Diversified conglomerate ITC Ltd on Thursday posted a nearly four-fold jump in consolidated net profit to Rs 19,807.8 crore for the quarter ended March 31. Illustration: Dado Ruvic/Reuters It had reported a profit of Rs 5,013.18 crore in the year-ago
Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Photograph: PTI Photo from the Rediff Archives Most of these companies — such as Persistent Systems,
There’s no change in Apple Inc’s India strategy, said a top government source. ‘It can only be enhanced’. Photograph: Abdul Saboor/Reuters Just days after Apple Inc CEO Tim Cook had announced in a post-earnings analyst call that a majority
Fraud-hit IndusInd Bank on Wednesday reported a Rs 2,329 crore loss for the March quarter, its worst performance ever, as the interim management opted to go for a deep-clean exercise beyond recognising the impact of wrong accounting practices. Photograph: Anushree
InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand. Photograph: Danish Siddiqui/Reuters The company’s profit after tax in
‘We are looking at what kind of products, diagnostics or other solutions we can offer to become a well-rounded player in a particular disease area globally.’ IMAGE: Text. Photograph: Kind courtesy Zydus Lifesciences Ahmedabad-based Zydus Lifesciences has recently forayed into
India’s mango exports to the US are registering healthy growth, and irradiation operations at a key mango treatment facility in Mumbai have been normalised after a brief disruption due to a data recording error earlier this month, an official said
Bullish on growth prospects, Jaguar Land Rover aims to double its business in India over the next 3-4 years amid plans to bolster its product portfolio and sales network, according to a top company executive. Photograph: Francois Lenoir/Reuters With the
The Competition Commission of India on Tuesday approved Singapore’s Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is acquiring a stake in the target company. “The proposed transaction
With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance, regulatory, and industrial overhauls are undertaken. IMAGE: Laborers along the roadside eat a donated meal by
