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NSE share market NEWS tomorrow (13 February, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (13 February, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 13 February 2024

Bond 8 was amongst the top gainers, currently trading at 153.45 in NSE with 1.869 times change in volumes and 15.419% change in price. Other gainers included Rail Vikas with 7.012% price change and 1.617 times volumes, Oracle Financial with 6.974% price change and 1.845 times volumes, 360 One with 6.703% price change and 1.12 times volumes, and Nhpc with 5.926% price change and 1.029 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Hindalco Industries was amongst the top losers, currently trading at 510.10 in NSE with 10.032 times change in volumes and -12.422% change in price. Other losers included One 97 with -9.96% price change and 1.045 times volumes, Kpit Technologies with -6.991% price change and 1.334 times volumes, National Buildings with -6.572% price change and 2.115 times volumes, and Kfin Technologies with -5.885% price change and 0.655 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

NCLT extends deadline for Go First's insolvency for another 60 days. The three parties who have expressed interest in the airline are expected to submit their resolution plan for the airline's revival by February 15

Tata Capital to raise Rs 20K crore via NCDs to boost core lending biz. Tata's Financial Services arm plans to launch NCDs as demand for retail loan rises

Hindustan Copper Q3 results: Profit falls 21% to Rs 63 cr on lower revenue. State-owned Hindustan Copper on Tuesday reported 21.44 per cent decline in consolidated net profit at Rs 63 crore for the quarter ended December 31, 2023 due to lower revenue from operations. The company had posted a net profit of Rs 80.20 crore for the ye

Eris Lifesciences Q3 results: Profit flat at Rs 102 crore, revenue up 16%. On a sequential basis, the company saw a 3.40 per cent decline in revenue along with Profit After Tax (PAT), which also declined by 16.77 per cent

Siemens Q3 results: Net profit up 9% at Rs 505 crore, revenue rises 17%. In his outlook, Mathur said, 'Capex demand across segments, largely driven by Capex spending in Public Infrastructure, continues to be good. Private Capex is also beginning to pick up'

Zee Entertainment Q3 results: Profit more than doubles to Rs 58.5 crore. Zee's profit rose to Rs 58.5 crore (.05 million) for the three months ended Dec. 31 from Rs 24.3 crore a year ago

Dredging Corporation Q3 results: Profit jumps over two-fold to Rs 27.22 cr. Dredging Corporation of India Ltd (DCI) on Tuesday posted two-fold jump in net profit at Rs 27.22 crore for the quarter ended December 31, supported by lower expenses. It had reported a net profit of Rs 13.83 crore for the October-December period of 2022-2

McLeod Russel India submits fresh plan for debt resolution to lenders. It had earlier offered a one-time payment (OTS) of Rs 1,030 crore to lenders in settling the entire outstanding against the loans including interest

Govt negotiating with Gail to employ 34 people troubled by JBF crisis. The Karnataka government is in talks with the Centre to provide jobs at Gas Authority of India Limited to 34 employees who are left in the lurch due to a financial crisis in JBF Industries Ltd, state Large and Medium Industries minister MB Patil said on Tu

American retail major Walmart sourcing from India hits bn in 20 years. India is the first country, outside the US, where the retail major has announced an export target

Sula Vineyards Q3 results: Profit up 9% at Rs 42.98 cr on strong demand. The Mumbai-headquartered company said its consolidated net profit rose to Rs 42,98 crore (.2 million) from Rs 39.28 million rupees year ago

Adani-Hindenburg case: Plea filed in SC seeks review of Jan 3 verdict. The court had directed the markets regulator to complete its probe within three months

Aircraft engine maker Pratt & Whitney establishes R&D centre in Bengaluru. IDCC will facilitate close collaboration with other RTX (Raytheon) businesses in India, including Collins Aerospace and RTX Enterprise Services

Edtech unicorn Emeritus: Now a case study by Harvard Business School. The case study follows the journey of Damera, an HBS alumnus, and Kalipatnapu, an alumnus of INSEAD, who shared a dream of making societal impact by bringing access to high-quality education

Eicher expects exports of Royal Enfield to pick up after two-year slump. Strong domestic sales of Royal Enfield, a premium-priced motorcycle, helped Eicher post a bigger-than-expected 12.3% jump in revenue to 41.79 billion rupees (4 million) for the Oct-Dec quarter

