LTIMindtree elevates Rajesh Sundaram as chief business officer for manufacturing
Rajesh Sundaram's appointment comes at a time when LTIMindtree has experienced a number of high-level executive exits since the company's merger with its entities last year.
Dixon Technologies Q2: Net profit up 47% to Rs 113.36 crore, revenue up 27.83%
The company reported a consolidated revenue from operations at Rs 4,943.18 crore.
Mobikwik-owned Zaakpay gets RBI's in-principle nod to operate as payment aggregator
The in-principle nod comes two years after Mobikwik filed an initial application with the RBI. In 2021, Mobikwik applied for the PA license for Zaakpay to RBI, however, the same was rejected and the firm re-applied in October 2022
Jio teams up with plume to enhance smart home services for Indian subscribers
A standout feature of this partnership is the introduction of HomePass and WorkPass consumer services.
Jubilant Foodworks Q2: Net profit falls 26% to Rs 97.20 crore, revenue up 5.15%
The company inaugurated 60 new outlets across their various brands, leading to a total of 1,949 stores.
Zerodha rival Groww turns profitable, revenue jumps 266% to Rs 1,277 crore in FY23
In FY23, the Bengaluru-based fintech diversified its offerings like lending and UPI payments within its app.
BharatPe clocks its highest-ever gross revenue in August 2023 at $23.5 million, ARR zooms to $282 million
The pick up in growth will not only give a fillip to its plans for a public listing but also comes as a relief, after the high drama that roiled the startup in the last year.
Kotak Mahindra Bank Q2 Results: Net profit jumps 24% to Rs 3,191 crore, asset quality stays healthy
The net profit, at Rs 3,191 crore, beating the market estimates of Rs 3,092 crore.
Paytm's revenue rises by 32% in Q2 on strong loan growth, losses narrow to Rs 292 crore
The company’s overall loan disbursement was recorded at Rs 16,211 crore, up nearly 122 percent in September quarter
Metro Brands Q2: Net profit falls 13.18% to Rs 67.62 crore, revenue rises 16.66%
The company continues to showcase strong growth in its physical presence with the addition of 56 new stores in H1 FY 2023-2024.
Google Pay launches consumer and merchant lending products, enables credit on UPI
The company said that it is collaborating with partners in the financial ecosystem, including banks and NBFCs, to create products aimed at addressing the credit gap in India.
BIS approves India’s first-ever indigenous charging standard developed for light EVs
According to experts, this standard addresses a large gap that existed in the market for a standardised connector for AC & DC combined charging systems for light electric vehicles
Wealth and asset management startup Neo bags $35 million funding from Peak XV
Neo is also seeking an Non-Banking Financial Company (NBFC) license to enter into lending to its existing clients.
PhonePe revenue rises 77% to Rs 2,914 crore in FY23, loss widens on higher ESOP costs
PhonePe's standalone PhonePe India Pvt Ltd entity, which houses its Payments business, recorded an operating loss of Rs 1,755 crore in FY23, up from Rs 1,612 crore in FY22.
Glenmark launches diabetes drug combination for adults with co-morbidities
This drug assists in the enhancement of glycemic regulation in adult patients who have a high level of hyperbolic acid (HBA1c) and/or are co-infected with other conditions. It will be priced at Rs 14 per tablet (per day).
Dabur gets tax demand notice of Rs 320.6 crore under GST
Dabur plans to contest the GST discrepancy claim on solid grounds by presenting its response and evidence to the concerned authorities. This tax payment notice does not affect the company's financial or operational activities
Glenmark receives US FDA approval for generic psoriatic arthritis drug
Glenmark’s current portfolio consists of 188 products authorized for distribution in the U.S. marketplace and 50 ANDA’s pending approval with the U.S. FDA.
Whatfix is building its own Gen AI vision model, says CEO Khadim Batti
The statement comes at a time when large SaaS players like Zoho are working on building their own large language models to power generative AI
Live: HDFC Bank Q2 earnings | Results, management commentary & future outlook
HDFC Bank reports first earnings as a merged entity, profit beats estimates, coming in at around Rs 16,000 crores. The net interest income of nearly Rs 27,400 crore has missed street expectations. Here's a roundup of the numbers. Watch!
Live: Nifty Back Around 19,750; HDFC Bank Q2 Today| Delta Corp, DMart In Focus| Mid-Day Mood Check
Smart rebound from day’s low while Nifty is back to around 19,750.Mid & Smallcap indices remain resilient and the advance-decline ratio tilted in favour of gainers. Metals, I.T. & PSU banks among top sectoral gainers.Catch this mid-day market mood check with Nandita Khemka to know about all the movers and shakers in today’s session!
Lupin gets tentative USFDA approval for generic prostate cancer drug
The product will be manufactured at Lupin’s Pithampur facility in India.
Market Live: Nifty below 19,750 | Sensex falls 120 pts | Auto, Realty Gain, It drags | Bajar Gupshup
Benchmark indices ended on a negative note on October 13 amid volatility with Nifty around 19,750.Top Nifty losers were Axis Bank, Infosys, Adani Enterprises, SBI and Wipro, while the gainers were Tata Motors, IndusInd Bank, HCL Technologies, Tata Consumer Products and Nestle India.Among sectors, auto and realty up 0.5 percent each, while metal, bank and information technology down 0.5 percent each.The BSE midcap and smallcap indices ended on a flat note.Watch Yatin Mota live on Bajar Gupshup to know more.
Live: Infosys, SBI & Axis Bank drag Nifty below 19,700; HCL Tech top gainer| Mid-day Mood Check
Nifty below 19,700 amid weakness in I.T. and Banks. HCL TECH, Nestle & Tata Consumers are amid the top Nifty gainers. While Infosys, Axis Bank, SBI and Wipro stand as Nifty losers. Catch this mid-day market mood check with Nandita Khemka and Yatin Mota to know about all the movers and shakers in today’s session!
Live: Indian equities brace for cautious start after guidance cut by two IT majors | Opening Bell
Indian equity markets remain range-bound with positive bias .
Investors look forward to results from the rest of sectors for further guidance after two IT companies - Infosys and HCL Tech cut their guidance.
Moneycontrol’s Nickey Mirchandani (@onlynickey) in discussion with Sushil Kedia, Founder, Kedianomics, Gaurang Shah, Senior Vice President, Geojit Financial Services
Catch the entire Q2 IT earning discussion with CHandra R Srikant, Editor- Technology, Startup and New Economy
