Company News

Grasim Industries Q1 result: Net profits down 56.1% YoY, revenue down 14%

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During the quarter that ended in June, the company's standalone operating revenue decreased 14% year over year to Rs 6,237.55 crores from Rs 7,253.04 crores in Q1FY23.

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• IIFL News Service |
• 11 August, 2023 |
• 7:25 PM

JPMorgan Chase establishes new locations in Bengaluru and Mumbai

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The two new campuses will provide their employees with cutting-edge technology, flexible, efficient, and inclusive workspaces that are driven by sustainability and overall well-being.

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• IIFL News Service |
• 09 August, 2023 |
• 7:22 PM

PwC quits as Paytm Payments Services' auditor, the stock falls by around 3%

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It is significant to note that the resignation was not prompted by any worries or issues voiced by the Statutory Auditors.

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• IIFL News Service |
• 08 August, 2023 |
• 7:20 PM

Another senior executive leaves Infosys as EVP Richard Lobo leaves the comp...

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The filing stated that August 31 will be his last day working for the company.

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• IIFL News Service |
• 07 August, 2023 |
• 7:19 PM

SAT sidelines SEBI's decision to fine Reliance Industries 25 crores

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The appellate tribunal contends that Ambani did not violate any regulations and that the regulator lacked the power to impose the punishment.

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• IIFL News Service |
• 31 July, 2023 |
• 7:09 PM

International banks may be looking to lend $600-750 million to Adani Group

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The loan of up to $750 million would be a component of that larger refinancing if it were to be finalized. The figures may fluctuate since the negotiations are still ongoing.

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• IIFL News Service |
• 28 July, 2023 |
• 7:04 PM

TCS increases salaries, resulting in a 200-bps drop in operating margin

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In its most recent annual salary review, the company increased the pay of excellent performers by 12 to 15% and started the promotion cycle.

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• IIFL News Service |
• 13 July, 2023 |
• 6:43 PM

HDFC Life receives a Rs 942 crore GST demand notice

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HDFC Life stated that the input tax credit (ITC) dispute is an issue that affects the entire industry and that the business will take the proper actions in due course to respond to the show cause notice and contest the matter.

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• IIFL News Service |
• 26 June, 2023 |
• 6:19 PM

RIL receives RBI approval to retain extra $2 billion from lenders

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More than 30 banks participated in the loan syndication, which was finished at the end of March.

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• IIFL News Service |
• 21 June, 2023 |
• 6:12 PM

Reliance Power delivers a better offer to lenders of Vidarbha Industries

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The lenders received an early offer from CFM ARC of Rs 1,120 crore, followed by offers from NARCL of Rs 1,150 crore and Reliance Power of Rs 1,200 crore.

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• IIFL News Service |
• 20 June, 2023 |
• 6:10 PM