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Business News/ Companies / Companies News Today highlights on October 16, 2024: Axis Bank Q2 results preview: PAT likely to surge 8-9% YoY, NII to rise 11%
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Companies News Today highlights on October 16, 2024: Axis Bank Q2 results preview: PAT likely to surge 8-9% YoY, NII to rise 11%

29 min read . Updated: 16 Oct 2024, 09:55 PM IST
Livemint

Companies News Today highlights on October 16, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Companies News Today Live Updates: Axis Bank Q2 results preview: PAT likely to surge 8-9% YoY, NII to rise 11% (Reuters)Premium
Companies News Today Live Updates: Axis Bank Q2 results preview: PAT likely to surge 8-9% YoY, NII to rise 11% (Reuters)

Companies News Today highlights: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you're an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
16 Oct 2024, 09:55:31 PM IST

Company Results Today Live: Axis Bank Q2 results preview: PAT likely to surge 8-9% YoY, NII to rise 11%

  • In the previous June quarter, Axis Bank posted a net profit of ₹6,035 crore, reflecting a 4 per cent year-on-year increase, while net interest income grew by 12 per cent to ₹13,448 crore.
Read the full story here

16 Oct 2024, 09:47:40 PM IST

Company Business News Today Live: Weaver Services acquires Capital India Home Loans for ₹267 crore

  • Weaver Services is raising up to ₹800 crore from private equity players like Gaja Capital and Lok Capital to fund this acquisition as well as to grow its lending business, the company said in a statement.
Read the full story here

16 Oct 2024, 07:57:16 PM IST

Company News Today Live: BlackRock in talks with India's Jio Financial for private credit venture: Report

  • The two companies will form a 50-50 joint venture to lend to businesses ranging from large companies to startups, if talks materialise, the report said, adding that a final decision on the venture was yet to be made.
Read the full story here

16 Oct 2024, 07:50:50 PM IST

Company Business News Today Live: Mobile chipmaker Qualcomm eyes connected cars, AI apps to boost India revenue

  • Qualcomm’s hypothesis is based on market assessment that sees connected cars becoming ubiquitous on roads in the years ahead. In August last year, consultant McKinsey said that 95% of all new vehicles produced by 2030 would be ‘connected’.
Read the full story here

16 Oct 2024, 06:58:51 PM IST

Company News Today Live: Hope stirs in the fight to free the milk and sugar at Starbucks

  • Customers and baristas have been pining for a return of the condiment bar
Read the full story here

16 Oct 2024, 06:20:01 PM IST

Company Business News Today Live: IPO-bound Afcons Infra sees record order inflow

  • The Shapoorji Pallonji Group firm has recieved order inflows to the tune of ₹19,000 crore in the first half of FY25
Read the full story here

16 Oct 2024, 06:11:28 PM IST

Company News Today Live: Musk’s SpaceX sues California regulator over rocket launches

  • The suit, filed Tuesday in California’s central district, marks the billionaire’s latest volley in a long-running feud with the Golden State.
Read the full story here

16 Oct 2024, 05:51:44 PM IST

Company Business News Today Live: How storytelling platform Pratilipi scripted a rare hit

  • Shelja Shrivastava, who writes in Hindi, is among the top authors on Pratilipi’s platform. A part-time professor and homeopathic doctor, Shrivastava writes between 4,000 and 5,000 words a day. How much does she earn?
Read the full story here

16 Oct 2024, 05:29:03 PM IST

Company News Today Live: Luxury’s last growth engine has stalled

  • A sudden slowdown in Chinese demand reported by Louis Vuitton’s owner is a bad sign for the luxury industry.
Read the full story here

16 Oct 2024, 04:51:16 PM IST

Company Results Today Live: Bajaj Auto Q2 Results: Net profit rises 9.2% YoY, revenue crosses ₹13k for first time, highest-ever EBITDA registered

  • Bajaj Auto Q2 Results: Net profit rises 9.2% YoY, revenue crosses ₹13k for first time, highest-ever EBITDA registered
Read the full story here

16 Oct 2024, 04:48:25 PM IST

Company Business News Today Live: Airbus to cut nearly 2,500 jobs in defence and space sector amid cost challenges

  • Airbus, which employs 35,000 people in its defence and space divisions, is taking steps to manage rising costs and delays in defence projects.
Read the full story here

16 Oct 2024, 04:32:06 PM IST

Company Results Today Live: L&T Tech Services Q2 Results: Net profit rises 1.3% to ₹319.6 crore, revenue up 8% YoY; dividend declared

