Companies

WSO2 completes $93 mn series E funding with investment from Info Edge

WSO2, with more than 800 customers in over 90 countries, has already established a strong presence in India

Adani market capitalisation rises for first time since Hindenburg report

Followed regulations while making investments: LIC

Phygital delivery helped cut digital divide during pandemic: Samagra CEO

Samagra, a mission-driven governance consulting firm, believes that governance can be the primary lever of change in creating large-scale impact through the use of technology

Deepak Fertilisers Q4 consolidated PAT rises 144% at Rs 283 crore

The company's PAT stood at Rs 115.80 crore during the corresponding quarter of 2020-21, Deepak Fertilisers and Petrochemicals Corporation said in a BSE filing

MakeMyTrip Q4 profit rises 8% to $12 mn; gross bookings exceed $1 bn

MakeMyTrip Q4 results 2022: The Nasdaq-listed firm had posted an adjusted operating profit of USD 11.1 million in the same quarter previous fiscal

PFC Q4 net profit rises nearly 10% to Rs 4,295 crore on higher revenues

The consolidated net profit of the company was at Rs 3,906.05 crore in the year-ago period, a BSE filing showed

APSEZ consolidated net profit declines 22% to Rs 1,033 crore in Q4

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,321 crore in the corresponding period of the previous fiscal, according to a BSE filing

Fairfax-backed Digit Insurance targets $5 billion in IPO valuation: Report

Digit has appointed Morgan Stanley and Indian investment bank ICICI Securities as bookrunners for the deal

Adanis commit $75 million in Borouge's $2-billion IPO, says report

Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO

Investment trust IndiGrid net profit in March qtr jumps 45% to Rs 99.80 cr

Infrastructure investment trust IndiGrid has posted over 45 per cent rise in its consolidated net profit at Rs 99.80 crore in the March quarter, mainly on the back of higher revenues.

ZincSearch raises $3.6 mn in seed funding led by Nexus Venture Partners

ZincSearch has amassed more than 7,900 GitHub stars in just five months, making it one of the fastest-growing open source enterprise projects of the last 12-months.

Uber to show drivers destination before they decide on trip request

Firm says it has raised rates to cushion impact of rising fuel prices on drivers' earnings

APM Terminals Pipavav's Q4 net profit increases 10% to Rs 72 crore

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) on Thursday reported a 10 per cent rise in net profit at Rs 72.4 crore for the quarter ended March 31, 2022.

Solar PV module manufacturer Waaree Energies bags orders worth $2.37 bn

Domestic solar PV module manufacturer Waaree Energies on Thursday said it has secured new orders worth USD 2.37 billion from customers in the domestic and international markets. The orders are for supplying high-efficiency bifacial solar panels of 540Wp (watt peak) and 600Wp, Waaree Energies said in a statement. These panels will be produced in Waaree's manufacturing facility using M10 and M12 cells. "These orders are consistent with the Indian government's vision of Atmanirbhar Bharat, and will bring in more than USD 2 billion in foreign exchange while creating hundreds of job opportunities. These orders will enable us in strengthening our market position as we diversify our clientele and expand into newer markets," said Hitesh Doshi, Chairman & Managing Director, Waaree Energies. Waaree currently has a 4GW PV module manufacturing capacity and plans to add another 5GW by December 2022. The 4GW solar cell manufacturing capacity is expected to be operational by March 2023. Waaree

Firms leaving Russia caving to public pressure, not making a difference

Many companies cut ties with Russia in response to the pressure to support Ukraine from governments, investors, consumers, competitors and the general public. Some even made hefty financial sacrifices

WEF 2022: Over 50 govt heads, 1250 leaders from pvt sector to meet in Davos

The World Economic Forum said the Annual Meeting 2022 will focus on 'history at a turning point', the theme of the summit

Walton family loses $27 bn in wipeout after Walmart cuts profit outlook

Walmart, controlled by the family, fell 11 per cent in New York trading after the Bentonville, Arkansas-based company reported earnings that lagged analysts' estimates

Greenko setting up world's largest RE storage plant at $3 bn investment

The project is expected to be commissioned by 2023, Kolli said

WEF 2022: How digitalisation of industries can improve quality of life

Digital transformation bringing out the best in humans, in collaboration with machines and algorithms.

Cost pressure

Higher cost can affect margins of listed firms