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CATEGORY

Company Updates

Aditya Birla Group targets $25B consumer business growth in five years

In Short:Aditya Birla Group expects its consumer businesses to reach $25 billion in revenue in the next five years, contributing 25% to overall turnover....

DLF records 23% increase in Q1 net profit to ₹645 crore

In Short:DLF, India's largest real estate company, reported a 23% increase in consolidated net profit in Q1FY25 at ₹645 crore compared to ₹526 crore...

Ramco Cements aiming to raise ₹1,000 cr through non-core asset monetisation

In Short:Ramco Cements Ltd plans to invest ₹1,200 crore in the current fiscal year and sell non-core assets worth ₹1,000 crore. Their Q1 FY25...

Daimler India appoints new head for bus business

In Short:Daimler India Commercial Vehicles (DICV) has appointed Andamuthu Ponnusamy as the Head of Bus Business, effective July 1, 2024. With over 35 years...

Adani Group’s Africa Expansion: Investment Proposal Submitted for Nairobi Airport

In Short:Adani Group has proposed to develop Nairobi airport through a public-private partnership, in response to concerns over lack of transparency. The airport is...

IRDAI instructs Religare’s Care Health to repurchase shares allocated to Rashmi Saluja

In Short:Insurance regulator IRDAI has instructed Care Health Insurance Ltd to repurchase 7.57 million shares issued to Rashmi Saluja, non executive Chairperson of Religare...

L&T anticipates increase in revenue in Q1 with robust Middle East and domestic orders

In Short:Larsen & Toubro (L&T) is expected to experience an increase in revenue in Q1 FY25, thanks to strong order inflow from the Middle...

MakeMyTrip reports 12.9% profit growth in Q1.

In Short:MakeMyTrip's net profit increased by 12.9% to $21 million in Q1 FY 2025, with highest ever gross bookings and revenue. Revenue grew by...

Government plans to eliminate angel tax on startup investments

In Short:Finance Minister Nirmala Sitharaman announced the removal of angel tax for all classes of investors in startups to support innovation. She also proposed...

Air India’s US routes to feature new A350 planes

In Short:Air India plans to use new Airbus A350 aircraft on routes to US starting November. 60% of US flights will have upgraded interiors....

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