Page 1469 - Company News

Apple boost helps India double smartphone exports; shipments hit $11.1 bn

Apple exported over $5 billion worth of iPhones from the country in FY23 and already accounts for 45 per cent of the overall smartphone exports, followed by Samsung

RIL to set up $2.4-3 bn InvIT to monetise retail warehousing assets

Reliance Retail, which is aggressively expanding its presence across the channels, is investing in backend infrastructure such as warehousing, supply chain, logistics infrastructure and facilities

TCS Q4 net up 15% to Rs 11,392 cr; meets estimates but revenue disappoints

K Krithivasan, the interim CEO, was confident of growth for FY24

Power giant NTPC to raise Rs 3,000 cr via non-convertible debentures

The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes

Future Retail's creditors seek 90 days extension to concluding insolvency

The Insolvency and Bankruptcy Code (IBC) time frame for resolution is 330 days, inclusive of the time taken for litigation

Macquarie mulls sale of 9 road projects in India for $1.5 billion

The firm is in preliminary discussions with advisers about the potential deal, the people said, asked not to be identified discussing a private matter

Campus Activewear acquires land, building from Marico Industries in HP

The deal will help Campus Activewear to expand its capacity for the manufacturing of semi-finished goods (sole and /or upper) and assembly of footwear

TCS blames US financial crisis for weak fourth quarter results

"The quarter has come out weaker than what we originally anticipated and primarily coming out of North America," TCS CEO Rajesh Gopinathan said in a media conference

Operations normal now: Alliance Air as pilots call off strike after 2 days

On Monday and Tuesday, around 70-80 pilots went on strike to protest against non-restoration of salaries to the pre-Covid level and non-payment of allowances, among other issues

Airtel gripe vicious, aims to defame our user-friendly tariffs: Jio to Trai

Bharti Airtel recent requested Trai to bring content aired via broadband under the regulatory fold and keep a check on discriminatory bundling tactics

Nestle India declares interim dividend of Rs 27/share, fixes record date

The FMCG giant has fixed 21 April as the record date for determining the eligibility of shareholders for interim dividend payment

Top global firms approaching Indian toy makers for sourcing goods: Official

The official said these retail giants are looking to procure toys from India at a good scale

Indian Oil may offer domestic airlines a stake in its green fuel plant

IOC has tied up with tech provider LanzaJet to produce SAF at its Panipat refinery and is seeking investments from airlines with a view to securing offtake commitments

India Inc leans on InvITs to reduce debt, generate returns for investors

Reliance Retail to join the club; High returns attract overseas investors to InvITs

Mumbai CSMT revamp set to be on track; Ahluwalia Contracts lowest bidder

The redeveloped structure will be a green building with solar energy and waste management system, among other features

Krithivasan to take charge as TCS's new CEO and MD from June 1

He will take over the charge from Rajesh Gopinathan, who last month decided to step down as MD and CEO of IT giant to pursue other interests

TCS attrition rate drops to 20.1%, remains far from pre-pandemic levels

The total headcount of TCS stands at 614,795 as on March 31, 2023

Lupin Diagnostics launches regional reference laboratory in Bengaluru

After establishing a presence in Hyderabad, this launch expands footprint in South India

Indian startup PredOmix develops AI-based blood test to detect 32 cancers

The company's OncoVeryx-F is a patented technology that combines metabolomics (study of small molecules) and AI to identify metabolite signatures of multiple cancers in a single test

Knight Frank appoints India head Shishir Baijal on group executive board

Baijal joins the board to add international experience and wide-ranging corporate acumen after his 45-year-plus career across various sectors, including hotels, leisure and real estate