Page 1569 - Company News

Manipal Health Enterprises, Emami Group break logjam on AMRI Hospitals

Reportedly, Max Healthcare had entered the fray for AMRI Hospitals, offering a better bid than Manipal Health's Rs 1,800-crore offer for AMRI

Compass Group's Elior India acquisition stalled due to governance glitches

The tribunal directed Elior India to deposit Rs 9 crores as interim relief for dues payable to the former CEO Sanjay Kumar should it decide to proceed with the sale

Microsoft's ChatGPT-powered Bing browser now available for public use

American tech giant Microsoft's new ChatGPT-powered Bing experience will now be available for everybody as a "limited preview" on desktop.

Pennar Industries' PAT up by 97.2% at Rs 21 crores in December quarter

Pennar Industries Ltd (PIL), on Wednesday said its consolidated profit after tax for the quarter ended December 31 was up by 97.2 per cent at Rs 21.12 crore compared to Rs 10.71 crore in Q3 FY22

Adani plans to prepay $500 million loan due in March to banking group

Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year

Cummins India standalone PAT rises by 50% to Rs 360 cr in December quarter

Engine manufacturer Cummins India standalone profit after tax rose 50 per cent to Rs 360.14 crore in the December quarter of 2022-23 over the same period last year

As volume challenges persist, Hero MotoCorp eyes recovery across segments

Margins should improve on lower raw material costs, operating leverage

AEL adds another 20%, 7 Adani stocks up as group boosts investor confidence

M-cap back above Rs 10-trillion mark; Adani Transmission, Adani Wilmar, Adani Power and NDTV hit upper limit of 5%

When silver is gold for company boards: Over 300 directors 'octogenarians'

321 company directors are octogenarians, 22 are over 90, largest chunk in 45-60 band

Adani Power Q3 profit falls 96% YoY to Rs 9 cr; revenue rises 45%

Company's amalgamation with six of its operating subsidiaries receives approval from secured creditors

France's TotalEnergies puts hydrogen partnership with Adani on hold

"It was announced, nothing was signed. It doesn't exist," Pouyanne said, referring to the new hydrogen venture

Indian airlines likely to order up to 1,700 planes in next 2 yrs: CAPA

Indian carriers to place orders for 1,500 to 1,700 planes in the next 1-2 years and Air India is expected to make the first move with a potential order for 500 aircraft, aviation consultancy CAPA said

AIIMS issues orders to include healthy food items in cafeteria, mess menu

The AIIMS here on Wednesday issued orders for inclusion of healthy food items like boiled eggs, milk, sprouts, boiled 'chana' and salad in the menu of the cafeteria and hostel mess

BP-Reliance's giant deep-water project offshore nears completion

The two fields are currently producing around 20 million standard cubic meters per day of gas and MJ would help raise the output to 30 mmscmd, meeting up to 15% of India's gas demand

Fintech firm mPokket says app impersonating it has been blocked by govt

Fintech firm mPokket on Wednesday said that an app impersonating it has been blocked by the government and it has no partnership with the blocked platform

ARPUs rising to Rs 300-levels vital, will happen in due course: Airtel CEO

Bharti Airtel CEO asserted that Average Revenue Per User (ARPUs) rising to Rs 300-level is "critical" for respectable return of capital employed, and hoped that it will "happen in due course"

Hero MotoCorp needs to recover market share in 125cc bike segment: CFO

Hero MotoCorp is considering separate unit for EVs

TCS expands partnership with UK's Phoenix Group, inks over £600 mn deal

This will be one of the largest deals for the company in the coming quarter

Trent reports consolidated net profit at Rs 154.81 cr in December quarter

Tata group retail firm Trent Ltd on Wednesday reported a consolidated net profit of Rs 154.81 crore in the third quarter ended on December 31, 2022

Client costs in focus, IT deals revive 'rebadging' of employees

TCS co-opting a third of Boeing workers facing job cuts not an exception; analysts admit that the practice is returning, though not a full-fledged trend yet