The current free cash flow and cash in the bank are around Rs 77,889 crore for 2022–2023.
Updated : Aug 13, 2023

Adani Group's blueprint for zero refinance or systemic risk by 2025

The current free cash flow and cash in the bank are around Rs 77,889 crore for 2022-23. The current gross debt is around Rs 2.27 lakh crore against an asset base of Rs 4.22 lakh crore. In terms of leverage, the net debt to EBITDA ratio has gone down from 3.8x in 2021-22 to 3.3x in 2022-23.

The Traveller’s Map of India reflects the voice of almost every Indian traveller which makes it aptly commemorative of August 15th, said Rajesh Magow, Co-founder and Group CEO, MakeMyTrip.
Updated : Aug 13, 2023

MakeMyTrip partners with Tourism Ministry to showcase India's 600-plus offbeat destinations

MakeMyTrip said that to arrive at the curated shortlist, it looked through India's travel search history. With millions of visitors using the platform every month, the destination searches on the platform can be considered to be the nation's ballot for must-see destinations in the country

 “I'm optimistic that this turn in my career will lead me to an amazing opportunity! So, I am #opentowork and asking for your help," she said.
Updated : Aug 13, 2023

Amazon employee laid off after working for 9 yrs, says being part of layoffs is not easy

Staats wrote about the experience in one of her LinkedIn posts, “After 9 years, I bid farewell to #Amazon. Being part of the layoffs isn't easy, but I’m filled with gratitude. I am grateful for my time at Amazon and appreciate all I've learned and contributed to"

Updated : Aug 12, 2023

Medanta operator Global Health reports 73.75% YoY rise in net profit, shares rally

The Average Revenue Per Occupied Bed (ARPOB), a pivotal metric for measuring growth, demonstrated a 7.1 per cent year-on-year growth, reaching Rs 63,148

Adani Ports
Updated : Aug 12, 2023

Adani Ports appoints MSKA & Associates as new auditor following Deloitte's resignation

Deloitte's unwillingness to continue as APSEZ's statutory auditor led to the mutual decision to terminate the client-auditor relationship between the two parties

The Earnings Per Share (EPS) for Q1 of FY 24 is at Rs 11.27.
Updated : Aug 12, 2023

Amara Raja Batteries reports 14% increase in revenues over previous quarter in Q1 FY 24

The revenue growth was aided by healthy volume growth registered in the automotive after-market as well as from the telecom and UPS segments.

 The merger of HDFC and HDFC Bank became effective on July 1, and Q2FY24 will be the first quarter when the lender will report its results of the merged entity.
Updated : Aug 12, 2023

HDFC Bank CEO Sashidhar Jagdishan raises concerns over funding risk post merger at AGM

He added that the net interest margins (NIM) for the bank will drop September quarter onwards as the mortgage book of Housing Development Finance Corp (HDFC) carries a lower spread.

This is not the first time the airline has delayed results. The carrier delayed its FY22 results due to a ransomware attack
Updated : Aug 12, 2023

SpiceJet Q1 report: Low-cost carrier defers Q4 FY23, Q1 FY24 results till August 14

The carrier, promoted by Ajay Singh, elaborated that the company board could only partially complete the agenda items during its meeting on August 11. After that, it said that it would declare its Q1 results 2023 and Q4FY23 results together on August 14.

'Working to Restore' aims to inspire the current and next generation of entrepreneurs to work to find more solutions for people and the long-forgotten stakeholder Earth (Image: Reuters)
Updated : Aug 12, 2023

Beyond Greenwashing: The emergence of 'regenerative' business practices and how it is reshaping the way we look at profit

In her book ‘Working to Restore: Why We Do Business in the Regenerative Era’, Esha Chhabra cites such companies, who are taking the extra step to put people and the planet at the forefront of their strategies.

