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
JPMorgan says CEO transition is top priority, cites potential successors
The board is 'spending significant time on developing operating committee members who are well-known to shareholders as strong potential ceo candidates,' it said in a proxy statement
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Transformers and Rectifiers Q4 results: Profit jumps 4-fold to Rs 42 cr
Transformers and rectifiers (india) ltd on monday posted over four-fold jump in consolidated net profit at rs 41.62 crore for march quarter fy24. net profit in the year-ago period stood at rs 9.60 crore, the company said in a bse filing. total income in t
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Kotak Alternate Asset Managers raises Rs 2,000 cr to invest in equities
The fund aims to solve the challenge of building and maintaining equity portfolios amid the difficulties faced by investors due to the market volatalities
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Pegatron in talks to hand over its only iPhone plant in India to the Tatas
Tata, one the largest conglomerates in india, will operate the joint venture through its tata electronics unit, the second source said
Tag: Company India Source: business-standard.com Dated: 2024-04-08
50% of public service organisations ready to implement GenAI: EY survey
The survey, conducted by ey, also revealed that genai is soon to be deployed by government and public sector organisations (gps) to enhance the delivery of public services and policymaking
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Data of 7.5 mn boAt customers leaked on dark web: Forbes India report
The personal data of 7.5 million boat customers is a being sold at just two euros on the dark web
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Prestige Estates achieves record sales bookings in FY24 at Rs 21,040 cr
Realty firm prestige estates projects ltd on monday reported a 63 per cent annual increase in sales bookings during the last financial year at rs 21,040 crore -- an all time high, on strong demand for its residential properties and higher average per squar
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Bajaj Finance hikes fixed deposit rates for most tenures by up to 60 bps
Bajaj finance, part of bajaj finserv, has increased fixed deposit (fd) rates for most tenures by up to 60 basis points (bps). bajaj finance is a deposit-taking non-banking financial company registered with the reserve bank of india. effective april 3, 2024
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Sub-metre optical satellite assembled in India deployed into space: TASL
Tata advanced systems limited on monday announced the "successful deployment" into space of its sub-metre optical satellite that was assembled and tested in india. spacex's falcon 9 rocket launched tsat-1a satellite from the kennedy space center, florida,
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Birla Pivot targets revenue of bn in next three years, leverage tech
Birla pivot, a b2b e-commerce platform for building materials of the aditya birla group, is targetting revenue of usd 1 billion in the next three years, according to a top company official. the platform, a business unit of grasim industries, has crossed rs
Tag: Company India Source: business-standard.com Dated: 2024-04-08
State-owned NTPC targets 5GW power generation capacity addition in FY25
State-owned power giant ntpc on monday said it is eying 5 gw power generation capacity addition in financial year 2024-25. ntpc aims to add 3 gigawatt (gw) of renewable energy (re) capacity, exemplifying its steadfast dedication to environmental stewardshi
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Air India, BIAL sign MoU to develop Bengaluru as premier aviation hub
The partnership is aimed at expanding air connectivity as well as building maintenance, repair and overhaul (mro) facilities at the bengaluru airport
Tag: Company India Source: business-standard.com Dated: 2024-04-08
State-owned REC Ltd sanctioned record Rs 3.59 trillion loan in FY24
State-owned rec has made record loan sanctions worth rs 3.59 lakh crore during 2023-24, posting a year-on-year rise of 33.66 per cent. it had sanctioned rs 2.68 lakh crore as loan during the preceding 2022-23 fiscal, the company said in an exchange filing.
