Business

The biopharmaceutical industry experiences a surge in mergers and acquisitions, with GlobalData reporting a significant increase in deal value. Big pharma companies drive this resurgence, focusing on specific drug classes like antibody-drug conjugates and radiopharmaceuticals. Notable acquisitions include Novo Nordisk's purchase of Catalent and Gilead Sciences' acquisition of CymaBay Therapeutics.

To call the transition of the last few years from in-office to remote work to hybrid a steep learning curve would be an understatement. However, the shift from simply surviving these changes to thriving as a result of them has created an unexpected but beneficial opportunity for businesses to overcome previous operational challenges and strengthen their company culture.

TVS Motor has made some changes to its popular electric scooter, the iQube. The Indian automaker has launched a new base variant and a new top-end variant at once. TVS launched the iQube electric scooter in India in May 2022 in three variants – iQube, iQube S and iQube ST. The three variants have now been increased to five, with the base iQube and the iQube ST getting new battery options.

Mobile phone users might have to spend notably more for their recharge packs after the general election, as reports indicate that telecom firms are gearing up for a fourth round of tariff hikes in recent times. According to a report by brokerage Axis Capital, a meaningful hike of approximately 25% by operators is anticipated soon.

Telecom operator Bharti Airtel on Tuesday posted a 31 per cent drop in consolidated profit to Rs 2,072 crore in the March quarter. The company had registered a profit of Rs 3,005.6 crore in the year-ago period. The consolidated revenue of operations increased 4.4 per cent to Rs 37,599.1 crore during the quarter under review from Rs 36,009 crore a year earlier.

Quick service restaurant operator Devyani International Ltd on Tuesday reported a consolidated net loss of Rs 48.95 crore in the fourth quarter ended...

Overall deal volumes jumped by 21% to 191 while the values declined by 37% to USD 9.4 billion in April compared to March. Adani Group's stake increase in Ambuja Cement and ACC was the most significant activity of the month. The deal outlook for 2024 remains positive with India's growth and investment opportunities.

Japanese car maker Suzuki Motor Corporation on Monday said it will continue to expand SUV portfolio in India to recover its overall market share in the passenger vehicle segment. The company, which currently has around 58 per cent stake in Maruti Suzuki India, said its net sales increased by 732.6 billion yen (15.8 per cent) year-on-year to 5,374.3 billion yen for the last financial year.

Online food delivery firm Zomato Ltd on Monday reported a consolidated net profit of Rs 175 crore in the March quarter on the back of higher revenue....

In the ever-evolving landscape of financial services, technology has become the cornerstone of innovation, efficiency, and customer service. Indian financial services company, Freecharge, offers over 100 million users a whole range of services, from purchasing gold and investing in mutual funds to paying utility bills and recharging their phones - all from the comfort of their digital devices. And this fast-moving company leverages Slack as its AI-powered platform for work, ensuring its team stays aligned, engaged, and productive, as it seeks to continue its growth in a competitive market.

Tata Motors on Friday reported over three-fold jump in consolidated net profit at Rs 17,528.59 crore in the fourth quarter e...

TVS Credit Services Ltd has reported a 33.43 per cent rise in its standalone net profit for the January-March 2024 quarter at Rs 148.29 crore, on acc...

India’s biggest automaker Maruti Suzuki on Thursday announced the launch of the 2024 Maruti Suzuki Swift. The Maruti Suzuki Swift is one of the compa...

Faced with cabin crew shortage, Air India Express on Thursday cancelled 74 flights and said Air India will operate services ...

Shares of TVS Motor Company on Thursday climbed over 6 per cent after the company's consolidated net profit increased 15 per cent for the fourth quar...

According to sources within the airline, the management on Wednesday terminated cabin crew members who took sick leave between Tuesday and Wednesday due to their unprofessional behaviour, which resulted in thousands of passengers facing inconvenience.

TVS Motor Company on Wednesday said its consolidated net profit increased 15 per cent to Rs 387 crore for the fourth quarter...

Pidilite Industries, which makes adhesives, sealants and construction chemicals, has reported a 6.44 per cent rise in consolidated profit after tax t...

Two-wheeler maker Hero MotoCorp Ltd on Wednesday reported a 16.3 per cent rise in consolidated profit after tax to Rs 943.46 crore in the fourth quar...

Auto components major Bharat Forge Ltd on Wednesday reported a 77.8 per cent rise in consolidated net profit at Rs 227.12 crore in the fourth quarter ended March 31, 2024, riding on higher sales. The company had posted a profit of Rs 127.74 crore in the corresponding period of the previous fiscal, Bharat Forge said in a regulatory filing.

The Indian auto retail sector recorded a robust 27 per cent year-on-year (YoY) growth for April 2024, according to the Federation of Automobile Dealers Associations (FADA) Vehicle Retail Data. The report highlights positive market sentiments, driven by stable fuel prices, a positive monsoon outlook, festive demand, and the marriage season.

Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a 22.75 per cent decline in consolidated net profit to Rs 110.64 crore in the fourth quarter ended March 31, 2024, impacted by higher expenses.