Page 1584 - Company News

Tata Steel posts surprise Rs 2,224 crore net loss in December quarter

Plunge in realisations in Europe, non-cash deferred tax expense on account of British Steel Pension Scheme drag the firm into the red

Paytm expects to sustain performance, completes Rs 796 cr share buyback

Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday

Vodafone Idea, Indus Towers shares skyrocket on govt's stake move

Stake issuance coupled with potential capital infusion by promoters should help Vi clear pending dues and invest in 5G; Indus Towers' receivables set to reduce

Creditors of IL&FS Financial Services to get Rs 3,200 cr interim payout

Since the resolution began, the group has so far discharged debt worth Rs 27,000 crore

Reliance shows hydrogen-run truck at India Energy Week; emits water, oxygen

Mukesh Ambani's Reliance Industries on Monday showcased a truck that runs on hydrogen, the cleanest known fuel whose tail emissions are only water and oxygen, at the India Energy Week here

Vodafone Idea plans to get back in the game but fundraising a challenge

The estimate for what it needs to tackle now is Rs 40,000 crore

Govt says 128,000 cos struck off from records for non-compliance

In a written reply to the Lok Sabha, he also said the term 'shell company' is not defined under the Companies Act, 2013

Auto sales up 14% in Jan, helped by festive season, rural demand: FADA

Automobile retail sales grew 14 per cent in January year-on -year as festivals, weddings and more money in the rural economy helped demand, said an industry association on Monday

Procter & Gamble's net profit dips by 2% to Rs 207 cr in December quarter

Procter & Gamble Hygiene and Health Care on Monday said its net profit declined 2 per cent to Rs 207 crore for the October-December quarter on account of commodity cost inflation.

SJVN net profit rises 22% to Rs 287.42 crore in December quarter

State-owned power producer SJVN on Monday posted a 22 per cent rise in consolidated net profit at Rs 287.42 crore in the December quarter, mainly due to higher revenues

Tackling misinformation is core to our policies: Instagram policy head

In India 11 independent fact checkers work with Meta on content in 15 languages in India

Grasim board inducts Ananya Birla, Aryaman Vikram Birla as directors

Aditya Birla Group flagship firm says move comes at an appropriate moment, with the creation of the paints vertical and B2B platform for building material

Vistara plans to launch flight services to Hong Kong and Mauritius

The Tata group-run airline on Monday inducted an Airbus A321LR, the first by an Indian carrier. Vistara now has 54 planes and will add six more in 2023

Vedanta appoints industry veteran David Reed as semiconductor business CEO

Anil Agarwal-led Vedanta Ltd named industry veteran David Reed to head its semiconductor unit where it is looking to invest USD 20 bn to manufacture chips essential for mobile phones to laptops

Muthoot Finance consolidated net dips 11% YoY to Rs 934 crore in Q3

Total income declines 4% to Rs 3,030 crore, loan assets grow 7% tp Rs 65,000 cr

EaseMyTrip Q3 profit rises 4% YoY at Rs 41.7 cr, revenue increases 58%

Air tickets and hotel booking businesses do well to help volumes, says online travel firm

How an easy govt timeline on green hydrogen provides a breather to Adani

Among its renewable energy projects, the Adani group's massive planned investments in green hydrogen would be the easiest to scale back given the government's benign targets

Adani row: Congress holds protests in MP, seeks FM Sitharaman's resignation

Congress staged protests across Madhya Pradesh for a joint parliamentary committee (JPC) probe into allegations of stock manipulation against Adani Group and demanded resignation of Nirmala Sitharaman

Renault, Nissan unveil details of major shake up to 24-year-old alliance

Nissan and Renault have unveiled the details of a major shake-up of their often strained 24-year-old alliance, the media reported.

BYJU's to miss group level profitability deadline, results delayed again

BYJU's will not be able to meet its March 2023 deadline to achieve group-level profitability, as it envisioned in its earnings in October last year, reliable sources said on Monday