Mumbai, April 13 (IANS) ICICI Prudential Asset Management Company on Monday reported a 16.76 per cent quarter-on-quarter (QoQ) decline in its net profit for the fourth quarter (Q4) of FY26.The company’s net profit came in at Rs 763.42 crore for Q4 FY26, down from Rs 917.09 crore in the December quarter (Q3 FY26), according to its stock exchange filing.However, on a year-on-year (YoY) basis, profit rose 10.37 per cent compared to Rs 691.71 crore reported in the same quarter last financial year …
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Mumbai, March 12 (IANS) Shares of InterGlobe Aviation Limited, the parent company of IndiGo airline, fell sharply on Thursday, after global brokerage firm Citi lowered its price target for the stock.The brokerage cut its target price by about 10.5 per cent to Rs 5,100 per share from the earlier Rs 5,700.Despite the reduction, Citi maintained its “buy” rating on the stock. The revised target still suggests a potential upside of around 17 per cent from the stock’s previous closing price.Acco…
New Delhi, Jan 30 (IANS) Bhavish Aggarwal-run electric two-wheeler company Ola Electric on Friday announced to lay off approximately 5 per cent of the workforce owing to the “ongoing structural transformation”.In a statement, the company said it is “doubling down on speed and discipline through increased automation across its frontend operations”.“As part of this ongoing structural transformation, approximately 5 per cent of the workforce will be impacted,” Ola Electric said.It furth…
Mumbai, Dec 26 (IANS) Quick commerce company Zepto saw its losses widen significantly in the financial year 2024–25 (FY25) even as its sales more than doubled.According to the company’s audited financial statements, Zepto reported total sales of Rs 9,668.8 crore in FY25, a sharp jump of 129 per cent from Rs 4,223.9 crore in FY24.However, its net loss expanded much faster, rising 177 per cent year-on-year (YoY) to Rs 3,367.3 crore, compared with a loss of Rs 1,214.7 crore in the previous year…