Thu, Feb 1, 2024 1:33 PM
Direct benefit transfer helps govt save Rs 2.7 lakh crore
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Zee Entertainment Ltd. reported its October to December quarter results on Thursday, January 23, which saw its net profit increase multi-fold from last year, revenue declined but margins expanded. The company's net profit increased from last year to ₹163.6 crore. The same was ₹53.3 crore in the corresponding quarter of last fiscal.
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HPCL on January 23 reported 471 percent surge in standalone net profit at Rs 3,023 crore for the quarter ended December 31, 2024 on account improved margins and weak base. It reported net profit of Rs 529 crore in the year-ago period. The state-run oil retailer's total income rose marginally to Rs 1,19,415 crore in Q3FY25 as against Rs 1,19,000 in the year-ago period.
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IIFL Fintech Fund, the early-stage investment arm of IIFL Group, has closed its second fintech fund at Rs 200 crore ($23 million), targeting new-age fintech companies, including those in generative artificial intelligence, after its first fund delivered 22.5x revenue growth and an 80% return on investment in one exit.
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