Page 1566 - Company News

Air India Boeing purchase will support 1 mn American jobs, says Biden

Air India will purchase 220 planes from Boeing for $34 bn, with an option to buy 70 more aircraft that could take the total transaction value to $45.9 bn, a deal that Biden described as 'historic'

Coca-Cola saw strong growth in unit case volumes in India in Oct-Dec

In the Asia Pacific, its unit case volumes declined 1 per cent in the quarter because it saw strong growth in India and Vietnam, the company said

Quick commerce firms deliver last-minute Valentine's gifts amid rosy demand

Platforms like Zepto, Dunzo, Blinkit and Instamart have seen huge uptick in demand for Valentine's Day goodies this week

Govts must speed up investments in EV charging infra: Volvo Cars

Some customers will hold back from buying EVs due to lack of such infra

Uphold ethical standards or face disciplinary action: AI to cabin crew

Air India has told its cabin crew to uphold ethical standards or face disciplinary action if their actions negatively affect the airline's reputation

Zomato chief delivers pep talk on Twitter amid string of high-profile exits

Says more than 200 staffers have spent over seven years at the company; Many are on their second (and third) stint, and have been around since 2011 or 2012

Siemens posts 85% rise in consolidated net profit at Rs 462 crore

Total income rose to Rs 4,116.8 crore in the quarter from Rs 3,480.9 crore in the same period a year ago

Higher govt capex help infra companies clock 17-20% revenue growth: Report

Higher government spending on infrastructure in FY24 will propel engineering, procurement, and construction companies to hit revenue growth of 17-20 per cent.

ONGC Videsh to increase spending by 65% in FY24 to push overseas operations

Latin America, Africa, and Russia are expected to play key roles in helping OVL achieve its long-term production targets

PhonePe raises $100 mn in additional funding at $12 bn valuation

This follows $350 million in capital from General Atlantic as a part of an ongoing fundraise with a target of raising up to $1 billion in all

Bengaluru, Mumbai top locations for jobs in Q4FY23: TeamLease study

Nearly 97 per cent of employers surveyed across the top two cities have shown increased hiring intent in their sectors, the report says

Digital lending firm Lentra enters Indonesia, Philippines, Vietnam

Company aims to reach $100 mn in annual recurring revenue by March 2024 in South East Asia nations

AI asks cabin crew not to indulge in conduct that impacts airline's image

We are in receipt of feedback that some cabin crew are carrying items in commercial quantity on their return to India from a foreign country, which is against the customs regulation

Twitter again delays roll-out of its paid API platform by few more days

Elon Musk-run Twitter has announced that the launch of its new paid API (Application Programming Interface) platform will be delayed by a few more days.

Adani Enterprises Q3 results: Net consolidated profit at Rs 820 crore

Adani Enterprises Q3 results: The net standalone profit in Q3FY23 was Rs 269.71 crore as compared to a loss of Rs 36.46 crore in Q3FY22

HAL in talks with four nations to sell its light-combat aircraft Tejas

Malaysia has shortlisted the Tejas light fighter jet for an order of around 10 to 20 planes and Argentina, Egypt and Botswana have also expressed interest

HAL has order book of Rs 84,000 cr, another Rs 50,000 cr in pipeline: CMD

The Hindustan Aeronautics Limited has an order book position of Rs 84,000 cr and another Rs 50,000 cr worth of orders are in the pipeline, its Chairman and Managing Director C B Ananthakrishnan said

Alliance Group firm buys 96.5-acre land; to invest Rs 3,600 cr in township

Realty firm Urbanrise, an Alliance Group company, has acquired a 96.5-acre land parcel at Tambaram, Chennai and will invest Rs 3,600 crore to develop a township project

Torrent Pharmaceuticals forays into OTC segment with calcium supplement

Torrent Pharmaceuticals on Tuesday said it has forayed into the over-the-counter segment in the country with Shelcal 500, a calcium supplement brand.

Boeing cuts India's aviation mkt outlook to 2,210 new jets over next 20 yrs

India's air traffic has "transitioned from recovery to growth," having returned to 98% of pre-pandemic levels, Boeing said, adding that domestic traffic should double by the end of this decade