Page 1592 - Company News
Tata Consumer Products gets nod to delist its global depository receipts
Maker of Tata Tea announces net profit of Rs 352 crore
 "Tata Consumer Products gets nod to delist its global depository receipts")
NSE puts Adani Ent, Adani Ports and SEZ, Ambuja Cement under ASM framework
When a stock is included in the ASM list, it serves as a warning to the investors about unusual activity in the stock
 "NSE puts Adani Ent, Adani Ports and SEZ, Ambuja Cement under ASM framework")
Law ministry allows CCI to clear pending mergers without full quorum
16 applications pending; corporate affairs ministry studying proposal, say sources
 "Law ministry allows CCI to clear pending mergers without full quorum")
Hindujas to invest Rs 10,000 crore to raise stake in IndusInd Bank
The Hinduja group has also offered to take over Reliance Capital for Rs 9,000 crore, but its offer is facing litigation from its rival bidder Torrent
 "Hindujas to invest Rs 10,000 crore to raise stake in IndusInd Bank")
No impact of Adani rout, India has 15 to 16 firms in renewables: R K Singh
The opposition parties have also sought a probe by a joint committee into the rout in Adani group companies stocks
 "No impact of Adani rout, India has 15 to 16 firms in renewables: R K Singh")
NCLT rejects second auction of Reliance Capital; creditors likely to appeal
CoC may move NCLAT to hold another auction to get higher value
 "NCLT rejects second auction of Reliance Capital; creditors likely to appeal")
Edtech major Byju's lays off over 1,000 employees from engineering teams
The edtech sector has laid off the most employees, with 16 edtech startups laying off more than 8,000 employees to date
 "Edtech major Byju's lays off over 1,000 employees from engineering teams")
Business initiative that has a heart: Lupin eyes Lyfe beyond the pill
Its digital health initiative for cardiac patients is part of its strategy to diversify into healthcare services
 "Business initiative that has a heart: Lupin eyes Lyfe beyond the pill")
NASA, IBM team up to develop AI-based models to spur new Earth discoveries
Another output from this collaboration is expected to be an easily searchable corpus of Earth science literature
 "NASA, IBM team up to develop AI-based models to spur new Earth discoveries")
Automaker Renault upgrades cars to meet stricter emission norms
The company's entire range, including Kiger, Triber and Kwid, will meet the second phase of BS VI emission norms which will kick-in from April 1 this year
 "Automaker Renault upgrades cars to meet stricter emission norms")
Govt to sell some stake in Hindustan Zinc by next month: DIPAM secy
At the current price of Rs 325.45 a share, a 29.54 per cent stake would fetch about Rs 40,000 crore to the government
 "Govt to sell some stake in Hindustan Zinc by next month: DIPAM secy")
Streaming giant Netflix introduces new features to premium plan members
Streaming giant Netflix has announced new features that will be available at no additional cost to members, who are already on the Premium plan, choose to upgrade, or are signing up for the first time
 "Streaming giant Netflix introduces new features to premium plan members")
Dabur India Q3 profit drops on dull rural demand; income dips to Rs 476 cr
In fact, the drop off in rural spending slowed the entire FMCG sector's growth in the last three months of 2022, compared with the previous quarter, market intelligence firm NielsenIQ said on Thursday
 "Dabur India Q3 profit drops on dull rural demand; income dips to Rs 476 cr")
Kalpataru Power Transmission receives orders worth Rs 2,456 crore
In the domestic market, the firm bagged railway projects worth Rs 299 crore and Oil & Gas pipeline projects worth 232 crore
 "Kalpataru Power Transmission receives orders worth Rs 2,456 crore")
Bajaj Electricals Q3 profit rises 27%, amid high demand of consumer goods
India's Bajaj Electricals Ltd reported a near 27% surge in third-quarter profit on Thursday, aided by higher demand for consumer goods
 "Bajaj Electricals Q3 profit rises 27%, amid high demand of consumer goods")
Godrej Properties profit rises 51% to Rs 58.74 crore in December qtr
Realty firm Godrej Properties Ltd on Thursday reported a 51 per cent increase in its consolidated net profit to Rs 58.74 crore for the third quarter ended December 2022.
 "Godrej Properties profit rises 51% to Rs 58.74 crore in December qtr")
Pinterest lays off about 150 employees amid cost-cutting measures
Photo-sharing social media platform Pinterest is reportedly laying off about 150 employees amid cost-cutting measures.
 "Pinterest lays off about 150 employees amid cost-cutting measures")
Adani's market losses top $100 bn as shelved share sale spooks investors
The withdrawal of Adani Enterprises' share sale caps a dramatic setback for Gautam Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years
 "Adani's market losses top $100 bn as shelved share sale spooks investors")
Job growth in Indian IT sector declines 25% over corrections in hiring
The hiring intent declined across both large IT giants and unicorns, while trends across other IT startups remained stable as compared to last year, according to a report by naukri.com
 "Job growth in Indian IT sector declines 25% over corrections in hiring")
FCI sells 888k tonne wheat to bulk consumers on first day of e-auction
State-owned Food Corporation of India (FCI) has sold 888,000 tonne of wheat to bulk consumers like flour millers on the first day of e-auction conducted in 22 states, the food ministry said
 "FCI sells 888k tonne wheat to bulk consumers on first day of e-auction")