Page 1571 - Company News
Symphony Ltd consolidated Q3FY23 PAT jumps 86% y-o-y to Rs 39 crores
Air cooler and appliances maker Symphony on Wednesday reported 85.71 per cent jump in consolidated net profit at Rs 39 crore for the third quarter ended December 2022.
 "Symphony Ltd consolidated Q3FY23 PAT jumps 86% y-o-y to Rs 39 crores")
Adani Wilmar profit rises 16%, shrugs off Hindenburg report impact
CHENNAI (Reuters) - Fortune brand-owner Adani Wilmar on Wednesday reported a 16% increase in quarterly profit on higher demand for its cooking oil and packaged foods.
 "Adani Wilmar profit rises 16%, shrugs off Hindenburg report impact")
TotalEnergies has not signed contract on new Adani hydrogen venture
TotalEnergies has not yet signed a contract announced last year to extend its partnership with India's Adani to the production of green hydrogen, the chief executive of the French oil major said
 "TotalEnergies has not signed contract on new Adani hydrogen venture")
TD Power Systems net profit appreciates by 3% to Rs 20 crore in Dec quarter
TD Power Systems on Wednesday posted nearly three per cent rise in its consolidated net profit at Rs 20.07 crore in the quarter ended December 2022.
 "TD Power Systems net profit appreciates by 3% to Rs 20 crore in Dec quarter")
As layoffs continue, companies may tweak processes to determine appraisals
In the upcoming year, the salary hikes are less likely to be dependent upon seniority
 "As layoffs continue, companies may tweak processes to determine appraisals")
Bank loan exposure to Adani Group against shares not significant: RBI DG
The Adani group has denied wrongdoing, but saw more than $110 billion wiped off the conglomerate's market value since the report was released
 "Bank loan exposure to Adani Group against shares not significant: RBI DG")
PhonePe launches cross-border UPI payments service, says it's India's first
Users can activate UPI-linked bank account for the international service at the merchant location, or before that
 "PhonePe launches cross-border UPI payments service, says it's India's first")
Skye Air Mobility comes out with unmanned air traffic management system
The system -- Skye UTM -- was unveiled by Union Minister for Road and Highways, Nitin Gadkari here on Tuesday
 "Skye Air Mobility comes out with unmanned air traffic management system")
TenderCuts launches new platform HappyChops for local meat outlets
Platform empowers local meat shops with latest tech and robust supply chain; has on-boarded 100 shops in Chennai, plans to rope in another 300 by March, expand to 10 more cities by June
 "TenderCuts launches new platform HappyChops for local meat outlets")
Amid Adani Group's turmoil, RBI chief says Indian banking system stronger
Reserve Bank Governor Shaktikanta Das said the strength, size and resilience of the Indian banking system now are much stronger and larger to be affected by a case like this
 "Amid Adani Group's turmoil, RBI chief says Indian banking system stronger")
NHPC net profit declines 12.59% to Rs 776 crore for December quarter
State-owned hydro power giant NHPC has posted a 12.59 per cent decline in its consolidated net profit to Rs 775.99 crore for the December 2022 quarter, mainly due to higher expenses.
 "NHPC net profit declines 12.59% to Rs 776 crore for December quarter")
PVR expands its footprints in North, opens at third location in Faridabad
With this launch, PVR Cinemas has consolidated its foothold in Haryana with 50 screens in 13 properties and 286 screens across 65 properties in North
 "PVR expands its footprints in North, opens at third location in Faridabad")
Volkswagen recalls 21K electric SUVs over faulty battery software
German automaker Volkswagen has recalled nearly 21,000 of its 'ID.4' electric SUVs over faulty battery software that could lead to a "loss of propulsion" sans warning.
 "Volkswagen recalls 21K electric SUVs over faulty battery software")
To win back investors' trust, Adani Group to probe Hindenburg allegations
The decision to undertake an independent assessment comes at a time when investor faith in the group has been shaken
 "To win back investors' trust, Adani Group to probe Hindenburg allegations")
LinkedIn India's membership crosses 100 million, second largest after US
Software & IT professionals form biggest chunk of members; management the most sought-after skill
 "LinkedIn India's membership crosses 100 million, second largest after US")
Paytm logs 89 mn monthly transacting users, GMV grows 44% to Rs 1.2 trn
The company continues to dominate the offline payments market with 6.1 million merchants now paying subscriptions for payment devices, an increase of 0.3 million in January
 "Paytm logs 89 mn monthly transacting users, GMV grows 44% to Rs 1.2 trn")
Polaris Smart Metering raises $100 mn in funding from I Squared Capital
Funds raised will primarily be used to acquire, execute and finance large smart metering contracts across India
 "Polaris Smart Metering raises $100 mn in funding from I Squared Capital")
With focus on non-US geographies, Amneal Pharma eyes India market
The company is actively recruiting its field force, and aims to have 600-700 medical representatives by the end of 2023
 "With focus on non-US geographies, Amneal Pharma eyes India market")
Turmoil in Adani's empire prompts Nomura, SMFG to disclose fund exposures
Nomura Holdings Inc.'s asset management arm released details on Tuesday about 30 of its publicly offered investment trusts that hold either stocks or bonds of Adani companies.
Despite a good Q3, near-term demand worries cloud Apollo Tyres' outlook
There could, however, be some margin relief on account of falling input costs
 "Despite a good Q3, near-term demand worries cloud Apollo Tyres' outlook")