Page 1260 - Company News
India's Cyient posts Q1 profit jump but misses estimates as costs rise
Cyient Ltd reported a 45% rise in quarterly profit that just missed analysts' estimates as rising expenses at the engineering and IT services company offset strong order pipeline
 "India's Cyient posts Q1 profit jump but misses estimates as costs rise")
India suspends another drugmaker's licence over tainted cough syrup
India has suspended a drugmaker's manufacturing licence after the World Health Organization flagged contamination in its cough syrups found in the Mashall Islands and Micronesia in April
 "India suspends another drugmaker's licence over tainted cough syrup")
Auxilo Finserve raises Rs 470 cr; to expand loan base, product offerings
The company stated that it has funded over 7,500 students across over 900 universities in over 25 countries
 "Auxilo Finserve raises Rs 470 cr; to expand loan base, product offerings")
Tata Motors to cancel 'A' ordinary shares in latest securities rejig
The company will issue seven ordinary shares for every 10 'A' ordinary shares, implying a 23% premium on the previous day's closing level of 'A' ordinary shares, Tata Motors said
 "Tata Motors to cancel 'A' ordinary shares in latest securities rejig")
Airtel becomes first ICT provider to link over 20 million IoT devices
Airtel's aggressive push in IoT has come at a time when rival Vodafone Idea (Vi) has doubled down the segment
 "Airtel becomes first ICT provider to link over 20 million IoT devices")
Dixon Technologies Q1 net profit increases by 48% to Rs 67.19 crore
Dixon Technologies (India) Ltd on Tuesday reported a 47.89 per cent rise in consolidated net profit to Rs 67.19 crore for the June quarter
 "Dixon Technologies Q1 net profit increases by 48% to Rs 67.19 crore")
FMCG firm Jyothy Labs logs net profit jump to Rs 96.25 cr in June quarter
FMCG firm Jyothy Labs Ltd on Tuesday reported an over two-fold increase in its consolidated net profit at Rs 96.25 crore in the June quarter, led by stable demand and moderation in input costs
TVS Supply Chain Solutions obtains approval from Sebi to launch its IPO
TVS Supply Chain plans raise Rs 750 crore in fresh capital through the IPO
 "TVS Supply Chain Solutions obtains approval from Sebi to launch its IPO")
Pixxel wins grant to develop miniaturised multi-payload satellites for IAF
Pixxel has solidified its position as a leading innovator in the space tech sector, building and launching made in India and the world's highest-resolution commercial hyperspectral imaging satellites
 "Pixxel wins grant to develop miniaturised multi-payload satellites for IAF")
Revenue of top domestic pharmaceutical firms to grow by 7-9% in FY24: Icra
Revenue of top domestic pharmaceutical companies is likely to grow by 7-9 per cent in the current fiscal, according to rating agency Icra
 "Revenue of top domestic pharmaceutical firms to grow by 7-9% in FY24: Icra")
AI's promise on tech set for test with Microsoft, Alphabet Earnings
Bets that artificial intelligence will revolutionise Corporate America and deliver riches to the biggest companies behind it will get a test Tuesday, as Microsoft Corp. and Alphabet Inc
 "AI's promise on tech set for test with Microsoft, Alphabet Earnings")
Hero Future Energies signs Rs 6,200-cr MoUs for renewable energy projects
"Hero Future Energies (HFE) has signed two memorandums of understanding (MoUs) with REC Ltd and PFC Ltd for infusion of Rs 3,100 crore each into HFE over the next five years," it said
 "Hero Future Energies signs Rs 6,200-cr MoUs for renewable energy projects")
Suzlon Energy records 96% decline in net profit to Rs 101 crore in Q1
Suzlon Energy registered a 96 per cent decline in consolidated net profit at Rs 101 crore in the April-June quarter
 "Suzlon Energy records 96% decline in net profit to Rs 101 crore in Q1")
Tata Motors Q1FY24 results: Auto giant records net profit of Rs 3,202 crore
The commercial vehicle volumes were lower by 15% over the prior year due to the transition to BS-VI Phase-2
 "Tata Motors Q1FY24 results: Auto giant records net profit of Rs 3,202 crore")
TVS Supply Chain Solutions gets Sebi's approval for launching IPO
It will be the first IPO by TVS family company in three decades, after TVS Electronic in 1994
Airtel Business connects over 20 million devices via IoT solutions
Airtel Business is the business-to-business (B2B) division of telecom company Bharti Airtel
 "Airtel Business connects over 20 million devices via IoT solutions")
Larsen & Toubro bags orders up to Rs 2,500 crore in India, abroad
New orders have been secured in India and markets abroad, the infrastructure major said in a regulatory filing
 "Larsen & Toubro bags orders up to Rs 2,500 crore in India, abroad")
Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement acquisition
Ambuja-ACC, JK Lakshmi Cement, and UltraTech are the top three cement players in Gujarat, the region from where Sanghi Cement generates a significant portion of its revenues
 "Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement acquisition")
Indian organisations' cost of data breach at record high: Report
Cost of detecting and fixing cyberattacks has increased 45% sine 2020, it says
 "Indian organisations' cost of data breach at record high: Report")
Airtel Business first enterprise to link over 20 million IoT devices
Airtel Business's integrated IoT platform offers customised solutions for each IoT requirement of enterprises across 5G, 4G, narrowband-IoT (NBIoT), 2G, and satellite
 "Airtel Business first enterprise to link over 20 million IoT devices")