Overview
- ICICI Lombard reported December-quarter net profit of about Rs 659 crore, down roughly 9% year on year, even as net premium earned rose 12.7% and the combined ratio stood at 104.5%.
- Tata Elxsi posted a sharp profit decline after booking a one-time charge of about Rs 96 crore tied to India’s new labour codes, with revenue and operating profit improving sequentially.
- NLC India signed a non-binding MoU with the Gujarat government to develop solar, wind, hybrid and battery storage projects with an estimated investment potential of Rs 25,000 crore.
- Endurance Technologies said its eligibility for industrial promotion incentives has increased to Rs 859 crore, up Rs 252 crore, tied to investments at its Waluj unit.
- Paytm completed the acquisition of Fincollect Services from Urja Money and incorporated Paytm Europe Payments SA, while Just Dial reported a slight profit decline alongside higher revenue and EBITDA.