  • L&T Tech Services Q2 Results: Net profit rises 1.3% to ₹319.6 crore, revenue up 8% YoY; dividend declared
Read the full story here

16 Oct 2024, 04:29:30 PM IST

Company Results Today Live: South Indian Bank Q2 results: Net profit rises 18% to ₹325 crore, income at ₹2,804 crore

  • The bank's total income grew to ₹2,804 crore for the quarter, up from ₹2,485 crore in the corresponding period a year ago, as per its regulatory filing.
Read the full story here

16 Oct 2024, 03:48:33 PM IST

Company Results Today Live: Infosys Q2 Results Preview: Revenue growth seen at 3.7% on deal ramp-ups; PAT may rise 5.8% QoQ

  • Infosys Q2 Results Preview: Infosys’ revenue is expected to grow 3.74% to ₹40,785 crore from ₹39,315 crore in the previous quarter, according to a Livemint poll.
Read the full story here

16 Oct 2024, 03:46:32 PM IST

Company News Today Live: Nvidia will dominate Big Tech’s earnings season again

  • Capital spending by Microsoft, Google, Amazon and Meta is expected to keep surging, while Apple’s AI debut gets clouded.
Read the full story here

16 Oct 2024, 03:46:28 PM IST

Company Business News Today Live: Rashmi Saluja may have won the battle, but the war is still on

  • Rashmi Saluja secured enough votes to be reappointed as the chair of Care Health Insurance, which is owned by Religare Enterprises, also chaired by her. But Care Health’s two other promoter groups didn’t tag along.
Read the full story here

16 Oct 2024, 03:31:14 PM IST

Start-ups Today Live: Saas startup Everstage raises $30 million from Eight Roads Ventures, others

  • The company said it will use the fresh funds for product innovation and invest in improving its customer experience services.
Read the full story here

16 Oct 2024, 03:30:13 PM IST

Company News Today Live: Jet Airways resolution plan: Supreme Court reserves decision on airline's future

  • The Supreme Court's judgment could either set aside JKC’s bid for failing to meet key obligations, paving the way for a new resolution plan, or push the airline into liquidation
Read the full story here

16 Oct 2024, 03:00:52 PM IST

Company News Today Live: Blinkit introduces ‘10-minutes’ return, exchange for clothing, and footwear challenging fashion e-commerce companies

  • Initially tested in Delhi-NCR, the service has now expanded to Mumbai, Bangalore, Hyderabad, and Pune, with plans to roll out in more cities soon.
Read the full story here

16 Oct 2024, 12:03:08 PM IST

Company News Today Live: Adani Group delays $1.5 billion worth 20-year Green Bond sale amid market conditions

  • Adani Group has delayed a $1.5 billion green bond sale initially marketed at 7 per cent. The funds were intended for foreign-currency loan repayment. The deal may return post-November state elections as the conglomerate seeks to rebuild investor confidence after a significant stock rout in 2023.
Read the full story here

16 Oct 2024, 11:56:56 AM IST

Company News Today Live: Alibaba, Baidu invest in Chinese smart-driving tech company's near $700 million IPO

  • Alibaba and search-engine giant Baidu are investing in a nearly $700.0 million equity offering by a Chinese smart-driving firm, indicating rising demand for assets in the rapidly growing market for autonomous driving.
Read the full story here

16 Oct 2024, 11:22:11 AM IST

Company News Today Live: Who is Dane Stuckey, OpenAI's new Security Executive?

  • OpenAI has appointed Dane Stuckey, former CISO at Palantir, as co-chief information security officer alongside Matt Knight. This follows recent leadership changes at the AI startup after the departure of several senior staff.
Read the full story here

16 Oct 2024, 10:35:48 AM IST

Company Results Today Live: Rallis India Q2 Results Live: Profit Rise by 19.51% YOY

  • Rallis India Q2 Results Live: Revenue increased by 11.54% YoY & profit increased by 19.51% YoY
Read the full story here

16 Oct 2024, 10:35:43 AM IST

Company Results Today Live: PVR Inox Q2 Results: Loss at ₹11.8Cr, Revenue Decreased by 18.89% YoY

  • PVR Inox Q2 results: Revenue decreased by 18.89% YoY & loss at ₹11.8Cr
Read the full story here

16 Oct 2024, 10:35:37 AM IST

Company Results Today Live: SG Finserve Q2 Results Live: Profit Falls by 19.27% YOY

  • SG Finserve Q2 Results Live: Revenue decreased by 29.58% YoY & profit decreased by 19.27% YoY.
Read the full story here

16 Oct 2024, 10:35:27 AM IST

Company Results Today Live: Newgen Software Technologies Q2 Results Live: Profit Rises by 47.18% YOY

