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NCLT defers ICICI Securities delisting case to July During the hearing on Monday, ICICI Securities questioned the maintainability of the class-action lawsuit, while the petitioners reiterated that the shareholder vote was compromised by interference from ICICI Bank employees.

DLF Q4 results: Net profit rises 62% to ₹921 crore on strong housing sales, declares dividend of ₹5 per share The realty major further announced dividend of 5 each per equity share (250%) of face value of ₹2 each for FY 2023-24, subject to approval of the shareholders.

Warburg Pincus wins a heated race for Shriram Group’s housing finance biz The US-based investment giant beat Bain Capital and other suitors for Shriram Housing Finance with a ₹4,630-crore deal.Shriram Group plans to increase focus on its new ventures in a bid to boost its cash component in the...

Piramal to focus on brownfield expansion, cut debt before acquisitions The company's net debt to Ebitda ratio as of 31 March 2024 was 2.9 times, lower from 5.6 times at the start of the financial year, as the company cut its debt to ₹3,932 crore from ₹4,781 crore at the end of FY23.

Go First’s bankruptcy: Engine lessors left waiting as tribunal defers hearing to July While aircraft lessors of Go First found relief in the Delhi High Court’s April order, engine lessors are still waiting to repossess their assets

Altigreen eyes profitability following restructuring Reliance-backed Altigreen has streamlined operations, is cutting costs and launching new products.

Airtel ties up with Google Cloud to offer cloud and gen-AI solutions to Indian businesses The two companies are targeting India’s large and growing public cloud services market, which is expected to be worth $17.8 billion by 2027, according to International Data Corporation (IDC), a global...

Zomato, its first full-year profit in pocket, turns focus on Blinkit The delivery platform swung to a profit both for the March quarter and the 2023-24 financial year.Zomato is looking to add nearly 100 Blinkit stores by June. The quick-commerce business's gross order value nearly doubled in the...

Japan's SoftBank swings to quarterly profit, eyes on Arm unit SoftBank booked a profit of 328.9 billion yen ($2.11 billion) in January-March, compared to a loss of 32 billion yen a year earlier. Still, the second straight quarter of profit was not enough to keep it in the black for the full year.

Universal Music Group sees India a priority market for expansion UMG prioritizes India's growth by nurturing local talent, forging strategic partnerships, and exploring investments to break into the top 10 global music markets within 5 years.

Zomato results: Q4 Net profit at ₹175 crore versus loss of ₹189 crore YoY; shares down 2% Zomato posted a consolidated net profit of ₹175 crore in Q4 FY24 versus a loss of ₹189 crore same period a year ago.

Tirupati Forge Q4 Results Live : profit falls by 10.12% YOY Tirupati Forge Q4 Results Live : Revenue increased by 41.55% YoY & profit decreased by 10.12% YoY

Great Eastern Shipping Company Q4 Results Live : profit rise by 25.37% YOY Great Eastern Shipping Company Q4 Results Live : Revenue increased by 2.84% YoY & profit increased by 25.37% YoY

APL Apollo Tubes Q4 Results Live : profit falls by 15.55% YOY APL Apollo Tubes Q4 Results Live : Revenue increased by 7.55% YoY & profit decreased by 15.55% YoY

Our aspiration is to get into double-digit revenue growth: Marico In an interview, Saugata Gupta, MD & CEO, Marico Ltd, says that for companies in mass categories, direct distribution will be a source of long-term competitive advantage.

TCS sets the bar: Merges AI and cloud businesses to form Ai.Cloud The merger signals a strategic shift towards innovation and client-centricity, allowing TCS to seize emerging opportunities in the digital transformation landscape

Wipro aims to smoke peace pipe with former top executives Both Jatin Dalal and Mohd Ehteshamul Haque joined rival Cognizant Technology Solutions Corp less than 12 months after resigning from Wipro. The company sued them, but has now initiated processes in the courts to close the lawsuits.

Zomato Q4 results today: Expect net profit to rise 58% to ₹218 crore, revenue growth seen at 6% QoQ Zomato Q4 results: Zomato's net profit in Q4FY24 is likely to rise 58% to ₹218 crore from ₹138 crore, QoQ. Zomato had posted a net loss of ₹187.6 crore in Q4FY23.

SoftBank climbs 1.89% on reports of subsidiary Arm Holdings' plan for AI-powered chips by 2025 SoftBank Group's stock rose ahead of its earnings report, fueled by reports of Arm Holdings developing AI-powered chips for a 2025 launch.

DBS Bank India plans to double small business book in 3 years According to Verma, DBS Bank India’s strategy is to partner these companies for the long term.