Page 1241 - Company News
BEL eyes Rs 20,300 cr turnover in 23-24 with push from indigenous products
In an interview with PTI here, he said the order book of the 'Navratna' PSU under the Ministry of Defence stands at around Rs 64,800 crore as on August 1 this year
 "BEL eyes Rs 20,300 cr turnover in 23-24 with push from indigenous products")
PwC resigns as Paytm Payments Services' auditor, SR Batliboi appointed
Paytm added that the statutory auditors have not raised any concerns or issues and that the company has noted PwC's resignation
 "PwC resigns as Paytm Payments Services' auditor, SR Batliboi appointed")
Maruti okays share issuance on preferential basis to SMC for stake in SMG
The total number of securities proposed to be issued to SMC as consideration for the acquisition of its 100 per cent stake in SMG, shall be decided in a subsequent board meeting
 "Maruti okays share issuance on preferential basis to SMC for stake in SMG")
Graves a barrier for Jindal's $2 billion South African iron-ore mine
The obstacles faced by the company highlight the challenges of investing in South African mining, where decades of violations of environmental and social rights under apartheid eroded trust
 "Graves a barrier for Jindal's $2 billion South African iron-ore mine")
Subhash Chandra to settle JC Flowers' debt to reclaim Dish TV: Report
Chandra will also get back three properties, one of which is a bungalow in central Delhi
 "Subhash Chandra to settle JC Flowers' debt to reclaim Dish TV: Report")
PE inflow in real estate up 51% to Rs 24,680 cr: Cushman & Wakefield
Private equity investment in real estate rose 51 per cent year-on-year to Rs 24,680 crore in the first six months of this year, Cushman & Wakefield said on Monday
 "PE inflow in real estate up 51% to Rs 24,680 cr: Cushman & Wakefield")
Zoom Video Communications Inc summons employees back to office: Report
Employees who live near a Zoom location must be on-site two days a week, a company spokesperson said
 "Zoom Video Communications Inc summons employees back to office: Report")
Meesho becomes first horizontal e-commerce company to attain profitability
The SoftBank-backed firm saw over 1 billion orders in last 12 months; its order volumes rose by 43% and revenue by 54%
 "Meesho becomes first horizontal e-commerce company to attain profitability")
Paytm founder set to acquire 10.3 per cent stake in the company from Antfin
The no-cash deal will make Sharma the largest shareholder in the company
 "Paytm founder set to acquire 10.3 per cent stake in the company from Antfin")
ITC, select Marriott International hotels promote millet in India, APAC
ITC Hotels on Monday said it has embarked on an initiative to introduce an expansive range of millet-based bread, available across ITC Hotels and select Marriott International hotels in India, APAC
 "ITC, select Marriott International hotels promote millet in India, APAC")
NSE, BSE clarify on ODR platform rollout; say due process followed
Leading stock exchanges BSE and NSE on Monday said that due process has been followed in rolling out the Online Dispute Resolution (ODR) platform
 "NSE, BSE clarify on ODR platform rollout; say due process followed")
Poonawalla group appoints Keki Mistry as strategic advisor for fin services
At present, the Pune-based group has one non-banking finance company (NBFC) and a clutch of investments in financial services companies
 "Poonawalla group appoints Keki Mistry as strategic advisor for fin services")
Airtel emitting strong signals; improving margins along with debt-reduction
By the calculation, EBITDA minus Capex, operating cash flow was at $1.1 billion (up 26 per cent QoQ) while India Operating cash flow increased to $585 million (up 10 per cent QoQ)
 "Airtel emitting strong signals; improving margins along with debt-reduction")
Aviation safety experts claim fire-safety lapse at Chennai Airport
Aviation safety experts have claimed that the newly commissioned terminal at Anna International Airport in Chennai has a "grave" fire safety violation
 "Aviation safety experts claim fire-safety lapse at Chennai Airport")
Akasa Air eligible for international routes, operates 900 flights per week
Akasa Air has flown 4.3 million passengers with over 900 flights per week, besides becoming eligible to fly internationally with a fleet of 20 aircraft in its first year of commercial operations
 "Akasa Air eligible for international routes, operates 900 flights per week")
SBI beats Reliance Industries to become India's most profitable company
Public sector lender's quarterly net profit in Q1 at Rs 18,537 crore ahead of RIL's quarterly net profit numbers
 "SBI beats Reliance Industries to become India's most profitable company")
EPFO to appoint actuary to get consultancy for insurance, pension scheme
The proposal to elicit response from the interested actuarial firms was issued on Friday and the process is slated to commence by August 17
 "EPFO to appoint actuary to get consultancy for insurance, pension scheme")
Strong Q1, positive outlook drives gains for M&M; shares rally 4.3%
No change in capital allocation policy allays Street's fears of RBL Bank investment
 "Strong Q1, positive outlook drives gains for M&M; shares rally 4.3%")
MedPlus Health reports 18% rise in Apr-June qtr profit on retail demand
India's MedPlus Health Services reported a 18.3% rise in first-quarter profit on Monday as increased presence of the pharmacy helped drive its retail sales
 "MedPlus Health reports 18% rise in Apr-June qtr profit on retail demand")
Taiwan is and will be India's most trusted partner, says Foxconn CEO
The world's largest electronics maker is keen to show that its India plans are on track. That is understandable because Foxconn needs India as much as India needs Foxconn
 "Taiwan is and will be India's most trusted partner, says Foxconn CEO")