Company India NEWS. Stock Market NEWS Updated Daily

Company India NEWS. Stock Market NEWS Updated Daily

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Company India NEWS. Stock Market NEWS Updated Daily

Jio Financial Services Q4 results: Net profit jumps 6% to Rs 311 crore

Jio Financial Services Q4 results: Net profit jumps 6% to Rs 311 crore

Jio financial services shares on friday ended 2.17% lower at rs 370 on bse
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Vodafone Idea FPO: Issue subscribed nearly 49% a day before its close

Vodafone Idea FPO: Issue subscribed nearly 49% a day before its close

The fpo proceeds and the recent rs 2,075-crore preferential issuance made to the promoter aditya birla group is expected to give a few more years of runway to the beleaguered telecom operator
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

HDFC Bank stock gains more than 2.5% ahead of March quarter results

HDFC Bank stock gains more than 2.5% ahead of March quarter results

Increase in fpi legroom seen as key trigger
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Air India flights to Tel Aviv will remain suspended till April 30

Air India flights to Tel Aviv will remain suspended till April 30

Air india on friday said its flights to and from tel aviv will remain suspended till april 30 amid tensions in the middle east. the airline operates four weekly flights between the national capital and the israeli city. "air india flights to and from tel a
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

PE, VC investments decline marginally to .5 bn in March quarter: Report

PE, VC investments decline marginally to .5 bn in March quarter: Report

Investments by private equity and venture capital funds have declined by 1 per cent year-on-year to usd 13.5 billion in the march 2024 quarter, according to a report. however, it was 41 per cent higher compared to the preceding december quarter, the report
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Motilal Oswal Financial Services shares gain over 7% on bonus proposal

Motilal Oswal Financial Services shares gain over 7% on bonus proposal

The company's shares ended at rs 2,236, up 7.4 per cent over the previous close, valuing the company at rs 33,315 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Hindustan Construction's Rs 350 crore rights issue oversubscribed 2.5 times

Hindustan Construction's Rs 350 crore rights issue oversubscribed 2.5 times

Hindustan construction company limited (hcc) on friday said its rights issue has been oversubscribed by 250 per cent, with the company receiving applications worth rs 877 crore against an issue size of rs 350 crore. the company, in a statement, said it has
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Massive fire breaks out at NTPC's superthermal power plant in Jharkhand

Massive fire breaks out at NTPC's superthermal power plant in Jharkhand

A massive fire broke out at ntpc's north karanpura superthermal power plant in jharkhand's chatra district on friday, officials said. the fire was first spotted around 2 pm, they said. "the fire broke out at the bhel material yard of unit 3 in the power pl
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Dell expects new hiring, economic growth to drive commercial PC sales

Pc maker dell technologies is banking on new hirings, replacements and growth in the indian economy to drive sales of its commercial devices this fiscal, a senior company said. while speaking at the launch of a new commercial personal computers portfolio,
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Cipla gets Rs 1.83 cr penalty for claiming inadmissible transitional credit

Pharma major cipla ltd on friday said it has been imposed a penalty of rs 1.83 crore by the gst authority for claiming inadmissible transitional credit on education cess. the company has received an order from the principal commissioner of cgst & central e
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Network18 Q4 results: TV news revenue up 28% to Rs 461 crore Y-o-Y

Revenue for the full financial year stood at rs 1,556 crore, up 24% from rs 1,252 crore at the end of fy23
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

HDFC AMC Q4 results: Net profit up 44% to Rs 541 crore, revenue up 29%

Shares for hdfc amc closed at rs 3,708 on friday ahead of its financial results
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

5-month-old Ekagrah Murty to earn Rs 4.2 cr with Infosys' bumper dividend

Ekagrah rohan murty, nr narayana murthy's five-month-old grandson who was gifted a whopping 15 lakh shares by the infosys founder recently, is set to earn rs 4.20 crore, thanks to the bengaluru-it company declaring a bumper final and special dividend total
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

State-owned Canara Bank fixes record date of May 15 for stock split

State-owned canara bank on friday said it has fixed may 15 as record date for determining shareholders' eligibility for stock split. the stock split is being done with an objective to improve liquidity of the stock. in february, the bank's board had approv
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Wipro Q4 results: Net profit drops 8% to Rs 2,835 cr, revenue down 4.2%

Wipro's shares closed at rs 452.85 on friday ahead of its financial results
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Hindustan Zinc Q4 results: Net profit drops 21% to Rs 2,038 crore

Revenue from the zinc mining business - the biggest segment - fell 16%, resulting in a 12% drop in overall revenue to rs 7,285 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

FSSAI to probe composition of Nestle's Cerelac baby cereals sold in India

The consumer affairs ministry on friday said it has asked the food safety regulator fssai to investigate the composition of nestle's cerelac baby cereals sold in india, amid a global report that claimed the company was adding higher sugar content in the pr
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

NBCC planning to set up its own NBFC to help save over 0 million

The indian government owns infrastructure financial institutions but no other state-run company has created a unit to help it finance projects
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Aurionpro Solutions to acquire 67% stake in Mumbai-based start-up Arya.ai

