Page 1285 - Company News

Go First extends cancellation of its scheduled flights till July 16

Go First, which is undergoing an insolvency resolution process, stopped flying on May 3, and since then, it has extended the cancellation of flights multiple times

Renewable energy firm Goldi Solar forays into power backup solutions biz

The Gujarat-based company is in the process of expanding its module manufacturing capacity to 6 gigawatt from 2.5 gigawatt (GW) at an investment of Rs 5,000 crore

Foxconn-Vedanta JV split credit negative for UK mining firm: CreditSights

CreditSights had previously expected a "minimal credit impact" on Vedanta Resources based on the old arrangement, as Volcan, Vedanta's holding entity was undertaking the semiconductor investments

Zomato temporarily suspends rollout of UPI enrolment for new users

The rollout is on hold as the company is working to improve the onboarding process

IT major LTIMindtree replaces HDFC on NSE's benchmark Nifty 50 index

LTIMindtree was formed after the merger of L&T Infotech (LTI) and Mindtree and commenced trading on the Indian stock market under its new name in December 2022

Godrej Properties wins Gurugram luxury projects, sees $380 mn in revenue

The deal comes amid a boom for luxury housing in India, with home buyers preferring spacious apartments with amenities like concierge services and spas

HCLTech to acquire German engineering firm ASAP Group for $279 million

ASAP Group has over 1,600 employees across nine locations in Germany

Realty firm Prestige Estates Q1 sales bookings up 30% to Rs 3914.7 cr

Realty firm Prestige Estates Projects Ltd's sales bookings rose 30 per cent to Rs 3914.7 crore in the first quarter of this fiscal year on better demand of its residential and commercial properties.

Property Share facilitates acquisition of Rs 370 cr leased office assets

Property Share, which runs a platform for fractional ownership of real estate, has facilitated investors in acquisition of 5.33 lakh square feet of rented office space in Bengaluru for Rs 370 crore

IT giant TCS kicks off appraisal cycle during annual compensation review

He also added that the company's retention level will be back to pre-pandemic level by the second half this fiscal year.

Patanjali Ayurved to sell 7% stake in its group firm Patanjali Foods

Baba Ramdev-led Patanjali Ayurved Ltd will sell up to 2.53 crore shares in Patanjali Foods Ltd on stock exchanges in a bid to increase public float to meet listing requirements

Infosys, HCLTech put off pay hikes for employees; TCS bucks trend

Infosys typically rolls out hikes for its senior management in July, but so far, they have not received any communication on the matter, the report said

Over 60% of respondents for employer with commitment to LGBT+ inclusion

Over 60 per cent of respondents in India said they work for an employer who has shown commitment to the LGBT+ inclusion, when compared to 35 per cent globally, a study revealed on Wednesday

Power Finance Corporation plans to raise Rs 10,000 cr through NCDs

Power Finance Corporation is planning to raise Rs 10,000 crore through non-convertible debentures, the state-owned company said on Wednesday

30 years on, Disney continues to struggle in India despite scale, footprint

Now, say reports, Disney Star India, bought at a valuation of $15 billion, could be on the block for roughly one-third that amount

Thyssenkrupp Industrial Solution bags $100 mn contract from IOC Panipat

Thyssenkrupp Industrial Solution India, a unit of the German engineering major, on Wednesday said it bagged a USD 100-million order from Indian Oil Corporation

Broadcom's $61 bn deal to buy VMware gets cleared by EU regulators

Computer chip and software maker Broadcom's USD 61 billion proposed purchase of cloud technology company VMware got the green light Wednesday from European Union regulators

DGCA sends reply to Go First flagging shortcomings in revival plan

"The DGCA shall be free to proceed ahead with the application submitted by the appellant regarding the resumption of flying operations without prejudice," the court added

Domino's Pizza signs deal with Uber Eats in bid to make more dough

Domino's Pizza said on Wednesday it's partnering with Uber Eats to make deliveries in the US and 27 international markets

HCLTech net slips 11.3% QoQ, maintains FY24 revenue growth guidance at 6-8%

HCLTech declared its earnings after market hours on Wednesday. Ahead of its results, the shares closed down 0.74 per cent at Rs 1,106.50 apiece on the BSE