Page 13 - Indian Companies

Productivity not deterred by shift to remote work amid Covid-19: Survey

In general, most organisations are desperate for more productivity

How DRDO's tech comes in handy to ramp up medical oxygen output

The compressed air is expanded in a turbine so that refrigeration is produced.

IT players to telco giants, a clutch of Indian firms gunning for 5G market

A clutch of Indian companies is readying to make products and solutions for state-of-the-art telecom networks in India and abroad

Vedantu eyes $200 mn run rate, to hit profitability by June next year

Online live tutoring platform Vedantu on Friday said it expects its revenue run rate to more than double to USD 200 million and hit profitability by June next year. Vedantu, which competes with players like Byju's, has seen month-on-month revenue growth of 50 per cent in April and May this year. Its revenue grew 4x in May 2021 over last year and its current revenue run rate is at about USD 60 million. "Currently, Vedantu is at cash flow profitability of more than 15 per cent on the unit level and is looking at achieving a USD 200 million run rate in the next 12 months with overall company profitability. The platform has a strong community of over 30 million registered users and added 22 million new users since the pandemic began," a statement said. It added that personalised access, interactive classes, and 24/7 customised content have resulted in "4X annual growth in paid subscribers to more than 200,000". Vedantu said it has witnessed majority adoption from outside the top 10 ci

Headless NCLT awaits reforms to speed up resolution of pending cases

Over 20K cases pending and more than half linked to insolvency, bankruptcy

Covid-19 pandemic: Real-time cyber watch by enterprises on the rise

Pandemic has alerted the market to view cybersecurity as a necessary investment, not just an IT project: HCL Tech

Orios Venture announces final close of $30 mn follow-on investment fund

Launched in 2014, Orios Venture Partners has notable portfolio companies including Pharmeasy, GoMechanic, Country Delight, Beato, Mobikwik, among others.

PTC India posts 4% increase in net profit at Rs 49.77 cr for March qtr

PTC India on Thursday posted a nearly 4 per cent increase in consolidated net profit at Rs 49.77 crore for the March quarter, helped by higher revenues.

Q2 countdown: Pause over, India's consumption story moving fast again

Unlock, good monsoon, better pace of vaccination and rural demand could galvanise recovery

MCA expands small firm definition, raises turnover and borrowing limits

This would enable a wider set of companies to avail of greater flexibility in the accounting standards, according to a notification issued on Wednesday

Vaccine economics: Only pros, no cons

Vaccines are an amazing deal. Use the market to deliver more, more quickly

Advance tax collection: Automobile, IT firms lead surge in April-June qtr

Maruti Suzuki, Hero MotoCorp, TCS, and Infosys reported a jump between 44 per cent and 200 per cent in the April-June quarter of this financial year on account of a low base

Firms' m-cap grew fastest in 2020 despite GDP contraction: SBI economists

Indian firms' market capitalisation grew at the fastest pace last year among major economies despite contraction in GDP, economists from SBI said, flagging the risks to financial stability it poses

Asian Paints vice chairman Manish Choksi joins Bizongo Advisory board

Bizongo, a B2B platform for unbranded goods, on Monday said it has created an advisory board and onboarded Asian Paints Vice Chairman Manish Choksi to the panel. The industry veteran brings with him over three decades of entrepreneurial and leadership experience in strategic integration of technology with a sharp focus on business expansion and growth across global markets, a statement said. Bizongo, which recently closed its series C funding of USD 51 million, is gearing to transform into a sustainable global institution as it expands in emerging markets of South East Asia, such as Thailand, Indonesia, Malaysia and Vietnam and starts servicing the developed markets of US, Middle East, Europe, it added. "With Choksi's counsel, Bizongo aims to ramp up its efforts across digital vendor management, supply chain automation, and supply chain financing. In parallel, the company is also focusing on creating a stronger portfolio of unbranded products that are not limited to packaging and ..

Siva lenders to receive Rs 5 crore cash upfront, take 94% haircut

To receive Rs 318 crore of total dues amounting to Rs 4,863 crore

We didn't expect flood of insolvency cases, says IBBI chairman M S Sahoo

He also said that not many applications had been filed under the prepackaged scheme brought in for micro, small and medium enterprises (MSMEs)

Genpact plans to hire, train and support coronavirus-hit workforce

Launches 'Rise Together' to train prospective employees cutting across age groups

Global tax, local complexities: What G7 corporate tax deal means for India

The recent G7 proposal of a global minimum tax has mixed implications for Indian corporations, foreign majors operating here and the tax authorities

Essar Shipping board to meet again to approve financial results

Essar Shipping on Wednesday said that its board could not approve the financials for the March quarter and the year ended March 31, 2021 due to unavoidable circumstances in finalisation of accounts

Top 100 companies' share in cash market turnover drops over the last year

Now below 50%, compared with 75% a year ago