Page 1453 - Company News

Muthoot Microfin expects 25-30% growth in loan disbursals in FY23

The third largest microlender Muthoot Microfin expects to disburse 25-30 per cent more loans this fiscal, taking its assets to around Rs 12,000 crore

IPCA Labs to buy 33.4% stake in Unichem Laboratories for Rs 1,034 crore

The shares will be purchased at the cost of Rs 440 per share post the approval from the Competition Commission of India under the Competition Act, 2002

Nykaa appoints new CFO, CTO and other new leaders to drive growth

Online beauty company strengthens team after five high-profile employee exits in March

Delhi HC asks CCI to take up ADIF's complaints against Google by April 26

The new billing system will go into effect on April 26

MapMyIndia reports PAT up 23% to Rs 108 cr, reaches over 850 customers

The company said its annual expenses increased 41 per cent to Rs 176.24 crore, from Rs 124.66 crore in FY22

Infosys, Aramco ink pact to create digitally connected employee experiences

Infosys plans to embed digital transformation practices and tools into Aramco's HR platform, enhancing the overall digital experience for employees to engage more productively

HCL bucks the trend; says it intends to hire as others continue to fire

The firing spree was not limited to back-office jobs and affected big tech companies, including Amazon, Meta, Microsoft, and Google parent Alphabet, among others

Daimler India reports 'strong' growth in revenue, sales in CY 2022

Satyakam Arya, Managing Director and CEO of DICV, said 2022 was one of the company's strongest performing calendar years

Tech investors focus on profits after layoffs; companies to highlight AI

The companies are likely to give updates on their AI efforts, a trend noticeable since last quarter when chief executives packed earnings calls with mentions of the technology

Bank of Maharashtra reports more than double profit to Rs 840 cr in Q4

During the quarter, the bank's total income increased to Rs 5,317 crore as against Rs 3,949 crore a year ago, BoM said in a regulatory filing

Birla Estates buys land parcel in Mumbai, eyes revenue more than Rs 600cr

Birla Estates, which is the real estate arm of the Aditya Birla Group housed under Century Textiles and Industries Ltd, did not disclose the size of the land parcel and also the deal value

Digital firm MapmyIndia's profit up 23% at Rs 107 crore in FY23

Company says it embedded 1.9 million vehicles with mobility solutions app in FY23

S Chand and Co to acquire stake in government test prep platform ixamBee

ixamBee helps unskilled graduates and undergraduates prepare for government competitive examinations like those conducted by banks, insurance companies, and Railways

Tata Steel starts hydrogen gas injection in furnace to cut CO2 emissions

Process in line with company's vision of becoming net zero by 2045

Rajesh Uppalapati as CTO, P Ganesh as CFO: Nykaa announces new appointments

TV Venkataraman will be responsible for the company's Internal Audit and Risk Management charter

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

In their Q4 results, two of the three IT majors in India, TCS, and Infosys, showed that high attrition was still a problem

Ajmera Realty acquires land parcel in Mumbai from Tata Comm for Rs 76 cr

The land is located in Mumbai's Vikhroli East. With its strategic location and contemporary offerings, land is a preferred residential choice for prospective buyers in the area

Lenders of Reliance Capital to meet on Monday to consider bidders' concerns

Both the potential bidders, Torrent Investment and IndusInd International Holdings Ltd (IIHL) of Hinduja Group, have expressed multiple reservations on the proposed auction

Temporary pause in US shipments from Sun Pharma's plant in Mohali

It implies that company has to take corrective action before releasing further batches to the US

In tie-up with EL&N, Reliance to bring 'Instagrammable' cafes to India

Reliance announces exclusive partnership with EL&N after opening first Pret A Manger store