Page 1040 - Company News

Toyota Kirloskar Motor sales up by 51% at 17,818 units in November

The company had sold 11,765 units in November 2022, Toyota Kirloskar Motor (TKM) said in a statement

Whirlpool plans to sell 24% ownership in India business to reduce debt

Whirlpool of India reported a 23.7% drop in second-quarter profit earlier this month, as the home appliances maker grappled with weak demand amid stiff competition

BFSI forms larger pie of corporate profits in India than US, Europe

This surge is largely due to rising lending rates and an expansion in the net interest margins of banks and non-bank lenders

Stock Holding Corp of India faces Rs 16 lakh fine for flouting market rules

The decision came after Sebi had conducted an inspection of documents, and other records of SHCIL, a Designated Depository Participant (DDP), to verify the possible violations of the rules

Electronics maker services firm Dixon expects Rs 19k cr revenue this fiscal

Dixon Technologies vice chairman and managing director Atul Lall said the company has plans to double its headcount over the next two years

Biocon Biologics integrates Viatris' biosimilar biz in 31 European nations

The company, a unit of Biocon Ltd, had earlier announced the integration of Viatris Inc's business in over 70 countries in emerging markets, effective July 1, 2023, and North America in September 2023

D-Mart's Damani tops list of '200 Self-Made Entrepreneurs Of Millennia'

Sachin Bansal and Binny Bansal of Flipkart, Deepinder Goyal of Zomato among others in the list

UltraTech to buy Kesoram Industries' cement business in all-stock deal

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

'Can no longer sustain': Grounded airline Go First CEO Kaushik Khona quits

Khona was appointed as the CEO of the no-frills airline in 2020 after the incumbent and current Akasa Air CEO, Vinay Dube, stepped down from the position

Tata Coffee gets board nod for Rs 450 cr investment for capacity expansion

The board has approved the setting up of an additional 5,500-tonne freeze-dried coffee facility in Vietnam, the company said in a regulatory filing

PVR Inox plans to open 150 screens next fiscal with Rs 500 crore investment

The country's largest multiplex operator PVR Inox will open 150 screens in the next fiscal with an investment of about Rs 500 crore, a top company official has said.

Air India passengers onboard flight face water leakage inside cabin

An Air India spokesperson said flight AI169 operating from Gatwick to Amritsar on November 24 had developed a rare occurrence of condensation adjustment inside the cabin

Edtech firm upGrad's revenue jumps 96% for FY23, Ebitda loss shrinks

Company says its learner base has crossed 10 million and paid learners have grown 54%

Ahead of IPO, Mamaearth sold excess stock of its products to distributors

Around 70 distributors in Maharashtra and Goa are sitting on 90 days of inventory

Vascon Engineers board approves plan to raise Rs 125 crore via QIPs

Vascon Engineers Ltd board also constituted a QIP committee and authorised it to decide the terms and conditions of the proposed fundraise for the issue

IT major Infosys inks pact with Shell for sustainable data centres

Infosys and Shell will bring together their capabilities in digital and energy, respectively, along with an ecosystem of partners to create an integrated offering for green data centres

Go First CEO Kaushik Khona resigns amid airline's uncertain future

Go First stopped flying in early May and filed for voluntary bankruptcy proceedings amid financial woes, mainly triggered by Pratt & Whitney engine issues

HCCB to launch Rs 1,387-crore Maharashtra greenfield factory in Feb

The facility will utilise water sourced from the Vashishti River, supplied through the MIDC pipeline

Britain's antitrust regulator wins appeal to probe Apple's mobile browser

The Competition and Markets Authority (CMA) opened a full investigation last year into the dominance of Apple and Alphabet Inc's Google in mobile browsers

NCLT has power to decide IBC disputes, not HC: Go First RP to Delhi HC

Kaul also questioned which resolution applicant would be interested in the Corporate Debtor if it's not revived?