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JK Lakshmi Cement Q1 Results: Net profit drops 30% to ₹79 cr, revenue up 5%; board approves fundraising via NCDs JK Lakshmi Cement Q1 Results: The cement manufacturer's revenue from operations in the first quarter of current fiscal stood at ₹1,730.25, registering a growth of around five per...

AirAsia India gets nod to operate under Air India Express brand The approval from the regulator allows both Air India Expres and AIX Connect flights to be marketed, distributed and operated under a common brand name 'Air India Express', prior to the subsequent scheduled legal merger of the two...

Pratt & Whitney woes return for IndiGo, airline plans minimum impact India's largest airline will have to inspect some of its Airbus A320neo aircraft as the engine maker recommends accelerated inspections of 600 planes worldwide.

Jio Financial joins BlackRock to launch asset management firm Jio Financial Services, the demerged financial lending arm of Reliance Industries, and BlackRock, the world’s largest asset manager, have joined hands to set up an asset management company with a combined investment of $300 million

Deepak Fertilisers Q1 Results: Net profit plunges 74% at ₹114 crore, revenue declines 23.7% YoY The revenue was down 17.3 percent at ₹2,796 crore in the corresponding quarter of last year.

Omax Auto Q1 Results: Net loss narrows to ₹1.15 crore, revenue up marginally Omax Autos Q1 Results: Omax Auto reported a net loss of ₹1.15 crore, compared to a loss of ₹4.95 crore in the corresponding period last year.

Godfrey Phillips Q1 profit surges 68.61% to ₹220.97 crore Godfrey Phillips’ revenue from operations rose 26.84% to ₹1,245.39 crore during the June quarter as against ₹981.83 crore in the corresponding period of the previous fiscal

Cipla posts 45% growth in Q1 The company’s income from operations at ₹6,329 crore was up 17.7% year-on-year. The reported Ebitda at ₹1,494 crore also grew 30.7% year-on-year.

Marico to acquire majority stake in nutrition brand Plix for ₹369 cr The acquisition of 32.75% of the paid-up share capital of Satiya Nutraceuticals on a fully diluted basis, through primary infusion and secondary buyouts, was completed on 26 July 2023.

Axis Bank reports 41% growth in Q1 Net profit stood at ₹5,797 crore in the three months through June, compared to ₹4,125 crore during the corresponding period last year.

LIC MF ranking to jump a notch after merger with IDBI MF Anti-monopoly regulator Competition Commission of India (CCI) approved LIC MF’s acquisition of 20 schemes of IDBI MF in March.

Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids

Shoppers Stop to expand affordable fashion footprint Shoppers Stop plans to expand its value format chain Intune to 10 stores, targeting the lower-end segment of the apparel market in India. The new format will sell private labels and focus on affordable products for women, children, and men...

Whyte & Mackay single malt whisky finds key mkt in India UK's Whyte & Mackay, known for brands like The Dalmore and Jura single malt whisky, sees India as its most significant market after the US and China. The company launched in India in 2018 and has seen a compound annual growth rate (CAGR)...

Bajaj Fin troubled by rapid growth of personal loans The company is tightening credit standards and filtration criteria and monitoring aggregate leverage to stay out of trouble while remaining in the game

Mahindra eyes 9.9% stake in RBL Bank Move surprises investors who termed the transaction ‘bold’.During Q1, RBL Bank recorded a massive 43% jump in its net profit to ₹288 crore on higher interest income

NCLT allows Go First to use leased aircraft In an order issued on Wednesday, NCLT said the Directorate General of Civil Aviation (DGCA), has not deregistered the aircraft, which means that they are available to the airline to resume operations

IndiGo’s Pratt & Whitney woes resurface In India, IndiGo and Go First are the users of PW1100-run A320neo family aircraft, and industry experts expect minimal impact on domestic carriers

Unseasonal rains unfavorably impact Coca-Cola’s India business India business was unfavorably impacted by unseasonable rain and cooler temperatures in the quarter. However, the growth outlook remains intact, James Quincey, chairman and CEO of The Coca-Cola Company said

ReNew announces its 5 GW partnership with Petronas Gentari Renewables India Pte. Ltd will have a 50% equity stake in NASDAQ-listed ReNew’s utility scale 5 GW renewable energy portfolio comprising of solar, wind and energy storage projects. This comes in the backdrop of ReNew lining an ambitious...