Page 1617 - Company News
Hindustan Zinc Q3 net profit drops 20% to Rs 2,156 cr on higher expenses
Commenting on results, HZL CEO Arun Misra said that the company delivered the best-ever nine months of refined metal mark on the back of the highest mined metal
 "Hindustan Zinc Q3 net profit drops 20% to Rs 2,156 cr on higher expenses")
Sterling and Wilson Renewable Energy net loss narrows to Rs 99 crore in Q3
The company had reported a consolidated net loss of Rs 428.78 crore in the year-ago period, according to a regulatory filing
 "Sterling and Wilson Renewable Energy net loss narrows to Rs 99 crore in Q3")
EU regulator fines WhatsApp $5.95 million for breach of privacy laws
The DPC, which acts as the EU's lead privacy regulator for Meta, said WhatsApp must reassess how it uses personal data for service improvements
 "EU regulator fines WhatsApp $5.95 million for breach of privacy laws")
CAQM asks Coal India to stop supply, sale to industries in Delhi-NCR
However, the use of low-sulphur coal in thermal power plants is allowed
 "CAQM asks Coal India to stop supply, sale to industries in Delhi-NCR")
Adani Enterprises plans to enter water segment; FPO opens next Friday
The FPO will open for subscription on January 27 and close on January 31, while the anchor investor's portion will be open a day earlier, the company said
 "Adani Enterprises plans to enter water segment; FPO opens next Friday")
December retail sales jump 16% from pre-Covid levels, shows RAI survey
Retailers Association of India (RAI) surveys retailers in different categories such as apparel, home decor, beauty and personal care, quick service restaurants, footwear, food, and grocery
 "December retail sales jump 16% from pre-Covid levels, shows RAI survey")
IBC overhaul seeks to give adjudicating authority a power boost
MCA proposes specialised framework for realty projects
 "IBC overhaul seeks to give adjudicating authority a power boost")
HUL board approves hiking royalty to parent from 2.65% to 3.45% of turnover
HUL said the new contract terms were subject to a detailed evaluation and due diligence led by its senior management and guided by its Audit Committee and Board
 "HUL board approves hiking royalty to parent from 2.65% to 3.45% of turnover")
Maharashtra govt approves M&M proposal to set up Rs 10k-cr EV plant in Pune
The two sides signed an agreement to this effect at the World Economic Forum in Davos on Wednesday, M&M Ltd said in a statement
 "Maharashtra govt approves M&M proposal to set up Rs 10k-cr EV plant in Pune")
HUL Q3 results: Net profit rises 7.9% to Rs 2,481 cr; total income up 16.4%
The company had posted a net profit of Rs 2,300 crore in the October-December quarter of the previous fiscal
 "HUL Q3 results: Net profit rises 7.9% to Rs 2,481 cr; total income up 16.4%")
PVR swings to Q3 profit of Rs 16.15 cr on strong movie runs, revenue up 53%
The company said it is on track to open a total of 100-110 new screens by the end of this fiscal year
 "PVR swings to Q3 profit of Rs 16.15 cr on strong movie runs, revenue up 53%")
Indian dairy firm Hatsun Agro falls 2.9% in animal feed, milk procurement
India's Hatsun Agro Product Ltd, which sells Arun ice cream and Arokya milk, reported a 2.9% fall in quarterly profit on Thursday, hurt mainly by a surge in prices for animal feed and milk procurement
 "Indian dairy firm Hatsun Agro falls 2.9% in animal feed, milk procurement")
Spotify, 7 other firms call on European regulators to crack down on Apple
Audio streaming platform Spotify and 7 other European companies are calling on European Commission to take "swift and decisive action" against Apple over 'anti-competitive' and 'unfair' practices
 "Spotify, 7 other firms call on European regulators to crack down on Apple")
Alembic Pharmaceuticals gets USFDA nod to market generic cancer drug
The company's product is therapeutically equivalent to AstraZeneca UK's Calquence Capsules (100 mg)
Adani Group has no plans to enter telecom sector: Chief financial officer
Adani Enterprises' unit Adani Data Networks purchased airwaves worth nearly $27 million in the country's 5G auction last year
This CEO raises 'long-standing issue' after passengers miss S'gapore flight
On Wednesday, 32 passengers could not board a Singapore-bound flight operated by budget carrier Scoot
 "This CEO raises 'long-standing issue' after passengers miss S'gapore flight")
Look at the kind of authority you wield in terms of dominance: SC to Google
Singhvi further argued that in Korea, there is a different user and pressed that Google is there due to excellence and not due to dominance
 "Look at the kind of authority you wield in terms of dominance: SC to Google")
Amazon shuts its charity donation program 'AmazonSmile' as it fails purpose
Amazon on Thursday announced that it will shut down its charity donation programme, "AmazonSmile", as it failed to create the impact the company hoped for
 "Amazon shuts its charity donation program 'AmazonSmile' as it fails purpose")
Sebi probes investments between Nippon Mutual Fund, YES Bank: Report
As of December 2022, Nippon India was the seventh-largest mutual fund in India with assets under management of 2.9 trillion rupees ($35.46 billion) as well as the biggest foreign-owned mutual fund
 "Sebi probes investments between Nippon Mutual Fund, YES Bank: Report")
Havells India Q3 net dips 7.3% to Rs 283.52 cr on higher raw material costs
The cost of raw materials and components consumed stood at Rs 2,321.99 crore compared to Rs 2,089.59 crore in the year-ago period, the company said
 "Havells India Q3 net dips 7.3% to Rs 283.52 cr on higher raw material costs")