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

Tata Consultancy Services Even as Q4 FY22 profit of Rs 9,926 crore missed the CNBC-TV18 poll estimate, the revenue of Rs 50,591 crore surpassed the poll estimate by a small margin. TCS order book for Q4 is the highest ever at $11.3 billion. The company has signed 2 mega deals signed in the reporting quarter … Read more

Veranda Learning Solutions The company will make its debut on the bourses today. Shoppers Stop The company has completed the further sale of 19.50 percent of its stake in Crossword Bookstores. Accordingly, the company’s equity stake in Crossword stands reduced to 29.50 percent. In October 2021, Shoppers Stop had sold a 51 percent stake in … Read more

Sobha The company achieved a total sales volume of 1.34 million square feet of super built-up area and the highest ever realisation of Rs 1,109.6 crore for the quarter ended March 2022, against 1.33 million square feet of super built-up area and realisation of Rs 1,072 crore in the year-ago period. Cholamandalam Investment and Finance … Read more

Uma Exports The company will make its debut on the bourses today. HDFC Bank The lender’s board of directors will consider raising up to Rs 50,000 crore through bonds on April 16. Motherson Sumi Systems The company has completed the acquisition of a 55 percent stake in CIM Tools, one of the leading suppliers in … Read more

Adani Enterprises The company will consider raising funds on Friday, April 8. Tata Steel Tata Steel India achieved highest-ever annual crude steel production of 19.06 million tons, with a growth of 13 percent YoY. Tata Steel India deliveries increased by 6 percent YoY in FY22, surpassing the previous best recorded in FY21. Tata Steel Europe … Read more