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Adani, TotalEnergies to set up EV charging stations at new MG dealerships
A unit of a joint venture between adani group and french energy giant totalenergies will set up ev charging stations at new mg dealerships to bolster the charing network, the company said on monday. "adani totalenergies e-mobility limited (atel), a wholly-
Tag: Company India Source: business-standard.com Dated: 2024-04-08
MakeMyTrip expands global reach, now available in over 150 countries
India's online travel firm has expanded its reach to major travel markets like the uk, germany, japan, italy, france, and others
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Realme eyes top spot in Rs 15-25k segment with launch of P series in 2024
Smartphone maker realme india aims to garner the highest share in the rs 15,000-25,000 mobile phone segment this year with the launch of a new portfolio of devices under p series, a senior company official said. while sharing the plans on the p series, rea
Tag: Company India Source: business-standard.com Dated: 2024-04-08
JSW Steel posts record output at 26.43 in FY24, sees YoY growth of 9%
Jsw steel on monday posted a record output of 26.43 million tonnes of crude steel during financial year 2023-24, registering an on-year growth of 9 per cent. it had produced 24.14 million tonnes (mnt) crude steel on a consolidated basis in preceding financ
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Keystone Realtors sales up 41% to Rs 2,266 cr on strong housing demand
Keystone realtors ltd, which sells properties under 'rustomjee brand', on monday reported a 41 per cent growth in sales bookings to rs 2,266 crore driven by strong housing demand. its sales bookings stood at rs 1,604 crore in the 2022-23 fiscal year. the m
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Edtech firm Aakash Educational Services appoints Deepak Mehrotra as new CEO
Edtech firm byju's group firm aakash educational services ltd on monday said it has appointed deepak mehrotra as its managing director and chief executive officer. the position of ceo at aakash has been lying vacant after abhishek maheshwari resigned from
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Air India appoints Jayaraj Shanmugam as head of global airport operations
Jayaraj shanmugam has previously worked with renowned companies such as singapore airlines, qatar airways, and jet airways
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Apple pivots to housing for Indian factory workers. Plans 78,000 homes
'the massive employee housing initiative aims to enhance efficiency and provide security, particularly for migrant women employees,' said an official
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Hyundai, Kia partner with Exide Energy for EV battery localisation in India
South korean auto majors hyundai motor company and kia corporation on monday announced a partnership with homegrown battery maker exide energy solutions ltd for electric vehicle battery localisation in india. hyundai motor company and group firm kia corpor
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Godrej Properties sells 1,050 luxury homes for over Rs 3K cr in Gurugram
Realty firm godrej properties ltd (gpl) on monday said it has sold over 1,050 homes worth over rs 3,000 crore within three days of launch of its new project at gurugram, in haryana. this reflects strong sales momentum in the residential segment. gurugram h
Tag: Company India Source: business-standard.com Dated: 2024-04-08
SAIC's MG Motor India to bring in new investors, JSW set to buy 35% stake
Indoedge india fund will buy an 8 per cent stake, a dealer trust will take a 3 per cent stake and an employee stock ownership plan will own 5 per cent
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Biocon leads India's push into anti-obesity drugs as patents lapse
The company, helmed by kiran mazumdar shaw, is leading the charge among indian drugmakers - the world's largest supplier of generic medicines - as they race to grab a slice of the obesity drugs market
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Hyundai, Kia tie up with Exide for electric vehicle battery localisation
The two auto majors plan to focus on the production of lithium iron phosphate cells. this will make them pioneers in the space
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Investor funding in edtech drives unwarranted behaviour: Byju's Aakash CEO
Investors' funding in the edtech space is driving an unwarranted behaviour which is not good for the industry, byju's aakash education services limited (aesl) managing director and ceo deepak mehrotra said on monday. speaking to pti, mehrotra also said tha
Tag: Company India Source: business-standard.com Dated: 2024-04-08
JSW One Platforms appoints Ranjan Pai as independent director on its board
Jsw one platforms on monday announced the appointment of ranjan pai as independent director on its board. the company is the e-commerce venture of the usd 23 billion jsw group. it operates b2b tech-enabled marketplace jsw one msme, to service the building
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Private equity firm Bain Capital to sell remaining Axis Bank holding
