Page 1376 - Company News

With $43.45-bn fortune, Hinduja family tops 35th Sunday Times rich list

Wealth shared by UK billionaires climbed to £683.856 billion, £30.734 more than in last year's Rich List

BSNL looks to ring in 100 million 4G customers in a couple of years

Bharat Sanchar Nigam Ltd (BSNL) and MTNL have a combined 105 million total telecom subscribers, or around 9.1 per cent of the total market, though they are 2G or 3G users.

SoftBank eyes five Indian start-ups; may invest up to $100 mn in each

SoftBank also looking at secondary-sale opportunities in growth firms that have postponed their IPO plans

Billionaire Infosys founder Murthy to double private firm's investments

Catamaran Ventures, based in Bangalore, employs about 15 staff in India overseeing holdings spanning e-sports, insurance and Elon Musk's Space Exploration Technologies Corp

ACC, Ambuja Cement launch Cement & Concrete Research Development facility

A focus on new product development, productivity enhancement, reduction in energy consumption and environmental impact have been major drivers for the establishment of the R&D facility, it added

LIC Q4 net rises fivefold to Rs 13,428 cr, net premium income dips 8.3%

The value of new business (VNB) margin for 2022-23 was 16.2 per cent (net) as compared to 15.1 per cent (net) in the previous year

Nykaa Q4 earnings slip 72% to Rs 2.4 crore, even as revenue rises 34%

This came as the firm witnessed a demand slump for its fashion business, and expenses surged due to growing cost of materials, employee costs and other expenses

Icra Q4 net profit up 14.5% YoY to Rs 38.6 cr; revenue rises 16.4%

Consolidated revenue from operations increased by 17.6 per cent YoY to Rs 403.2 crore in FY23

CPP Investments' India portfolio crosses $14.77-billion mark: Report

In FY23, the fund invested in ReNew Energy Global and holds a 51.9 per cent economic stake with $1.33 billion of invested capital

Indian IT firms to see revenue decelerate by 5%: S&P Global Ratings

S&P Global Ratings rates the three top IT services players: Infosys, HCLTech, and Wipro

NCLAT asks 3 more Go First lessors to approach NCLT for recovery of planes

So far this month, several lessors have approached aviation regulator DGCA for deregistration and repossession of Go First's 45 planes

Retailers see strong top-line growth on low base in January-March quarter

ABFRL also saw a 26 per cent rise in net sales at Rs 2,880 crore in the January-March quarter as it focused on expanding its network of stores

Going 'Green': Uber gears up to add 25,000 electric vehicles to fleet

Uber has also signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SDBI) to support drivers to purchase EVs and CNG vehicles

Amazon leads $20 mn funding round in children's fashion brand Hopscotch

Start-up says it will use the money for marketing, broaden its selection, get more customers

Biocon shares trim most of early gains, end flat amid profit-taking

In volume terms, 18.97 lakh shares of the company were traded on the BSE and over 1.77 crore shares on the NSE during the day

Honda Cars India to hike prices of Amaze, City by upto 1% from June

The price increase activity would not have any impact on the strong hybrid trims of the mid-sized sedan

Fashion retailer Myntra launches ChatGPT feature, says industry first

Tool allows users to choose looks from over 2 mn styles, get advice on what to wear

ONDC aims to hit 100,000 daily orders in the next few months: Report

The goal of 100,000 daily orders is expected to occur over the upcoming few months as network participants (NPs) adopt a new set of network specifications

SpiceJet to get partial relief from Sebi after debt recast deal with lessor

Airline won't have to appoint independent valuer but Carlyle will need to follow six-month lock-in

Abu Dhabi funds, Hinduja group could invest in Adani firms' share sale

Shares worth up to Rs 29,000 crore of three group companies could be put up for sale