Page 1261 - Company News
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
 "FMCG firm Jyothy Labs logs net profit jump to Rs 96.25 cr in June quarter")
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")
Byju's 'regularly disregarded' former director's advice, says Prosus
Prosus, which this year slashed its valuation of Byju's to $5.1 billion from $22 billion last year, said the decision for its director to step down from Byju's board last month
 "Byju's 'regularly disregarded' former director's advice, says Prosus")
Low-cost carrier Spicejet taken off DGCA's enhanced surveillance regime
The airline was put on surveillance starting June 22 as a precautionary measure
 "Low-cost carrier Spicejet taken off DGCA's enhanced surveillance regime")
EESL signs Rs 110 cr agreements with APSHCL to provide energy solutions
EESL also signed an agreement worth about Rs 50 crore with the Ladakh Autonomous Hill Development Council (LAHDC), Leh to address electricity and cooking needs in remote areas
 "EESL signs Rs 110 cr agreements with APSHCL to provide energy solutions")
Land spinoff holds up $232 million BEML privatisation deal: Reports
The Indian government is looking to sell 26% out of the total 54% stake it holds in the company along with a transfer of management control
 "Land spinoff holds up $232 million BEML privatisation deal: Reports")