Page 1770 - Company News

'Telcos may see steady Q2 as SUC saving aid margins; 5G updates key focus'

Market analysts will be keenly tuning in to management commentaries on pace of roll-out for next-generation services, capex outlook and markers on tariff hikes

Lupin inks pact to acquire two inhalation brands from Sunovion for $75 mn

The Mumbai-based firm expects the transaction to be accretive to earnings in the first year

Colgate-Palmolive's India arm beats Q3 earnings estimates on price hikes

Sales increased nearly 3% to Rs 13.78 billion

PhonePe investing $200 million on building data centres: Official

Walmart-owned payment services provider PhonePe on Thursday said it is investing $200 million (around Rs 1,661 crore) on building data centres in the country, a top official said on Thursday

Shoppers Stop posts net profit of Rs 18 cr in Q2; revenue jumps 59%

Shoppers Stop reported a 60% jump in its second-quarter revenue on rebounding demand for clothes and shoes even as its move to spend heavily on fresh stock ahead of the festive season pressured profit

Sebi clears govt proposal to turn Vodafone Idea dues into equity: Report

The govt's stake in Vodafone after the conversion could be more than 30%, says a govt official

Revfin raises $10 mn in series A funding from Green Frontier Capital

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

Hitachi Energy to supply transformers for NTPC renewable energy park

The NTPC REL facility in Kutch produce electricity to support 8 million people

HCL founder Shiv Nadar gets USISPF's Lifetime Achievement Award 2022

Bilateral non-profit organisation honours billionaire for his contribution to technology industry and philanthropy

AI receives over 73,750 applications for cabin crew, pilots in 2 months

Air India, which has embarked on expansion plans said it has received more than 1,752 applications for pilots and 72,000 applications for cabin crew in the last two months

Glenmark Pharma launches drug for diabetic patients with comorbidities

Glenmark Pharmaceuticals said it has launched a fixed-dose combination for the treatment of diabetes for patients with comorbidities

Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt

Muthoot Finance Ltd. is extending a trend in emerging Asia that's dragged down bond issuance in the US currency to its lowest since 2015

Persistent Systems targets to double revenues to $2 bn in 4 years

Mid-tier IT company Persistent Systems on Thursday said it is targeting to double the revenues in four years to $2 billion

Porsche India reports 37% rise in sales to 193 units in third quarter

Luxury car maker Porsche India on Wednesday reported about 37 per cent rise in its sales to 193 units for the third quarter of 2022.

Adani Enterprises to raise Rs 1,000 cr via public issue of debentures

CareEdge has assigned 'A+' to the proposed issuance of debentures. It also reaffirmed ratings for long-term bank ratings 'A+' and short-term facilities 'A1+'

Hybrid model of work most preferred, work from office pushing up attrition

In the companies that announced work from the office in the next few months, the attrition rate was recorded at 29 per cent in August, a survey by HR solutions company Aon showed

India Inc hiring forensic companies to weed out moonlighters: Report

Forensic companies are checking voice samples to single out employees that are using Zoom for interviews with other companies

Salary hikes and bonuses start to come down for Indian IT services sector

FY24 hikes will stay at lower levels than the spike seen in FY22 and 23

Amazon witnesses biggest ever festive sale in India, says top exec

More than 80 per cent of the new customers came from smaller towns for the e-commerce giant's month-long festive sale event Great India Festival which would end on October 23

Swiggy Instamart eyeing 100 million user base in next 4-5 years

There are more than 500 brands and 5,000 products on the platform currently