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

Sobha Q2 sales bookings fall 32% to Rs 1,178 cr despite strong demand

Sobha Q2 sales bookings fall 32% to Rs 1,178 cr despite strong demand

Realty firm sobha ltd has posted a 32 per cent decline in its sale bookings to rs 1,178.5 crore during july-september quarter despite strong housing demand. in a regulatory filing on monday, bengaluru-based sobha ltd informed that its sale bookings stood a
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Wave Group targets over Rs 500 cr from new Ghaziabad housing project

Wave Group targets over Rs 500 cr from new Ghaziabad housing project

Realty firm wave group is expecting more than rs 500 crore revenue from a new luxury housing project in its 4,200-acre township in ghaziabad, uttar pradesh. the company has launched a new project 'eden', spread across 5.2 acres, wave group said in a statem
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Not applying for benefits under India's new EV policy in near term: BYD

Not applying for benefits under India's new EV policy in near term: BYD

Chinese electric vehicle maker byd is not ready to apply for benefits in the short term under india's new ev policy announced earlier this year that seeks to attract global manufacturers to the country, a senior company official said on tuesday. the compan
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Tata Motors reports 11% decline in global wholesales to 304,189 units in Q2

Tata Motors reports 11% decline in global wholesales to 304,189 units in Q2

Tata motors on tuesday reported an 11 per cent decline in group wholesales, including jaguar land rover, at 3,04,189 units in the second quarter of the ongoing fiscal as compared to the same period last year. global wholesales of tata motors passenger vehi
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Gujarat based Jubilant Ingrevia joins WEF's Global Lighthouse Network

Gujarat based Jubilant Ingrevia joins WEF's Global Lighthouse Network

A gujarat facility of jubilant ingrevia on tuesday became the latest indian firm to join the world economic forum's global lighthouse network, a cohort of industry leaders transforming manufacturing with ai innovation. india-based units of renew, cipla, ce
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Magicpin records 15-times order growth on ONDC network in 15 months

Magicpin records 15-times order growth on ONDC network in 15 months

Hyperlocal e-commerce firm magicpin on tuesday said it has crossed the 1.5 lakh-mark for daily order of food and logistics services on the government-backed ondc platform, registering a 15-times growth over 15 months. magicpin joined the open network for d
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

BigBasket, Urban Company lead in fair pay; most platforms fall short

BigBasket, Urban Company lead in fair pay; most platforms fall short

Booming gig economy, dismal pay: fairwork report reveals only two out of 11 major online platforms ensure their workers earn at least the local minimum wage after deducting work-related expenses
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Vodafone Idea in talks with DoT to ease bank guarantees for older spectrum

Vodafone Idea in talks with DoT to ease bank guarantees for older spectrum

Vodafone idea is in talks with the department of telecommunications to remove bank guarantee requirements for spectrum acquired before 2022, seeking relief amid ongoing regulatory pressures
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Agri biotech firm BioPrime raises mn in Series A funding led by Edaphon

Startup founded in 2016 say it will use the investment for crop protection research, products
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

SpiceJet to add 10 aircrafts by next month; first plane induction on Oct 10

Domestic carrier spicejet on tuesday said it will enhance its fleet by another 10 aircraft by next month with the first plane set to be inducted on october 10. seven of these aircraft will be acquired on lease, while three previously grounded ones are bein
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

IndoSpace looking to invest Rs 4,500 cr logistics and warehouse parks in TN

Logistics parks operator indospace on tuesday said it is looking to bolster its presence in the manufacturing sector with an increased investment plan of up to rs 4,500 crore in new logistics and warehouse parks in tamil nadu. a leading developer of grade
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Reliance Retail enters quick commerce, challenges Blinkit, Swiggy Instamart

With plans to expand to 1,150 cities and deliver groceries in just 10-30 minutes, reliance is set to shake up the market, offering customers speed, convenience, and savings
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Airtel in talks to buy Tata Play as digital TV industry sees shake-up

The dth market faces pressure as consumers shift to over-the-top (ott) streaming services and cheaper options like doordarshan's free dish, forcing traditional operators to seek growth opportunities
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Ola Electric acknowledges getting CCPA notice on consumer complaints

Won't impact operations or finance, says company after founder's social media spat with stand-up comedian
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Major cement firms compete to acquire HeidelbergCement India's stake

The german building materials company heidelberg materials ag holds a 69.39 per cent stake in its indian subsidiary, which, at current market rates, is valued at approximately rs 3,437 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Andrew Ng's AI fund makes first India investment with healthcare firm Jivi

Jivi, based out of the northern indian city of gurugram, uses ai to suggest potential diagnoses and treatments, generate health reports and perform administrative tasks, the fund said
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Essar aims to turn Stanlow into world's 1st decarbonised green refinery

Essar group will turn the uk's stanlow refinery into the world's first decarbonised green refinery as it plans to use blue hydrogen for meeting heating and power needs of the unit, cutting carbon emissions by as much as 95 per cent, a top official said tue
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

