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CATEGORY

Company Updates

PepsiCo India shows strong growth despite external challenges in 2023

In Short:PepsiCo India earned ₹5,794 crore in revenue and ₹199.75 crore in net profit for the nine-month period ending December 2023. The company transitioned...

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...

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