Page 1094 - Company News
Motilal Oswal Financial Services Q2 results: Net profit up 4% to Rs 531 cr
Total revenues jumped 30 per cent to Rs 1,416 crore in the quarter under review from Rs 1,087 crore in the year-ago period
 "Motilal Oswal Financial Services Q2 results: Net profit up 4% to Rs 531 cr")
Blue Jet Healthcare shares jump over 19% in debut trade, settling at Rs 413
The Initial Public Offering (IPO) of Blue Jet Healthcare was subscribed 7.95 times on the final day of subscription on Friday
 "Blue Jet Healthcare shares jump over 19% in debut trade, settling at Rs 413")
Hero MotoCorp Chairman Pawan Munjal to take 20% cut in fixed salary
Earlier this year, Munjal decided to separate the roles of the Chairman & CEO and appoint a CEO for the company, Hero MotoCorp said in a regulatory filing
 "Hero MotoCorp Chairman Pawan Munjal to take 20% cut in fixed salary")
HDFC Bank revises Regalia CC lounge access program, to depend on spending
On reaching the quarterly milestone, the customers are eligible for just two complimentary lounge access vouchers. Post which, the access will depend on the credit card spending of the cardholders
 "HDFC Bank revises Regalia CC lounge access program, to depend on spending")
IRB Infra Trust completes refinancing of 5 BOT projects for Rs 6,400 cr
The new interest rate will be 8.6 per cent against 9.7 per cent earlier and help save the company Rs 1,000 crore over the next 5 years, it said
 "IRB Infra Trust completes refinancing of 5 BOT projects for Rs 6,400 cr")
Tariffs need to go up, industry should become viable: Airtel CEO Vittal
To a question on timing and possible extent of any tariff hike, Vittal noted that tariffs are low in India
 "Tariffs need to go up, industry should become viable: Airtel CEO Vittal")
SBI raises Rs 10,000 crore via Tier-II bonds at 7.81% coupon rate
Gets over Rs 15,000 crore worth of bids According to bond market sources, SBI raised a debt capital of Rs 3,100 crore through Additional Tier-I bonds (AT1) earlier this financial year
 "SBI raises Rs 10,000 crore via Tier-II bonds at 7.81% coupon rate")
Tata Consumer to merge 3 subsidiaries to reduce compliance requirements
The scheme involves the amalgamation of wholly-owned subsidiary companies with the holding company
Kia India sales jumps 4.4% at 24,351 units on positive festive season view
The company is working towards maintaining the same momentum in the coming months, he added
 "Kia India sales jumps 4.4% at 24,351 units on positive festive season view")
315Work Avenue leases 162,000 sq. ft. of shared office space to BNY Mellon
315Work Avenue now has five centres spread across 0.5 million square feet in Pune, totalling around 10,000 seats in the city and plans to double it by 2024
 "315Work Avenue leases 162,000 sq. ft. of shared office space to BNY Mellon")
Ashok Leyland posts 13% rise in total sales to 16,864 units in October
Domestic sales were up 14 per cent at 15,759 units as against 13,860 units in October 2022, Ashok Leyland said in a statement
 "Ashok Leyland posts 13% rise in total sales to 16,864 units in October")
TVS Motor posts 21% increase in total dispatches at 4,34,714 units
Two-wheeler sales were at 4,20,610 units in October as against 3,44,630 units in the year-ago period, up 22 per cent, it added
 "TVS Motor posts 21% increase in total dispatches at 4,34,714 units")
Deepesh Nanda appointed as President-Renewables, CEO & MD of TPREL
Nanda is an alumnus of Annamalai University. He did his MBA from the Open University Business School, Milton Keynes, UK, and has undergone extensive leadership training at GE Crotonville
 "Deepesh Nanda appointed as President-Renewables, CEO & MD of TPREL")
No impact on Indian biz amid WeWork Global's bankruptcy reports: Official
"In India, we will continue to operate and serve our members, landlords, and partners as usual," Virwani said
 "No impact on Indian biz amid WeWork Global's bankruptcy reports: Official")
Maruti Suzuki records highest-ever monthly sale; sells 199,217 units in Oct
Utility vehicle sales for the company stood at 59,147 units in October 2023 which was almost double the 30,971 units sold in October 2022
 "Maruti Suzuki records highest-ever monthly sale; sells 199,217 units in Oct")
REC Q2 results: Profit soars by 39% to Rs 3,790 crore in Jul-Sep quarter
Total income rose to Rs 11,701.26 crore in the quarter from Rs 9,964.00 crore in the same period a year ago
 "REC Q2 results: Profit soars by 39% to Rs 3,790 crore in Jul-Sep quarter")
Hero MotoCorp reports 26% jump in total sales to 574,930 units in October
Hero MotoCorp expects the demand to remain optimistic on the back of the recent product launches in the premium segment and the ongoing festive season
 "Hero MotoCorp reports 26% jump in total sales to 574,930 units in October")
Aston Martin to double its volume with new South India dealership
Aston Martin's decision to expand its footprint in South India reflects a strategic choice, due to the region's growth in the sports car segment
 "Aston Martin to double its volume with new South India dealership")
Tata Motors October Sales: Total domestic sales up 6% YoY, EVs shine
Electric passenger vehicle sales went up by 28 per cent YoY. This includes both domestic and international business figures
 "Tata Motors October Sales: Total domestic sales up 6% YoY, EVs shine")
Infosys asks some staff back in office 10 days a month, bucks global trend
Since the pandemic, they had been allowed to work remotely full-time, and the company's other employees are still permitted to do so
 "Infosys asks some staff back in office 10 days a month, bucks global trend")