Moody's revises outlook on 4 Adani firms to 'stable' from 'negative'. The global ratings agency changed the outlook to 'stable' on Adani Green, Adani Electricity Mumbai, Adani Transmission, and Adani Energy Solutions

Coca-Cola records volume growth in India in October-December quarter. In the Asia Pacific market, its unit case volume grew 2 per cent for the quarter, primarily driven by growth in juice, value-added dairy and plant-based beverages, and sparkling flavours

Shoppers Stop plans to launch 10-15 new SS Beauty stores this year. The company, which operates 13 SS Beauty stores at the moment, plans to open 10-15 new medium-to-large format stores in the calendar year 2024

Competition regulator allows Adani Power, DAIT to acquire Coastal Energen. The Competition Commission of India (CCI) on Tuesday said it has approved a proposal to acquire a 100 per cent stake in Coastal Energen Pvt Ltd by Adani Power Ltd and Dickey Alternative Investment Trust. Adani Power Ltd (APL), a part of the diversified Ada

Audit of Rs 22.7K cr microloans due to large claim amount: Bandhan CEO. The maximum eligible amount a bank can claim under the CGFMU insurance is 15 per cent of the total insured amount

Defence PSU GRSE records Rs 2,801 crore income in nine months of FY24. Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd recorded a total income of Rs 2,801 crore in nine months till December 31 in the financial year 2023-24, an increase of 34 per cent compared to the same period in previous fiscal, an official s

Nalco Q3 results: Profit rises two-fold to Rs 471 cr, income at Rs 3,397 cr. National Aluminium Company Ltd on Tuesday reported almost two-fold rise in consolidated profit to Rs 470.61 crore for the quarter ended on December 31, 2023. The company had posted a consolidated profit of Rs 256.32 crore in the October-December quarter of

Hindalco Industries Q3 results: Net profit up 71.1% on lower costs. Novelis Bay Minette project to see cost escalation of more than bn

Passenger finds screw in food, IndiGo says not reported during journey. An IndiGo passenger has claimed that he found a screw in a sandwich served by the airline, which on Tuesday said the issue was not reported to it during the journey. The passenger shared his experience on social media along with a picture of the sandwich t

Intent to hire freshers improves by 6% for first half of 2024: Report. Intent to hire freshers in the first half of this year has improved by 6 per cent compared to the same period a year ago, as employers' confidence grows in the country, a report said on Tuesday. There is an increase of 6 per cent for the first half of 2024

Oil India Q3 results: Profit falls 9.3%, hit by lower crude prices. Oil India shares closed 0.2% higher ahead of the earnings, after rising about 79% in 2023

Paytm hiring for various positions across products, business divisions. Paytm, whose payments bank venture is facing regulatory action, is hiring for various positions across product and business divisions, according to a blog. The blog posted on Paytm's website said recruitment partners are continuing to see high interest fro

Tilaknagar Industries Q3 results: Profit declines 42% to Rs 43.8 cr. Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported a decline of 42.32 per cent in its consolidated net profit to Rs 43.76 crore for the third quarter ended December 2023. The company had reported a net profit of Rs 75.88

India's smartphone market grew by a nominal 1% in 2023, shows IDC data. The market grew 11% year-on-year in second half of CY23, compensating for the sharp 10% decline in the first half

Auto components sector growth may ease to 5-7% in FY25, says ICRA. On the EV front, there is significant opportunity. At present, only 30-40 percent of the EV supply chain is localised

Akasa Air to cancel 4 Mumbai-Bengaluru flights daily from Feb 15-Mar 30. Akasa Air on Tuesday said it will be cancelling four flights daily between the city and Bengaluru following government guidelines issued to reduce congestion at the Mumbai airport. The civil aviation ministry has asked Mumbai airport operator MIAL to cut t

Fin service providers must have regulatory nod for liquidation: IBBI. Liquidators need to ensure that financial service providers have the requisite permission from their respective regulator before commencing voluntary liquidation process under the insolvency law. The Insolvency and Bankruptcy Board of India (IBBI) on Tuesd

Nuvama Wealth Q3 results: Net profit almost doubles to Rs 178 crore. Nuvama Wealth Management (formerly Edelweiss Securities) on Tuesday said its net profit almost doubled to Rs 178 crore in the December quarter on the back of all-round growth in fee-based businesses. The wealth management firm had posted a net profit of R

