As part of the vertical split of Vedanta Ltd, shareholders will get 1 share of each of the five newly listed companies for every 1 share of Vedanta (Photo: Bloomberg) Mining conglomerate Vedanta Ltd will invest $6 billion across businesses that span from aluminium and zinc to iron ore, steel and oil and gas… Continue reading Vedanta lines up $6 billion across businesses to drive revenue growth | Company News
Tag: revenue
Punjab's GST collection rises 16.5%, excise revenue up 21% in FY24
Punjab finance minister Harpal Singh Cheema on Monday said the state has registered an increase of 16.5 per cent and 20.87 per cent in revenue from Goods and Services Tax (GST) and excise, respectively during the first four months of the financial year 2023-24. The state’s GST collection stood at Rs 6,810.76 crore, and the… Continue reading Punjab's GST collection rises 16.5%, excise revenue up 21% in FY24
Revenue from ticket sales at ASI monuments stands at Rs 252.8 cr: Govt
The total revenue earned from centrally-protected ticketed monuments in India in the financial year 2022-23 stood at Rs 252.85 crore, the government informed Parliament on Monday. In a written response in the Lok Sabha, Union Minister of Culture G Kishan Reddy said the total revenue earned from centrally-protected ticketed monuments in the financial… Continue reading Revenue from ticket sales at ASI monuments stands at Rs 252.8 cr: Govt
Gland Pharma posts 41% jump in quarterly revenue on Cenexi acquisition
HYDERABAD (Reuters) – Indian generic injectables maker Gland Pharma Ltd reported a 41% jump in first-quarter revenue on Monday, aided by its acquisition of French pharmaceutical group Cenexi. The Hyderabad-based company, which draws the bulk of its revenue from the United States, Europe, Canada, Australia and New Zealand, said revenue jumped to 12.09… Continue reading Gland Pharma posts 41% jump in quarterly revenue on Cenexi acquisition
Metropolis Healthcare eyes 60% revenue from B2C business in next 2-3 years
Mumbai-headquartered diagnostic services provider Metropolis Healthcare is eyeing 60 per cent of its revenues from the business-to-consumer (B2C) segment in the next two-three years. The company’s current share in the segment is 52 per cent. As Metropolis focuses on aggressive network expansion, it has been growing its B2C segment. This includes both the prescription-led… Continue reading Metropolis Healthcare eyes 60% revenue from B2C business in next 2-3 years
Macrotech eyes Rs 12k-cr sales revenue from land parcels in MMR, Bengaluru
Realty firm Macrotech Developers Ltd has acquired five land parcels in Mumbai region and Bengaluru during April-June quarter to develop housing projects with a revenue potential of Rs 12,000 crore. Macrotech Developers MD and CEO Abhishek Lodha said the company has added new projects worth Rs 12,000 crore in the first quarter of… Continue reading Macrotech eyes Rs 12k-cr sales revenue from land parcels in MMR, Bengaluru
Apple India revenue grows double digits to hit June qtr record: Tim Cook
Despite a 1 per cent year-on-year (y-o-y) dip in Q3 revenue, India continues to shine as a top-performing market for iPhone manufacturer Apple. According to Tim Cook, Apple’s chief executive officer, the company’s Indian operations recorded double-digit y-o-y growth and set a quarterly record in the June quarter, fuelled by robust iPhone sales. … Continue reading Apple India revenue grows double digits to hit June qtr record: Tim Cook
Amazon crosses Wall Street’s estimates, posts $134 bn revenue in Q2
Amazon.com Inc on Thursday reported sales growth and profit ahead of Wall Street’s expectations, as the company delivered goods faster and cheaper to shoppers and as recent cloud-computing headwinds began to subside. Shares of Amazon rose about 11 per cent in early trade. Facing an array of challenges, Amazon has aimed to… Continue reading Amazon crosses Wall Street’s estimates, posts $134 bn revenue in Q2
SC tells Oppo to pay 23% of sale revenue in India to Nokia till Aug 25
The Supreme Court on Friday dismissed Oppo’s challenge to the recent Delhi High Court Division Bench order directing Oppo to deposit 23 per cent of the amount generated from its sales in India for infringing upon Nokia’s patent. The HC order asked Oppo to furnish security payment of the India portion of the… Continue reading SC tells Oppo to pay 23% of sale revenue in India to Nokia till Aug 25
JK Tyre & Industries Q1 PAT jumps four-fold to Rs 153.87 cr, revenue up 2%
JK Tyre & Industries reported a four-fold surge year-on-year (y-o-y) in its consolidated net profit to Rs 153.87 crore in Q1FY24, bolstered by improved operational efficiencies and a consistent sequential rise in top line. Additionally, an exceptional item of Rs 34.5 crore in Q1FY23 contributed to the profit increase. The company’s revenue witnessed a… Continue reading JK Tyre & Industries Q1 PAT jumps four-fold to Rs 153.87 cr, revenue up 2%