CCI approves JM Financial's 43% stake buy in JM Fin Credit Solutions

Fair trade regulator cci on tuesday cleared jm financial's proposed acquisition of a 43 per cent stake in jm financial credit solutions ltd. jm financial credit solutions is an rbi-registered systemically important non-deposit-taking non-banking finance co
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

IRB Infra's toll revenue collection rises 19% to Rs 502 crore in Sep

Irb infrastructure on tuesday posted a 19 per cent year-on rise in its toll revenue to rs 502 crore in september. revenues from the toll collection business stood at rs 421 crore in the same month last year, irb said in an exchange filing. out of its 17 to
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

BIF opposes Jio's demand of revising consultation paper on Satcom rules

Industry body broadband india forum on tuesday opposed reliance jio's demand for revising the consultation paper on satcom spectrum rules. reliance jio has urged telecom regulator trai to come up with a revised paper on spectrum allocation for satellite co
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Tata Tech-BMW form 50:50 JV to focus on software-driven solutions

The partnership comes as automakers increasingly rely on software to drive innovation in their vehicles
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

CCI okays Rs 1,100 cr buyout of Patanjali Ayurved's home, personal care biz

The competition commission of india (cci) on tuesday cleared the proposed acquisition of the home and personal care business of patanjali ayurved by patanjali foods in a rs 1,100 crore deal. "the proposed combination involves the acquisition of patanjali a
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Hindustan Zinc plans to transition to renewable energy in 5-7 years

More than 90% of the company's emissions come from thermal energy, agarwal said. hindustan zinc has a captive thermal power capacity of 514 megawatt
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

IndoSpace to invest Rs 4,500 crore in Tamil Nadu logistics parks

The investment will lead to over 8,000 job creation, accelerating economic growth and enhancing the state's industrial infrastructure
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Beverage major PepsiCo sees double-digit organic revenue growth in India

In the amesa (africa, middle east, south asia) region the company's convenient foods unit volume declined 3 per cent in the 12 weeks ended september 7
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Akasa Air to run safety tests on 14 of 25 planes amid rudder issue

Air india express to also conduct similar audit; spicejet says none of its boeing 737 ngs impacted
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Torrent Power wins order to supply 2,000 MW pumped storage in Maharashtra

Torrent power on tuesday said it has secured a contract from the maharashtra government to supply 2,000 megawatt energy storage capacity from its upcoming plant in the state. in a statement, torrent power said it has received the order for an additional 50
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

ICICI Bank, PhonePe partner to provide credit line on UPI for customers

Phonepe's market share on upi is pegged at 49 per cent, with the second-largest player google pay processing about 38 per cent of the total transaction volumes in the country
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Spectrum payment: VIL in discussion with DoT for waiver of bank guarantee

Debt-ridden telecom operator vodafone idea on tuesday said it has been in discussion with the department of telecom for the waiver of bank guarantee which the company is required to submit a year before the due date for payment of spectrum acquired prior t
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Will stick to electric cars in short term: BYD India's Rajeev Chauhan

Byd india on tuesday launched the electric multi-purpose vehicle emax 7 in india at a starting price of rs 26.9 lakh (ex-showroom)
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

Akasa Air says no operational disruptions from Boeing 737 advisories

Akasa air on tuesday said there will be no disruptions to its flight operations due to the latest advisories regarding potential risk of a jammed rudder control system in boeing 737 planes. the airline operates a fleet of 25 boeing 737 max aircraft. on mon
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

GIC considering possible sale of 50% stake in Greenko Energy: Report

The singaporean sovereign wealth fund is in initial discussions with financial advisers to help evaluate a full or partial sale of its holding in greenko
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

LIC reduces 1st-year agent payout to 28% after surrender value revision

First insurer to change commission after revision in surrender value norms
Tag: Company India    Source: business-standard.com   Dated: 2024-10-08

AstraZeneca's Chennai, Bengaluru centres to drive 2030 global tech roadmap

The global innovation and technology centre (gitc) in chennai will be hiring around 1,300 people in the next 18 months, while another 900 will be hired in bengaluru
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Kalyan Jewellers Q2 revenue up by 39% on robust same-store-sales growth

Jewellery retailer kalyan jewellers on monday said its revenue from india operations witnessed an on-year growth of around 39 per cent during the second quarter of 2024-25, led by robust footfalls across markets with a healthy same-store-sales-growth. "our
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Suraksha Diagnostic gets Sebi's go ahead to raise funds through IPO

Integrated diagnostic chain suraksha diagnostic ltd has received sebi's go ahead to raise funds through an initial public offering (ipo), an update with the markets regulator showed on monday. the kolkata-headquartered company's proposed ipo consists of an
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Yulu turns Ebitda positive, aims to deploy 100K electric vehicles by 2025

With over 40,000 evs, yulu's revenues and users have increased more than sevenfold over the last 24 months
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Honda overtakes Hero MotoCorp in 2W retail sales ahead of festive season

According to figures from the federation of automobile dealers associations, honda motorcycle and scooter india sold 62,537 more motorcycles and scooters than hero motocorp in september 2024
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Oil giant Chevron sells assets worth .5 bn to Canadian Natural Resources

