Page 1100 - Company News

McDonald's gets sales lift from cheaper menu, McNuggets promotion

McDonald's has done a "fantastic job" in returning to menu items that have performed well over time to boost sales and margins, Stephens analyst Joshua Long said

Meta platform introduces ad-free plans for Instagram, Facebook in Europe

The EU regulations threaten to curb Meta's ability to personalize ads for users without their consent and hurt its major revenue source

Godrej Locks aims double-digit growth amid changing market dynamics

Retaining an optimistic outlook, the country's largest lock maker noted that the urban market has rebounded to pre-COVID growth levels, surpassing its previous performance

Sri Lankan govt renews Lanka Indian Oil petroleum license for 20 years

The government has renewed the petroleum products license granted to Lanka IOC, the local subsidiary of Indian Oil Corporation, for another 20 years, the LIOC said

Govt gets multiple expressions of interest for strategic sale of IMPCL

The second stage would involve due diligence and subsequent issue of RFPs (request for proposals) for financial bids

Govt asks private companies to dematerialise securities by Sept 2024

The requirement will be applicable to private companies, excluding small companies and government companies

Raymond secures redevelopment project in Mumbai, eyes Rs 1,700 cr revenue

Earlier this month, the company said it would invest up to Rs 301 crore in its arm Ten X Realty Ltd

Manipal Group invests in Purplle with secondary purchase from JSW Ventures

With this transaction, JSW Ventures has fully exited its stake in Purplle from Fund I and has returned 2.7 times the fund size to its investors so far

HCLTech to drive Banco do Brasil's digital transformation with Salesforce

Banco do Brasil is one of the largest financial institutions in Latin America

Waaree Energies secures 200 MW module supply order from ENGIE India

The company is developing the Sayla village project, designated as GUVNL 2, under a 25-year solar power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL), it informed

Realty firm Macrotech to launch housing projects worth Rs 12,000 cr by Mar

The company launched 3.7 million square feet of area during the first six months of this fiscal

Space-tech company Skyroot raises $27.5 mn in funding round led by Temasek

Skyroot plans to utilise the newly acquired capital to drive its next growth phase

Lenskart acquires computer vision startup Tango Eye for undisclosed amount

In stores, Tango Eye's technology analyses CCTV footage to provide analytics, optimise customer flow and ensure proper adherence to all procedures

CCAvenue.ae launches mobile-based QR Code payment solution in the UAE

This is the company's first foray into the offline payment space in the UAE market

Sun Pharma and Zydus Lifesciences partner to market kidney drug Desidustat

Under this licensing agreement, Zydus has granted Sun Pharma semi-exclusive rights to co-market Desidustat in India

Majority organisations' very concerned' on impact of data law: EY study

While the rules that would provide exact processes of the DPDP Act are yet to be notified, the government has consistently claimed that large organisations must not require much time to comply

Zydus, Sun Pharma ink licensing pact to co-market CKD treatment drug

The companies have entered into a licensing agreement to co-market the innovative drug, Desidustat, in India, Zydus said in a regulatory filing

Hiring in the Indian IT sector shrinks for the first time in 25 years

The workforce in the top 10 Indian IT companies fell to 2.06 million at the end of the July-September quarter, a fall of 51,744 people

Fincare SFB to merge with AU Small Finance Bank in all-share deal

At present, AU's market capitalisation is Rs 46,000 crore, the highest among small finance banks. The market capitalisation of the merged entity will be slightly over Rs 50,000 crore

Save the date: India's largest luxe mall opens its doors on November 1

The mall will showcase a host of prestigious luxury brands, including Bvlgari, Cartier, Louis Vuitton, Versace, Valentino, Manish Malhotra, Abu Jani Sandeep Khosla, and Pottery Barn, among others