Page 1237 - Company News
Ashok Leyland to acquire OHM India as part of EV plan, to invest Rs 300 cr
OHM India is envisaged to operate in transportation, logistics operation and management and eMaaS
 "Ashok Leyland to acquire OHM India as part of EV plan, to invest Rs 300 cr")
Agri-food startup 'Farmers Fresh Zone' receives recognition from UN
Under this programme, Farmers FZ would receive grants and other funds to make the necessary changes needed for each market, helping them widen their reach and making the business global
 "Agri-food startup 'Farmers Fresh Zone' receives recognition from UN")
Easy Trip Planners Q1 profit down 22% to Rs 26 cr, revenue at Rs 124 cr
Consolidated revenue from operations during the first quarter of the current fiscal stood at Rs 124.05 crore, as against Rs 87.58 crore a year ago
 "Easy Trip Planners Q1 profit down 22% to Rs 26 cr, revenue at Rs 124 cr")
Penguin Random House announces imprint for publishing in Indian languages
The imprint will focus on exploring literature in various Indian languages and making English language books more widely available through translations
 "Penguin Random House announces imprint for publishing in Indian languages")
Shriram Properties Q1 profit rises 59% to Rs 16.62 cr on better income
Its net profit stood at Rs 10.47 crore in the year-ago period. The total income rose to Rs 157.17 crore during the April-June period of 2023-24 from Rs 145.11 crore in the year-ago period
 "Shriram Properties Q1 profit rises 59% to Rs 16.62 cr on better income")
Finolex Cables net profit rises 39% to Rs 132.2 cr in Q1, revenue up 19%
The Pune-headquartered company in a statement said its revenue for the quarter rose 19 per cent to Rs 1,204.3 crore from Rs 1,015.7 crore recorded in the corresponding period of FY23
Wockhardt loss widens to Rs 136 cr in Q1 due to higher expenses
The company had posted a consolidated loss after tax of Rs 75 crore in the year-ago period, Wockhardt Ltd said in a regulatory filing
 "Wockhardt loss widens to Rs 136 cr in Q1 due to higher expenses")
AstraZeneca Pharma India Q1 PAT jumps over two-fold to Rs 53.86 cr
The company had posted a profit after tax of Rs 20.15 crore in the same quarter last fiscal, AstraZeneca Pharma India said in a regulatory filing
Hi-Tech Pipes Q1 net profit grows around 80% to Rs 8 cr, revenue up 24%
It had clocked Rs 4.48 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday
 "Hi-Tech Pipes Q1 net profit grows around 80% to Rs 8 cr, revenue up 24%")
MakeMyTrip, Ministry of tourism unveil 600+ travel destinations in India
Promoting lesser-known tourist destinations in the country, MakeMyTrip in collaboration with the Ministry of Tourism has launched the "Traveller Map of India"
 "MakeMyTrip, Ministry of tourism unveil 600+ travel destinations in India")
Disclosure norms in data law likely to create barriers for generative AI
Enterprise AI solution firms are reviewing the Bill while closely watching the discussions of the transition period
 "Disclosure norms in data law likely to create barriers for generative AI")
Morgan Stanley backed RE firm Continuum to refinance $400 mn bonds
Company's interest savings will likely be minimal despite a lower funding cost, says S&P
 "Morgan Stanley backed RE firm Continuum to refinance $400 mn bonds")
SRAM, MRAM may onboard SK Hynix, GlobalFoundries for chip plant in India
SRAM & MRAM Group has proposed to set up a semiconductor manufacturing plant and a testing unit in Odisha
 "SRAM, MRAM may onboard SK Hynix, GlobalFoundries for chip plant in India")
SK Hynix denies negotiation, collaboration with SRAM & MRAM for chip plant
Hiranandani had said that his group will hold a majority stake in the joint venture and the application to seek the Centre's approval for the project will be submitted within a week
 "SK Hynix denies negotiation, collaboration with SRAM & MRAM for chip plant")
MRPL to phase out exports in next 2-3 years as it adds retail outlets
MRPL's exports, previously 2-3 cargoes each of diesel and jet fuel monthly, have suffered in the last six months as maintenance shutdowns at other refiners raised demand for its fuel
 "MRPL to phase out exports in next 2-3 years as it adds retail outlets")
IRB Infrastructure toll revenue grows 14% to Rs 365 crore in July
Toll collection stood at Rs 320 crore in same month last year, IRB said in a statement
 "IRB Infrastructure toll revenue grows 14% to Rs 365 crore in July")
Go First seeks emergency funding of Rs 100 crore from creditor banks
The funds will go towards operational costs such as insurance and repairs that could keep the airlines afloat
 "Go First seeks emergency funding of Rs 100 crore from creditor banks")
L&T Construction to build cricket stadium in Varanasi with 30,000 capacity
The B&F Business has secured another order from the Bangladesh Hi-Tech Park Authority to construct hi-tech IT parks across four districts of Bangladesh
 "L&T Construction to build cricket stadium in Varanasi with 30,000 capacity")
Back to the theatre: PVR Inox made over Rs 100 cr this blockbuster weekend
Between August 11 and 13, the number of viewers in various PVR Inox cinemas crossed 3.36 million. This highest-ever weekend viewership helped the company earn gross revenue of over Rs 100 crore
 "Back to the theatre: PVR Inox made over Rs 100 cr this blockbuster weekend")
Adani group stocks fall as Deloitte resigns as auditor for Adani Ports
Shares of Adani group stocks fell on Monday after Deloitte resigned as auditor of the Adani group's port company
 "Adani group stocks fall as Deloitte resigns as auditor for Adani Ports")