Page 1415 - Company News
Nissan reports surging profit amid strong sales, easing chip crunch
Nissan is forecasting vehicle sales to grow this fiscal year across regions, including Japan, the US, China and Europe
 "Nissan reports surging profit amid strong sales, easing chip crunch")
Hyundai Motor to invest Rs 20,000 cr for EV manufacturing in Tamil Nadu
As part of our long-term vision, the company has finalised plans to develop and establish Tamil Nadu as a base for Hyundai's EV manufacturing in India
 "Hyundai Motor to invest Rs 20,000 cr for EV manufacturing in Tamil Nadu")
Hyundai signs deal with Tamil Nadu for Rs 20,000 cr investment in EV space
To pump in the amount over 10 years, install EV charging stations in next 5 yrs
 "Hyundai signs deal with Tamil Nadu for Rs 20,000 cr investment in EV space")
No question of filing for insolvency, 'rumour baseless': SpiceJet CMD
Airline 'focused firmly' on reviving grounded fleet, says Ajay Singh
 "No question of filing for insolvency, 'rumour baseless': SpiceJet CMD")
ABB expands Bengaluru facility for production of energy-efficient modules
The new line of production is ergonomically designed with position, angle and torque control and a programmable fastening system
 "ABB expands Bengaluru facility for production of energy-efficient modules")
Asian Paints posts 45% rise in Q4 profit on strong demand, easing costs
Asian Paints dominates nearly half of the domestic paints sector, and the decorative paint segment accounts for about 80% of the company's revenue
 "Asian Paints posts 45% rise in Q4 profit on strong demand, easing costs")
SpiceJet starts process of reviving grounded airplanes with $50 mn
Budget carrier SpiceJet on Thursday said it has no plans to file for insolvency proceedings and has also started the process of reviving its grounded fleet with USD 50 million.
 "SpiceJet starts process of reviving grounded airplanes with $50 mn")
Karthik Balagopalan to replace Abhishek Ganguly as MD of Puma India
Ganguly had been the MD of the company since 2014 and is leaving to pursue 'a career as an entrepreneur in his own venture'
 "Karthik Balagopalan to replace Abhishek Ganguly as MD of Puma India")
Bosch's net profit increases by 14% at Rs 399 cr in March quarter
The company said its board has recommended a final dividend of Rs 280 per share for the financial year 2022-23, bringing the total dividend for the year to Rs 480 per share
 "Bosch's net profit increases by 14% at Rs 399 cr in March quarter")
Sanofi consumer brands get a shot in the arm on demerger decision
Demerging the pharma business will help the company focus on niche therapy areas, including bringing its global pipeline to India
 "Sanofi consumer brands get a shot in the arm on demerger decision")
Godrej & Boyce bags orders worth Rs 2,000 crore in solar segment
Godrej & Boyce unit Godrej Electricals & Electronics has bagged order worth Rs 2,000 crore from power transmission, railways and solar projects
 "Godrej & Boyce bags orders worth Rs 2,000 crore in solar segment")
Go First needs to raise funds: Resolution professional tells staff
Go Airlines will need to raise funds to revive the bankrupt company amid plans to keep it as a going concern, the recently appointed resolution professional informed staff on Thursday
 "Go First needs to raise funds: Resolution professional tells staff")
Chemplast Sanmar unit signs deal to manufacture advanced intermediate
Company estimates commercial supplies will start from the fourth quarter of 2023-24
 "Chemplast Sanmar unit signs deal to manufacture advanced intermediate")
Hyundai to invest $2.45 bn in Tamil Nadu for EV production over next 10 yrs
Hyundai, through its Indian subsidiary Hyundai Motor India, will also set up a battery pack assembly unit with an annual capacity of 178,000 units and install 100 EV charging stations across the state
 "Hyundai to invest $2.45 bn in Tamil Nadu for EV production over next 10 yrs")
FIR against ex-BharatPe MD Ashneer Grover, wife over alleged Rs 81cr fraud
Delhi Police's Economic Offences Wing also books Grover's other relatives on charges of defrauding BharatPe
 "FIR against ex-BharatPe MD Ashneer Grover, wife over alleged Rs 81cr fraud")
Apple now the only major smartphone brand without a foldable device
With Alphabet Inc.'s Google launching the Pixel Fold at an event Wednesday, every major brand running the Android operating system has now adopted the form factor
 "Apple now the only major smartphone brand without a foldable device")
Uber launches flight bookings in UK, plans to double down on growth
The introduction of commercial flight bookings is "the latest and most ambitious step" in Uber's strategy, said its UK general manager Andrew Brem
 "Uber launches flight bookings in UK, plans to double down on growth")
Disney+ loses 4 million subscribers as fresh layoff round approaches
Entertainment giant The Walt Disney Company's flagship streaming service Disney+ lost four million subscribers in its second quarter that ended April 1
 "Disney+ loses 4 million subscribers as fresh layoff round approaches")
NIIF appoints Rajiv Dhar as interim MD & CEO; Sujoy Bose demits office
State-backed collaborative investment platform doesn't give timeline for making a full-time appointment
 "NIIF appoints Rajiv Dhar as interim MD & CEO; Sujoy Bose demits office")
Income Tax officials search Mankind Pharma's New Delhi office: Report
India's Income Tax Department is conducting searches at Mankind Pharma Ltd's office in New Delhi, a government source told Reuters on Thursday, days after the condom maker's successful public listing
 "Income Tax officials search Mankind Pharma's New Delhi office: Report")