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JB Pharma reports a 35% YoY increase in Q1 PAT The company’s domestic formulation segment saw a growth of 17% to stand at ₹489 crore in the first quarter of the current fiscal year

Shriram Group’s founder Thyagarajan says lending to poor is socialism and can be profitable: Report By offering a cheaper rate than the punitive rates available to the unbanked, Thyagarajan has proved that the lending business can be safe and profitable, according to Bloomberg News

Hinduja Renewables bags 80 MW project in Madhya Pradesh The company said it was declared the successful bidder for Unit C in the Phase II of the project at a tariff of ₹3.89/kWh

Sula Vineyards Q1 results: Profit rises 24.4% at ₹13.68 crore The winemaker reported a 21% rise in revenue from operations to ₹117 crore

Dreamfolks Services Q1 results: Revenue rises 66% at ₹266.32 crore Dreamfolks says the board of directors has approved a dividend of ₹0.5 per share for the June quarter

NIIF taps Russell Reynolds to find next MD & CEO After Sujoy Bose, who served as NIIF’s first MD & CEO for six years since 2016, quit in May, the company named Rajiv Dhar, the executive director and chief operating officer, the interim MD & CEO

Tata Power PAT up 29% in Q1 The company reported a 2% y-o-y increase in revenue at ₹15,003 crore this fiscal, which was due to higher sales across distribution companies (with higher power prices in Odisha Discoms contributing as well) and capacity addition in renewables.

Dark fibre case: SAT sets aside Sebi order on NSE, ex-officials The case pertains to alleged differential access given by NSE to certain broking firms over dark fibre, an already laid but unused or passive optical fibre unconnected to active electronics or equipment and does not have other data...

L&T eyes green energy, plans to sell non-core biz as Naik exits S. N. Subrahmanyan, the current chief executive of L&T will be taking over as the group’s chairman effective 1 October, while Naik, a legendary corporate leader, will head L&T Employee Trust

‘Shift to luxury cars will gain pace as EV market matures’ Mercedes Benz India plans to launch 3-4 more EVs in the country within 12-18 months

Waaree Renewable eyes power generation The solar engineering, procurement and construction subsidiary of the Waaree Group is in talks with potential partners but no progress has been made so far.

Ant deal revives question on Sharma’s position at Paytm Advisory firm IiAS believes founder wields promoter-like influence through a trust

July's VC funding wave breathes new life into startup ecosystem Average deal size rebounded to $9.3 mn in July from a sharp drop in June

Trent Q1 results: Profit jumps 44% at ₹148.27 crore Standalone revenue from operations grew 53.4% from ₹1,652.86 crore reported in they ago period to ₹2,536.43 crore, the company said

Tesla CFO Zachary Kirkhorn exits Elon Musk-led company after 4 years with $590 million fortune Tesla CFO Zachary Kirkhorn steps down with a $590 million fortune.

Disney+ Hotstar loses 12.5 million subscribers in June quarter; CEO Bob Iger says ‘more to accomplish’ Disney reported a decline in subscribers to its streaming service and a net loss of $460 million, but shares rose by 2.5%. The loss in subscribers was mainly attributed to its Indian business...

SJVN net profit declines 55% to ₹272 crore in Q1 SJVN's net profit in Q1 2019 dropped over 55% due to lower revenues; signs power trade agreement with Sikkim Urja.

Berger Paints Q1 Results: Net profit rises 40% to ₹355 cr, revenue up 8% YoY Berger Paints Q1 Results: The company said its board has approved the issue of one bonus equity share of face value of Re 1 each against 5 equity shares of the face value of Re 1 each, subject to shareholders' approval.

ICICI Lombard responds to GST notice, alleging tax demand of ₹273 crore; check here ICICI Lombard General Insurance has received a GST show-cause notice for tax demand of ₹273.4 crore.

This is how AM Naik will continue at L&T after stepping down on September 30: Report L&T chairman AM Naik to step down, S N Subrahmanyan to take over. Naik will remain associated with the company in other roles