Page 1399 - Company News

iPhone 15 series: Apple's upcoming phones to be made in India by Tata Group

According to TrendForce, Tata Group is expected to become the fourth iPhone assembler for Apple. Currently, Foxconn, Luxshare, and Pegatron assemble iPhones for Apple in India

Coca Cola, Zepto expand partnership to 'return and recycle' PET bottles

Companies' expand initiative after 60-day pilot in Mumbai gets 'overwhelming customer response'

Hyperlocal logistics firm Shadowfax to hire 10,000 delivery partners

Company's nationwide network serves major e-commerce, food, grocery and retail companies

CRED-owned Happay lays off 35% of its workforce as 'restructuring exercise'

According to the report, Happay is giving impacted employees three months salary along with an extension of insurance coverage and some other additional benefits

DMart retail chain slumps nearly by 5% on profit miss, margin drop

Shares of Avenue Supermarts Ltd, which operates the DMart retail chain, fell 4.7% after the company's fourth-quarter profit missed estimates and core profit margin contracted

Layoffs also harm shareholder returns in the long term: Gartner report

Layoffs can inadvertently reduce shareholder returns when taking actions to protect them, as companies tend to underestimate the organisational drag created by large-scale workforce reductions

SpiceJet subsidiary SpiceXpress to get $100 mn investment from UK group

Also, last week, the airline said it has no plans to file for insolvency and would invest $50 million to revive 25 grounded planes

Adani stocks have seasonality to help in recovery from $100 billion rout

Stocks of at least four companies controlled by billionaire Gautam Adani - including the conglomerate's flagship Adani Enterprises Ltd. - show a strong tendency to climb in the second half of year

Govt may expedite Bill that assures lessors on repossession of aircraft

NCLT had on May 10 barred lessors from repossessing their planes from insolvent Go First

Statsguru: Six charts explain trouble in India's aviation sector is not new

But the bankruptcy came at a time when things were finally starting to look up for the industry

Go First's insolvency flight leaves trail of concerns for aircraft lessors

At least 50 requests to take back as many leased planes from two Indian airlines in less than two weeks

Vedanta's record dividend to parent strains company's balance sheet

The company paid a record equity dividend of Rs 37,758 crore (approx. $4.4 billion) in FY23

Poonawalla Fincorp to keep headcount at 3,000 for 5 yrs to build AUM

Eyes Rs 50,000 crore AUM by FY27, up from Rs 16,000 cr currently

Ramkrishna-Titagarh consortium scouting for sites for train wheel plant

A consortium of Titagarh Wagons and Ramkrishna Forgings is in the process of identifying a cost-effective location to set up one of Asia's largest train wheel manufacturing plants, an official said

Lobbying by lessors, faulty Pratt & Whitney engines hurt India: Go First

Blames American firm for heavy losses, targets AWG

Go First has access to Rs 300 cr, will start ops at the earliest: Exec

Wadias infused Rs 290 cr in the airline in April. Under the Emergency Credit Line Guarantee Scheme, the airline can draw an equivalent amount in loans from banks

IL&FS transfers Pune Sholapur Road asset to Invit at value of Rs 2,000 cr

IL&FS has completed transfer of its fifth road asset - Pune Sholapur Road Development Company Limited (PSRDCL) - to Roadstar Infra Investment Trust (Invit) as part its debt resolution strategy

Indian aviation mkt 'booming'; to expand routes with IndiGo: Air France-KLM

Bullish on "booming" Indian aviation market, European airline major Air France-KLM is keen to expand routes and capacity as well as increase its routes with IndiGo, according to senior executives

ELGI Sauer Compressors sets new manufacturing unit to produce compressors

ELGI Sauer Compressors Ltd, a joint venture between Elgi Equipments Ltd and Germany-based Sauer Compressors Group, has set up a manufacturing facility at an investment of about Rs 400 million.

Premium smartphone sales soar as Amazon India bets on 5G, tier-2+ markets

"This growth is mainly being driven by upgrades," Ranjit Babu, Director, Wireless and Home Entertainment, Amazon India, told Business Standard