Page 1124 - Company News

P&G sales surpassed analysts' estimates as price hikes offset lower volume

Organic sales rose 7% in the quarter ended Sept. 30, the maker of Tide detergent and Pampers diapers said Wednesday. Analysts had projected growth of 5.8%, according to data compiled by Bloomberg

IBM, MeitY join hands to boost AI, quantum and semiconductors in India

The platform is designed to deploy AI models for language, code, and geospatial science and will also adapt to training and building AI models in other domains as needed

Bengaluru-bound IndiGo flight returns to Singapore due to 'baggage error'

Tagging IndiGo, a user on X said, "Congratulations on achieving the impossible... Singapore Bengaluru flight at 5:40 am made to turn back coz you guys forgot to offload luggage from incoming flight"

SLMG Beverages introduces 100% recycled PET bottles for Coca-Cola

The strategic leap not only reflects SLMG's dedication to environmental stewardship but also signifies a pivotal moment in the beverage industry's landscape in India, the company said in a statement

Vivo PMLA case: Court sends Lava MD, Chinese national to judicial custody

Additional Sessions Judge Devender Kumar Jangala, however, extended by two days the custodial interrogation of co-accused Nitin Garg

Ford Motor announces top management reshuffle as UAW strike drags on

Automakers are dealing with ongoing strikes by the United Auto Workers union that has led to total economic losses of $7.7 billion through Oct. 12

Suzuki eyes exporting India-made EVs to Japan as early as 2025: Report

The production line would also make gasoline-powered cars and would reach an expected capacity of 250,000 units a year, the newspaper added

X tests $1 fee for new users in Philippines, New Zealand to target spam

Since Musk bought X a year ago, he has introduced a slew of changes such as renaming the platform and gutting its workforce including its content moderation team

Piramal plans to raise Rs 1,000 cr from its maiden NCD opening on Thursday

According to Jairam Sridharan, MD, Piramal Capital & Housing Finance Ltd, 60 per cent of issue is reserved for high net-worth individuals and retail investors

NHPC suffered expected loss of Rs 233.56 cr due to flash floods in Sikkim

Insurance amount claimed and realised by the listed entity for the loss/ damage is "Nil" (as on date), it informed

Airtel launches CCaaS platform to unify contact centre solutions for firms

The platform combines Voice as a Service and cloud connectivity, that can help reduce significantly reduce investments of enterprises

India to become world's third largest economy by 2027, says JP Morgan MD

JPMorgan's managing director of Asia Pacific equity research, James Sullivan, said that India's GDP will double to $7 trillion by 2030

Diagnostic services firm Manipal HealthMap acquires Medcis Pathlabs

Company buys remaining stake in peer after first deal in 2022 gave it 84%

Finolex case: SC issues notices to NCLAT judicial member, technical member

A bench headed by Chief Justice DY Chandrachud took strong exception to the passing of a judgement by the NCLAT bench

Dalmia Polypro to raise $30 mn from US' DFC to build facility in Maha

The US International Development Finance Corporation (DFC) on Wednesday committed USD 30 million to Dalmia Polypro Industries for building a plastic recycling facility in Maharashtra

Sony-Zee merger may be finalised by November despite appeals from banks

IDBI Bank and Axis Finance have both filed pleas National Company Law Appellate Tribunal (NCLAT) challenging the merger

Official action indicated for Biocon arm's unit in Malaysia after FDA probe

The OAI (official action indicated) status may cause delay and/or withholding of pending product approvals or supplements from the facility, Biocon Ltd said in a regulatory filing

Adidas lifts revenue guidance, forecasts smaller 2023 operating loss

The German company said it now expects an operating loss for 2023 of around 100 million euros ($106 million), from a previously expected 450 million euros

IT sector job woes may pull down overall consumer demand in India

Historically, there is a strong positive correlation between the growth of compensation (salary, wages, etc) in the IT sector and the growth of PFCE in the economy

CCI approves merger of IDFC Ltd with its subsidiary IDFC FIRST Bank

IDFC FIRST Bank is in the business of providing banking services, while its parent IDFC Ltd (IDFCL) is an RBI-registered non-banking financial company