Corporates

Reliance Jio Q1 Results: Net profit rises to Rs 5,444 crore, revenue at Rs 26,478 crore

Reliance Industries’ telecom and internet arm Reliance Jio today announced its Q1 results. The company’s net profit for the April-June quarter came in at Rs 5,445 crore against Rs 5,337 crore in the previous quarter.

Wipro Q1 Results: Net profit grows 4.6% YoY to Rs 3,003 crore

Wipro’s Q1 net profit for the quarter rose 4.6% YoY to Rs 3,003 crore. The company’s revenue fell 3.8% YoY to Rs 21,964 crore.

Muthoot Microfin cuts interest rates by 35 bps, second reduction in this year

Muthoot Microfin today announced that it has decided to cut interest rates by 35 bps. This is the second rate reduction that company has introduced this year, previously in January Muthoot Microfinance reduced interest rates by 55 bps.

Paytm Q1 Results: Net loss widens further to Rs 840 crore, income drops 33% YoY

Paytm's net loss deepened to Rs 840.1 crore, compared to Rs 358.4 crore year-on-year and Rs 550.5 crore quarter-on-quarter.

CEAT’s Q1 net profit jumps 6.6% YoY, Margin falls 120 bps

Tyre manufacturer CEAT on Thursday reported a mixed set of Q1FY25 earnings. The company’s net profit grew 6.6% on a YoY basis to Rs 154.1 crore against Rs 144.6 crore posted in the same period last year.

HAL signs Rs 2,970 crore MoU with Aeronautical Development Agency for completion of LCA AF Mk-2

Defence major HAL (Hindustan Aeronautics Limited) today announced that it has signed a MoU (Memorandum of Understanding) with Aeronautical Development Agency (ADA) with regard to completion of LCA AF Mk-2 development.

Dr Reddy’s signs non-exclusive patent licensing agreement with Takeda Pharma for Vonoprazan tablets in India

Dr. Reddy’s today announced that it has entered into a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited ("Takeda") to commercialise Vonoprazan tablets in India.

Tata Technologies Q1 net profit declines 15.4% YoY

Tata Technologies reported a net profit of Rs 162.03 crore for the June quarter of FY25, marking a 15.4 percent decline from the same period last year.

JSW Infra’s Q1 net profit falls 8.9% YoY, revenue grows

JSW Infra’s Q1 net profit declined 8.9% on a YoY basis to Rs 292.4 crore against Rs 320.9 crore in the same period last year. However, the company’s revenue grew 15% on a YoY basis to Rs 1,009.8 crore.

Infosys ADR jumps 4.5% in pre-market trade on strong Q1 results, guidance

Infosys reported a strong set of Q1 earnings, leading its ADR to jump 4.5% in pre-market trade. Shares of Infosys too ended higher by 1.8% at Rs 1,758 on the NSE ahead of its Q1 earnings.

Aurobindo Pharma board approves buyback of 51 lakh shares worth Rs 750 crore at Rs 1,460

The board of Aurobindo Pharma has today approved a buyback of its shares via the tender route. The company said that it will buyback 51.4 lakh shares at Rs 1,460 per share. The total buyback size will be around Rs 750 crore

Radico Khaitan launches its award-winning Sangam World Malt Whiskey in India

Radico Khaitan announced that it has introduced the award-winning Sangam World Malt Whisky to the Indian market.

Asian Paints Q1 Results: Profit falls 25% YoY, misses estimates

Asian Paints reported a consolidated net profit of Rs 1,170 crore for Q1 FY25, marking a nearly 25% decline year-on-year.

Indian Oil raises Rs 2,500 crore, funds to be utilised for refinancing, capex

Indian Oil Corporation today announced that the company has raised Rs 2,500 crore via NCDs (Non-convertible Debentures).

Paytm announces partnership with global travel company FlixBus

FlixBus, a global leader in affordable and sustainable travel, which entered India earlier this year, has now announced a strategic partnership with Paytm, the country's leading payments and financial services distribution company.

Garden Reach Shipbuilders & Engineers win order worth Rs 840 crore