The price range for the share sale has been set at rs 1,071 - rs 1,076 per share, a discount of up to 0.47 per cent to axis bank's last close of rs 1,076 per share
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Gamers, youth will drive growth for Dell this fiscal: Consumer biz head
Global technology major dell technologies is banking on gamers and college and school-going youth to drive its business this year, according to a senior company official. while launching new laptop models across xps, alienware and inspiron portfolio, dell
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Bain Capital to sell stake worth 1 million in Axis Bank, says report
The private equity firm, which first purchased shares in the bank in november 2017, will exit its entire holding with tuesday's stake sale, a source familiar with the matter told reuters
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Air India gets feedback on new cabin crew uniforms, including fabric issues
Air india has received feedback on the new cabin crew uniforms, including about fabric issues, and will soon start their production for all the cabin crew after taking into consideration the inputs, according to people in the know. in december, the tata gr
Tag: Company India Source: business-standard.com Dated: 2024-04-08
At Rs 3.55 trillion, REC clocks highest ever loan sanctions in FY24
The nbfc, which has widened its scope beyond pure play power sector, now lends to green energy, infrastructure, and new age energy transition projects as well
Tag: Company India Source: business-standard.com Dated: 2024-04-08
BMW Group India begins Q1 2024 with 51% sales growth to 3,680 units
Luxury class cars also performed well, with a 152 per cent growth for bmw. models like the 7 series, x7, and the new xm played a key role in this achievement
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Air India, BIAL sign agreement to develop Bengaluru airport as hub
According to cirium, the bengaluru airport presently manages approximately 5,145 flights per week. tata-run airlines operate 1,538 of these flights weekly to and from bengaluru airport
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Spirit Airlines to defer Airbus deliveries, layoff 260 pilots to save cash
A snag with pratt & whitney geared turbofan (gtf) engines has forced spirit to ground some of its a320neo aircraft, pinching the company at a time when it is already grappling with a cash crunch
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Edtech firm Aakash Educational Services appoints Deepak Mehrotra as CEO
The appointment of deepak mehrotra is part of aesl's strategic vision to enhance its offerings and expand its reach, the company said
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Boat suffers data breach: Personal data of 7.5 mn users leaked on dark web
The threat actor has put out around 2 gigabytes of personally identifiable information (pii) of boat users on dark web forums, claimed the reports
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Blackstone to take Apartment Income REIT private in billion deal
Blackstone also plans to invest another 0 million to improve the reit's 76 rental housing communities, which are located in primarily coastal markets, the company said
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Wipro CEO Pallia has challenging tasks cut out in reviving firm's fortunes
Wipro's new ceo srinivas pallia, who took over the reins from thierry delaporte, has challenging tasks cut out in reviving the company's fortunes, retaining key leaders and restoring morale as he faces tough quarters, weak global cues and discerning shareh
Tag: Company India Source: business-standard.com Dated: 2024-04-08
NIIT appoints Pankaj Prabhakar Jathar as new CEO with effect from July 1
Niit ltd on monday announced the appointment of pankaj prabhakar jathar as its new chief executive officer. the appointment shall be with effect from july 1, 2024, the company said in a regulatory filing. jathar replaces sapnesh lalla who will continue to
Tag: Company India Source: business-standard.com Dated: 2024-04-08
RBI imposes curbs on Shirpur Coop Bank over declining financial position
The reserve bank of india (rbi) on monday imposed several restrictions on maharashtra-based shirpur merchants' co-operative bank, including withdrawal of funds by customers, in the wake of the lender's deteriorating financial position. in a statement, the
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Go First insolvency resolution gets a 60-day extension from NCLT
Go first filed for voluntary insolvency on may 2, 2023, under section 10 of ibc, and on may 10, the nclt admitted go first's insolvency plea
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Hitachi Vantara invests about Rs 1.67 cr to install data storage solutions
Japanese firm hitachi's subsidiary hitachi vantara on monday said it has invested over usd 200,000 (about rs 1.67 crore) as part of a programme to install new data storage solutions at its several indian clients' sites. under the product showcase programme
Tag: Company India Source: business-standard.com Dated: 2024-04-08
BharatPe rejigs senior management of payment, lending unit verticals
