Page 1774 - Company News

India Inc's freshers' hiring intent surges 61% in HY22, says report

Freshers' hiring intentions have increased to 61 per cent for the July-December 2022 period as employers across India look to hire due to the accelerated rate of tech and digital advancements

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

Jio topples BSNL to become largest fixed-line service provider in August

Private telecom operator Reliance Jio toppled state-run BSNL in August to become the largest fixed-line service provider in the country, according to a Trai report released on Tuesday

Air quality-driven construction ban may delay realty projects in Delhi-NCR

568,000 housing units are under various stages of completion. Periodic bans by NGT, govt, or apex court in response to poor air quality have serious consequences, say experts

PhonePe revenue up 138% to Rs 1,646 cr; losses narrow to Rs 671 cr in FY22

Better revenue was primarily driven by robust growth across all businesses; contribution margin grew to 88% from 84% the previous year

Tata Motors bags order for 200 e-buses; to be deployed in Jammu, Srinagar

Tata Motors on Tuesday said it has received an order for 200 electric buses which will be deployed in Jammu and Srinagar.

Adani Defence and Aerospace to acquire Air Works for Rs 400 cr

Air works is the oldest MRO in India with presence across 27 cities, 6 maintenance bays and 900-plus maintenance experts

Centre seeks waiver in key norm for IDBI Bank stake sale: Report

Govt has reportedly asked SEBI if it can classify the govt, LIC's remaining stake of about 34% after the sale as public float, which will help the new buyer meet the minimum public shareholding norm

NCLT extends Reliance Capital debt resolution deadline to January

This is the third deadline extension as the lenders seek better offers from the bidders

ONGC Videsh making a proposal to retake 20% stake in Russia's Sakhalin-1

ONGC Videsh Ltd is making a proposal to retake 20 per cent stake in Russia's Sakhalin-1 oil and gas project in the far east, sources said

Air India aims 30% international mkt share in 5 years: CEO Campbell Wilson

Air India chief Campbell Wilson on Tuesday said the airline aims to have 30 per cent share in both domestic and international markets in the next five years.

Ministry of Corporate Affairs nominates two directors on board of IL&FS

The Ministry of Corporate Affairs (MCA) has nominated two directors G Mahalingam and Deepak Mohanty on the board of IL&FS

Corporate funding in global solar sector falls 18% to $18.7 bn: Report

Corporate funding in the global solar sector declined by 18 per cent year-on-year to $18.7 billion in January-September 2022, according to a Mercom Capital report

NCLT extends Reliance Capital resolution process deadline to Jan 31

The National Company Law Tribunal (NCLT) has for the third time extended the deadline for debt-ridden Reliance Capital's resolution process to January 31

Down 66% YoY, total deal value in Q3FY23 second lowest since 2017: Report

According to Grant Thornton Bharat's Dealtracker September 2022 report, a total of 450 deals worth $10.2 billion were recorded in Q3FY23, 25 per cent below the 600 deals recorded in Q3FY22

USFDA issues four observations to Alembic Pharma's Panelav plant

Alembic Pharmaceuticals Ltd said the US health regulator has issued a Form 483 with four procedural observations after inspection of its oncology injectable formulation facility at Panelav in Gujarat

NMDC set to call for EoI for appointment of consultant for mining license

State-owned NMDC Limited has said it is taking the first step for obtaining a Mining License (ML) to start operations at a gold mine in Andhra Pradesh

Musk's SpaceX seeks DoT's nod for Starlink broadband-from-space services

Bharti Group-backed OneWeb and Reliance Jio have already received DoT's approval for GMPCS licences

Parle in talks to acquire Polish biscuit brand dr Gerard, says report

dr Gerard was launched in 1993 and has over 200 varieties of biscuits and salty snacks. In 2013, it was acquired by Bridgepoint for an undisclosed sum

Centre to infuse Rs 5,000 crore in state-run general insurers: Report

On October 14, the finance ministry notified the wage revision plan for officers and employees of state-run insurers which is expected to cost Rs 8,000 crore to these companies