Page 1372 - Company News

Bajaj Electricals to increase its play in premium segment, says CEO Poddar

Bajaj Electricals is increasing its play in premium range in appliances and other segments, and expects the revenue contribution from upscale products to rise

ONGC to start delivering fuel from KG basin from June 15, seeks $12 price

ONGC has finally put a date for the much-awaited start of production from its KG basin gas field as it sought $12 price for the fuel it plans to deliver from June 15

Zypp Electric to deploy 200K vehicles in its fleet, invest $ 300 mn

The company, which is planning to enter new cities like Mumbai, Pune and Hyderabad is targeting a revenue of Rs 500 crore this year, up from Rs 125 crore last year

Uber partners with GeM portal for taxies to govt offices at fixed price

Soon personnel from the government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber

US court approves $50 mn lawsuit over Apple's flawed butterfly keyboard

A federal judge in the US state of California has finally approved the $50 million lawsuit over Apple's flawed butterfly keyboard design.

PTC India Q4 net profit dips 17.67% to Rs 129 cr on higher expenses

Power trading solution provider PTC India Ltd on Saturday posted a 17.67 per cent fall in its consolidated net profit at Rs 129.34 crore during the March quarter, dragged by higher expenses.

India will be bright shining light for world: OYO founder Ritesh Agarwal

Agarwal said OYO, which also started in 2014, is also nine years old and the company has witnessed a single ecosystem where India has only moved forward

Equitas SFB collaborates with IBM to build digital banking platform

The collaboration between the two entities aims at boosting the digital products offered by Equitas as well as its service offerings

Sun Pharma proposes to acquire Israel-based Taro Pharmaceutical Industries

Sun Pharmaceutical Industries on Saturday said it has proposed to fully acquire Israel-based Taro Pharmaceutical Industries through a reverse triangular merger

From 350 in 2014 to 90K, Indian startups mushroom amid funding winter

Within a couple of years, India became the third largest startup ecosystem in the world, only behind the US and China

Go First flights to remain cancelled till May 30, full refund to be issued

"A full refund will be issued to the original mode of payment shortly," the letter read

Mahindra & Mahindra increases capex outlay for FY22-24 to Rs 15,900 cr

The company continued to focus on value creation through capital allocation, partnerships and monetization, M&M said

Weekend Bites: Adani casts off Hindenburg curse, and demons in Angel Tax

In which we munch over the week's platter of news and views

NCLAT sets aside NCLT order on Zee Entertainment-Sony India merger

The appellate tribunal set aside the NCLT order on grounds of "violation of principles of natural justice"

Tencent Cloud Europe offloads 2 pc stake in PB Fintech for Rs 562 cr

As per the latest transaction, Tencent's shareholding has reduced to 6.28 per cent from 8.37 per cent (as of March 2023) equity in PB Fintech

JP Morgan Chase lays off around 1,000 employees of First Republic Bank

JP Morgan Chase is laying off roughly 1,000 employees of First Republic Bank nearly a month after it was seized by regulators.

Varun Beverages briefly becomes 4th largest FMCG by market capitalisation

Overtakes Britannia in m-cap during intraday trade

Delhi High Court provides relief to Ola, Rapido; stays taxi ban order

A division bench of Justices also directed Transport Department to refrain from taking any coercive measures against Rapido and other ride-sharing platforms until a comprehensive policy is formulated

Engineers India secures business worth Rs 4,700 crore in FY23; up 185%

Its quarterly net profit stood at Rs 190.18 crore in the fourth quarter (January-March) of FY23, up 140 per cent from Rs 79.13 crore in Q4, FY22

FMCG firm Emami Ltd bets on demands in rural markets to grow in FY24

On Thursday, the Kolkata-headquartered company reported a 60 per cent drop in its consolidated net profit to Rs 142 crore for the quarter that ended March 2023