Page 1777 - Company News

Top headlines: India Inc's overseas fundraising, Vistara-AI merger talks

From Vistara-Air India merger discussions to India Inc's fundraising, here are the top headlines on Friday morning

Why are Indian start-ups facing such a severe funding winter?

Venture funding data indicates that Indian start-ups are in the middle of a harsh funding winter. While the global situation is not good, the slowdown is more pronounced in India. Let us find out why

Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance

Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore

Sebi moves Supreme Court against SAT ruling in NDTV matter: Sources

Sources said Sebi's appeal before the SC is in order to ensure that the SAT order doesn't set a precedent where promoters of listed companies convert loans into shares without triggering an open offer

MTNL gets nod to raise Rs 17,571 cr via bonds, borrow Rs 35k from banks

State-owned MTNL on Thursday said its shareholders have approved a proposal to raise up to Rs 17,571 crore through government-guaranteed debt bonds on private placement basis.

India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data

Fresh loans plummet 93% to $210 mn in Q3, CY22

SC grants relief to CWC in row with Adani Ports on alleged land takeover

SC also asked the Union government to evolve a mechanism so that its departments don't take different stands before the court. Attorney General R Venkataramani has been requested to examine the issue

Finance, consulting firm jobs make up for the loss in IT sector placements

However, IT companies have also been strategic in the extent of hiring cuts that have varied from campus to campus

Singapore Airlines confirms Vistara-Air India merger discussions

SIA, however, has cautioned its investors that there is no certainty of a deal

Mindtree Q2 net profit rises 27.5% to Rs 508 cr; revenue up 31.5%

Mindtree signed total contract value (TCVs) worth $518 million, taking its first half of FY23 TCV to $1 billion for the first time ever

SpiceJet plane makes emergency landing in Hyderabad; DGCA orders probe

A SpiceJet plane coming from Goa made an emergency landing at Hyderabad airport on Wednesday night after smoke was observed in the cabin and DGCA is probing the incident

Piramal Pharma receives Sebi's nod to list shares on Indian bourses

Piramal Pharma on Thursday said it has received an approval from the Securities and Exchange Board of India (Sebi) to list shares on domestic stock exchanges

Edtech platform Vedantu takes majority stake in Deeksha for $40 mn

This partnership seeks to leverage Vedantu's technology and integrate it into offline centers to create a scalable hybrid model

Multiple triggers to help Westlife Development maintain outperformance

Sales uptick in dine-in and delivery channels, new products and gradual royalty hikes are positives

Toyota marks turnaround in India, reports highest profit in four years

The company has worked towards meeting the mobility needs of consumers

Manipal Health may launch IPO after deal to buy AMRI Hospitals

Manipal Health is India's second-largest hospital chain, is estimated to have 8,700 hospital beds

Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

Reliance sole bidder for Metro's India business, says report

Representatives for Metro and Reliance declined to comment, while a spokesperson for CP Group didn't immediately respond to requests for comment.

Will hire 10,000 teachers in next 6 months, says Byju's co-founder

The hiring strategy is going to play a key role in the company's optimisation plan as it looks to target profitability by March 2023

Retailers likely to see strong revenue performance in July-Sept quarter

According to Dolat Capital earnings preview report, retail will be the highest ranked on revenue and earnings growth from its coverage