financial performance

New Delhi/Mumbai, March 15 Air India has detected widespread discrepancies in the use of its employee leisure travel policy, involving more than 4,000 employees, and has initiated corrective actions, including imposing penalties on the erring staff, according to sources.The loss-making Air...

New Delhi, March 13 – The promoters of Godrej Properties Ltd have increased their stake in the company by 5% this fiscal year through the purchase of public shares worth Rs 2,674 crore in the open market, as they are optimistic about growth prospects amid strong demand for residential properties...

Shimla, March 12 The Horticultural Produce Marketing and Processing Corporation Ltd recorded an annual turnover of ₹111 crore and achieved a net profit of ₹6.65 crore for the financial year 2024-25, which reflects improved financial performance and effective management of the Corporation...

New Delhi, March 11 Indian oil marketing companies (OMCs) and GAIL (India) Limited could face cash flow pressures if disruptions linked to tensions involving Iran persist, particularly if the Strait of Hormuz remains closed or oil prices stay elevated for an extended period, according to Fitch...

New Delhi, March 9 Flipkart, which is set to go public, has shifted its domicile to India, having secured government approval for an internal restructuring that now makes Flipkart Internet the holding entity of the Group.The e-commerce giant, backed by Walmart, said it looks forward to the...

New Delhi, March 9 The Ministry of Civil Aviation informed the Rajya Sabha on Monday that, following privatization, Air India's workforce has been modernized through hiring, restructuring contracts, and offering exit options for employees without tenure."The employee base is younger, more...

New Delhi, March 9 State-owned India Infrastructure Finance Company Ltd (IIFCL) is set to cross the Rs 1 lakh crore loan book milestone in FY2026-27, driven by a strong project pipeline, its Managing Director Rohit Rishi has said."As of December 31, 2025, IIFCL's loan book stood at Rs 80,515...

Hamirpur (HP), March 6 BJP MP Anurag Thakur on Friday expressed concern over the low credit-deposit (CD) ratio in Hamirpur district and urged bankers to improve this ratio to help residents become more financially independent.Participating in the District Level Review Committee (DLRC) and...

New Delhi, March 6 Aye Finance, which listed on stock exchanges last month, reported an 87 per cent increase in net profit at Rs 43 crore for the quarter ended December 2025, on Friday.The non-banking financial company (NBFC) specializing in micro-enterprise lending had earned Rs 23 crore in...

New Delhi, March 5 AI firm Fractal Analytics has posted an 8.5 per cent growth in consolidated profit after tax at Rs 100 crore in the third quarter ended December 31, 2025.Fractal Analytics had reported a profit after tax of Rs 92.2 crore in the same period a year ago, the company filing said...

Mumbai, March 5 UPL Ltd announced on Thursday that after restructuring, it will continue to generate revenue from its specialty chemical arm, Superform, and formulations, ensuring that it remains a strategic operating holding entity with significant scale and size.The company added that UPL...

New Delhi, March 2 Sedemac Mechatronics, a manufacturer of powertrain controls and auto parts, has raised ₹326 crore from anchor investors ahead of the launch of its initial public offering for public subscription, according to an exchange update.The funds were allocated to 23 funds, including...

New Delhi, March 2 Non-banking financial companies (NBFCs) specializing in gold loans are expected to see healthy profitability in the medium term, with an estimated average return on managed assets (RoMA) in the range of 4.25-4.5 per cent next fiscal, according to a report.This increase in...

Mumbai, March 2 The profitability of non-banking financial companies (NBFCs) focused on gold loans is expected to remain healthy at 4.25-4.5 per cent in FY26 and FY27, driven by strong loan growth, improved operating leverage, and low credit costs, according to a Crisil Ratings report.The...

New Delhi, March 2 Mahindra & Mahindra said on Monday that it has decided to exit its Japanese agricultural machinery business as part of a portfolio rationalization following a strategic review.The board of Mitsubishi Mahindra Agricultural Machinery Co Ltd (MAM), which operates in Japan, has...

Kolkata, March 1 Arohan Financial Services announced on Sunday a significant increase in its net profit to Rs 36.48 crore for the quarter ending December 2025, compared to Rs 3.50 crore in the previous year.On a sequential basis, net profit rose by 87 per cent from Rs 19.53 crore in the...

New Delhi, March 1 Gross GST collection increased by 8.1 per cent to over Rs 1.83 lakh crore in February, driven by higher revenues from imports and improved domestic sales.Gross domestic revenue rose by 5.3 per cent to about Rs 1.36 lakh crore, while gross import revenue climbed by 17.2 per...

New Delhi, February 27 Private hospital revenue is expected to grow by 14-15 per cent in the next fiscal, driven by healthy occupancy and ongoing bed additions, according to Crisil Ratings.This will mark the fifth consecutive year of double-digit revenue growth, while revenue per occupied bed...

New Delhi, February 26 The digital payments giant, PhonePe, has reported strong revenue growth and a sharp decrease in losses over the past three fiscal years, indicating a shift towards sustainable monetization and operational efficiency, according to its draft red herring prospectus (DRHP)...

Washington, February 26 – NVIDIA CEO Jensen Huang stated that the global artificial intelligence boom has entered a decisive phase, asserting that computing power now directly drives revenue growth and national competitiveness.“In this new AI landscape, compute equals revenue,” Huang said on...