The acquisition, valued at approximately .5 million, will involve acquiring shares from existing shareholders and subscribing to new equity capital
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products

Consumer protection regulator ccpa has asked food safety and standards authority (fssai) to look into the claim of a swiss ngo, public eye and international baby food action network, that nestle was selling baby products with higher sugar content in less d
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Infosys to acquire German firm in-tech in 450 mn euro all-cash deal

Infosys will acquire a 100% stake in the german engineering r&d services provider, expanding its footprint in europe
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

NTPC Green inks pact with Indus Towers to develop renewable energy projects

State-owned power giant ntpc arm ntpc green energy ltd (ngel) on friday said it has signed an initial pact with indus towers ltd to address the need for pacing green energy objectives and the goi's efforts towards carbon neutral economy. the mou (memorandu
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

UAE firm eyes majority stake in Vedanta's Zambian mines in expansion drive

The zambian government owns 20% of kcm through state firm zccm-ih
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Inox Wind bags repeat order for 210 MW project from Hero Future Energies

Wind energy solutions provider inox wind on friday said it has secured a repeat order for 210 mw for its 3 mw wind turbine generators from hero future energies (hfe). additionally, inox wind will also provide post-commissioning multi-year operations & main
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Arbitrator rejects Sterlite Technologies' Rs 145 crore claim against BSNL

An arbitrator has rejected broadband technology company sterlite technologies' claims worth rs 145 crore against bsnl in an optical fibre cable laying project, a regulatory filing said on friday. sterlite technologies (stl) said that it is evaluating optio
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Yes Bank founder Rana Kapoor gets bail, walks out of jail after 4 years

Yes bank founder rana kapoor was released from a prison here on friday evening, hours after being granted bail by a court in an alleged loan fraud case. kapoor was first arrested in march 2020 in a money laundering case by the enforcement directorate. the
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Softbank-backed Oyo Hotels eyes 0 million bond sale for refinancing

The refinancing will extend the repayment timeline to five years, the person said. the company plans to complete the process in the september quarter
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

IREDA Q4 results: Net profit grows 33% to Rs 337 crore on higher income

State-owned ireda on friday posted a 33 per cent rise in its net profit to rs 337.37 crore for the quarter ended march 2024, aided by higher income. it had clocked rs 253.61 crore net profit during the january-march period of the preceding 2022-23 fiscal,
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

TCS, Infosys, Wipro see exit of 64,000 employees in FY24 amid low demand

India's largest it services companies tata consultancy services, infosys and wipro saw a staggering 64,000 employees exiting in fy24, amid a weak demand environment globally and tighter tech spends by clients. wipro, which announced its q4 earnings on frid
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

BlackRock buys shares of two companies for Rs 207 crore via open market

Us-based asset manager blackrock on friday acquired shares of electrosteel castings and ptc india ltd for rs 207 crore through open market transactions. blackrock, through its affiliates ishares ii public ltd company - ishares global water ucits etf, ishar
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Hindustan Zinc to continue to discuss demerger proposal with govt: CEO

Vedanta group company hindustan zinc will continue to engage with the centre on its proposal to split the company into different entities, a top official said. the statement comes amid the mines ministry rejecting hindustan zinc ltd's demerger plan. speaki
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Amara Raja Infra bags 500 MW solar project from Greenko in Andhra Pradesh

Amara raja infra pvt ltd on friday said it has secured a 700 mwp solar project from greenko in andhra pradesh. with the latest win, the order book of amara raja infra private limited (aripl) stands at rs 1,516 crore at the end of fy24, the company said in
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Tata Group in talks to buy Pegatron's iPhone operations as soon as May

Tata group is in the final stages of negotiations with pegatron to take a majority stake in the taiwanese firm's apple handset assembly operations in india
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Vodafone Idea FPO picks momentum as institutional investors pour money

Debt-saddled telecom operator vodafone idea ltd's rs 18,000 crore follow-on offering (fpo) on friday picked up momentum with close to half of the issue being subscribed, largely by institutional investors. over rs 12,000 crore, including rs 5,400 crore fro
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Air India cancels Dubai flights due to continued operational disruptions

Air india cancelled its flights to and from dubai on friday due to continued operational disruptions at the airport in the emirates. passengers of air india who have booked the flights for travel till april 21 will be offered a one-time waiver on reschedul
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Air taxi fare for Delhi-Gurugram to be 1-1.5x of Uber: Archer Aviation

He mentioned that the aim is to keep the air taxi service "very affordable," and the lower labor costs (for pilots, maintenance) in india will assist in achieving this goal
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Jio Financial Services Q4 results: Net profit up 5.8% to Rs 311 crore

The total income of the entity, which is a holding company for businesses including lending, insurance broking, asset management etc., rose to rs 418 crore in q4fy24 from rs 414 crore in q4fy23
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Wipro Q4 results: Profit declines 8%, guidance muted for next quarter

Fy25 q1 revenue growth forecast at -1.5 to +0.5%
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Fortis opens 80-bed tertiary hospital in Bengaluru, invests about Rs 7 cr

