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New York-headquartered Reservoir Media has raised its financial outlook after recording another quarter of double-digit revenue growth, despite some headwinds to the music rights company’s bottom line.In an earnings release on Tuesday…

Maruti Suzuki India Ltd reported a rise of 145.3 per cent in profit after tax (PAT) to Rs 2,485.1 crore in the quarter that ended June 30, 2023, from Rs 1,012.8 crore in the same period last year. The company reported a…

The standalone net profit of GAIL (India) for the first quarter of the current financial year (Q1YFY24) saw a fall of 51.56 per cent to Rs 1,412 crore, compared to Rs 2 915,19 crore for the corresponding quarter of the previous…

Cement-maker ACC Ltd on Thursday reported a 105 per cent jump in its consolidated net profit in the quarter that ended on June 30 at Rs 466.1 crore as compared to Rs 227.32 crore in the same quarter last year. The net profit was…

MBW’s Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights…

Axis Bank (Photo: Bloomberg) Axis Bank on Wednesday reported a 40.5 per cent in its standalone net profit in the quarter ended June at Rs 5,797.10 crore as compared to Rs 4,125.26 crore in the same quarter last year. In the previous…

Engineering conglomerate Larsen & Toubro (L&T) on Tuesday announced a buyback of up to Rs 10,000 crore. It also reported a 46.5 per cent year-on-year rise in net profit for the June quarter (Q1FY24), topping the estimates on…

Bajaj Auto posted a 41.35 per cent year-on-year (YoY) rise in its net profit for the quarter that ended on June 30, 2023, the company said in a BSE filing. However, the company registered a decline of 3.52 per cent in its profit on…

Illustration: Ajay Mohanty IDBI Bank saw its net profit for the first quarter of the current financial year (Q1FY24) jump 62 per cent year-on-year (YoY) to Rs 1,224.18 crore from Rs 756.36 crore in Q1FY23, the company stated in a BSE…

Recorded music revenues in Germany, the world’s fourth largest recorded music market, grew 6.6% YoY in the first half of 2023.That’s according to the market’s music industry association BVMI, which revealed this week that in H1, Germany…