Page 1437 - Company News
Adani focuses on energy as green unit's net income quadruples in 3 months
Adani Green Energy Ltd., India's top renewables company, saw net income in the three months through March more than quadruple to 5.07 billion rupees ($62 million)
 "Adani focuses on energy as green unit's net income quadruples in 3 months")
IBM to pause hiring for jobs that AI could do, says CEO Arvind Krishna
Hiring in back-office functions - such as human resources - will be suspended or slowed, Krishna said in an interview
 "IBM to pause hiring for jobs that AI could do, says CEO Arvind Krishna")
Adidas faces lawsuit from investors over Kanye West partnership, fallout
Adidas is facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behaviour from Ye, the rapper formerly known as Kanye West
 "Adidas faces lawsuit from investors over Kanye West partnership, fallout")
Adani Green Energy net profit surges 142% to Rs 1,365 crore in Q4
AGEL said it has signed PPAs for 450 MW wind projects and 650 MW solar projects with SECI in FY23 further strengthening the firm project pipeline
 "Adani Green Energy net profit surges 142% to Rs 1,365 crore in Q4")
Govt faces hurdles in wooing Taiwan's chip assembly and testing firms
Companies have concerns on India's ability to provide a stable, predictable, and lasting policy environment for years to come -a key for capital-intensive business
 "Govt faces hurdles in wooing Taiwan's chip assembly and testing firms")
Adani Green Energy net profit up 4-fold to Rs 507 cr in March quarter
The consolidated net profit of the company also increased to Rs 973 crore in 2022-23 from Rs 489 crore in the previous financial year
 "Adani Green Energy net profit up 4-fold to Rs 507 cr in March quarter")
Hero MotoCorp's sales decline by 5% YoY to 396,107 units in April
Hero MotoCorp on Monday said its total wholesales declined 5 per cent year on year to 3,96,107 units in April
 "Hero MotoCorp's sales decline by 5% YoY to 396,107 units in April")
Mobikwik turns profitable in March quarter, expects to double revenue
Fintech platform Mobikwik turned profitable in the March quarter and expects to almost double revenue to over Rs 1,000 crore in the current fiscal
 "Mobikwik turns profitable in March quarter, expects to double revenue")
TVS Motor sees highest domestic growth among major two-wheeler makers
Entry-level two-wheelers saw a muted growth for the last several quarters due to factors such as inflation and high acquisition cost
 "TVS Motor sees highest domestic growth among major two-wheeler makers")
TVS Motor's total sales sees 4% YoY uptick to 3.06 lakh units in April
TVS Motor Company on Monday reported a 4 per cent rise in total sales to 3,06,224 units in April 2023 compared to 2,95,308 units in the same month last year
 "TVS Motor's total sales sees 4% YoY uptick to 3.06 lakh units in April")
Adani-owned NDTV profit plunges about 98% on weak advertising demand
NDTV reported a consolidated net profit of 5.9 million rupees ($72,206.58) for the quarter ended March 31, compared with 241.6 million rupees a year earlier
 "Adani-owned NDTV profit plunges about 98% on weak advertising demand")
EdTech startup Byju's seeks to reassure workers after office raid
More than 70 investors have invested in Byju's and they have conducted thorough due diligence, he said. "We are confident that the authorities will also come to the same conclusion," he added
 "EdTech startup Byju's seeks to reassure workers after office raid")
Motorcycle maker Royal Enfield sales grow 18% to 73,136 units in April
Domestic sales grew 28 per cent to 68,881 units from 53,852 units in the year-ago month, the company said
 "Motorcycle maker Royal Enfield sales grow 18% to 73,136 units in April")
HPCL, BPCL get new directors for their human resource department: Report
State-owned Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) on Monday got new directors for human resources, the two companies said
 "HPCL, BPCL get new directors for their human resource department: Report")
Facing the heat: Govt slaps Rs 249-crore fine on Hero Electric, Okinawa
Hero Electric claimed that its vehicles were fully in compliance with the FAME certification in the subject period
 "Facing the heat: Govt slaps Rs 249-crore fine on Hero Electric, Okinawa")
Overall job demand in IT sector falls 5% yearly in April, says report
White-collar job demand in April declined by 5 per cent compared to the same month last year with 2,715 job postings following a correction in hiring in the IT sector, a report said on Monday
 "Overall job demand in IT sector falls 5% yearly in April, says report")
NTPC, NPCIL sign agreement for joint development of nuclear power plants
Joint Venture company to develop Chutka Madhya Pradesh Atomic Power Project of 2x700 MW and Mahi Banswara Rajasthan Atomic Power Project of 4x700 MW
 "NTPC, NPCIL sign agreement for joint development of nuclear power plants")
Swiggy's new Rs 2 'platform fee' on food delivery order irks users
The move has drawn the ire of many Swiggy users, who took to Twitter to voice their complaints
 "Swiggy's new Rs 2 'platform fee' on food delivery order irks users")
Reliance Consumer Products strengthens its bottling play for Campa
Brings in Vinayak Beverages and Jallan as packaging partners; more tie-ups in the works
 "Reliance Consumer Products strengthens its bottling play for Campa")
Bharti Airtel, Bridgepointe Technologies launch new strategic partnership
The partnership will enable US enterprises interested in expanding to India and Africa to leverage Airtel's digital infrastructure solution
 "Bharti Airtel, Bridgepointe Technologies launch new strategic partnership")