Page 1791 - Company News
Latest study recognizes India Gate as the world's no. 1 basmati rice brand
Latest study by leading global research agency shows how the grain is witnessing an increased demand, globally
 "Latest study recognizes India Gate as the world's no. 1 basmati rice brand")
Shiprocket enables 1st inter-city logistics for small merchants on ONDC
Logistics solution provider Shiprocket on Thursday said it has gone live on ONDC, enabling first ever inter-city logistics on the government-backed e-commerce network.
 "Shiprocket enables 1st inter-city logistics for small merchants on ONDC")
Mark Zuckerberg asks for 'patience' as Meta's costs spook investors
Zuckerberg said he is confident that Meta's largest bets in areas such as short-form video, business messaging and the metaverse were headed in the right direction
 "Mark Zuckerberg asks for 'patience' as Meta's costs spook investors")
'Strong consumer demand': AB InBev raises 2022 outlook as beer sales rise
"We continue to see strong consumer demand for our portfolio and a resilient beer category as we navigate the dynamic operating environment," Chief Executive Michel Doukeris said in a statement
 "'Strong consumer demand': AB InBev raises 2022 outlook as beer sales rise")
Samsung scion Jay Y. Lee takes helm of South Korean technology empire
The decision emerged the same day his company reported disappointing earnings and warned it didn't foresee a recovery in technology demand till the second half of 2023
 "Samsung scion Jay Y. Lee takes helm of South Korean technology empire")
Meta's Instagram reaches 2 billion users, closing in on Facebook
The company disclosed the number during an otherwise-gloomy earnings report Wednesday, when a shaky ad market clouded Meta's forecast and sent its shares tumbling
 "Meta's Instagram reaches 2 billion users, closing in on Facebook")
Meta misses profit expectations as Q3 sales slip 4%, net income falls 52%
In the third quarter, Meta was buffeted by a widespread ad-spending downturn, posting a 4 per cent year-over-year revenue loss, while missing Wall Street estimates on the bottom line
 "Meta misses profit expectations as Q3 sales slip 4%, net income falls 52%")
CBI arrests private firm's director Sanjay Kumar Singh in ponzi scam case
The CBI has arrested the director of a Durgapur-based company in connection with its probe into a ponzi scam case, a senior official said on Wednesday
 "CBI arrests private firm's director Sanjay Kumar Singh in ponzi scam case")
MoS speaks to Apple after reports of iPhone 14 Pro running out of stock
Minister of State For Electronics and IT Rajeev Chandrasekhar said he has spoken to Apple on reports of stores in the national capital running out of stock of the firm's offering iPhone14 Pro
 "MoS speaks to Apple after reports of iPhone 14 Pro running out of stock")
Dabur India to acquire majority stake in Badshah Masala for Rs 587 crore
Acquisition in line with its strategic intent to expand its food biz to Rs 500 crore in 3 years
 "Dabur India to acquire majority stake in Badshah Masala for Rs 587 crore")
USFDA issues import alert on Glenmark Pharma's Baddi manufacturing plant
Glenmark Pharmaceuticals on Wednesday said the US health regulator has put its manufacturing plant at Baddi under import alert
 "USFDA issues import alert on Glenmark Pharma's Baddi manufacturing plant")
Air India Express to lease 2 Boeing 737 airplanes from Vistara: Report
Budget airline Air India Express is looking to lease two Boeing 737 aircraft from full-service carrier Vistara to offer more flights during the winter schedule, according to a source
 "Air India Express to lease 2 Boeing 737 airplanes from Vistara: Report")
Analysts positive on Bank Nifty, advise picking up stocks on dips
Bank Nifty index has been outperforming the benchmark Nifty. It has gained 4% in the past one month and 16% YTD. In comparison, Nifty is up less than 2% both on a one-month and YTD basis
 "Analysts positive on Bank Nifty, advise picking up stocks on dips")
Housing sales in tier-1 cities in 2022 set to cross previous peak of 2014
Total sales in top-7 cities is expected to exceed 360,000 units this year; the previous peak in the year 2014 was 343,000 units
 "Housing sales in tier-1 cities in 2022 set to cross previous peak of 2014")
Passenger vehicle makers cheer as sales jump in month-long festival season
Deliveries of market leader Maruti Suzuki India rose to 190,000 units compared to 130,000 units last year
 "Passenger vehicle makers cheer as sales jump in month-long festival season")
Telcos need to install atleast 10K 5G towers per week: Ashwini Vaishnaw
Vaishnaw said deadline for receiving comments on draft Telecom bill may be extended to November 10 but not beyond that.
 "Telcos need to install atleast 10K 5G towers per week: Ashwini Vaishnaw")
Billionaire Gautam Adani's wealth up relative to India's GDP, shows data
He was the only one in the top-5 billionaire who did not see a wealth decline over the last year
 "Billionaire Gautam Adani's wealth up relative to India's GDP, shows data")
Indian developers benefit from Android, Play: Google on CCI penalty
Tech giant was yesterday ordered to pay Rs 937 cr as penalty for abusing dominant position of its app store
 "Indian developers benefit from Android, Play: Google on CCI penalty")
Trai to push DoT for separate license for wholesale access network provider
Trai to again write to DoT arguing its case; move to see creation of new industry vertical in telecom space, bring in more domestic and foreign players
 "Trai to push DoT for separate license for wholesale access network provider")
FMCG major Dabur announces investment of Rs 325.87 crore in Indore plant
Home-grown FMCG major Dabur on Wednesday said it will invest Rs 325.87 crore in its Indore plant