Page 1455 - Company News

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

Expect stable cash flows and earnings in FY24, Adani tells banks

Gross debt at Rs 2.27 trillion in FY23 after repayment

Energy business powers RIL: Q4 beats Street, outlook positive for stock

Improved performance in consumer biz, its proposed listing remain key triggers

Statsguru: Six charts explain why Apple stores in India are a big deal

The financials of unlisted arm Apple India shows surging growth. Its net sales figure of Rs 33,313 crore for 2021-22 was three times the value in 2018-19

Wipro to consider buyback proposal; board meeting on April 26-27

It will take a final decision on this by April 27

Apple's emerging India play, strategy notably different from Vietnam

In India, Apple has decided to focus on a few products but on a large scale, as they did in China, instead of assembling the entire range of its products in smaller volumes

Wipro board of directors to consider proposal to buyback of equity shares

The outcome of the board meeting will be communicated to the stock exchanges soon after conclusion of the board meeting on April 27

Fox's settlement with Dominion on defamation unlikely to cost it $787.5 mn

Fox had about $4 billion of cash on hand as of December 2022, and MoffettNathanson analyst Robert Fishman expects the company to pay the settlement during the current quarter

Reliance Retail enters JV with Circle E Retail for toy manufacturing

The company has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business

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

The acquisition is intended for the residential development offering 1/2/3 BHK, with an estimated gross sales value of Rs 550 crore, the company said

IoTechWorld Avigation targets 3,000 agri drones sale, explore export mkt

Agri drone manufacturer IoTechWorld Avigation is targeting to sell 3,000 drones this fiscal, a six-fold jump from the previous year, on rising demand mainly from agrochemical firms

30% of our sales could come from EVs in FY24: MG Motor India President

Comet will be MG Motor's second EV in the Indian market

Kia focuses on utility vehicle segment in India for long-term growth

Buoyed by its presence in the utility vehicle segment, the company expects its sales to grow by around 10 per cent this year

Banking on good monsoon for a better 2nd half in smaller towns: Wipro

From the demand perspective, the market has improved a "little bit but it is still a challenge", Agrawal told PTI

Volkswagen focuses on premium products after selling 45% PVs in India

At present, VW's products are priced at around Rs 11 lakh to over Rs 34 lakh. Gupta said models in the Rs 15-20 lakh price bracket account for about 55 per cent of the company's sales at present

Musk tweets 'demographics is destiny' as Indian population surpasses China

India's population is projected to be at 1.42 billion or 1,428,600,000 against China's 1,425,700,000. So, India now has 2,900,000 more people than China

8 of top 10 firms lose Rs 1.17 trn in mcap; Infosys biggest laggard

Eight of the 10 most valued firms faced a combined erosion of Rs 1,17,493.78 crore in market valuation in an overall weak trend in equities last week, with Infosys taking the biggest hit

Sales sluggish on Akshaya Tritiya, lightweight items preferred: Jewellers

Jewellers are expecting a nearly 10 per cent decline in sales volume on Akshaya Tritiya this year compared to last year as gold prices have zoomed around 20 per cent since last year

Reliance Industries withdraws proposal to merge subsidiary RNEL with itself

RNEL will undertake the conglomerate's new energy/renewable energy business

Lenovo begins laying off employees as PC business takes a beating: Report

According to a report in CRN, the job cuts at Levono are "part of a roughly $115 million cost-cutting plan"