Page 1409 - Company News
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")
Adani to raise Rs 21,000 cr from share sale in two group companies
Adani Group has denied all allegations by Hindenburg and is plotting a comeback strategy. The group has recast its ambitions as well as prepaid some loans to assuage investors
 "Adani to raise Rs 21,000 cr from share sale in two group companies")
Ambani's JioCinema unveils pricing in fight with Netflix, Disney
Indian billionaire Mukesh Ambani's streaming platform JioCinema announced premium pricing of 999 Indian rupees ($12) a year, its first step to move away from a free content model to fight global rival
 "Ambani's JioCinema unveils pricing in fight with Netflix, Disney")
Adani Transmission's board approves plan to raise up to $1 billion
India's Adani Transmission said its board on Saturday approved a plan to raise up to 85 billion rupees ($1.0 billion) from the market
 "Adani Transmission's board approves plan to raise up to $1 billion")
Sebi to regulate platforms offering ownership of real estate assets
Sebi has proposed regulating all online platform that offer fractional ownership of real estate assets, in a bid to provide protection to small investors
 "Sebi to regulate platforms offering ownership of real estate assets")
Toyota apologises after 2.15 mn customers' data exposed for a decade
As connected cars become mainstream globally, Toyota has issued an apology after it discovered that millions of customers' partial data was made public due to misconfiguration of the Cloud environment
 "Toyota apologises after 2.15 mn customers' data exposed for a decade")
28-year-old billionaire Austin Russell acquires 82% stake in Forbes
Austin Russell, 28-year-old Chairman and CEO of automotive technology company Luminar Technologies, has acquired 82 per cent stake in Forbes Global Media Holdings, that published the Forbes magazine
 "28-year-old billionaire Austin Russell acquires 82% stake in Forbes")
Partial sale of companies won't be default under insolvency code: Report
The Ministry of Corporate Affairs proposed revisions to the IBC which would allow several resolution plans for different parts of an insolvent company to increase value realisation
 "Partial sale of companies won't be default under insolvency code: Report")
Netflix to cut $300 mn in spending with delay in password sharing crackdown
Streaming giant Netflix is reportedly slashing its spending by $300 million this year, including related to hiring
 "Netflix to cut $300 mn in spending with delay in password sharing crackdown")
Google co-founders see biggest gain since Feb 2021 as AI boost lifts stock
Google will start experimenting with a more conversational search engine and has made its AI-powered chatbot available more broadly, the Mountain View, California-based company said
 "Google co-founders see biggest gain since Feb 2021 as AI boost lifts stock")
Twitter's new CEO is an NBCUniversal executive with deep ad industry ties
Elon Musk confirmed that the new CEO for Twitter will be NBCUniversal's Linda Yaccarino, an executive with deep ties to the advertising industry
 "Twitter's new CEO is an NBCUniversal executive with deep ad industry ties")
Kotak Mahindra Bank to be the biggest beneficiary of MSCI rejig
In a note, Nuvama Research. said that Kotak Mahindra Bank's weighting in the index has gone up by 135 basis points to 2.8 per cent
 "Kotak Mahindra Bank to be the biggest beneficiary of MSCI rejig")
Apple in India has a big gap to bridge to match Samsung in Vietnam
The contrast in the depth of association between each global mobile device giant and the respective country of investment is even more palpable
 "Apple in India has a big gap to bridge to match Samsung in Vietnam")
Byju's closes Rs 2,000-crore debt funding from Davidson Kempner Capital
This is part of $1 billion funding in a mix of equity and structured instruments
 "Byju's closes Rs 2,000-crore debt funding from Davidson Kempner Capital")
Weekend bites: Falling valuations, Go First, Adani, and laughing apps
In which we munch over the week's platter of news and views
 "Weekend bites: Falling valuations, Go First, Adani, and laughing apps")