Page 1282 - Company News

SpiceJet shares trim most of early gains, settles nearly 1% higher

The budget carrier, which is facing multiple headwinds, including disputes with aircraft lessors, has been looking to raise funds

TCS shares climb 3% post-earnings announcement, mcap jumps Rs 29,437 cr

The company's market valuation jumped Rs 29,437.08 crore to Rs 12,22,361 crore in tandem with rally in the stock

Tesla battery supplier Panasonic in talks to set up plant in India

The carmaker has asked its other battery suppliers also to initiate talks for hubs

Delta Air forecasts stronger earnings on post-pandemic travel boom

Shares of other airlines also followed Delta's gains, with American Airlines, United Airlines and Southwest Airlines all up about 1.8% before the bell

Utkarsh SFB IPO 15.3x on day 2; Netweb IPO price band Rs 475-500 per share

Netweb Technologies India, a high-end computing solutions provider, has set Rs 475-500 as the price band for its maiden share sale

LTI Mindtree replaces HDFC in benchmark Nifty; JSW Steel added to Sensex

Analysts said going ahead LTIMindtree and JSW might benefit as both the indices are popular benchmarks for ETFs

OYO launches 'Spotless Stay' programme; to conduct hotel audits for upkeep

The property owners will be asked to conduct an overhaul and thorough deep cleaning, including replacement of upholstery, linen, sheets, and pillow covers," OYO stated

Weak demand for SBI perpetual bonds as investors seek higher returns

Questions around the viability and pricing of perpetual bonds resurfaced after similar securities were written off as part of the rescue of Credit Suisse in March

Man Infra bags Rs 680-cr contract from JNPT vendor PSA International

Publicly-traded Man lnfra has zero debt and had Rs 1,890 crore in revenue from which it earned a net profit of Rs 258.6 crore in FY23

Razorpay launches operations in Malaysia market with payment gateway

Service simplifies payment collection, automates payouts, helps businesses to control cash flows

New tech not IT-driven... long-term tech spend intact: TCS CEO & MD

'We have not seen too many large deals compared to last quarter. But some of them will be large'

PayU, AWS India, Chiratae Ventures collaborate to launch fintech program

The cohort will receive training and mentorship sessions, including access to experts from PayU, 'guiding them to scale their business operations and expand their customer base'

Constantly looking for capability-led acquisitions: HCLTech CEO & MD

C. Vijayakumar, CEO and MD, HCLTech talks about the deal pipeline, acquisitions strategy, and focus areas

Foxconn backing out of semiconductor JV credit negative for Vedanta: Report

The chip-making venture was previously parked in units under the parent firm but last week Vedanta Ltd took over the special-purpose vehicles

Apple partners with NGO to promote clean energy innovation in India

Enterprises working for environmental and social causes can apply for programme

ZappFresh acquires Dr Meat for $3 mn to expand into Bengaluru market

The acquisition of Dr Meat aligns perfectly with ZappFresh's growth strategy and vision for the future, it added

Wipro Q1 results: Net profit rises 11.9% to Rs 2,870 cr, revenue up 6%

"Wipro's first quarter results come with a strong backbone of large deal bookings, robust client additions, and resilient margins," said Thierry Delaporte, CEO and Managing Director

Tesla in talks with India to set up factory with 500,000 annual capacity

India was keen for Tesla to manufacture vehicles locally, but the company said it wanted to export its cars first so that it could test the strength of demand

Generative AI deals expected in 2 quarters; will not be mega wins: TCS CEO

Krithivasan said on Thursday that training of associates will not extract a significant jump in expenses, as it undertakes training efforts for its employees on a regular basis

Swiggy to acquire retail distribution firm LYNK for undisclosed amount

It enables leading FMCG brands to grow their retail presence through its network of over 1,00,000 retail stores across the top eight cities