  • Newgen Software Technologies Q2 Results Live: Revenue increased by 23.16% YoY & profit increased by 47.18% YoY.
Read the full story here

16 Oct 2024, 10:35:21 AM IST

Company Results Today Live: Stylam Industries Q2 Results Live: Profit Rises by 7.43% YoY

  • Stylam Industries Q2 Results Live: Revenue increased by 12.3% YoY & profit increased by 7.43% YoY.
Read the full story here

16 Oct 2024, 10:35:16 AM IST

Company Results Today Live: HDFC Asset Management Company Q2 Results Live: Profit Rises by 32.09% YoY

  • HDFC Asset Management Company Q2 Results Live: Revenue increased by 37.96% YoY & profit increased by 32.09% YoY.
Read the full story here

16 Oct 2024, 10:35:11 AM IST

Company Results Today Live: Transchem Q2 Results Live: Profit Rises by 49.36% YOY

  • Transchem Q2 Results Live: Revenue decreased by 0% YoY & profit increased by 49.36% YoY
Read the full story here

16 Oct 2024, 10:35:08 AM IST

Company Results Today Live: Ceenik Exports India Q2 Results Live: Profit Rises by 3188.33% YOY

  • Ceenik Exports India Q2 Results Live: Revenue decreased by 0% YoY & profit increased by 3188.33% YoY.
Read the full story here

16 Oct 2024, 10:35:04 AM IST

Company Results Today Live: International Travel House Q2 Results Live: Profit Rise by 31.99% YoY

  • International Travel House Q2 Results Live: Revenue increased by 14.93% YoY & profit increased by 31.99% YoY
Read the full story here

16 Oct 2024, 10:34:56 AM IST

Company Results Today Live: DB Corp Q2 Results Live: Profit Falls by 17.64% YoY

  • DB Corp Q2 Results Live: Revenue decreased by 4.62% YoY & profit decreased by 17.64% YoY
Read the full story here

16 Oct 2024, 09:50:48 AM IST

Top Company Leader Today Live: Ratan Tata, ‘great son of India’, was a mentor to Akash Ambani: Nita Ambani in tribute speech

  • During Reliance Industries' Diwali dinner, Nita Ambani paid tribute to Ratan Tata, who recently passed away. She described him as a family friend and mentor, highlighting his contributions as a visionary and philanthropist.
Read the full story here

16 Oct 2024, 09:46:34 AM IST

Company Results Today Live: Q2 Results Today: Bajaj Auto, L&T Tech, CRISIL, Tips Music & Aditya Forge among 19 companies to post earnings on Oct 16

  • Q2 results today: Among the notable names reporting their earnings today are CRISIL, Tips Music, Aditya Forge, Bajaj Auto, and L&T Tech.
Read the full story here

16 Oct 2024, 09:25:17 AM IST

Company News Today Live: Billionaire Battle: India to allocate satellite spectrum, no auction after Musk criticises Ambani's auction push

  • India's government will allocate spectrum for satellite broadband administratively, rejecting auction proposals. This decision follows criticism from Elon Musk regarding rival Mukesh Ambani's auction push, amid a growing $1.9 billion market.
Read the full story here

16 Oct 2024, 06:31:48 AM IST

Company News Today Live: Federal judge allows states to sue Meta for teen mental health issues through social media addiction

  • Meta, Facebook's parent company, faces lawsuits from U.S. states alleging it contributes to teen mental health issues through addictive platforms. A judge rejected Meta's dismissal requests, allowing lawsuits to proceed, while also limiting some claims under federal law.
Read the full story here

16 Oct 2024, 06:10:20 AM IST

Company Business News Today Live: BPEA Credit set to raise largest fund at $750 mn, rebrands to Ascertis Credit

  • The size of its previous funds was $161 million, $221 million, $475 million and $600 million. With over 40 exits across its funds, the firm claims to have clocked returns in the high teens.
Read the full story here

16 Oct 2024, 05:30:20 AM IST

Company News Today Live: Temasek to acquire Rebel Foods stake for $180-200 million

  • This secondary stake purchase comes ahead of the company’s planned initial public offering which is likely to happen over the next 12-18 months.
Read the full story here

16 Oct 2024, 05:30:19 AM IST

Company News Today Live: Adani plans to invest $3 bn to kickstart semiconductor biz via JVs with two Israeli firms

  • Adani Group has drawn an overall investment plan worth $7-8 billion for semiconductor business. The group is in advanced talks to forge JVs with two Israeli firms to kickstart its first semiconductor facility with an initial investment of around $3 billion.
Read the full story here

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