Paytm's tentative timeline to restart loan sanctioning ends on Feb 14. The tentative timeline shared by fintech firm Paytm to resolve operational challenges coming in the way of its lending business and restart sanctioning of new loans is ending on February 14. One97 Communications President and Chief Operating Officer Bhaves

Zee Entertainment aspires for 8-10 pc revenue growth, says Goenka. Zee Entertainment Enterprise Ltd (ZEEL) is focusing on a three-pronged approach -- frugality, optimisation and sharp focus on quality content -- for the company's future, said its Managing Director and CEO Punit Goenka on Tuesday. The company aspires for a

To break glass ceiling', Tata Steel invites applications from transgenders. Tata Steel has taken a "significant step towards promoting inclusivity" by inviting applications from transgender candidates for various positions across multiple locations, the company said. As a leading global steel company, Tata Steel recognises the imp

Ashok Leyland's shareholding in UK-based Optare Plc increases to 92.59%. In November last year, Ashok Leyland announced that it would invest Rs 1,200 crore in its electric vehicle arm Switch Mobility, through Optare Plc

IT services provider LTIMindtree grooming two insiders for CEO job. Chief Operating Officer Nachiket Deshpande and President Sudhir Chaturvedi are the front-runners for the role

Infrastructure major L&T bags 'significant' orders in Middle East. Infrastructure major Larsen & Toubro (L&T) on Tuesday said that its hydrocarbon division has bagged "significant orders" from a client in the Middle East. The company did not disclose the order value. However, according to its classification, significant o

JSW Steel forms JV with Japanese firm to produce steel variety in India. New company will be set up with a planned investment of Rs 5500 cr

Colliers to construct Infibeam Avenues' mn AI, tech hub in Ahmedabad. The AI hub will be established within GIFT City, Gujarat, with the Ahmedabad campus serving as an extension, slated to be operational within 18 months

68% Indian companies intend to hire freshers in first half of 2024: Report. The intent to hire freshers in India has increased as compared to last year: TeamLease EdTech report

Hindalco Industries Q3 result: Profits rise 71% to reach Rs 2,331 cr. Aditya Birla Group's metal flagship Hindalco Industries on Tuesday reported 71.1 per cent rise in consolidated net profit at Rs 2,331 crore for the quarter ended December 31, 2023. The company had posted a net profit of Rs 1,362 crore in October-December F

NCLT extends deadline for Go First's insolvency for another 60 days. The National Company Law Tribunal on Tuesday extended the deadline for another 60 days to complete the resolution process of grounded airline Go First. A two-member bench of the Delhi-based NCLT admitted the plea filed by the resolution professional (RP)

BHEL Q3 results: Net loss at Rs 149 cr, income up marginally at Rs 5,599 cr. State-owned BHEL on Tuesday posted a consolidated net loss of Rs 148.77 crore for the third quarter ended December 2023, impacted by higher expenses. It had posted a net profit of Rs 42.28 crore in the October-December period of the preceding 2022-23 finan

Siemens results: Profit grows 9% to Rs 506 cr in Dec qtr, order book up 10%. Siemens Ltd on Tuesday posted a 9.2 per cent rise in net profit at Rs 505.7 crore in the first quarter ended December 31 due to higher revenues. The company follows the October to September fiscal year. It had reported a net profit of Rs 462.7 crore in the

After cabs, Rapido extends SaaS-based zero-commission model to auto drivers. This model is different from most of Rapido's competitors like Ola and Uber where the drivers pay a commission per ride

Eicher Motors Q3 results: Profit up 34% at Rs 996 cr, beats estimates. The company's profit rose 34.4% to Rs 996 crore (0 million) in the three months to Dec. 31, beating analysts' estimates of Rs 989 crore, as per LSEG data

Logistics' cost structure biggest challenge for e-commerce: Flipkart CEO. E-commerce in India is at a nascent stage and cost structure of logistics is the biggest challenge for the segment, a top official of Flipkart said on Tuesday. Speaking at Walmart Growth Summit, Flipkart CEO Kalyan Krishnamurthy said the government has sim

Suraj Estate Developers Q3 results: PAT at Rs 16 cr, debt falls by 38%. Suraj Estate Developers Ltd, a real estate player focused on South Central Mumbai (SCM) market with specialisation in redevelopment projects, has pared its debt level by 38 per cent to Rs 340.86 crore in the current quarter, a company statement said on Tue

