Page 1772 - Company News

E-Gaming Federation to challenge Tamil Nadu ordinance banning online gaming

Regarding rummy and poker as games of chance violates Supreme Court and Madras High Court judgments which overturned the law banning online games

CG Power Q2 net profit falls 11% to Rs 179 cr; total income rises 16%

CG Power and Industrial Solutions on Wednesday reported 11 per cent decline in consolidated net profit at Rs 178.97 crore for September quarter 2022-23

Vedanta arm Balco wins bid for 900 mn tonne coal block in Chhattisgarh

Vedanta Ltd on Wednesday said that its arm Balco has won the bid for a coal block in Chhattisgarh

Prestige Estates Q2 sales bookings rise 66 pc; H1 bookings jump over 2-fold

Realty firm Prestige Estates Projects Ltd's sales bookings rose 66% year-on-year to Rs 3,511 crore in the second quarter of this fiscal on higher demand despite a rise in home loan interest rates

Diagnostic cos revenues to decline 7% in FY23 as Covid tests fall: Crisil

A fall in Covid-19 tests will lead to an up to 7 per cent dent in diagnostic companies' toplines in FY23, rating agency Crisil said on Wednesday

FMCG major Nestle enters into D2C space, launches online platform

FMCG major Nestle India on Wednesday launched its own Direct-to-Consumer (D2C) platform, foraying into the fast-growing online channel

Top headlines: UltraTech Q2 net falls 42%; rupee breaches 83 per dollar

Besides, rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local currency, traders said

Global financial crisis not to hit India's logistics sector: TVS SCS

Firm's CEO K Sukumar indicates that the rise in domestic consumption and growth in end-user industries has insulated the sector from the meltdown

Game streaming co Rooter to host India's biggest cricket eWorld Cup event

Tournament to run from from Oct 16 to Nov 13, coincide with ICC Men's T20 World Cup

RHI Magnesita India acquires Hi-Tech's refractory business for Rs 621 crore

RHI Magnesita India Limited on Wednesday said it has acquired the refractory business of Hi-Tech for Rs 621 crore in an all-cash deal.

Mother Sparsh gets second investment from ITC, eyes Rs 100 cr in Series B

Announcement comes on heels of Mother Sparsh's entry into the diaper segment with the launch of Plant-Powered cloth diapers. The firm had raised Rs 20 crore in Series A from ITC last November

NSE Indices floats consultation paper on index rules

NSE Indices, a subsidiary of NSE, is planning to change the methodology of merger and demerger of index constituents for equity indices to avoid big churnings, which happens in the current system

Nestle India's profit rises 8.3% to Rs 668 cr in Q2, tops estimates

The Maggi noodles maker's profit rose 8.3% to Rs 668 crore ($81.1 million) in the quarter ended Sept. 30

Can Fin Homes revamping top management; new CEO before end of Dec

Mortgage lender may raise equity capital before closing Q4 of FY23

Kakao's co-CEO resigns over massive service disruption mobile messenger

A top executive of artificial intelligence (AI) solutions provider Kakao stepped down to take responsibility for the recent disruption of the company's mobile messenger KakaoTalk

CEOs of Indian companies get nearly 4% compensation hike in FY22

According to members of nomination and pay committees of several blue-chip corporations, there is a growing trend of linking CEO salaries to results and performance

IDBI stake sale: To help the buyer, centre asks Sebi to ease norms

The government offered to sell a total of 60.72% stake in the IDBI bank, in early October

BEL to manufacture Hydrogen fuel cells with technology from US-based TEV

Bharat Electronics has signed an MoU with US-based Triton Electric Vehicle for manufacturing Hydrogen fuel cells with technology transfer from the latter to meet the requirements of the Indian market

Invesco, others sell 5.51% of Zee Entertainment shares worth Rs 1,396 crore

Investment firm Invesco and OFI Global China along with other entities sold 5.51 per cent in Zee Entertainment Ltd (ZEEL) for more than Rs 1,396 crore through open transactions

JICA to consider upcoming corridors of Delhi Metro's phase-4 expansion

Estimated to cost Rs 24,000 crore, the phase looks to connect several gaps in the city's transport infrastructure