Page 1242 - Company News
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")
3 of 4 Indians fear technology will replace them unless they upskill: Study
Digital marketing, data analytics, finance, management and artificial intelligence (AI) are among the most sought-after topics for the professionals
 "3 of 4 Indians fear technology will replace them unless they upskill: Study")
Amazon India signs pact with Gujarat Govt, EDII to boost state's exports
Amazon India on Monday said it has signed a Memorandum of Understanding (MoU) with the Entrepreneurship Development Institute of India (EDII)
 "Amazon India signs pact with Gujarat Govt, EDII to boost state's exports")
Quest Global plans to double India headcount to 20,000 in next 3-5 years
Quest Global is also betting on semiconductor chip design and fabrication machinery
 "Quest Global plans to double India headcount to 20,000 in next 3-5 years")
SC rejects Go First's appeal against HC order allowing access to aircraft
Go First challenged the division Bench order of the Delhi High Court in the Supreme Court on 2 August
 "SC rejects Go First's appeal against HC order allowing access to aircraft")
Oppo India partners TSSC, CSC Academy to upskill, reskill youth
Smartphone maker Oppo India has signed an agreement with the Telecom Sector Skill Council and CSC Academy to upskill and reskill youth in the country, the company said on Monday
 "Oppo India partners TSSC, CSC Academy to upskill, reskill youth")
We are infusing GenAI into all our core offerings, says Cognizant CEO
Kumar cited the example of a GenAI-enabled conversational virtual assistant (VA) that Cognizant has introduced to help clients reimagine experiences beyond chatbots
 "We are infusing GenAI into all our core offerings, says Cognizant CEO")
Qatar fund buys 2.7% stake in Adani Green for Rs 3,920 cr via block deals
This investment comes hot on the heels of reports that the same fund is considering the acquisition of a one per cent stake in Reliance Retail Venture
 "Qatar fund buys 2.7% stake in Adani Green for Rs 3,920 cr via block deals")
Britannia began price cuts in April-June as commodity prices softened
The company continues to expand its rural distribution and now has 28,000 rural distributors onboard
 "Britannia began price cuts in April-June as commodity prices softened")
RIL pushes production timeline for battery packs by a year to 2024
According to Faradion's website, the now wholly-owned subsidiary of RIL installed its first sodium-ion battery in Australia in December 2022
 "RIL pushes production timeline for battery packs by a year to 2024")
Airtel launches India's first 5G wireless Wi-Fi 'Airtel Xstream AirFiber'
Airtel Xstream AirfFiber to provide WiFi to homes without optical fibre connections
 "Airtel launches India's first 5G wireless Wi-Fi 'Airtel Xstream AirFiber'")