, attracted by its robust economic growth and burgeoning startup ecosystem.In India, Pantheon is keen to invest in sectors such as business and...

Bharti Airtel Q4 results: Net profit declines 31% to ₹2,072 crore; 4 key highlights from earnings The consolidated revenue for the company grew 4.4 per cent to ₹37,599 crore, led by devaluation of African currencies during the period, particularly Nigerian Naira.

Devyani International Q4 result: Company reports a loss of ₹49 crore; adds 47 stores in the fourth quarter Devyani International Q4 result: Devyani International reported a loss of ₹49 crore in Q4FY24 due to a one-time loss of ₹42.37 crore. Revenue grew 38.7 per cent to ₹1,047.1 crore...

PVR Inox Q4 results: Net loss narrows to ₹130 crore, revenue rises 10% YoY PVR Inox Q4 results: For the full year FY24, the company’s loss narrowed to ₹32 crore from ₹335 crore in FY23, while its revenue for the period increased to ₹6,107 crore from ₹3,751 crore in the previous year.

OpenAI unveils GPT-4o: From excitement, worry, warnings & memes — Here's how the Internet reacted to the AI conversation OpenAI's GPT-4o model, with enhanced audio features for real-time conversations, received mixed reactions, with some excited about the futuristic tech and others expressing...

Walmart to lay off hundreds of corporate staff and relocate others, says report Walmart to lay off hundreds of corporate staff and relocate others, WSJ reports

Tata Play brings Prime Video to Binge; offers multiple OTT bundles for the first time These subscriptions will allow users to access Prime Video's library, along with benefits like free same-day and next-day delivery on Amazon purchases.

Mint Explainer: How will Tesla’s first lawsuit in India affect trademark disputes in the EV sector? Earlier this month the EV maker sued Tesla Power India Pvt Ltd, a battery maker in Gurugram, for trademark infringement. The case will reveal how well Indian IP law protects foreign companies and...

America is in the midst of an extraordinary startup boom How the country revived its go-getting spirit

Kumar Mangalam Birla’s Novelis plans $1.2 billion worth US IPO as early as June, targets $18 billion valuation Novelis Inc., owned by Hindalco Industries Ltd., plans to complete a US IPO in early June to raise $1.2 billion with a target valuation of $18 billion. The company filed publicly with...

Q4 Results Today: Airtel, Siemens, BASF India, Apollo Tyres, PVR Inox among 97 companies to post earnings on May 14 Q4 FY2024 Results Today: Bharti Airtel, Siemens, Colgate-Palmolive (India), BASF India, Apollo Tyres, and PVR Inox are among the 97 companies set to announce their financial...

Zomato to surrender RBI licence to operate as online payment aggregator Zomato said the Board of Directors of ZPPL has also decided to withdraw the application dated Nov 11, 2021 submitted with the RBI to operate as the issuer of pre-paid payment instruments

Melinda Gates resigns as co-chair of Gates Foundation: 'Right time for me to...' The resignation comes almost three years after Bill and Melinda Gates announced their divorce in May 2021

India Exim Bank's PAT rises 62% in FY24 to ₹2,518 crore The Mumbai-headquartered financial institution, which finances, facilitates and promotes India's international trade, said its total business for FY24 was ₹3.4 trillion, up 17.8% on year.

INOX India Q4 results: Net profit jumps 44% YoY to ₹44 crore; revenue up 17% INOX India Q4 results: The revenue of the company increase 17% year on year from ₹235 crore to ₹276 crore during the period under review