Page 1574 - Company News

Clix Capital aims to double its profit to Rs 100 crore in FY 2024

NBFC player Clix Capital Services looks to double its profit to Rs 100 crore in the next 2023-24 fiscal by focusing on lending to MSMEs and other segments

Apple releases new software updates for Apple TV and HomePod users

Apple has released new software updates for Apple TV and HomePod users with versions tvOS 16.3.1 and HomePod 16.3.1

Google to launch ChatGPT competitor 'Bard', informs Sundar Pichai

Google CEO Sundar Pichai has announced that the tech giant will soon launch an Artificial Intelligence (AI) powered chatbot called Bard', aimed at countering the ChatGPT tool popularity.

'7 Adani stocks faced regulatory surveillance since 2019 for volatility'

Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention

Centre appoints K Satyanarayana Raju as new MD & CEO of Canara Bank

State-owned Canara Bank on Tuesday said the Union Government has appointed K Satyanarayana Raju as its Managing Director and CEO, with immediate effect.

Adani group stocks price surge after $113 billion market value wipeout

-Shares in India's Adani Group rallied on Tuesday a day after it prepaid some loans, bringing relief to investors that have seen $113.6 billion wiped off.

ONGC to reverse oil output decline; sees 18% jump in production in FY25

India's largest oil and gas producer ONGC will this year reverse years of decline in production and gradually raise output thereafter, as it invests dollars to produce from newer discoveries

Aditya Birla Fashion reports steep drop of 92% in profit for Dec quarter

BENGALURU (Reuters) - Indian apparel retailer Aditya Birla Fashion and Retail Ltd reported a steep 92% drop in third-quarter profit on Tuesday, hurt by soaring marketing expenses.

3,552 foreign companies, subsidiaries closed in India between 2017-2022

A total of 3,552 foreign companies and subsidiaries of foreign companies have been closed in India between 2017 and 2022.

Wework starts new coworking centre in Pune with 1,500 seating capacity

Coworking major WeWork India has started a new centre in Pune with 1,500 desks and 96,000 square feet area amid rising demand for flexible office space from corporates.

Chambal Fertilisers reports 26% slump in Q3 profits on weak demand

(Reuters) - India's Chambal Fertilisers and Chemicals Ltd reported a near 26% slump in quarterly profit on Tuesday after a weak demand due to erratic monsoon led to a pile-up of unsold stock.

India's non-fossil power generation touches 174 GW in 2022: R K Singh

India's non-fossil fuel-based power generation capacity was at 174.53 gigawatt (GW) at the end of December 31, 2022, Parliament was informed on Tuesday.

Banks' exposure to Adani group 'insufficient' to pose credit risk: Fitch

MUMBAI (Reuters) -The exposure of banks to the embattled Adani Group is 'insufficient in itself' to present a substantial risk to credit profiles of these lenders, Fitch Ratings said in a note.

Japan's SoftBank Group logs $5.9 bn loss as tech investments tumble

SoftBank Group Corp. racked up a 783 billion yen (USD 5.9 billion) loss for the fiscal third quarter, a reversal from the 29 billion yen profit recorded the same period a year ago

ONGC to explore investing in Argentina gas assets: Chairman Arun Kumar

The company also signed a memorandum of understanding with Argentina's state oil company YPF for hydrocarbon cooperation

To pacify stakeholders, top banks declare their exposure to Adani Group

The lenders to the group include big names like the State Bank of India, Bank of Baroda, the Punjab National Bank, Axis Bank, and IndusInd Bank

Petronet seeks additional LNG of 0.75 to 1 mn tonnes from Qatar, says CEO

India's top gas importer Petronet LNG is seeking additional Liquified Natural Gas (LNG) of 0.75 to one million tonnes per annum (mtpa) from Qatar, the company's Chief Executive A.K. Singh said

PC sales set to slow down in India as hardware firms announce layoffs

Sale boom during pandemic waning as consumers delay purchase due to fear of recession: Report

IT firms tighten employee scrutiny amid high costs, thin margins: Report

The senior employees who have been hired at a premium over the past two years will also face a greater degree of scrutiny

SBI has 'well-manageable' exposure to embattled Adani Group: CreditSights

CreditSights pointed out that the country's largest lender has a provision reserves buffer of around 338 billion rupees ($4.08 billion), or around 1% of net loans