Fortis hospital aims for an earnings before interest, taxes, depreciation, and amortisation (ebitda) growth of about 20 per cent
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

LIC's total premium grows 26%, highest among listed peers in March

State-owned life insurance corporation of india (lic) reported a 26.41 per cent increase in the total premium collected in march 2024 to rs 36,300.62 crore compared to rs 28,716.23 crore in the same month a year ago. lic was followed by sbi life insurance
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

NCLAT sets aside insolvency process against Dream 11 parent company

Section 10a deals with the suspension of initiation of insolvency process for any default arising on or after march 25, 2020, for a period of six months or extending to one year
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

HDFC AMC profit jumps 37% to Rs 1,943 crore in FY24, revenue up 19%

Revenue from operations surges 19% to rs 2,167 cr
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

AI code now on Air India Express's flights, Vistara later: Campbell Wilson

An airline's designator code is used for quick identification in flight reservations, ticketing, and baggage handling, making travel processes smoother and more efficient
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Hindustan Zinc Q4FY24 results: Net profit dips 21% to Rs 2,038 crore

On hzl's earlier proposed move to demerge its businesses into separate entities, the company's management said hinges on the government deciding to go ahead with its offer for sale
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Forget something? Uber's lost & found index may have the answer for you

The 2024 uber lost & found index showed that riders still keep forgetting the usual items - phone, keys, wallet - but many have left behind unusual, and sometimes questionable, items as well
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Govt open to selling stake in GIC Re, LIC in FY24/25, says report

"the government has received good feedback in investor roadshows for gic, and is open to sell its 10% stake in tranches depending on its shares' value," the official said
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Delhi continues its run as the most forgetful city: Uber Lost & Found Index

Over the last year, objects including phones, bags, wallets, and clothing top the list of items left in ubers across india
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

InterGlobe, Archer Aviation plan electric air taxis from CP to Gurugram

Archer aviation will supply 200 electric vertical takeoff and landing (evtol) aircraft that can carry four passengers besides a pilot
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

ABFRL board approves vertical demerger of Madura Fashion and Lifestyle biz

Abrfl to raise rs 2,500 crore equity capital within 12 months of demerger
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Yoga camps for fee: SC upholds CESTAT order for tax on Patanjali Trust

In a setback to the patanjali yogpeeth trust, the supreme court on friday upheld an appellate tribunal's ruling that the organisation is liable to pay service tax for charging an entry fee for organising yoga camps, both residential and non-residential. a
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Hyundai Motor India rolls out 'Grameen Mahotsav' in 16 new locations

Auto-maker hyundai motor india has expanded its 'grameen mahotsav' initiative to 16 new locations across the country, after the success of its inaugural event held in gujarat this month. the 'grameen mahotsav' initiative aims to further strengthen hmil's c
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Ramkrishna Forgings to supply powertrain components to US' largest EV maker

The company has not disclosed the name of the vehicle manufacturer in its announcement, but sources indicated that it could be tesla
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Infosys Q4 results: Net profit jumps 30% to Rs 7,969 cr, revenue up 1.3%

Firm expects revenue growth of 1-3% in fy25
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Nokia India posts 69% decline in sales at Rs 2,360 cr in March quarter

Finnish telecom gear maker nokia posted a 69 per cent decline in india sales to 265 million euros, about rs 2,360 crore, in the march quarter due to moderating 5g rollout in the country. the company had posted net sales of 853 million euros in the year-ago
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

Nvidia, Chip stocks drop into technical correction as rate bets shift

The philadelphia semiconductor index and nvidia dropped more than 3% each wednesday, pushing them down more than 10% from record high levels reached in march
Tag: Company India    Source: business-standard.com   Dated: 2024-04-19

ITC Infotech to acquire Pune-based Blazeclan Technologies for Rs 485 crore

This acquisition is expected to augment itc infotech's capabilities to service its customers in a multi-cloud and hybrid cloud environment
Tag: Company India    Source: business-standard.com   Dated: 2024-04-18

Orders for ABB globally fall, drag share price for India-listed entity

Abb india closed at rs 6,367.20 per share on thursday, down 4.21%
Tag: Company India    Source: business-standard.com   Dated: 2024-04-18

Blackstone reports 1% rise in 1st-quarter earnings on growth in fee income

Blackstone raised billion of new capital, while unspent capital reached 1.2 billion. it declared a quarterly dividend of 83 cents per share
Tag: Company India    Source: business-standard.com   Dated: 2024-04-18

Sales of first electric car 'SU7' 3-5 times higher than expected: Xiaomi

Lei, xiaomi's founder, made the comments during a two-hour livestream on douyin, the chinese equivalent of tiktok, that garnered over 34 million viewers
Tag: Company India    Source: business-standard.com   Dated: 2024-04-18

Infosys Q4 results: Net profit jumps 30% to Rs 7,969 crore, revenue up 1.3%

Shares of infosys on thursday closed at rs 1,420.55 apiece on bse ahead of its q4fy24 results
Tag: Company India    Source: business-standard.com   Dated: 2024-04-18

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