Reliance Industries Reliance and Viacom18 announced a strategic partnership with Bodhi Tree Systems, which is a platform of James Murdoch’s Lupa Systems and Uday Shankar, to form one of the largest TV and digital streaming companies in India Indian Hotels CoThe company posted a net profit of Rs 74.19 crore in Q4 FY22 as compared … Read more

Schaeffler India The company recorded a massive 48.4 percent year-on-year growth in profit at Rs 207 crore for the quarter ended March 2022, driven by topline as well as operating performance. Revenue from operations rose 19 percent YoY to Rs 1,567.5 crore during the quarter and EBITDA grew by 45 percent in the same period. … Read more

Aarti Industries Life Insurance Corporation of India (LIC) acquired additional 2.24 lakh equity shares in the company through open market transactions on April 22. With this, LIC’s stake in the company stands increased to 5.03 percent, up from 4.97 percent earlier Mahindra CIE Automotive Profit in the quarter ended March 2022 grew by 1,499 percent … Read more

ICICI Bank The country’s second-largest private sector lender reported a 59.4 percent YoY growth in standalone profit at Rs 7,019 crore in the quarter ended March 2022 as compared to CNBC-TV18 Poll estimate of Rs 6,629.7 crore. Net interest income grew by 21 percent YoY to Rs 12,604.6 crore in Q4FY22 Tata Motors The auto … Read more

HCL Technologies The IT firm reported a 226 percent YoY jump in net profit at Rs 3,593 crore for the fourth quarter ended March 31, 2022. In the corresponding quarter last year, the company posted a net profit of Rs 1,102 crore. CNBC-TV18 Poll had predicted a profit of Rs 3,334 crore for the quarter … Read more

Nykaa Aveda partners with Nykaa, to launch Prestige salons in India. Tata Elxsi Design and technology services provider Tata Elxsi reported a 39 percent YoY rise in net profit at Rs 160 crore for the fourth quarter ended March 31, 2022. In the corresponding quarter last year, the company posted a net profit of Rs … Read more

Reliance Industries Reliance Brands Ltd signed an agreement to invest in India’s foremost couturiers Abu Jani and Sandeep Khosla for a 51 percent majority stake. Larsen & Toubro Infotech The IT services company registered a 4 percent sequential growth in profit at Rs 637.5 crore led by higher other income and revenue also grew by … Read more

Mindtree The IT company reported a 49 percent year-on-year (YoY) jump in net profit at Rs 473.1 crore for the fourth quarter ended March 31, 2022. In the corresponding quarter last year, the company posted a net profit of Rs Rs 317 crore. Its EBITDA margin of 20.9 percent and PAT margin of 15.7 percent … Read more

Tata Power BlackRock Real Assets, together with Mubadala, will invest Rs 4,000 crore ($525 million) for a 10.53 percent stake in the company’s subsidiary Tata Power Renewables. The investment has taken a base equity valuation of the subsidiary to Rs 34,000 crore. HDFC Bank The bank reported a profit after tax of Rs 10,055.20 crore, … Read more

Anand Rathi Wealth Profit in Q4FY22 grew at a healthy space, rising 239 percent year-on-year to Rs 35 crore and revenue increased 49 percent YoY to Rs 115 crore with assets under management growing strong by 23 percent to Rs 32,906 crore compared to the year-ago period. Hathway Cable & Datacom The digital cable TV … Read more