Page 1256 - Company News
Mahindra Lifespace reports consolidated net loss of Rs 4 cr loss for Q1
Mahindra Lifespace Developers on Wednesday reported a consolidated net loss of Rs 4.27 crore for the first quarter of this fiscal year on lower income and higher expenses
 "Mahindra Lifespace reports consolidated net loss of Rs 4 cr loss for Q1")
BHEL synchronises Unit-2 of Maitree thermal power project in Bangladesh
State-owned engineering firm Bharat Heavy Electricals on Wednesday announced synchronisation of 660-MW unit-2 of the 1,320-MW Maitree Super Thermal Power Project (STPP)
 "BHEL synchronises Unit-2 of Maitree thermal power project in Bangladesh")
Embassy Office Parks REIT Q1 net operating income up by 9% at Rs 738 cr
Embassy Office Parks REIT reported 9 per cent increase in net operating income to Rs 737.6 crore for the first quarter of this fiscal year and declared distribution of Rs 510 crore to the unitholders
 "Embassy Office Parks REIT Q1 net operating income up by 9% at Rs 738 cr")
Lectrix EV plans to raise Rs 500 cr, launches new e-scooter at Rs 1.03 lakh
Lectrix EV, the electric mobility arm of SAR Group, on Wednesday said it plans to raise up to Rs 500 crore next year to launch new products and expand operations in the country
 "Lectrix EV plans to raise Rs 500 cr, launches new e-scooter at Rs 1.03 lakh")
Lupin's subsidiary, Generic Health gets Tiotropium 18 micrograms approval
The company has received the approval from Therapeutic Goods Administration (TGA)
 "Lupin's subsidiary, Generic Health gets Tiotropium 18 micrograms approval")
Simpl introduces 'pay after delivery' option to enhance trust of customers
Consumers can choose the Simpl pay after delivery (SPAD) feature at the time of checkout, which triggers payment only upon successful delivery of the shipment
 "Simpl introduces 'pay after delivery' option to enhance trust of customers")
Will 'significantly' mark down Byju's valuation: Peak XV Partners
This is the first time investors have externally flagged financial and corporate irregularities at the edtech firm
 "Will 'significantly' mark down Byju's valuation: Peak XV Partners")
Global aviation will need 2.3 mn new personnel in 20 years: Boeing study
Commercial aircraft fleets will double in 20 years, says US plane manufacturer in forecast
 "Global aviation will need 2.3 mn new personnel in 20 years: Boeing study")
A new Harrier and Safari! TaMo to revamp line up this festive season
Tata Motors has planned an investment of Rs 8,000 crore in FY24
 "A new Harrier and Safari! TaMo to revamp line up this festive season")
Wipro reduces client base to pursue high-margin deals and profitability
India's fourth-largest IT services firm, Wipro, aims for faster profitability ascent by cutting smaller clients and focusing on bigger revenue opportunities
 "Wipro reduces client base to pursue high-margin deals and profitability")
Myntra plans restructuring to focus on private labels, 50 jobs to be hit
The changes are part of a new strategy deployed by the Flipkart-owned platform Myntra as it plans to focus majorly on select private labels instead of in-house brands
 "Myntra plans restructuring to focus on private labels, 50 jobs to be hit")
Qatar sovereign fund in talks for minority stake in Reliance Retail
RRVL valued at $100 bn by JM Financial; Reliance group looking to unlock potential of its telecom unit too
 "Qatar sovereign fund in talks for minority stake in Reliance Retail")
Shree Cement to invest Rs 7,000 crore to add 12 million tonnes of capacity
The company has also decided to diversify into ready mix concrete business and will start setting up five RMC units in the country by the end of this financial year
 "Shree Cement to invest Rs 7,000 crore to add 12 million tonnes of capacity")
Qatar Investment Authority looking to buy 1% stake in Reliance Retail
QIA is considering a $1 billion investment to buy a 1% stake bringing the valuation of Mukesh Ambani's retail unit to $100 billion
 "Qatar Investment Authority looking to buy 1% stake in Reliance Retail")
Influencers are rising, but companies in a fix over their fake followers
Companies are struggling to verify the authenticity of social media influencers as a large number of these have non-credible followers
 "Influencers are rising, but companies in a fix over their fake followers")
Microsoft posts $20.1 bn quarterly profit as it promises to lead 'AI shift'
It posted revenue of $56.2 billion in the April-June period, up 8 per cent from last year. Analysts had been looking for revenue of $55.49 billion, according to FactSet Research
 "Microsoft posts $20.1 bn quarterly profit as it promises to lead 'AI shift'")
Apple hit with french watchdog complaint over use of advertising data
Apple Inc. was hit with a complaint from the French antitrust watchdog over allegations it has imposed unfair conditions for the use of user data in advertising through its app store
 "Apple hit with french watchdog complaint over use of advertising data")
HDFC Bank overtakes SBI in CRISIL's corporate banking ranking for 2023
For middle market corporates, HDFC Bank again topped the list of 2023 Leaders among local banks, and joined ICICI Bank as the year's joint Greenwich Quality Leaders
 "HDFC Bank overtakes SBI in CRISIL's corporate banking ranking for 2023")
TPDDL clocks highest peak power demand of 2,182 MW this season so far
Amid humid weather, power discom TPDDL clocked its highest peak demand of power in this season so far on Tuesday afternoon, the company said
 "TPDDL clocks highest peak power demand of 2,182 MW this season so far")
ITC with India Post launch postal stamp to promote awareness on millets
During the event, MoS Agriculture highlighted the actions taken by the government for the promotion of Shree Anna (millets). India is the largest producer of millets in the world
 "ITC with India Post launch postal stamp to promote awareness on millets")