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IDBI Bank moves NCLAT against NCLT order on ZEE NCLT had rejected IDBI Bank's plea to initiate insolvency proceedings against Zee Entertainment Enterprises

Jaguar Land Rover announces appointment of Adrian Mardell as Chief Executive Officer The carmaker also made acting Chief Financial Officer Richard Molyneux's role permanent. Mardell, a JLR veteran, was appointed to the interim role in November when Thierry Bollore resigned due to personal reasons

L&T plans to launch its first ever share buyback The board will meet on July 25 to consider the buyback and a special dividend for fiscal year 2023-24.

Union Bank Q1 Results: PAT surges 107% to ₹3,236 crore on higher income, NII up 16%; asset quality improves Union Bank of India Q1 Results: The profit after tax has almost doubled in the June quarter driven by a higher core income and significantly lower provisions reported by the bank.

L&T plans first buyback as markets rise According to a company statement, L&T’s board will meet on 25 July to consider a buyback of shares and offering a special dividend on equity shares for fiscal year 2023-24.

Tanla Platforms Q1 profit soars 35% to ₹135.40 crore Shares of Tanla Platforms on Thursday closed at ₹1,119.95, up 0.43%.

IDBI Bank moves NCLAT on ZEE IDBI Bank’s plea to initiate insolvency proceedings against Zee Entertainment Enterprises (ZEE) was rejected by the National Company Law Tribunal order of 19 May.

RIL-Jio Financial demerger could give tough competition to existing NBFC players like Bajaj Finance, say experts The demerger of Jio Financial Services from Reliance Industries will create a non-banking financial behemoth, posing a challenge to existing NBFCs. Jio Financial Services will...

RIL-Jio Financial demerger FAQ: Here is what shareholders need to know The stock exchanges conducted a special pre-opening session for the discovery of RIL share price and that of its financial arm JFSL. RIL share price was discovered at ₹2,580 per share.

Microsoft's AI bet pays off, CEO Satya Nadella's windfall surpasses $1 billion amid stock surge Microsoft CEO Satya Nadella's investment in OpenAI and its ChatGPT has pushed the tech giant's stock to new highs, surpassing a $1 billion windfall for Nadella. The move has also propelled Microsoft...

Kim Kardashian's apparel company, Skims, raises $270 million in funding , is now worth $4 billion Apparel company Skims, co-founded by Kim Kardashian, raised $270m in funding, valuing the firm at $4bn. Skims plans to expand its product range and venture into men's clothing, and aims to achieve...

Havells Q1 Results: Net profit rises 18% on year to ₹287.07 crore Havells India Ltd's Q1FY24 net profit rose by 18% YoY to ₹287.07 crore, while revenue from operations jumped nearly 14% YoY to ₹4,833.80 crore.

Mphasis' board of directors recommend dividend of ₹50 per equity share The dividend, if declared at the ensuing Annual General Meeting of the company, will be paid within 30 days of the Annual General Meeting, to those shareholders.

Coforge Q1 Results: Net profit rises 44% to ₹165 crore, revenue up 21%; dividend declared Coforge reported a net profit of ₹165.3 crore in June quarter

Persistent Systems Q1 results: Consolidated net profit comes in at ₹228.8 crore The EBITDA for Q1FY24 stood at ₹4,22.9 crore, that grew 1.6 percent QoQ and 26.9 percent YoY.

DB Corp Q1: Net profit up over 2.5-fold at ₹78.75 crore DB Corp Ltd, the media firm that publishes newspapers including Dainik Bhaskar, reported a consolidated net profit of INR 78.75 crore ($11.6m) in Q1 2023, up over two-and-a-half times from the same period last year

Infosys Q1 Results: Net profit rises 11% on year to ₹5,945 crore Infosys Q1 net profit rises 11% YoY to ₹5,945 crore, but down 2.9% sequentially. Shares down 1.73% on BSE.

Adani Group clarifies on merging ACC, Ambuja brands, says ‘no plan to merge ..’ ACC, Ambuja are among the strongest brands in India with immense depth of manufacturing and supply chain infrastructure, represented by their 14 integrated units, 16 grinding units, 79 ready-mix concrete plants and...

SBI-led consortium of PSBs to fund Adani's ₹34,000 crore PVC project in Mundra: Report The funding for the first phase of the project will be taken by the public sector banks (PSBs) which will pick up the bulk of the tab of around ₹14,500 crore.

HUL Q1 results: Net Profit rises 8% to come in at ₹2,472 crore HUL Q1 profit after tax rises 8% YoY to ₹2,472 crores, with total sales growing 7% to ₹14,931 crores during the quarter.