Infosys has collaborated with RXR Realty to build and deploy a comprehensive, award-winning smart building health and wellness solution running on Microsoft Azure.
Tata Consultancy Services (TCS) has launched a cloud-based Intelligent Subscription solution leveraging SAP Business Technology Platform,to help the media and publishing industry transform customer experience and shift to subscription-based order-to-cash processes for physical and digital content.
On a consolidated basis, Vedanta reported a net profit to Rs 7,013 crore in Q4 FY21 compared with a net loss of Rs 1,914 crore in Q4 FY20. Net sales increased by 43% year-on-year (YoY) to Rs 27,874 crore during the quarter, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPL and improved commodity prices.
On a consolidated basis, Vedanta reported a net profit to Rs 7,013 crore in Q4 FY21 compared with a net loss of Rs 1,914 crore in Q4 FY20.
Net sales increased by 43% year-on-year (YoY) to Rs 27,874 crore during the quarter, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPL and improved commodity prices.
EBITDA in Q4 FY21 was at Rs 9,107 crore, up by 88% from Rs 4,844 crore in Q4 FY20. EBITDA margin was at 38% as on 31 March 2021 as against 28% as on 31 March 2020.
The improvement in EBITDA was primarily due to higher volumes at Zinc India, Aluminium & Iron Ore business and higher commodity & oil prices in Q4 FY2021, partially offset by higher COP at Aluminium and steel business majorly due to input commodity inflation.
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Previous period figures have been regrouped or re-arranged wherever necessary to conform to current period s presentation
Revenue
Revenue for Q4 FY2021 was at ₹ 27,874 crore, higher 24% Q-o-Q & 43% Y-o-Y, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPL and improved commodity prices.
Revenue for FY2021 was at ₹ 86,863 crore, higher 4%, mainly due to higher volume at Zinc India, Aluminium business, Iron ore & Steel business, higher commodity prices & rupee depreciation in FY2021. This was partially offset by lower volumes at Oil & Gas and Skorpion mine being under care and maintenance, lower power sales at TSPL and lower oil prices.
Apr 16, 2021
SoftBank Group Corp. is investing $450 million in Swiggy, the second funding for the Indian food delivery startup in as many weeks as capital floods the world’s fastest growing internet arena.
The funding came from Masayoshi Son’s Vision Fund 2, a person familiar with the matter said. The financing awaits approval from Indian antitrust regulators, the person added, asking not to be identified talking about a private deal.
Bangalore-based Swiggy competes with multiple food delivery startups including fellow unicorn Zomato, backed by Ant Group Co. and Tiger Global, and the food delivery arm of Amazon.com Inc’s India unit, which recently unveiled its service to Prime members in dozens of zip codes in the city of Bengaluru, formerly Bangalore.