Page 1253 - Company News

Franklin AMC appoints debt head, explores foray into alternatives business

Franklin Templeton aims to rejuvenate its presence in the debt space with Rahul Goswami leading the charge

CVS Health Corp to cut 5,000 jobs amid shift away from retail focus

None of the job losses will impact customer-facing positions in stores, pharmacies, clinics or customer services centers, a spokesman for the company said

DLF's KP Singh sells entire 0.59% stake for Rs 731 cr: Stock exchange data

Billionaire KP Singh has sold his entire remaining stake in real estate firm DLF for around Rs 731 crore, according to the stock exchange data

Emami expects good growth in personal care, healthcare businesses

Emami vice-chairman expressed confidence that the FMCG player will have good growth from its personal care and healthcare businesses and the firm expects to grow at 27.9% CAGR from 2021 to 2027

Jakson Group installs 9 kilowatt solar plant at AIIMS-Delhi premises

Renewable Energy firm Jakson Group has installed a 9-kilowatt solar plant on the premises of AIIMS here as part of an agreement.

Powergrid board okays Rs 555 cr investment proposal for 85 MW solar project

State-owned Power Grid Corporation board on Monday approved an investment proposal of Rs 554.91 crore for an 85 MW solar power project at Nagda in Madhya Pradesh

AI powered tool GPT-3 found to reason as good as undergraduate students

GPT-3, the popular AI-powered tool, was found to reason as well as college undergraduate students, scientists have found

GM recalls 900 vehicles with Takata air bag inflators, blames manufacturing

General Motors is recalling nearly 900 vehicles in the US and Canada with Takata air bag inflators that could explode and hurl shrapnel in a crash

Thermax misses Q1 profit view with just 1.7% rise on slow sales growth

Thermax on Tuesday posted a marginal rise in its consolidated net profit at Rs 60 crore in the June 2023 quarter.

Triveni Turbine net profit rises by 59% to Rs 61 cr in June quarter

Triveni Turbine on Tuesday posted over a 59 per cent rise in its consolidated net profit to Rs 61 crore, mainly due to higher revenues

TVS ILP plans $400-mn investment to double portfolio to 20 mn sq ft

Infra and warehouse firm strengthens partnership with NIIF IFL

Hollywood saves India's PVR Inox as Bollywood bombs at box office

International cinema helped India's biggest movie operator PVR Inox post a rise in first-quarter revenue as Hindi films failed to bring moviegoers to theatres

Airtel launches self-service digital marketing product Airtel IQ Reach

Airtel IQ Reach already live for communications via Whatsapp

Pfizer misses revenue estimates as Covid-19 product sales decline

The company has said it expects 2023 to be a low point for COVID product sales following strong demand at the peak of the pandemic before a potential return to growth in 2024

Byju's sends legal notice to Aakash founders demanding share transfer

Education technology startup Think and Learn Pvt Ltd, which operates under brand name Byju's, has sent a legal notice to founders of Aakash Educational Services

Govt orders firm linked to Cameroon cough syrup deaths to stop production

The move comes as Indian regulators step up inspections at drugmakers after cough syrups made in the country were linked to the deaths of dozens of children overseas, denting India's image as the "pha

Franklin Templeton MF says returned over Rs 27,000 crore to investors

Franklin Templeton Mutual Fund (MF) on Tuesday said it has returned over Rs 27,000 crore to unit holders of six shuttered debt schemes till date

Juniper Green Energy crosses 1.2GW of renewable energy generating capacity

Renewable energy producer Juniper Green Energy on Tuesday said it has crossed 1.2GW of renewable energy generating capacity

Roastea eyes Rs 100 cr in topline, to install 5,000 vending machines

Beverage startup, Roastea is eying Rs 100 crore turnover and 5,000 vending machines network by 2024-25

Meta prepares AI-powered chatbots in attempt to retain users: Report

The report comes as Meta executives are focusing on boosting retention on its new text-based app Threads, after the app lost more than half of its users in the weeks following its launch on July 5