Page 1103 - Company News

BMW boosts earnings with higher-priced, electric cars; revenue up 3.4%

The German group has maintained a cautiously optimistic tone through the year, and raised its automotive margin outlook in August

Maersk Group to cut at least 10,000 jobs as shipping boom unravels

The company kept its full-year guidance for revenue and operating profit but now expects both to land at the lower end of the range

Air India to add more than 400 weekly flights over the next 6 months

On international routes, Air India plans to operate over 200 weekly flights, of which over 80 have already been added

Arvind Fashions to sell Sephora retail division to Reliance for Rs 99.02 cr

Reliance launched its own beauty retail platform, Tira, in April to take on the likes of Nykaa and the Tata Group

IT-focused cities in India seeing job de-growth: Naukri JobSpeak report

The report further suggested that the market is now preferring experienced professionals over freshers

Raymond Group to acquire 59.25% stake in Maini Precision for Rs 682 cr

With this acquisition, Raymond's engineering business will emerge as a large‐scale provider of engineering, automotive, electric vehicle (EV), aerospace and defence components

NTPC produces 19 MT coal from captive mines in Apr-Oct; supply at 20 MT

In addition, NTPC has also achieved a coal dispatch of 20.225 MT till October 31, FY24, up 94 per cent over the supplies made in the year-ago period

Adani Ports & SEZ total cargo volumes rise 48% Y-o-Y to 37 MMT in October

The total cargo volume of the company's ports in India touched 36 MMT, recording a 43 per cent Y-o-Y growth

India an extraordinary market, lot of headroom for growth: Apple's Tim Cook

Cook said that Apple's iPhone revenue was ahead of the company's expectations, and the two stores it opened in the country are doing better than anticipated

Go First's aircraft, engines can be returned to lessors: DGCA tells HC

According to a report, Jindal Power, which had shown its interest in the airline, may not go ahead with its financial bid

Zurich Insurance to pick 51% stake in Kotak Gen Insurance for Rs 4,051 cr

Plans to increase stake to 70% within three years

Students get placement jitters as IT majors slow down campus hiring

Most of the big-ticket IT players are loath to recruit from Tier-2 and Tier-3 institutes

Govt sends notice to Apple about 'state-sponsored attacks' alert on iPhones

IT Minister Ashwini Vaishnaw rejected the allegations of hacking by the government and said that they would conduct a thorough probe

ESPN could be valued at $24 billion, likely buyers Apple and Verizon

Disney begins appraisal process for Hulu stake Walt Disney said it plans to buy Comcast's one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year

Adani buys remaining 51% stake in BQ-publisher Quintillion Business Media

Quintillion was Adani's first bet in the Indian news industry before taking about 65 per cent stake in broadcaster NDTV in December last year

Adani Green in talks to borrow $1.8 billion loan from foreign lenders

The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private

Britannia sees a clear slowdown in rural markets, says Varun Berry

He also said that the company is rapidly evolving in digital marketing and is leveraging digital in e-commerce

Cognizant Q3 profit down 16.5%, 2023 revenue guidance at -0.7% to flat

The revenue for the fourth quarter is expected to be in the range of $4.69-$4.82 billion, a decline of 4 per cent to 1.2 per cent in constant currency

Hero Moto records 15% retail sales growth in 17 days of festival season

High demand for entry-level vehicles in this period: CGO Ranjivjit Singh

Reckitt Benckiser India, distributors at loggerheads over incentives

Distributors not happy with damage claims policy