S&P Ratings affirmed the ratings of Adani Ports and Special Economic Zone Ltd. and Adani Electricity Mumbai Ltd. while revising its outlook to 'Stable' from 'Negative', due to strong business fundamentals and robust cash flows.
Sony's India unit, Culver Max Entertainment Ltd., sent a termination letter to Zee, scrapping the deal citing the terms were not met. Investors will be jittery now, given that when the first report of Sony considering that deal prompted a 10% slide for the shares of the Indian broadcasters
ICICI Bank Ltd.'s third-quarter net profit grew 24% on higher other income and lower provisions, meeting estimates.
The private sector lender posted a profit of Rs 10,271 crore for the October–December period, compared with Rs 8,312 crore in the year-ago period.
HFCL Ltd. bagged a purchase order worth Rs 623 crore from a domestic telecom service provider.
The company received an order to supply 5G telecom networking equipment and the order needs to be executed by December 2024, an exchange filing said on Friday.
Hindustan Unilever Ltd.’s third-quarter profit rose but missed analysts' estimates on account of weak demand, especially in the hinterlands.
The consolidated net profit of India’s largest consumer goods maker increased 1.1% over the preceding year to Rs 2,508 crore in the quarter ended December, according to an exchange filing. That compares with the Rs 2,664.5 crore consensus estimate of analysts tracked by Bloomberg.