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SBI Cards Q1 Results: Net profit falls 5% to ₹593 crore, revenue up 26% SBI Cards Q1 Results:The revenue from operations of the credit card issuing company increased 24 per cent to ₹4,046 crore, compared to ₹3,263 crore in the year-ago period.

Bank of India Q1 results: Net profit doubled to ₹1,551 crores, gross NPA of the bank declined by 263 bps YoY. Bank of India reported a net profit of Rs.1,551 Cr for Q1FY23, doubling from the previous year. Operating profit increased by 72%, net interest income by 45%, and NIM (Global) improved...

Vedanta to invest $5bn in first phase for semicon fab, comfortable in debt position: Anil Agarwal The total investment for the project will be in the range of $19 billion to $20 billion

India's top 4 IT firms saw headcount drop by nearly 20,000 in Q1. Know more Indian IT giants Wipro, Tech Mahindra, and Infosys lost nearly 20,000 employees in Q1 FY24, while Tata Consultancy Services saw a net addition of 523 employees.

Microsoft Faces European Antitrust Investigation Over Bundling of Teams Software Probe marks the first time in a decade that Microsoft has come under formal investigation by Brussels

TechM’s next CEO to get ₹46.8 cr package Mohit Joshi has been offered a ₹7 crore joining bonus and stands to earn as much as ₹46.8 crore in his first year, making him one of the highest-paid professional CEOs in the country

Companies Get Creative When Employees Go on Parental Leave Employers increasingly see parental leave as a way to give other employees, or people who have been out of the workforce, a chance to strenghten their skills

Bharat Electronics Q1 net profit up 23% at ₹530.84 crore BEL said its net profit rose 23% year-on-year at ₹530.84 crore for the first quarter ended June 30 of fiscal year 2024

ITC's Sanjiv Puri explains why the company will hold 40% stake in ITC Hotels ITC Ltd plans to retain a 40% stake in its demerged ITC Hotels business, which will have an asset-light model and be debt-free, according to chairman Sanjiv Puri. The new entity will raise capital as needed and benefit...

NSE Q1 Results: Net profit rises 9% to ₹1,844 crore YoY, ₹7,889 crore goes to exchequer NSE Q1 Results: The consolidated income from operations stood at ₹2,987 crore for the first quarter of the current fiscal, up 13 per cent from the year-ago period, NSE said in a statement.

NDTV posts ₹8.08 cr loss in June quarter Its consolidated revenue from operations stood at ₹69.99 crore as against ₹107.74 crore in the year-ago period

LIC clocks record share sales in Q1 State-run insurance company LIC recorded its highest-ever gains in the first quarter of the fiscal year, generating approximately $3.16 billion. The company sold shares in at least 87 leading Indian firms, yielding a profit of roughly $4 billion. The majority...

Westlife Foodworld Q1 Results: McDonald's India franchisee reports net profit at ₹288 crore, declares dividend Westlife Foodworld Q1 Results: The franchisee of the US fast-food chain reported a rise of 22 per cent in net profit at ₹288 crore in the June quarter

AirAsia India gets green to fly under AI Express brand AirAsia India has received approval from India's civil aviation regulator to operate flights under the Air India Express brand, paving the way for a proposed merger of the two airlines. The integration will lead to harmonization of customer...

Birlasoft Q1 net profit rises 14% to ₹137.5 crore, revenue rises 9% to ₹1,263 crore Pune-based IT services provider Birlasoft reported a 14% YoY increase in net profit at INR 137.5 crore ($18.5 million) for Q1FY24, with revenue up 9% at INR 1,263 crore. The company also achieved quarterly...

Healthcare Organizations Take Aim at Third-Party Cyber Risk Hospital operators collaborate on standard approach for measuring suppliers’ cyber defenses

Tesla created secret team to suppress thousands of driving range complaints: Report Tesla’s intentional inflation of in-dash range-meter projections and the creation of its range-complaints diversion team have not been previously reported.

McDonald’s Grimace Shake Trend Pays Off for Burger Chain Meal celebrating purple character rings up sales after it goes viral on TikTok

Mundra Port accelerates despatch of containers; surpasses levels seen before cyclone Biparjoy Post-cyclone, the number of double-stack container trains has jumped by 33%, expediting their clearance from the port

Top automakers in US want to counter Tesla's EV charging dominance with a new company Major US automakers are joining forces to create a rival electric vehicle charging network to Tesla. The joint venture plans to roll out 30,000 charging stations in North America, with support for both Tesla's...