The Cabinet on Wednesday empowered boards of state-owned companies to decide on the closure and divestment of units/subsidiaries.
Indian Oil Corporation (IOC) on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit on a margin squeeze in petrochemicals and losses on auto fuel sales.
Abu Dhabi's International Holding Company PJSC (IHC) has invested Rs 15,400 crore ($2 billion) as primary capital in three Adani portfolio companies -- Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL).
Indian telecom operator Bharti Airtel Ltd on Tuesday reported a 22.3% jump in fourth-quarter revenue, boosted by a recent tariff hike.
Having committed over $955 million (around Rs 7,353 crore) to acquire 10 companies in the immediate past, Tech Mahindra will be less acquisitive in the new fiscal year and focus on integrating them, a senior company official said.
Swiss building material major Holcim has said its $6.38 billion deal with Asia's richest man Gautam Adani's group is tax-free.
Billionaire Gautam Adani's conglomerate plans to buy Switzerland-based Holcim AG's cement businesses in India for $10.5 billion (around Rs 81,361 crore). This will be the largest-ever acquisition. Under the deal, Holcim will sell its 63 per cent stake in Ambuja Cements to Adani Group. Adani will also inherit Ambuja's controlling stake in another publicly traded cement producer, ACC, and buy Holcim's direct 4.5 per cent holding in the unit.
IT services provider Tech Mahindra on Friday reported a 39 per cent jump in its consolidated net profit for March 2022 quarter at Rs 1,678.4 crore, and exuded confidence that the positive business momentum will continue in the current fiscal.
Swiggy Shuts Down: Food delivery platform Swiggy has announced that it will scale down operations of Supr Daily in five out of six cities to attain "business-market fit goals".
A Special Court on Monday deferred passing the order on bail petitions of Chitra Ramkrishna and Arvind Subramanian in connection with the NSE co-location case for May 12.
Leading multiplex chain operator PVR Ltd on Monday reported narrowing of its consolidated net loss to Rs 105.49 crore for the fourth quarter ended in March 2022.
Campus share price: Shares of athleisure footwear company Campus Activewear Ltd made a healthy market debut on Monday, jumping over 23 per cent, against the issue price of Rs 292.
Foreign funds' ownership in domestic equities fell to pre-Covid lows and hit a multi-year low of 19.5 per cent in March this year in NSE500 companies
Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt
FICCI's latest survey reports an improvement in the confidence level of India's corporate sector with overall business confidence index at 67.6