The all-cash transaction, which is expected to close in the fourth quarter, is a part of its strategy to divest billion to billion of assets by 2028
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Ashok Leyland begins electric truck deliveries to Billion Electric Mobility

Hinduja group flagship company ashok leyland on monday began delivery of electric trucks to billion electric mobility (member of group billione), a top official said on monday. the city-based company had bagged a contract to supply 180 electric trucks to g
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Tier-IV cities boost Meesho's festive sale; total orders increase 40%

This festive season, customers embraced self-care and home improvement, leading to growth across meesho's categories
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Hitachi Energy plans Rs 2,000 crore investment in India in next 5 years

Switzerland-based technology player hitachi energy has plans to invest rs 2,000 crore over the next 4-5 years in india, a company official said on monday. the investments will be made towards expanding capacity of transformers, talent base and increasing p
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Nestle nominates former Amazon India exec Manish Tiwary as India MD

The proposal to appoint tiwary is subject to the board's nod, and if approved, will be effective from aug. 1, 2025, a day after current chairman and managing director narayanan retires
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Amazon buys MX Player, merges it with miniTV to launch Amazon MX Player

Amazon on monday said it has acquired free streaming ott platform mx player and merged it with its content streaming service minitv to launch 'amazon mx player'. amazon did not disclose the valuation of the acquisition. the merger aims to make premium-free
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7

Mclr is the minimum interest rate a financial institution needs to charge for a specific loan. it dictates the lower limit of the interest rate for a loan
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

XDLINX Space Labs raises mn in seed funding from Lucky Investments

Founded in 2022 in hyderabad, xdlinx space labs aims to make satellite technology accessible to a broader range of clients
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

JSW Ventures picks up stake worth .8 mn in drone tech firm Aereo

Jsw ventures, an arm of diversified conglomerate jsw group, on monday said it has picked up a stake in drone technology entity aereo for usd 1.8 million. aereo uses drone technology and ai-driven data analytics to help clients in asset management in sector
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

million to billion: How Deepinder Goyal built the Zomato empire

In a recent interview, deepinder goyal talks about zomato's journey, from soaring highs to challenging lows, with candid insights on surviving and thriving in the food delivery industry
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Mattel unveils 'Diwali Barbie' doll in collaboration with Anita Dongre

Mattel's diwali barbie doll, dressed in a floral koti vest, choli top, and lehenga skirt, is a blend of modern aesthetics with traditional craftsmanship, the company said
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Vodafone Idea expands long-term partnership with Ericsson for 5G rollout

As part of the new agreement, ericsson will upgrade vi's existing 4g networks and introduce 5g in key areas, including delhi, kerala, chhattisgarh, and rajasthan
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Ratan Tata refutes hospitalisation rumours: 'I remain in good spirits'

Ratan tata said that he was undergoing medical check-ups, but there was no cause for concern, and urged people to refrain from spreading misinformation
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Manish Tiwary to become Nestle India MD after Narayanan retires in 2025

Fmcg major nestle india on monday announced a change of leadership with the appointment of manish tiwary as the managing director of the company after the incumbent, suresh narayanan, retires in july next year. tiwary, who was the country manager of amazon
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Tata Group enters mass beauty market with 'Zudio Beauty' store launch

Zudio beauty aims to tap into the rising demand for affordable beauty products, whereas competitors like reliance, nykaa, and shoppers stop focus on premium and luxury categories
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Vi's missed bank guarantees trigger DoT notice amidst waiver talk

The notice was triggered after vodafone idea missed the deadline to submit bank guarantees for auctions held before 2022
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Godrej Appliances expects its revenue to cross Rs 10,000 cr mark by FY26

The company has set a roadmap to enter the top three in terms of market share in key categories like air conditioners, refrigerators, and washing machines
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Ola CEO faces backlash after heated social media exchange with Kunal Kamra

The exchange between the two began when comedian kunal kamra posted a picture of ola electric scooters gathering dust outside a dealership, apparently awaiting service
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Amid box office jitters, Saregama eyes majority stake in Dharma Productions

Saregama is in talks to acquire a majority stake in karan johar's dharma productions, though the deal may not finalise soon. the move comes amid box office volatility affecting studios
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Adani in talks to acquire Heidelberg's Indian cement unit for .2 billion

The potential deal is the latest in adani group's massive expansion push in the cement sector. the company entered the industry in 2022 by acquiring holcim's stake in ambuja cement
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

Video creation platform Frammer AI raises mn investment from Lumikai

Video content creation platform frammer ai has announced securing a usd 2 million (around rs 16.8 crore) investment from lumikai, which invests in gaming and interactive media platforms. the fresh capital will be deployed into expanding frammer's offerings
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

MPs unhappy with BSNL service; telco promises improvement in 6 months

A parliamentary committee on monday expressed its displeasure at the quality of service and falling subscriber base of the government-owned bsnl, with some mps citing the example of poor service they receive on their own mobiles to make a point, sources sa
Tag: Company India    Source: business-standard.com   Dated: 2024-10-07

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