Page 11 - Indian Companies

Tariff hike boost helps Reliance Jio log 24% jump in net profit

Jio gained 9.7 million mobile subscribers in the June quarter, after witnessing a decline for three consecutive quarters

RIL profit jumps 46.3% in June quarter on higher refining margin

The standalone gross revenue of the company has grown from Rs -- crore in Q1FY22 to Rs -- in Q1FY23

Next pain point for the rupee: $79 billion of unhedged offshore loans

The nation's firms had $79 billion of unhedged offshore loans at the end of March, about 44% of their total overseas borrowings, according to the latest data from the Reserve Bank of India

Rupee at 80: How top Indian companies hedged themselves for dollar

Reliance Industries, the Tata group, Bharti Airtel, Aditya Birla among conglomerates that took forward positions

Shiprocket buys Arvind's omnichannel unit in Rs 200 cr stock-and-cash deal

Companies aim to reduce delivery time and improve customer experience by combining their expertise

Attempts of forces to harm India's interests must be thwarted: PM Modi

Modi said national defence is no longer limited to borders but has a much broader ambit and the armed forces and other stakeholders must work together to bolster the country's military capabilities.

Ambuja Cement Q2CY22 results: A look at figures for the last four quarters

This will be the first result announcement by the company since it was acquired by the Adani group in May 2022

upGrad buys recruitment & staffing firm Wolves India for undisclosed sum

The Bengaluru-based Wolves India specialises in placing high-quality tech talent across startups, along with mid and large-sized organisations in India and overseas

Bonanza for Indian euro loan borrowers as currency slides against dollar

Companies will have to buy fewer dollars to repay euro debt

Demand outlook remains robust for Blue Dart Express, say brokerages

Blue Dart Express posted 34 per cent revenue growth in 2021-22, assisted by 30 per cent growth in volumes; the rest came from higher realisations

CEOs expect better job creation despite monetary tightening in H1FY23

A majority of CEOs in the poll anticipate improved job creation prospects in their companies in the first half of FY23, even as expectations of monetary tightening are pervasive

FMCG companies expect demand recovery, price stability in next quarter

With commodity prices peaking out, major FMGC players in India expect a recovery in demand in both rural and urban markets going forward aided by price stability

Q1 earnings, inflation figures, global cues to dictate markets next week

Domestic equity market this week will be influenced by macro data announcements, including inflation number for June, first quarter earnings from companies, global trends and foreign funds movement

e-con Systems opens new site in Bengaluru, eyes $10 million funding

e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel

IL&FS approves Siva Shelters's proposal to restructure loan to subsidiary

Siva Shelters offers to pay 20% of settlement amount immediately on signing of agreement

Well begun, but US recession fears to hit Indian firms' foreign M&As

Bankers bullish on local acquisitions by India Inc in rest of FY23

Sanjiv Mehta appointed as president commissioner of Unilever Indonesia

Sanjiv Mehta will join Unilever Indonesia's board of commissioners and chair it in a non-executive capacity

Deadline 14 days, but time to decide on admitting insolvency cases goes on

Resolution professional in Anil Ambani insolvency case says that it had been more than a year since a suit for recovery was filed against the businessman

India defies global slump with a record $82 bn dealmaking spree in Q2

India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg

PwC India to buy salesforce consultancy Venerate Solutions for unknown sum

Deal aligns with PwC's move to invest in digital transformation and strategic alliances