1 / 10Paytm | The company on Thursday said that the RBI's actions are a big speed bump and that there will be a requirement to have some operational change for which work has started and till the time these operational changes are made, Paytm will pause the origination of new loans for a couple of weeks.
2 / 10Mahanagar Gas | City gas distributor on Thursday said it has acquired a 100% stake in Unison Enviro Pvt Ltd. This is the first-ever strategic acquisition that the company has made. The company has acquired 100% equity shares of Unison Enviro for a cash consideration of ₹562.09 crore, post which, Unison Enviro will become a wholly-owned subsidiary of MGL.
3 / 10Panacea Biotech | The company on Thursday said the United States Food & Drug Administration (USFDA) has classified the firm's Baddi facility in Himachal Pradesh as an "Official Action Indicated" (OAI). The facility was issued a form-483 by the drug regulator with nine observations in October, which were related to improvements in existing procedures.
4 / 10Mphasis | Mid-tier IT solutions company on Thursday reported a consolidated net profit of ₹373.6 crore for the December quarter, down 9.4% for the third quarter that ended December 31, 2023. The company's revenue from operations dipped 4.8% year-on-year to ₹3,337.95 crore. On a constant currency basis, revenue grew 1.6% quarter-on-quarter and declined 5.2% year-on-year.
5 / 10Indian Hotels | The company on Thursday reported a net profit of ₹476.9 crore, up 18.2% for the third quarter that ended December 31, 2023. The revenue increased by 16.5% from last year. EBITDA increased by 22.6% year-on-year, while margin stood at 37.3% from 35.4% last year. Revenue for the quarter was led by a 21% growth in room revenue.
6 / 10Hero MotoCorp | Two-wheeler maker on Thursday said its vehicle sales rose 22% to 4,33,598 units in January. In the year-ago period, the company's vehicle sales stood at 3,56,690 units. Domestic sales grew 20% to 4,20,934 units in the previous month as against 3,49,437 units in FY23. In the overall sales, motorcycle sales increased 21% to 3,02,056 vehicles compared to 3,33,638 units in January 2023.
7 / 10Bata | The company's consolidated net profit declined by 30% to Rs 58 crore in the December 2023 quarter against ₹83 crore a year ago. Its revenue from operations was steady at ₹903 crore despite muted market demand, thanks to growth in premium categories. Overall expenses for the quarter were higher at ₹836 crore compared to ₹798 crore in the corresponding period last year.
8 / 10Abbott | Drug maker on Thursday reported a 26% year-on-year growth in net profit at ₹311 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Abbott posted a net profit of ₹246.8 crore. The company's revenue from operations increased 8.7% to ₹1,437 crore against ₹1,322.2 crore in the corresponding period of the preceding fiscal.
9 / 10Bandhan Bank | The bank on Thursday appointed former CEO of HDFC Sales, Santosh Nair, as the head of consumer lending and mortgages. Bandhan Bank’s Shantanu Sengupta will step down from the post of head of retail banking, the bank announced. However, he will assist the bank in a smooth transition and will leave the organisation in early FY2024–25 to pursue opportunities outside the bank.
10 / 10Titan: The Tata Group company reported revenue of ₹13,052 crore for the October to December period, almost in line with CNBC-TV18 poll projection of ₹13,175 crore. On a year-on-year basis, revenue increased by 20%. Titan sold gold ingots worth ₹120 crore compared to a sale of ₹315 crore during the same period last year.