Fintech firm bharatpe is learnt to have rejigged senior management of its payment and lending unit verticals, according to sources. the company has elevated its banking and alliance chief business officer sandeep indurkar as ceo of payment vertical -- resi
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Watches are not investments, comparing to stocks risky, says Rolex CEO
Rolex is the biggest swiss watch brand and dominates the industry with an estimated 30% market share. known for its datejust, daytona and submariner models
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Jio adds 3.59 million users, corners 40% of market share in February
The company's growth has largely come at the expense of vodafone idea (vi), which has been experiencing significant customer attrition for the past 23 months
Tag: Company India Source: business-standard.com Dated: 2024-04-08
Srini Pallia's job as Wipro CEO: Drive growth, stem senior-level exits
Pallia joined wipro in 1992 as product manager and moved to the us in 2000 as general manager, us central
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Info Edge reports increase of 3.5% in Q4 billings to Rs 827 crore
Job portal naukri.com parent firm info edge has reported a 3.5 per cent increase in billings of the company to rs 826.9 crore on a standalone basis in the fourth quarter ended march 31, 2024, the company said in a regulatory filing. the billings of the com
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Wipro's leadership crisis gets more severe with Thierry Delaporte's exit
While analysts and industry watchers saw delaporte's exit coming, it was not expected to be this abrupt, this soon
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Vistara cuts 10% daily flights in April to stabilise its operations
The cancellations mainly impact the airline's domestic flights and were planned in advance to minimise customer inconvenience
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Signature Global Q4 sales bookings jump 3.4 times to Rs 4,140 crore
Realty firm signature global on sunday reported a more than three-fold jump in its sales bookings to rs 4,140 crore in the fourth quarter of last fiscal year, driven by strong demand for its luxury projects in gurugram. in a regulatory filing, the company
Tag: Company India Source: business-standard.com Dated: 2024-04-07
RoC puts Rs 10 cr fine on 2 cos, 9 individuals for violating companies law
Clamping down for illegal fundraising activities, the corporate affairs ministry has slapped fines totalling nearly rs 10 crore on two companies and nine individuals as they violated private placement norms. the fines have been imposed on planify capital a
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Data centre operator Yotta plans capacity booster for AI efforts
Apart from serving india, the company also aims to cater to the global demand
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Cilio expects to double global business in 18 months with India foray
Us-based saas firm cilio technologies expects to double its global business in the next 12-18 months with its foray into india which will also serve as its hub for operations in the middle east and southeast asia, a top official of the company said. cilio
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Tata Steel India sales rises 6% to 19.9 MT in FY24 on higher demand
Tata steel india has reported a 6 per cent growth in deliveries to 19.90 million tonnes in fy24, supported by higher demand from retail, automotive and railway segments. in india, the company produced 18.85 million tonnes (mt) of steel during the preceding
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Irdai raises concern over Hinduja Group-led IIHL's bid for Reliance Capital
Insurance regulator irdai has expressed some reservations over hinduja group firm indusind international holdings' (iihl) resolution plan for debt-ridden reliance capital, which is also in the insurance business, including non-life, sources said. insurance
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Agnikul puts off launch of Agnibaan sub-orbital rocket for the third time
Chennai-based space start-up agnikul cosmos on sunday called off the maiden launch of its 3d-printed, semi-cryogenic agnibaan rocket about 92 seconds before lift-off citing some technical issues. sunday's was the third attempt at the test launch of the agn
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Former Gazprom unit rejects GAIL demand for compensation of .8 billion
A former unit of russian energy giant gazprom has rejected state-owned gail (india) ltd's demand for compensation for non-delivery of lng supplies in the aftermath of russia's invasion of ukraine. in a stock exchange filing, gail said sefe marketing tradin
Tag: Company India Source: business-standard.com Dated: 2024-04-07
Blackrock, ADIA, domestic mutual funds increase holdings in Vedanta
The world's largest asset manager blackrock, as well as the abu dhabi investment authority, along with domestic mutual funds like icici mutual fund and nippon india mutual fund have increased their holdings in vedanta by almost 2 per cent during the last f
Tag: Company India Source: business-standard.com Dated: 2024-04-07
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