Page 1785 - Company News
Dabur says consolidated revenue in Q2 likely to grow in mid-single digit
Home-grown FMCG major Dabur India on Thursday said its domestic business had a "steady performance" and is expected to report "revenue growth in mid-single digit" for the second quarter
 "Dabur says consolidated revenue in Q2 likely to grow in mid-single digit")
Karnataka HC declines relief to Xiaomi over Rs 5,551-cr asset freeze
The Enforcement Directorate froze Rs 5,551 crore of Xiaomi assets in April, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments
 "Karnataka HC declines relief to Xiaomi over Rs 5,551-cr asset freeze")
Dabur India flags up to 200 bps margin hit in Q2 as inflation bites
Dabur's consolidated revenue grew 8.1% in the June-quarter, with an operating margin of 19.62%
RBI directs credit information companies to appoint internal ombudsman
The Reserve Bank of India (RBI) on Thursday has directed all the credit information companies to appoint an internal ombudsman by April 1, 2023
 "RBI directs credit information companies to appoint internal ombudsman")
SpiceJet shares settle 9% higher on report of likely Rs 1,000-cr govt loan
Shares of SpiceJet on Thursday ended nearly 9 per cent higher amid reports that the company is expected to receive an additional Rs 1,000 crore as part of the modified ECLGS
 "SpiceJet shares settle 9% higher on report of likely Rs 1,000-cr govt loan")
Top headlines: Sep services growth at 6-month low; Dabur flags margin hit
"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing
 "Top headlines: Sep services growth at 6-month low; Dabur flags margin hit")
India sees $5.7-bn online festive sales, 56k mobiles sold per hour: Report
The online retail platforms in India clocked $5.7 billion (about Rs 40,000 crore) worth festive sales between September 22 to 30, a robust 27 per cent (year-on-year) growth, a report showed
 "India sees $5.7-bn online festive sales, 56k mobiles sold per hour: Report")
Airtel rolls out 5G Plus in eight cities, no SIM change required
Customers in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi will start enjoying the Airtel 5G Plus services in a phased manner, said the company
 "Airtel rolls out 5G Plus in eight cities, no SIM change required")
WeWork India takes on lease 362,000 sq ft office space in Bengaluru
Co-working major WeWork India on Thursday said it has taken on lease 3.62 lakh square feet office space in Bengaluru as part of its expansion plan amid rising demand for flexible workspace.
 "WeWork India takes on lease 362,000 sq ft office space in Bengaluru")
Mumbai Angels raises $ 2mn funding for recruitment automation start-up
TurboHire ensures accuracy in candidate selection and reduces the cost and time spent on hiring
 "Mumbai Angels raises $ 2mn funding for recruitment automation start-up")
Agritech start-up Falca raises $3 mn in funding for expanding business
Company enables farmers to sell their products directly to consumers without extra costs like logistics, packaging
 "Agritech start-up Falca raises $3 mn in funding for expanding business")
ONGC Videsh to invest $1 billion in offshore block held by Petrobras
Brazil's Petroleo Brasileiro SA (Petrobras) owns a 75 per cent stake in the block and the rest 25 per cent is held by OVL, it will raise its stake in the block
 "ONGC Videsh to invest $1 billion in offshore block held by Petrobras")
Glenmark launches drug to treat patients with insulin-resistant diabetes
Glenmark Pharmaceuticals said it has launched Thiazolidinedione Lobeglitazone in the country for the treatment of type 2 diabetes in adults
 "Glenmark launches drug to treat patients with insulin-resistant diabetes")
Star Air inaugurates direct flight services between Mumbai and Kolhapur
Star Air, the aviation arm of Sanjay Ghodawat Group, inaugurated its direct flight services between Mumbai and Kolhapur under the Regional Connectivity Scheme
 "Star Air inaugurates direct flight services between Mumbai and Kolhapur")
Macrotech Developers' sales bookings up 57% to Rs 3,148 crore in Q2
Realty firm Macrotech on Thursday reported a 57 per cent increase in its sales bookings during the July-September quarter to Rs 3,148 crore on strong housing demand
 "Macrotech Developers' sales bookings up 57% to Rs 3,148 crore in Q2")
RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free
The commentary for FIFA matches will be available to users in English, Hindi, Malayalam, Bengali, and Tamil
 "RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free")
Copycat threat to goodwill, trademark of legacy brands increasing
Small businesses violate trademark laws with deceptively similar brand names which not only confuses consumers, but also leads to production of fake goods resulting in huge losses to corporates
 "Copycat threat to goodwill, trademark of legacy brands increasing")
Airlines face difficulty in operating at full capacity amid low demand
The travel sentiment was impacted by several waves of the Covid-19 pandemic, people postponed travel plans to protect their savings. In this, high travel fares impacted the demand negatively
Poonawalla Fincorp AUM grows 21% YOY to Rs 3,270 crore in Sept quarter
Sequentially, its consolidated asset portfolio expanded by 5% over Rs 17,660 crore at end of June 2022
 "Poonawalla Fincorp AUM grows 21% YOY to Rs 3,270 crore in Sept quarter")
How will high global natural gas prices affect India?
Ahead of the winter, Europe is making desperate attempts to purchase natural gas from sources other than Russia, putting Asia in a tight spot. What does it mean for India? Let us find out
 "How will high global natural gas prices affect India?")