Arvind Fashions Q3 result: Revenue rises 5% to Rs 1,125 cr, shares down 9%. The company's shares tumbled nearly 9% after the results, in their biggest intra-day slide in five weeks

Trade unions have called for one day strike on February 16, says CIL. Coal India Ltd on Tuesday said central trade unions have called for a one-day strike on February 16 at the company and its subsidiaries. State-owned CIL accounts for over 80 per cent of domestic coal output. In a regulatory filing, the company said the tra

Ashiana Housing Q3 results: Profit jumps three-fold to Rs 28 crore. Realty firm Ashiana Housing has reported a more than three-fold jump in its consolidated profit after tax to Rs 27.8 crore for the quarter ended December on better income amid surge in demand for residential properties. Its profit stood at Rs 9.05 crore in

IPV to invest Rs 150-200 cr in startups, exits 14 firms with 61% return. Angel investment platform Inflection Point Ventures is planning to make fresh investments in the range of Rs 150-200 crore in startups this year, a senior company official said. The company announced partial and full exit from 14 firms with an average 61 p

Bosch Q3 results: Profit rises 62.5% on healthy auto parts demand. The company's net profit rose year-on-year to Rs 518 crore (.4 million) in the three months to Dec 31

Adani-Hindenburg row: Plea filed in SC seeks review of January 3 verdict. A plea has been filed in the Supreme Court seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. In a significant win fo

KRBL Q3 results: Profit declines nearly 35% on weak export demand. Consolidated net profit was 1.34 billion rupees (.1 million) for the quarter ended Dec. 31, compared with 2.05 billion rupees a year earlier

Hartek Power secures substantial Rs 113 crore order from state-owned SJVN. Hartek Power on Tuesday said it has bagged an order of Rs 113 crore from state-owned SJVN in Jamui, Bihar. The project entails developing, implementing, and maintaining a 75 MW (AC) grid-connected solar PV power plant, along with a 132 kV sub-station, Hart

Walmart procured goods worth bn from India in 20 yrs for global ops. Walmart has sourced goods worth over USD 30 billion from the Indian market in the last two decades for its global operations, a company official said on Tuesday. Now the Bentonville-headquartered firm has a goal to triple its sourcing of goods from India u

Allcargo Logistics Q3 results: PAT down 88% at Rs 17 cr, revenue falls 22%. Allcargo Logistics Ltd on Tuesday reported an 88 per cent decline in consolidated Profit After Tax (PAT) to Rs 17 crore in the December quarter. The company had posted a consolidated PAT of Rs 146 crore in the year-ago period, Allcargo Logistics said. Reve

Manali Petrochemicals Q3 results: PAT at Rs 2.9 cr on cost of raw materials. Manali Petrochemicals Ltd has reported a dip in its consolidated profit after tax for the October-December 2023 quarter at Rs 2.94 crore, due to a continuous rise in the cost of raw materials. The Chennai-based petrochemicals manufacturing company register

Bosch Q3 results: Profit up 62% driven by high sales in automotive segment. Overall product sales of the automotive segment have increased by 16.8 per cent compared to the same quarter of the previous year

Wipro acquires Aggne for mn to boost capabilities in insurance sector. Founded in 2019, Aggne is incorporated in the US and India, with offices in Tampa, Florida, and Hyderabad, India. The company has 230 employees based in India and the United States

GE Power India Q3 results: Net profit at Rs 37 lakh on fall in expenses. GE Power India has turned profitable with a marginal net profit of Rs 37 lakh in December 2023 quarter, supported by a fall in expenses. It had reported a net loss of Rs 139.9 crore in the October-December period of preceding financial year, the company sa

Power Mech Projects Q3 results: Net profit rises 22% to Rs 62 crore. Power Mech Projects Ltd on Tuesday posted a 22.5 per cent rise in consolidated net profit to Rs 62 crore for the quarter ended December 2023, aided by higher income. It had reported a net profit of Rs 50.6 crore in the October-December period of the preced

Paytm Bank's independent director resigned due to personal reason: Paytm. Paytm Payments Bank Ltd independent director Manju Agarwal resigned from the board due to personal reasons, Paytm said in a regulatory filing on Monday. Agarwal resigned from PPBL a day after RBI issued an order to Paytm Payments Bank to stop accepting dep

