Page 1220 - Company News

Car discounts sputter in Aug but set to regain speed: Who offers what

Anticipated strong festival demand in automotive industry may lead to reduced discounts for utility vehicles

BHEL stock powers up on improved prospects for growth, new orders

Many analysts though are bearish due to state-owned firm's muted financials and likely low valuation

Aditya Birla Fashion & retail to raise Rs 750 cr on or after September 4

Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday

Bata India to introduce VRS for worker at its Southcan Unit in Karnataka

Footwear company Bata India will introduce a voluntary retirement scheme for all eligible workers at its Southcan unit located in Karnataka, the company said on Thursday

Adani group companies' shares feel OCCRP pinch, decline by up to 4%

9 of 10 group stocks end in red, market capitalisation falls by Rs 36,000 crore

Verlinvest Asia pared 12.56% stake in Sula Vineyards for Rs 513 cr

According to the bulk deal data available with the NSE, Verlinvest Asia Pte offloaded a total of 1.06 crore shares, amounting to a 12.56 per cent stake in Sula Vineyards

JKC deposits another Rs 100 cr in Jet Airways under its revival plan

Jet Airways has not flown since April 17, 2019

X, formerly Twitter, to collect biometric and job information of users

The changes are part of its new privacy policy

It's Sahasra Electronics, the chipmaker who came in from the cold

It could have been Foxconn. But the world's largest contract electronics manufacturer said on July 10 it had withdrawn from its $19.5 billion semiconductor joint venture with Vedanta

Who is Chang Chung-Ling: Chinese link featured in OCCRP report on Adani

Chang Chung-Ling has also been identified as the sole director of Growmore, allegedly a shell company based in Mauritius used to siphon off funds

Who is Nasser Ali Shaban Ahli: UAE link featured in OCCRP report on Adani

One of the initial cases where his name features is that of an investigation by the Directorate of Revenue Intelligence (DRI) into alleged illegal diamond trading by Adani companies in 2007

Govt invites Expression of Interest from bidders for IMPCL strategic sale

The turnover of the company rose by 59 per cent to Rs 261 crore in FY22. Its profit after tax stood at Rs 34 crore for 2021-22

Go First to credit two months of salary in Sept: CEO Kaushik Khona

Go First has 2,198 employees on its payroll, of which 1,000 are serving their notice period. The airline has 103 captains, 26 co-pilots, and 374 cabin crew staff

India's hiring outlook for festive season shining, shows Indeed survey

69 per cent of employers surveyed are looking to hire temporary workers this festive season

Essar Oil reports Rs 190 cr revenue, net profit of Rs 81 cr for June qtr

The PAT for the quarter was up 12 per cent due to improvement in sales volume, it said in a statement

Ola Electric registers over 400% growth in Aug; gears up for festive season

Ola which competes with players such as Ather Energy, Okinawa, Hero Electric and TVS Motor company said it has maintained a market share of about 30 per cent during August

ICEA urges govt to rethink new laptop, tablet and PC import policy

The development came a day after Ashwini Vaishnaw, Union Minister for Communications and IT said the industry had not raised any concerns on the import licensing requirement

Fitch Ratings affirms 'BBB-' rating on ONGC with a outlook stable

The SCP also considers Fitch's expectations that ONGC's credit metrics will improve over the financial years ending March 2024 (FY24) to FY27

FMCG-maker Nestle India enters into millets-based Ready-to-Make category

The product has been developed under the guidance of the Indian Millet Institute of Millet Research, supporting the government initiative to promote millet as a more sustainable food option

Air India submits quality manual, SOP to DGCA to activate simulator licence

DGCA has suspended the airline's both simulators; pilots' license renewal process has stopped