Page 1195 - Company News

Toyota Kirloskar Motor expects record sales in bet on 'looks', high output

The company posted a net profit of Rs 1,404 crore in FY23, about 2.7 times more than its net profit in FY22

Riding on fresh demand, Hyundai Motor sees around 9% growth in FY24

Between January to December 2022, HMIL had sold 552,511 units, a 9 percent YoY growth

Rana Kapoor gets relief from SAT; Bain Capital sells 2.82% in L&T Finance

Bain Capital sells 2.82% in L&T Finance

Domestic air passenger traffic rises about 23% to 1.24 cr in August: ICRA

India's domestic air passenger traffic rose about 23 per cent year-on-year to 1.24 crore in August and was 6 per cent higher than the pre-Covid level (August 2019) of around 1.18 crore

Bain Capital slashes stake in L&T Finance Holdings by more than half

Investment firm Bain Capital sold more than half its stake in non-banking financial company L&T Finance Holdings in two block deals, data from BSE India exchange showed on Tuesday

U'khand govt approves service sector policy offering subsidies to investors

The Uttarakhand government on Tuesday approved the formulation of a policy offering land and subsidies to investors to give a push to sectors

SpiceJet completes payment of Rs 100 crore to KAL Airways Private Limited

The Delhi High Court on August 24 told CMD Singh to pay Rs 100 crore dues to Maran by September 10

Vedanta boss Anil Agarwal floats plan to consolidate copper assets

Mulls transfer of Zambia copper resources to listed Indian arm

Amazon to expand logistics network with 'restocking shelves' at stores

Amazon on Tuesday announced that the service, which is currently in a pilot test, will be more broadly available later this year

Godfrey shareholders reject proposal to sell unmanufactured tobacco

Shareholders of Godfrey Phillips India have rejected the company's proposal for a related party transaction to annually export unmanufactured tobacco

Railway Board shifts employees of electrification body to railway zones

The Railway Board has directed that employees of the Central Organization for Railway Electrification (CORE) be shifted to railway zones, citing that its present electrification assignment is ending

Resolution professional questions timing of cos cancelling Go First leases

Engine lessors tell NCLT moratorium for airline doesn't apply; arguments to continue on Sept 22

Building AGI stack to shield against potential frauds, says Paytm CEO

The company said there are around 50 million merchants in India who use quick response (QR) codes for payments

Lenskart unit Neso Brands makes $4 mn investment in Paris eyewear brand

Le Petit Lunetier is a direct-to-consumer eyewear brand offering fashionable designs

Maruti, Hyundai say diesel PV sales may dip with stricter emission norms

Leading carmakers Maruti Suzuki India and Hyundai Motor India on Tuesday said the percentage of diesel cars in passenger vehicle sales is expected to come down with stricter emission regulations

SAP Labs India's Sindhu Gangadharan appointed as Nasscom vice-chairperson

Earlier this year, Gangadharan was appointed as chairperson of the Nasscom GCC Council for the financial year 2023 to 2025

NTPC announces payement of final dividend of Rs 2,908.99 cr for FY 2022-23

State-owned power giant NTPC on Tuesday announced payment of Rs 2,908.99 crore final dividend for 2022-23

Hindalco announces tech partnership with Italian firm to make rail coaches

Novelis, Indian firm's subsidiary, secures anchor customer for upcoming US plant

Retail unit sale propels Citi India FY23 net profit to Rs 13,614 crore

American lender Citi's FY23 net profit from India operations zoomed to Rs 13,614 crore on the back of the retail unit's sale to Axis Bank

Sterlite Power reports 30% rise in net profit to Rs 322 cr in 2022-23

Sterlite Power on Tuesday reported over 30 per cent rise in its standalone net profit to Rs 322.01 crore for 2022-23, mainly on the back of higher revenues