Ant Financial's stake value declines to Rs 2,742 crore on Paytm woes. The Chinese company, however, had sold its stake worth Rs 8,293 crore in three tranches over the one year thus saving a major part of its portfolio from the meltdown

Brookfield India Real Estate Trust to distribute Rs 209 cr to unitholders. Brookfield India Real Estate Trust on Monday reported an 89 per cent growth in net operating income to Rs 453.4 crore and declared distribution of Rs 208.56 crore for the December quarter. The distribution comprises Rs 97 crore at Rs 2.21 per unit in the f

APM Terminals Pipavav Q3 results: Net profit rises 39% to Rs 110 cr. Private port operator APM Terminals Pipavav on Monday posted a 39 per cent rise in net profit to Rs 110.27 crore for the December quarter. It had posted a net profit of Rs 79.34 crore in the year-ago period, according to a statement. Revenue from operation

Coal India Q3 results: Profit rises 17% to Rs 9,069 cr, revenue up 2%. Coal behemoth CIL on Monday reported a 16.9 per cent rise in consolidated net profit to Rs 9,069.19 crore for the December quarter. The company's consolidated net profit stood at Rs 7,755.55 crore in the year-ago period, Coal India Ltd (CIL) said in a regu

SC allows IOC-ArcelorMittal Nippon Steel to resolve dispute via arbitration. The dispute is related to Essar Steel India Limited (ESIL), which was acquired by AMNS through the insolvency resolution process in 2019

Dr Reddy's Laboratories R&D facility gets VAI status in USFDA inspection. Last year in December, during the Good Manufacturing Practice (GMP) and Pre-Approval Inspection at the same facility concluded with three observations

Lack of full Bench takes a toll on SAT's functioning and efficiency. Industry players fear that if the Bench is not restored soon, it could hamper the fundraising and expansion plans of companies with pending litigation

SAIL Q3 results: Net profit falls 22% to Rs 423 cr, dividend declared. State-owned Steel Authority of India Ltd (SAIL) on Monday reported a 22 per cent fall in its consolidated net profit to Rs 422.92 crore for the quarter ended in December 2023 due to lower income. The steel maker had posted a net profit of Rs 542.18 crore d

Indian startup ecosystem welcomes MCA's performance review of CCI. The Finance and Corporate Affairs Minister, Nirmala Sitharaman, is likely to convene a meeting in this regard this month

SWRE places orders with Nextracker for solar trackers for Gujarat projects. SWRE is implementing solar projects at NTPC Renewable Energy Ltd's (NTPCREL) solar park in Khavda, Rann of Kutch, a company statement said

Jaypee Infratech insolvency: Panel seeks nod for Suraksha's resolution plan. In a regulatory filing Jaypee Infratech said there would be a delay in filing of its annual results for 2022-23 fiscal and the results for the first three quarters of the current financial year

Novo Nordisk's major shareholder plans to invest about bn by 2030. For Novo Holdings, which invests in life science companies and had assets of 108 billion euros (5.86 billion) at end-2022, its recent investment in India was its largest in Asia to date

Panasonic unveils smart, IoT powered models across inverter AC range. Panasonic on Monday launched its 2024 line-up of air conditioners, with 60 new models mostly across inverter AC range. This also includes India's first matter-enabled room ACs, powered by its IoT platform Miraie, a statement from Panasonic Life Solutions I

Independent director Manju Agarwal quits Paytm Payments Bank board. "We hereby submit that PPBL is our associate entity and this event is not deemed material for the company and does not impact the operations/business of the company," OCL said

IRIS Business Services Q3 results: Profit increases 19% to Rs 1.76 crore. Global fintech firm IRIS Business Services has reported a profit of Rs 1.76 crore for December quarter 2023-24. In the year-ago period, the profit was Rs 1.48 crore. Revenue in April-December FY24 was Rs 72.35 crore as against Rs 53.47 crore in the year-ag

UdaanCapital disburses Rs 170 cr to Saint Gobain's distribution network. "We believe in forging strong partnerships to advance our goal of building next-generation working capital products for India's trade," said Chaitanya Adapa, Head of UdaanCapital

No review of action on Paytm Payments Bank: RBI governor Shaktikanta Das. Says the decision was made after a thorough evaluation of its operations

