Page 1767 - Company News

FMCG industry continues to witness consumption slowdown in Sept qtr: Report

During the same period, urban markets recorded an 1.2 per cent increase in volumes

LT Foods raises Rs 390 cr by selling shares to SALIC via private placement

The relevant transactions are subject to necessary regulatory approvals

Tea Board seeks Rs 1,000-crore support for industry for next five years

Pahari said the Tea Board had also sought subsidy for orthodox tea production which has a good export market

JSW Steel expects exports to hit over 5-year low in FY23 on reduced demand

JSW Steel aims to produce 25 million tonnes of crude steel this year, up 28% from last year

Meta layoffs hit India teams; number of affected employees unclear

The worst lay-off in the global tech industry by Meta, that saw 11,000 employees being shown the door, has hit India teams too, albeit marginally, reliable sources said on Wednesday.

Flipkart burns over $3.7 billion cash in about a year till Sep 2022

The company, in July 2021, raised USD 3.6 billion (about Rs 29,000 crore), which has been completely exhausted, according to regulatory filings of Flipkart and Walmart.

Smart home appliances start-up Up raises $1.3 mn in pre-seed funding

Start-up's device assists people with no cooking experience by listing recipes, nutrition information

9.75 million developers in India use GitHub, 2nd largest after US

More than 2.5 million Indians joined the platform over the past year -- a 35 per cent year-over-year (YoY) increase

World's largest beer maker adds Budweiser Magnum whiskey to its India menu

India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country

Background checks and more: How IT companies are detecting moonlighting

IT firms are increasingly resorting to background verification firms for additional checks on employees for moonlighting, says report

pi Ventures raises $8 mn for 2nd fund from British International Investment

The second fund was launched in March 2021 with a base target corpus of $75 million and including a green shoe target of $100 million

Nykaa shares slump as one-year lockup period of pre-IPO investors ends

Selling pressure from pre-IPO investors feared in four start-ups this month

Most CEOs in India seek cyber-risk management plan next year: PwC study

One in four companies worldwide has suffered data breach that cost millions of dollars

A Rs 5,000 cr opportunity: Hinterland is Pine Labs' BNPL money-spinner

These include products like smartphones, wearables, large appliances, smart televisions, and washing machines

Analysts see a ray of hope for oil marketing firms after a difficult Q2

Although the Indian crude basket fell from an average of $109.5 per barrel in Q1 to an average of $97.87 a barrel in Q2, prices remained high in absolute terms

Toyota Kirloskar forays into CNG segment; introduces 2 new models

Toyota Kirloskar Motor on Wednesday announced its foray into the CNG segment with the launch of Glanza and Urban Cruiser Hyryder trims with the environment-friendly powertrain

Adani Ports acquires 49.38% stake in Indian Oiltanking for Rs 1,050 cr

Adani Ports and Special Economic Zone (APSEZ) said that it has acquired a 49.38 per cent stake in Indian Oiltanking, a developer and operator of liquid storage facilities

Barbeque-Nation Q2 net profit rises 143% to Rs 7.09 cr on dine-in rebound

Domino's Pizza's India franchisee Jubilant FoodWorks Ltd on Tuesday reported a 10% increase in quarterly profit on dine-in demand

Coal India's capital expenditure rises 33% to Rs 7,027 crore in Apr-Sep

The company's capex in the year-ago period stood at Rs 5,300 crore

Tata Motors to delist ADS, net loss in second qtr narrows to Rs 945 crore

The move will help simplify the company's financial reporting requirements and reduce administrative costs, it said