Page 1268 - Company News
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")
CAIT and WhatsApp to digitally train and upskill 10 million local traders
The partnership's goal is to localize digitization efforts to unleash growth opportunities for businesses with hyper-local digital trainings in 11 Indian languages across all 29 Indian states
 "CAIT and WhatsApp to digitally train and upskill 10 million local traders")
Over a dozen employees at realme India quit to join former CEO Sheth
Realme co-founder Sheth resigned from the company last month after five years of stint to start a new venture related to exports
 "Over a dozen employees at realme India quit to join former CEO Sheth")
Aviation regulator removes SpiceJet from enhanced surveillance regime
Airline has taken 'suitable maintenance action', says DGCA after checking its fleet
 "Aviation regulator removes SpiceJet from enhanced surveillance regime")
Air India launches new programme to simplify purchased cabin upgrades
Air India passengers can choose these upgrades to premium cabins between 72 hours and 12 hours before a scheduled flight, subject to the availability of seats in the cabin
 "Air India launches new programme to simplify purchased cabin upgrades")
Bajaj Auto posts 41% jump in Q1 net profit on strong domestic sales
Its export volumes improved sequentially by 12 per cent amid the continued macro challenges in overseas markets
 "Bajaj Auto posts 41% jump in Q1 net profit on strong domestic sales")
Mindspace REIT net operating income rises by 14% to Rs 457 cr in Q1
Mindspace Business Parks REIT on Tuesday reported a 14 per cent increase in its net operating income at Rs 457 crore in the first quarter of this fiscal
 "Mindspace REIT net operating income rises by 14% to Rs 457 cr in Q1")
Grounded SpiceJet aircraft's engine catches fire at Delhi airport
Airline has taken 'suitable maintenance action', says DGCA after checking its fleet