Page 1672 - Company News

LG Electronics India FY22 PAT falls 23% to Rs 1,175 cr; total income up 10%

LG Electronics India's profit after tax for FY22 declined 23.17 per cent to Rs 1,174.7 crore, according to financial data accessed by the business intelligence platform Tofler

Bharat Biotech urges Centre to include intranasal Covid vaccine in CoWIN

Bharat Biotech has requested the central government to include its intranasal COVID-19 vaccine iNCOVACC, in CoWIN portal to enable the recipients of the jab to get vaccination certificate

USFDA issues warning letter to Glenmark Pharma for lapses at Goa plant

The US health regulator has pulled up drug maker Glenmark Pharmaceuticals for manufacturing lapses, including failure to establish required laboratory control mechanisms, at Goa-based plant

Paytm can't use IPO proceeds for buyback; co's liquidity to be used: Report

One 97 Communications Ltd cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said

Boeing says India is key nation for its sustainable aerospace programme

American plane maker Boeing says India is a priority country for its ambitious programme to decarbonise aerospace globally

Govt to check foreign fund appetite in Hindustan Zinc before stake dilution

The government will assess the appetite of large foreign funds in Hindustan Zinc before taking a decision on the timing of dilution of its minority equity stake in the Anil Agarwal-owned metal company

RBI shortlists 7 consultancy firms to use AI, ML to improve supervision

The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers and McKinsey to use artificial intelligence and machine learning for supervisory functions

Software firm Salesforce's workers brace for fresh round of layoffs

Salesforce, an enterprise software company, is preparing for another round of layoffs amid leadership changes, increased pressure to meet sales targets, and the influence of activist investors.

Mahindra Holidays to invest Rs 1,500 crore on expansion in next 3 years

Mahindra Holidays & Resorts India plans to invest up to Rs 1,500 crore in the next three years in expansion, including room additions and resort acquisitions, according to MD and CEO Kavinder Singh

Vee Technologies to hire 3,000 fresh graduates in south India in next 1 yr

Bengaluru-New York headquartered IT services firm, Vee Technologies has announced its plan to add over 3,000 fresh graduates to its work force in south India in the next 12 months

Amid cabin crew constraints, Air India cancels Delhi-San Francisco flights

Cabin crew constraints are impacting Air India's ultra long haul flights, with the Tatas-owned carrier deciding to either reschedule or cancel certain services to San Francisco and Vancouver

Vodafone Idea, ATC extend subscription date of Rs 1,600 cr OCDs to Feb 28

Debt-ridden Vodafone Idea and its vendor ATC Telecom Infrastructure have agreed to extend the last date for subscription of Rs 1,600 cr optionally convertible debentures to Feb 28, the company said

Jaypee Power board meet on Monday over divestment of cement grinding unit

Jaypee group firm Jaypee Power Ventures will hold a board meeting on Monday to consider a proposal to divest its Nigrie cement grinding plant in Madhya Pradesh

Snake found in AI Express plane's cargo hold; DGCA to probe incident

A snake was found in the cargo hold of an Air India Express plane after it landed at the Dubai airport on Saturday and aviation regulator DGCA is probing the incident, according to a senior official.

BharatPe filed cases as my book 'Doglapan' created panic: Ashneer Grover

Former BharatPe Co-founder and MD Ashneer Grover claimed that his book "Doglapan" created panic among BharatPe executives and this is the reason the fintech company filed several cases against him

Alphabet's Wing unveils remote operations centre for drone delivery

Alphabet's drone delivery company Wing has unveiled its new remote operations centre where pilots will monitor multiple missions at a time

Paytm buyback shows firm believes shares are below intrinsic value

Paytm, India's leading mobile payments and financial services company, has informed the exchanges about its plans to buyback shares as its management believes that it will be beneficial

Amazon to end support for third-party Alexa skills to book doctors online

Amazon to end support for third-party healthcare Alexa skills that allow users to ask the virtual assistant for booking a doctor's appointment, accessing hospital post-discharge instructions, etc.

BMW expects sales momentum to continue next year; lines up 8 new launches

With 2022 turning out to be the best ever year in terms of sales, luxury carmaker BMW India expects volume to remain robust in 2023

Adani group entity operating Guwahati airport gets aerodrome licence

The Guwahati International Airport Ltd, the Adani group entity that operates the LGBI Airport, here, has been granted aerodrome licence by the DGCA for complete management of the airport