Page 1527 - Company News

Divgi TorqTransfer Systems IPO receives 12% subscription on first day

The category meant for Retail Individual Investors (RIIs) was subscribed 60 per cent and that of non-institutional investors got 6 per cent subscription

Migsun Group to invest Rs 706 cr in high-street commercial project in Delhi

Will develop a total built-up area of 6.3 acres on the site and expects to deliver the project within three years

NCLAT dismisses plea challenging insolvency against Avantha Power

The loan pertained to Korba West Power Company Ltd (KWPCL), which was the principal borrower, and the funds were for setting up a 2x600 MW Thermal Power Plant in Chhattisgarh

Layoffs hit Nike, impacted workers share personal experience on LinkedIn

The employees posted on LinkedIn after Nike announced the resignation of Ratnakar Lavu, the top technology executive at the company

PVR Inox to add 200 screens each year; expects double-digit growth in FY24

PVR is working on "getting economies of scale" after the merger of rival Inox Leisure and expects a double-digit growth in its top-line in FY24, said managing director Ajay Bijli

IRCTC partners with HDFC Bank to launch co-branded travel credit card

Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and HDFC Bank on Wednesday announced a partnership to launch a co-branded travel credit card

Orient Electric expects good growth from fans, coolers as summer approaches

As summer sets in with predictions of harsh temperatures, CK Birla firm Orient Electric expects a good growth in revenue in FY24 from its fans and cooler business, MD & CEO Rakesh Khanna said

Tata Motors vehicle sales accelerate by 3% at 79,705 units in February

Tata Motors on Wednesday reported 3 per cent year-on-year growth in total wholesales at 79,705 units in February

McDonald's north and east to partner NGOs for hiring 1,500 people by 2025

In its endeavour of driving change and making a positive impact in the local communities, McDonald's India - North and East is planning to hire 50 per cent of its workforce by 2025 through NGO

Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order by Delhi RTO

Food delivery apps Swiggy and Zomato have complained to the Delhi government against challans being issued to their two-wheeler riders in name of a ban on bike taxi services in the national capital

Tata Consumer says still in talks with Bisleri Int'l for majority stake

If this deal, estimated at Rs 6,000-7,000 cr goes through, it would become the largest in the Indian FMVG, surpassing HUL's April 2020 acquisition of Horlicks from GSK for Rs 3,045 cr

Google's non-compliance will hit us hard, lament leading Indian startups

Leading startups gathered under one roof to brainstorm on implications of Google's User Choice Billing system, saying Google's non-compliance with CCI orders will only harm the startup ecosystem

Kia India YoY sales increases by 36% in February at 24,600 units

Achieving 35.8 per cent growth against the industry's growth of 10 per cent shows the love and confidence the Indian consumers have for the brand

Mahindra & Mahindra sales increases by 8% to 58,801 units in February

The company said its exports last month declined 20 per cent to 2,250 units as compared with 2,814 units in the year-ago period

Delivery boys being harassed in Delhi: Swiggy, Zomato raises concern

Online food delivery platform Swiggy said the recent changes in regulations on bike taxi services in Delhi have caused confusion and disruption to their services, creating panic among executives

Maruti Suzuki total wholesales up 5% in February at 172,321 units

Maruti Suzuki India on Wednesday said its total wholesales increased 5 per cent to 1,72,321 units in February

Tata Power Renewable gets Rs 2,000 cr infusion from GreenForest

Tata Power Renewable Energy Ltd (TPREL) has received an investment of Rs 2,000 crore from GreenForest New Energies Bidco with allotment of 20 crore preference shares to the latter

Akasa Air to place order for fleet of aircraft in three digits by year-end

Akasa Air is going to place an order for a fleet of aircraft which will be in three digits by the year-end, the company said on Wednesday

Salary hikes in India have now reverted to pre-pandemic level: Mercer

The highest salary hikes are expected in the high-tech industry in 2023, followed by the Software Service Outsourcing (SSO) industry

Toyota Kirloskar wholesales rise 75% in February at 15,338 units

Toyota Kirloskar Motor (TKM) on Wednesday said its wholesales increased 75 per cent year-on-year to 15,338 units in February 2023