JM Financial Q3 results: Profit rises 46% to Rs 278 cr, NPAs stand at 4.5%. JM Financial on Monday posted a 46 per cent rise in net profit to Rs 278 crore in the December quarter on the back of robust revenue growth. In a statement, the company said both its topline at Rs 1,261 crore, which is more than 33 per cent over the same p

IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig. IndiGrid has announced the acquisition of 100 per cent of ReNew Solar Urja Private Limited (RSUPL). The deal is expected to be valued at Rs 1,650 crore

Govt nod for OCL investment in Paytm Payment Services awaited, says Paytm. Fintech firm One97 Communications Ltd (OCL) on Monday said it has not received government approval for a downstream investment in payment aggregator subsidiary Paytm Payment Services Ltd. In November 2020, PPSL applied for a licence with the Reserve Bank o

Physics Wallah founder waives off fee worth Rs 17 cr for 51,000 students. Edtech major Physics Wallah on Monday said its Founder Alakh Pandey has waived off fees for 51,000 underprivileged students for the 2023-24 academic year. The fee waiver was given for various courses spanning NEET, JEE, commerce, arts, and standard 9-12 co

Religare Enterprises board, Burman family of Dabur spar over open offer. A spokesperson for Burmans said that the banking regulator has taken note of the non-cooperation by Religare and has directed Religare to make the necessary applications to the banking regulator

Moneyboxx Finance Q3 results: Profit at Rs 2 cr, total income at Rs 33.5 cr. Moneyboxx Finance, an NBFC engaged in small business lending segment, has reported a profit of Rs 2.01 crore for the quarter ended December 2023. The company had incurred a loss of Rs 2.7 crore in December quarter last financial year. The company posted a

BLS International Services Q3 results: Profit rises by 90% to Rs 87 cr. Visa service provider BLS International Services on Monday reported a 90 per cent year-on-year rise in net profit to Rs 87.18 crore for the quarter ending December 2023, primarily driven by an improved business mix. The New Delhi-headquartered company had

PE majors Blackstone, ChrysCapital join race to buy Healthium Medtech. The company is generating good response from the potential bidders as it is focusing primarily on products in surgical and post surgical as well as chronic care

IPO-bound Arkade Developers plans Rs 700 cr investment in 3 projects. City-based builder Arkade Developers will be investing around Rs 700 crore in three projects in the megapolis that are expected to be completed over the next three to four years. Last week, the company received the regulatory nod to launch a Rs 430 crore

IOCL, ArcelorMittal get nod for arbitration to resolve Essar Steel dispute. The Supreme Court on Monday permitted Indian Oil Corporation (IOC) and ArcelorMittal Nippon Steel India Limited (AMNSIL) to initiate arbitral proceedings to resolve their dispute relating to Essar Steel India Limited (ESIL). A bench headed by Chief Justice

Kirloskar Oil Engines Q3 results: Net profit rises 21% to 82 crore. Net sales for the third quarter of this fiscal stood at Rs 1,125 crore, up from Rs 990 crore in the year-ago period, registering an increase of 14 per cent, it said

Ashneer files plea in NCLT, seeks exemptions in petition against BharatPe. BharatPe co-founder and former managing director Ashneer Grover has filed a plea before NCLT seeking waiver over a petition earlier filed by him alleging oppressive conduct and mismanagement by the board of the fintech firm. On this, the Delhi bench of Nat

Do not have any pilot shortage: Akasa Air founder and CEO Vinay Dube. The airline, which has a 23 Max aircraft in its fleet, cancelled a few flights on Sunday and Monday due to operational reasons. These cancellations were not due to lack of sufficient number of pilots

Akasa Air cancels 10 flights in two days, says it is an 'aberration'. Akasa Air on Monday said it has cancelled 10 flights in two days and termed it as an "aberration". While the airline did not disclose the reasons for the flight cancellations, sources in the know said it was facing a shortage of trained pilots. However, Ak

Unilever CEO Schumacher says board member Peltz backs strategic changes. When Unilever reported fourth quarter earnings last week, some investors and analysts said it was still not regaining lost market share quickly enough

HP seeks bn in losses from founder Lynch over autonomy fraud: Report. Founder Mike Lynch was found to have inflated Autonomy's revenue alongside his chief financial officer Sushovan Hussain

AI frenzy puts Nvidia briefly ahead of Amazon in market value: Report. The last time Nvidia was more valuable than Amazon was in 2002, when they were each worth under billion

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