Page 1253 - Company News

AIX Connect gets regulatory nod to operate flights under Air India Express

This development marks a significant fast-tracking of the integration efforts, including harmonisation of customer touch points, products, and services across both airlines, it added

Google for Startups Accelerator invites applications, focus on AI

Google for Startups Accelerator is inviting applications for its eighth cohort with a focus on AI-first startups, the company announced in a blogpost on Thursday.

Indian Energy Exchange net profit up by 10% to Rs 76 crore in June quarter

Indian Energy Exchange on Thursday posted a 10 per cent increase in consolidated net profit to Rs 75.82 crore in the June quarter on the back of higher revenues.

Foxconn unit in talks for $200 million components plant in Tamil Nadu

In the last few months, Foxconn had announced significant investment plans in states like Karnataka, Telangana and Tamil Nadu, bolstering its presence in South India

S&P upgrades Delhi International Airport's rating to 'B+' from 'B'

Stronger Traffic and Profitability drives rating action

Syngene's playbook: 50% revenue from contract manufacturing in 2-3 years

Acquisition of Stelis facility saves $15 million in capex in FY24

Sunteck Realty Q1 sale bookings for properties up 16% to Rs 387 cr

Mumbai-based Sunteck Realty has reported 16 per cent increase in sale bookings of properties to Rs 387 crore for the first quarter of this fiscal year

ACC Q1 results: Net profit jumps 105% to Rs 466 crore, revenue up 16.4%

Adani firm to not conduct separate, independent probe into Hindenburg allegations

Demerged hotels biz will have a strong balance sheet: ITC chairman

On July 24, the board of ITC gave in-principle approval to demerge the hotel business into a new entity to be listed pursuant to a scheme of arrangement

Ajmera Realty & Infra Q1 consolidated net profit rises 82% to Rs 21 crore

Ajmera Realty & Infra India reported an 82 per cent increase in consolidated net profit to Rs 21.07 crore in the June quarter

Venture capital firm Cactus Venture Partners invests $4 mn in Kapture CX

Venture capital firm Cactus Venture Partners on Thursday said it has invested $4 million (about Rs 33 crore) in software-as-a-service (SaaS)-based customer support automation startup Kapture CX

Harley-Davidson quarterly profit skids, outlook revised on production halt

Net profit fell to $178 million, or $1.22 per share, in the quarter, from $215.9 million, or $1.46 per share, a year earlier

Bharat Biotech picks up 20% stake in Eastman Exports Global Clothing

The Bharat Biotech Group has picked up 20 per cent in Tamil Nadu-based knitwear firm Eastman Exports Global Clothing Private Ltd, for an undisclosed amount

Crypto exchange CoinSwitch lists holdings after its second POR report

This signifies that the company maintains a holdings ratio of 1:1 or more, meaning that it holds all user assets and fiat balances

Zydus gets USFDA nod to market cancer treatment generic injection

Zydus Lifesciences on Thursday said it has received approval from the US health regulator to market a cancer treatment generic injection in the American market

Akums Drugs gets DCGI nod for triple combination diabetes medication

Akums Drugs and Pharmaceuticals on Thursday said it has received approval from the Drug Controller General of India (DCGI) for triple combination diabetes medication

Top shareholders of drugmaker Cipla looking to sell stake: Report

The company has hired an investment bank to advise on the deal, the report said

ArcelorMittal reports over 50% fall in net income in April-June quarter

Global steel giant ArcelorMittal on Thursday posted over 50 per cent decline in its net income at $1,860 million in the April-June quarter.

McDonald's India franchisee Westlife's profit misses as costs mount

The franchisee for the US fast-food chain said consolidated net profit after tax rose to 288.3 million rupees ($3.52 million) for the quarter through June from Rs 23.58 crore a year earlier

Renault Nissan Automotive crosses 2.5 mn production mark at Chennai plant

The plant is spread over 600 acres and caters to both domestic and export market requirements for Renault and Nissan