Page 1137 - Company News

Samsung India Electronics profit declines 10% to Rs 3,452 crore in FY23

Samsung India Electronics registered about a 10 per cent decline in consolidated net profit to Rs 3,452.3 crore in 2022-23, according to details shared by market intelligence firm Tofler

Zee-Sony case: NCLAT defers hearing over IDBI, Axis Finance plea to Oct 31

Both have challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT) to approve the merger

Air India to receive remaining 20 leased A320neo aircraft by August 2024

In September 2022, the Tata Group-led airline announced that it is leasing 21 A320neos and 4 A321neos to enhance its flight operations

HDFC Life Q2 net profit up 15.5% to Rs 376.77 crore; VNB margins moderate

For the April-Sep period, net profit increased 15 per cent year-on-year to Rs 792 crore on the back of a healthy back book surplus

Indian Bank partners with Tata Motors arms to offer supply-chain financing

As part of collaboration with Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility , Indian Bank would offer to authorised dealers for electric and passenger vehicles division

BMW posts record car sales at 9,580 units in India in Jan-Sep period

The BMW brand clocked 8,998 units in the first nine months of the year, up 10 per cent from the year-ago period

Venture Highway gets 50x returns in secondary sale of stake in Meesho

Venture Highway, an early and long-term backer of Meesho, invested in the company's first seed round over eight years ago

Vivo PMLA case: Court extends ED custody of accused by three days

Additional Sessions Judge sent accused to 3-day custody of ED after the anti-money laundering agency sought their remand for 10 days for further custodial interrogation

Citigroup profit holds steady in Q3 as investment banking fees jump

The bank's trading unit also boosted revenue, while its division providing treasury and securities services to corporations brought in 12% more revenue

Mahindra Lifespace buys 5.38 acre land in Pune to build realty project

This land acquisition is aligned with the company's strategy to further solidify its presence in the city's pivotal micro-markets, he added

Coca-Cola India's spending on brands expected to be highest in H2: Official

Coca-Cola India's Advertising promotional expenses were at Rs 737.97 crore in FY22, according to the financial data accessed by the business intelligence platform Tofler

BlackRock clients pull $13 billion from long term investment funds

Adjusted net income rose 13% from a year earlier to $1.6 billion, or $10.91 a share, beating Wall Street's average estimate of $8.20. Revenue rose 5% to $4.5 billion

JPMorgan profit rises on interest income boost, First Republic purchase

Shares of the bank fell 0.7% in premarket trading

Zydus unit recalls 7,248 bottles of Oxybutynin Chloride tablets in US

A unit of Zydus Lifesciences is recalling over 7,000 bottles of Oxybutynin Chloride tablets in the US due to manufacturing issues, according to the US Food and Drug Administration (USFDA)

Ashok Leyland bags order for 1,666 new buses from Tamil Nadu STUs

Ashok Leyland is the fourth-largest manufacturer of buses in the world and India's largest bus manufacturer

A-I Express set to induct 50 new Boeing 737 MAX planes in next 15 months

Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business

Kothari Industrial sets up a drone division to serve agricultural lands

KICL is likely to invest over Rs 150 crore into the drone division over the next few years, a company statement here said

Lupin receives tentative approval from US FDA for apalutamide tablets

Lupin develops and commercialises a wide range of branded and generic formulations, biotechnology products, and Active Pharmaceutical Ingredients (APIs) in over 100 markets

Amazon, Exxon hydrogen hubs set to receive portions of $7 bn US Funds

The hydrogen hub awards, which were funded in 2021's bipartisan infrastructure law, mark the culmination of a furious race between states

IndiGo co-founder Gangwal in talks to buy 'sizable' stake in SpiceJet

IndiGo shares were up 0.9% in afternoon trading on Friday