Page 1131 - Company News
Indian patent office to hire 900 people to enhance manpower: DPIIT secy
Singh said that patent filing has increased by ten times and trademark application filing by six times since 2016
 "Indian patent office to hire 900 people to enhance manpower: DPIIT secy")
Indian Oil to invest Rs 1,660 cr in exchange for 50% stake in JV with NTPC
Indian Oil also announced the appointment of Anuj Jain as its chief financial officer
 "Indian Oil to invest Rs 1,660 cr in exchange for 50% stake in JV with NTPC")
Accenture skips pay hikes and promotions in India and Sri Lanka this year
The US-based IT firm has cited challenging macro environment and slower growth than was initially planned as reasons for skipping pay hikes during the company's financial year (September to August)
 "Accenture skips pay hikes and promotions in India and Sri Lanka this year")
Wadias likely to leave Go First, show no intent to bid for grounded airline
Cash-strapped Go First filed for bankruptcy in May, blaming 'faulty' Pratt & Whitney engines for the grounding of about half its fleet
 "Wadias likely to leave Go First, show no intent to bid for grounded airline")
Delhi HC stays proceedings against Hero MotoCorp, chairman Pawan Munjal
The stay on the operation of the FIR as well as the trial court order will remain in force till December 6, the next date of the hearing
 "Delhi HC stays proceedings against Hero MotoCorp, chairman Pawan Munjal")
Q2 results: HCLTech net beats estimates, but FY24 growth forecast cut
HCLTech reported on Thursday a net profit of Rs 3,833 crore for second quarter (Q2) of FY24, a 9 per cent increase from Rs 3,487 crore in the same period last year
 "Q2 results: HCLTech net beats estimates, but FY24 growth forecast cut")
MO Alternates, Temasek, Paragon to invest Rs 800 crore in Niva Bupa
Health insurer Niva Bupa on Thursday said a clutch of private equity funds have committed to invest Rs 800 crore in the company
 "MO Alternates, Temasek, Paragon to invest Rs 800 crore in Niva Bupa")
Akasa cancels flights from Bengaluru, airline says network 'rationalised'
According to the spokesperson, with its advanced pilot planning and training programmes, the airline is "now squarely back in growth mode"
 "Akasa cancels flights from Bengaluru, airline says network 'rationalised'")
Infosys announces five-year extension of its JV pact with Temasek
India's second largest IT services company Infosys on Thursday announced a five-year extension of its joint venture collaboration with Temasek, a global investment firm headquartered in Singapore
 "Infosys announces five-year extension of its JV pact with Temasek")
Market regulator Sebi examining Burmans' open offer for Religare Ent
On September 26, the Burman family announced the open offer to acquire an additional 26 per cent stake in Delhi-based Religare Enterprises, costing up to Rs 2,116 crore
 "Market regulator Sebi examining Burmans' open offer for Religare Ent")
Ichnos Sciences, Astria Therapeutics sign licensing deal for OX40 portfolio
Ichnos is set to receive $320 million upfront for development, regulatory and sales payments, coupled with low double-digit royalties
 "Ichnos Sciences, Astria Therapeutics sign licensing deal for OX40 portfolio")
Indigo flight cancellations, delays affect 76,000 passengers in Sep: DGCA
However, Air India offered them flights on other airlines, served them refreshment and lunch and spent Rs 5.27 lakh on facilitation, as part of mitigating efforts
 "Indigo flight cancellations, delays affect 76,000 passengers in Sep: DGCA")
Vedanta incorporates wholly-owned arm to carry out iron, steel biz
Vedanta Ltd on Thursday said it has incorporated a wholly-owned arm, 'Vedanta Iron and Steel Ltd, as part of its demerger drive
 "Vedanta incorporates wholly-owned arm to carry out iron, steel biz")
HDFC AMC Q2 results: Net profit rises 20% to Rs 436.5 cr, revenue grows
The company has 79 lakh individual mutual fund customers, with 136 lakh live accounts
 "HDFC AMC Q2 results: Net profit rises 20% to Rs 436.5 cr, revenue grows")
Rolling in luxury: Top-end carmakers spin wheels of bespoke experience
From drifting and slaloming on sheets of ice to bending laws of motorsport physics, auto majors curate thrills beyond the road
 "Rolling in luxury: Top-end carmakers spin wheels of bespoke experience")
Q2 results: Infosys cuts FY24 guidance to 1-2.5%, net profit up 3.2%
For the second quarter of FY24, the company reported net profit of Rs 6,212 crore up 3.2 per cent year-on-year (YoY). Sequentially, it was up 4.5 per cent
 "Q2 results: Infosys cuts FY24 guidance to 1-2.5%, net profit up 3.2%")
Amazon's expansion into logistics services could unlock $100 bn in revenue
Analysts see the strategy echoing what the firm achieved with its cloud business, when it built Amazon Web Services to serve its own needs before opening the platform to third-party merchants
 "Amazon's expansion into logistics services could unlock $100 bn in revenue")
Microsoft says US IRS has asked for $28.9 billion in audit dispute
Microsoft said it believes that any taxes owed after the audit would be reduced by up to $10 billion based on tax laws passed by former President Donald Trump
 "Microsoft says US IRS has asked for $28.9 billion in audit dispute")
RBI likely to complete vetting bidders for IDBI Bank by October-end
The RBI normally takes about 12-18 months to complete the assessment before allowing an entity to run a bank
 "RBI likely to complete vetting bidders for IDBI Bank by October-end")
Google vows to fight European Union's threat to break up its ad business
The EU case is a direct attack on the black-box of online advertising where Google automatically calculates and offers ad space and prices to advertisers and publishers as a user clicks on a web page
 "Google vows to fight European Union's threat to break up its ad business")