Page 1288 - Company News

Tribhovandas Bhimji Zaveri reports five-fold jump in profit in June quarter

BENGALURU (Reuters) - Indian jeweller Tribhovandas Bhimji Zaveri reported a nearly five-fold jump in first-quarter profit on Tuesday

Buyout impact, margin worries likely to cap gains for Maruti Suzuki

Brokerages expect 3-4% hit to earnings per share for FY25

Proxy advisors, analysts favour cash deal to acquire Suzuki Gujarat plant

Maruti says it wants to have multiple powertrain production at multiple locations under single control

Commerce minister Piyush Goyal to meet e-commerce firms on Wednesday

Commerce and Industry Minister Piyush Goyal is scheduled to meet representatives of e-commerce firms and domestic traders body CAIT on August 2 to discuss issues

Fintech company CRED launches RuPay credit card-based UPI payments

According to CRED, this initiative will benefit banks and merchants through increased consumption and inclusion in the credit ecosystem

Franklin AMC appoints debt head, explores foray into alternatives business

Franklin Templeton aims to rejuvenate its presence in the debt space with Rahul Goswami leading the charge

CVS Health Corp to cut 5,000 jobs amid shift away from retail focus

None of the job losses will impact customer-facing positions in stores, pharmacies, clinics or customer services centers, a spokesman for the company said

DLF's KP Singh sells entire 0.59% stake for Rs 731 cr: Stock exchange data

Billionaire KP Singh has sold his entire remaining stake in real estate firm DLF for around Rs 731 crore, according to the stock exchange data

Emami expects good growth in personal care, healthcare businesses

Emami vice-chairman expressed confidence that the FMCG player will have good growth from its personal care and healthcare businesses and the firm expects to grow at 27.9% CAGR from 2021 to 2027

Jakson Group installs 9 kilowatt solar plant at AIIMS-Delhi premises

Renewable Energy firm Jakson Group has installed a 9-kilowatt solar plant on the premises of AIIMS here as part of an agreement.

Powergrid board okays Rs 555 cr investment proposal for 85 MW solar project

State-owned Power Grid Corporation board on Monday approved an investment proposal of Rs 554.91 crore for an 85 MW solar power project at Nagda in Madhya Pradesh

AI powered tool GPT-3 found to reason as good as undergraduate students

GPT-3, the popular AI-powered tool, was found to reason as well as college undergraduate students, scientists have found

GM recalls 900 vehicles with Takata air bag inflators, blames manufacturing

General Motors is recalling nearly 900 vehicles in the US and Canada with Takata air bag inflators that could explode and hurl shrapnel in a crash

Thermax misses Q1 profit view with just 1.7% rise on slow sales growth

Thermax on Tuesday posted a marginal rise in its consolidated net profit at Rs 60 crore in the June 2023 quarter.

Triveni Turbine net profit rises by 59% to Rs 61 cr in June quarter

Triveni Turbine on Tuesday posted over a 59 per cent rise in its consolidated net profit to Rs 61 crore, mainly due to higher revenues

TVS ILP plans $400-mn investment to double portfolio to 20 mn sq ft

Infra and warehouse firm strengthens partnership with NIIF IFL

Hollywood saves India's PVR Inox as Bollywood bombs at box office

International cinema helped India's biggest movie operator PVR Inox post a rise in first-quarter revenue as Hindi films failed to bring moviegoers to theatres

Airtel launches self-service digital marketing product Airtel IQ Reach

Airtel IQ Reach already live for communications via Whatsapp

Pfizer misses revenue estimates as Covid-19 product sales decline

The company has said it expects 2023 to be a low point for COVID product sales following strong demand at the peak of the pandemic before a potential return to growth in 2024

Byju's sends legal notice to Aakash founders demanding share transfer

Education technology startup Think and Learn Pvt Ltd, which operates under brand name Byju's, has sent a legal notice to founders of Aakash Educational Services