Patanjali Foods Q1 results: Net profit declines 64% to Rs 88 cr
Updated : Aug 11, 2023

Patanjali Foods Q1 results: Net profit declines 64% to Rs 88 cr

Total revenue from operations increased 7.7% to Rs 7,767 crore, while total expenses rose 9.3% due to higher purchases of stock-in-trade and employee costs

Xoriant acquires Thoucentric
Updated : Aug 11, 2023

Xoriant acquires specialised consulting firm Thoucentric to expand portfolio

California-based Xoriant aims to expand its existing portfolio by adding consultancy and enhancing the services it provides.

Coffee Day Global, a subsidiary of listed Coffee Day Enterprises, was promoted by the late VG Siddhartha
Updated : Aug 11, 2023

NCLAT Chennai stays NCLT Bengaluru order on Cafe Coffee Day, stock surges 2%

Malavika Hegde, the suspended Director of CDGL and wife of late VG Siddhartha, moved the Chennai bench of NCLAT against the NCLT order.

The stock of HAL was trading at Rs 3,770.85, down by 0.55 per cent, at 3.40 PM.
Updated : Aug 11, 2023

Hindustan Aeronautics Q1 earnings: Net profit surges 31% to Rs 814.1 cr, revenue up by 8.1%

The company has reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 880 crore during the April-June period

The company EBITDA stood at Rs 509.1 crore for the June quarter of FY24.
Updated : Aug 11, 2023

Apollo Hospitals Q1 net profit drops 47%, revenue up 16.4%

Total expenses surged 18 per cent YoY to Rs 4,181.9 crore, compared to Rs 3,545 crore in the year-ago quarter of last fiscal, which dragged down the profits.

 The company currently has over 120 properties in 70 locations comprising of nearly 11,600 rooms.
Updated : Aug 11, 2023

ITC Hotels demerger will sharpen capital allocation for ITC: CMD Sanjiv Puri

Ahead of its board meet on hotels biz demerger, Sanjiv Puri tells stakeholders about how ITC plans to grow the business

Further, the ITC Next Strategy - adopted by the company recently - is well equipped to tackle such risks and tweak its operations for the future threats.
Updated : Aug 11, 2023

Climate crisis existential threat; inflation adding to external risks: ITC's Sanjiv Puri

Not immune to the adverse impact climate emergency, persisting inflation, supply chain disruptions, muted demand conditions in some major economies and the impact of geo-political dynamics, says the ITC CMD at the AGM

Optimistic outlook: Half of VC investors foresee a rebound in start-up funding in 6-12 months
Updated : Aug 11, 2023

Indian start-ups, cheer up! VC investors foresee rebound in funding in 6-12 months

Report by Redseer says number of deals is expected to rise in 2024 to 1,000–1,200

CMD Sanjiv Puri said the demerged entity will have a 'royalty-like' arrangement for use of the other ITC brands and assets.
Updated : Aug 11, 2023

Hotel business demerger to sharpen capital allocation for ITC: CMD Sanjiv Puri at Annual General Meet

Speaking at the 112th Annual General Meeting, ITC CMD Sanjiv Puri said the continued interest of ITC in the demerged entity will provide long-term stability and instill a sense of assurance among partners, investors and employees.

Zerodha increases allocation to Rainmatter, says Nithin Kamath
Updated : Aug 11, 2023

‘Ability to stay invested forever’: Zerodha allocates Rs 1,000 cr to Rainmatter to back startups

Nithin Kamath said that they believe Zerodha grew as much as it did because they had the freedom to build what they thought was right without any pressure to grow quickly.

Kannan will serve as an Independent Director on the board
Updated : Aug 11, 2023

Wipro appoints NS Kannan as independent director on the board

Kannan will serve as an Independent Director on the board. He has over 30 years of experience in the financial services domain, including banking and insurance

SAIL Q1 results: Net profit falls 81% to Rs 150 cr
Updated : Aug 10, 2023

SAIL Q1 results: Net profit falls 81% to Rs 150 cr

Total expenses rose 5.6%, while revenue from operations barely rose at 1.4% to Rs 24,358 crore