Page 1278 - Company News
Fashion e-commerce platform Styched acquires sneaker startup Flatheads
E-commerce fashion brand Styched has acquired D2C casual sneaker startup Flatheads in an all-equity transaction, the company announced on Monday
 "Fashion e-commerce platform Styched acquires sneaker startup Flatheads")
Choice International reports 3-fold rise in profit after tax to Rs 21.3 cr
Its total revenue jumped 77 per cent to Rs 139.3 crore in the first quarter of the current fiscal from Rs 78.7 crore in 2022-23
 "Choice International reports 3-fold rise in profit after tax to Rs 21.3 cr")
More than 8.4 million people globally are learning Hindi on Duolingo
In India it is the second most learned language while globally it is now ranked 10th, surpassing Portugeause
 "More than 8.4 million people globally are learning Hindi on Duolingo")
Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies
TotalEnergies would supply 0.8 million tpy LNG to IOC under the 10 year deal, it said. TotalEnergies would supply LNG to IOC from its global portfolio
 "Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies")
Karur Vysya Bank Q1 results: Net profit rises 57% to Rs 359 crore
Total income during the quarter under review increased to Rs 2,216 crore from Rs 1,673 crore in FY23, Karur Vysya Bank said in a regulatory filing
 "Karur Vysya Bank Q1 results: Net profit rises 57% to Rs 359 crore")
Foxconn proposes to set up Rs 8,800 cr manufacturing plant in Karnataka
The delegates of the Fii would be taken to Tumakuru to examine the available land at Japan Industrial Township near the district headquarters town
 "Foxconn proposes to set up Rs 8,800 cr manufacturing plant in Karnataka")
Realtor TVS Emerald gives Chennai decade high launch-day sales at Rs 438 cr
Located in Kovilambakkam, the project sold 448 homes in a residential project spread over 6.56 acres, and consisting of 820 units built over a saleable area of 996,000 sq ft
 "Realtor TVS Emerald gives Chennai decade high launch-day sales at Rs 438 cr")
GMR Hyderabad Aviation SEZ signs lease with Safran Aircraft Engines for MRO
The facility will initially have the capacity to service 100 engines per annum, which will gradually increase, to around 300 engines by 2035
 "GMR Hyderabad Aviation SEZ signs lease with Safran Aircraft Engines for MRO")
MakeMyTrip Foundation pledges Rs 5 crore to aid flood relief efforts
The foundation is working with government bodies, experts, and local partners to provide relief to Himachal Pradesh and Uttarakhand
 "MakeMyTrip Foundation pledges Rs 5 crore to aid flood relief efforts")
Central Bank Q1 profit surges 78% to Rs 418 cr due to decline in bad loans
Interest earned by the bank grew to Rs 7,225 crore over Rs 5,527 crore in the June quarter a year ago
 "Central Bank Q1 profit surges 78% to Rs 418 cr due to decline in bad loans")
Bain Capital in talks to acquire Adani Capital for Rs 1,500 crore: Report
The Adani Group is selling its shadow bank as it looks to realign its business interests and focus on preserving cash
 "Bain Capital in talks to acquire Adani Capital for Rs 1,500 crore: Report")
Tyre major Michelin confirms appointment of Shantanu Deshpande as India MD
French tyre major Michelin on Monday said it has appointed Shantanu Deshpande as Managing Director of its Indian operations.
 "Tyre major Michelin confirms appointment of Shantanu Deshpande as India MD")
CoinDCX collaborates with Jocata over anti-money laundering processes
The partnership with Jocata will enable CoinDCX to further augment its AML framework to navigate through the developing regulatory landscape
 "CoinDCX collaborates with Jocata over anti-money laundering processes")
Vedanta inches closer to regain control over Zambia copper assets
The Zambian government placed Konkola Copper Mines Plc, 79.4% owned by Vedanta, into provisional liquidation in 2019, and has since been locked in legal battles with the company over the asset
 "Vedanta inches closer to regain control over Zambia copper assets")
L&T bags orders in water treatment, supply systems in Uttar Pradesh
The company did not disclose the order value. According to the company's project classification, large orders are in the range of Rs 2,500 crore to Rs 5,000 crore
 "L&T bags orders in water treatment, supply systems in Uttar Pradesh")
BMW India expects double-digit growth in 2023, chip supply a challenge
BMW's supply chain in India reached some normalcy from May onwards
 "BMW India expects double-digit growth in 2023, chip supply a challenge")
HDFC Bank crosses $100 billion valuation, becomes world's 7th largest bank
On Monday, the bank's market capitalisation crossed $150 billion, making it bigger than Morgan Stanley, Goldman Sachs and Bank of China
 "HDFC Bank crosses $100 billion valuation, becomes world's 7th largest bank")
Ashok Leyland bags orders worth Rs 800 cr to supply defence vehicles
Company will deliver to the Indian Army field artillery tractor and gun-towing vehicle
 "Ashok Leyland bags orders worth Rs 800 cr to supply defence vehicles")
Reliance likely to acquire Alia Bhatt's Ed-a-Mamma for Rs 300-350 crore
An industry executive was quoted as saying that an agreement between Reliance and Ed-a-Mamma is likely to be signed in the next seven to 10 days
 "Reliance likely to acquire Alia Bhatt's Ed-a-Mamma for Rs 300-350 crore")
Auto major Ashok Leyland secures defence sector orders worth Rs 800 crore
The two vehicles, FAT 4X4 and GTV 6X6 have special capabilities that will be used by the artillery to carry light and medium guns, respectively
 "Auto major Ashok Leyland secures defence sector orders worth Rs 800 crore")