Page 1400 - Company News
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
 "Premium smartphone sales soar as Amazon India bets on 5G, tier-2+ markets")
Govt set to make an equity infusion of Rs 300 crore in Alliance Air
The government is set to make an equity infusion of Rs 300 crore in regional carrier Alliance Air, which is facing financial headwinds, according to a senior official.
 "Govt set to make an equity infusion of Rs 300 crore in Alliance Air")
Electric E2W manufacturer Hero Electric to go public by FY26: CEO
To target 2 million vehicle sales before listing
 "Electric E2W manufacturer Hero Electric to go public by FY26: CEO")
Warring sibling promoters put Hikal's future at stake, says InGovern
Calls for change in management, board to protect minority shareholders' interest
 "Warring sibling promoters put Hikal's future at stake, says InGovern")
Housing sales in FY23 up 48% at Rs 3.47 trn due to higher volumes: Anarock
Housing sales rose 48 per cent year-on-year to Rs 3.47 trn during the last fiscal across seven major cities on higher volumes and better price realisation, according to Anarock
 "Housing sales in FY23 up 48% at Rs 3.47 trn due to higher volumes: Anarock")
Enough opportunities to take capacity to 40 MT in India: Tata Steel CEO
Tata Steel sees enough growth opportunities within its existing facilities to actualise an expansion plan to achieve 40 million tonne capacity in India by 2030
 "Enough opportunities to take capacity to 40 MT in India: Tata Steel CEO")
Contract player VMI to sell directly via Skyball; invest Rs 100 cr in 3 yrs
Domestic electronics manufacturing services company Videomax International will sell home audio, smart accessories and consumer electronic products through its own brand Skyball
 "Contract player VMI to sell directly via Skyball; invest Rs 100 cr in 3 yrs")
NPCI plans more tie-ups to boost global acceptability of RuPay debit cards
National Payments Corporation of India (NPCI) is exploring options for further tie-ups to strengthen the global acceptability of RuPay debit cards
 "NPCI plans more tie-ups to boost global acceptability of RuPay debit cards")
JSW Infrastructure to invest Rs 152 cr to grow container capacity at NMPT
JSW Infrastructure will invest Rs 152 crore for the expansion of its container capacity at New Mangalore Port Trust, according to sources
 "JSW Infrastructure to invest Rs 152 cr to grow container capacity at NMPT")
Godrej Properties on land-buying spree; to acquire Rs 15k cr projects
Seeking to encash strong housing demand, realty firm Godrej Properties will acquire multiple land parcels this fiscal having sales revenue potential of around Rs 15,000 crore post-development
 "Godrej Properties on land-buying spree; to acquire Rs 15k cr projects")
ONGC scraps bids for Daman gas field development over cost concerns
State-owned Oil and Natural Gas Corporation (ONGC) has cancelled the bids received for its Daman upside gas development project off the western coast due to high price quotes, sources said
 "ONGC scraps bids for Daman gas field development over cost concerns")
Blue Star targeting to double exports within 3 years, says top official
Blue Star Ltd is targeting to double its exports within three years as the company looks to expand its international footprint
 "Blue Star targeting to double exports within 3 years, says top official")
Pidilite expects better margin and volume-driven growth in FY24: MD Puri
Pidilite Industries is cautiously optimist and expects a better margin with a volume-driven growth in FY24, helped by a comeback of rural and semi-urban demand and increased activities
 "Pidilite expects better margin and volume-driven growth in FY24: MD Puri")
Apollo Tyres expects double-digit revenue growth in FY24 on organic growth
Apollo Tyres Ltd expects double-digit revenue growth in FY24 purely on the performance of organic volume growth, according to company President Asia Pacific, Middle East and Africa, Satish Sharma
 "Apollo Tyres expects double-digit revenue growth in FY24 on organic growth")
Hero MotoCorp set to roll out record number of products this year: CEO
Hero MotoCorp is gearing up for highest ever model introductions this fiscal as it looks to consolidate market share especially in the premium bike segment, according to CEO Niranjan Gupta
 "Hero MotoCorp set to roll out record number of products this year: CEO")
Data Patterns actively pursuing new product development, says CMD
Data Patterns (India) Ltd was actively pursuing new product development aligning with sectoral opportunities, a top company official has said
 "Data Patterns actively pursuing new product development, says CMD")
Ola Electric expanding fast, to cross 1,000 experience centres this year
As part of that strategy, the SoftBank-backed electric vehicle company on Saturday opened its 500th experience centre (EC) in Srinagar, Jammu & Kashmir
 "Ola Electric expanding fast, to cross 1,000 experience centres this year")
DLF to launch projects worth Rs 20k cr, targets sale bookings of Rs 12k cr
The company clocked Rs 8,000 crore from a single luxury housing project "The Arbour" which was launched in Gurugram during the March quarter
D-Mart's Q4 net up 7.8% to Rs 460 cr, revenue rises 20.5% to Rs 10,594 cr
Total income of Avenue Supermarts in the March quarter was at Rs 10,627.18 crore, up 20.5 per cent
 "D-Mart's Q4 net up 7.8% to Rs 460 cr, revenue rises 20.5% to Rs 10,594 cr")
Rane Holdings Ltd reports consolidated loss of Rs 8.1 cr in March quarter
For the year ending March 31, 2023 the consolidated revenue grew to Rs 3,537.5 crore from Rs 2,714.7 crore registered last fiscal
 "Rane Holdings Ltd reports consolidated loss of Rs 8.1 cr in March quarter")