Page 1818 - Company News

Next Orbit-led consortium to mainly have Indian firms as equity holders

The consortium will consist of only Indian companies, with one of them taking a 20-30 per cent stake

LML plans to raise up to Rs 500 cr; first product in 2nd half of 2023

The second product will be a "hyper bike" -- a crossover between an electric scooter and motorcycle -- while the third one will be an electric scooter, company's MD and CEO Yogesh Bhatia added.

Piramal, Zurich Insurance to bid jointly for Reliance General Insurance

Administrator pegs general insurance arm valuation at Rs 9,450 crore

Ad spends likely to get double-digit boost as festive cheer returns

Ad spend projected to be Rs 30,000 crore this time - growth of 15% over last year's Rs 26,000 crore

JioMart morphs into e-marketplace to take on Amazon and Flipkart

Reliance Retail's digital commerce arm has been onboarding additional sellers across categories

Shruti Shibulal's Tamara Leisure expects 3-fold growth this fiscal

The company is looking at inorganic expansion through acquisitions across its affordable, mid-segment and leisure businesses across India as well as overseas through internal accruals, Shibulal told

NCLAT dismisses Siemens' plea against encashment of its guarantee in MEL

Meenakshi Energy Ltd (MEL) which is presently facing insolvency proceedings, was setting up a 700 MW thermal plant, in which Siemens was a sub-contractor for the project.

Salesforce to increase India headcount to 10,000 by Jan next year: CEO

Salesforce India will increase its headcount in the country to 10,000 by January next year from 7,500-plus currently, its chairperson and CEO Arundhati Bhattacharya has said.

Housing.com to hire about 200 people in FY23; to invest in tech, promotion

Housing.com will hire about 200 people this fiscal to strengthen its team, besides investing in technology as well as brand promotion to become the clear market leader, its CEO Dhruv Agarwala said

Followed due process to get fair valuation for amalgamation: Tata Steel CFO

In a Q&A, Koushik Chatterjee, says the decision to merge seven group firms is a priority for Tata Steel and the entities involved. He adds that rupee depreciation will influence steel prices

Merger of entities with Tata Steel will simplify management: CFO

Merger of seven entities with Tata Steel will allow simplification of management and help with sharper focus on the business, Koushik Chatterjee, CFO of the steel giant, said

PLI schemes should focus on firms making pharma products: Bharat Biotech

PLI schemes should also focus on companies providing packaging materials and other services in addition to manufacturers of branded pharmaceutical items, Bharat Biotech executive director said

Century Plyboards expecting 20-25% revenue growth this fiscal year

Century Plyboards is expecting a 20-25 per cent growth in revenue this fiscal and is setting up a new Rs 700-crore manufacturing plant in Andhra Pradesh, its ED Keshav Bhajanka said

Indian generic formulation-makers level of capex declining: Candle Partners

Candle Partners study shows that from the peak of 30% of gross block in FY16, the capex is down to 9-10% of gross block

Samsung's Q3 earnings outlook grim amid poor global chip demand

The third-quarter earnings outlooks for Samsung Electronics and SK hynix, the world's top two leading chip manufacturers, remain largely grim due to a recent fall in global demand for memory chips

India's camera market to touch Rs 5,000 crore by 2025-26: Nikon India

The company said that the major drivers of growth during the current financial year are from professionals, content creators and also from the hobbies segment

Walkaroo to set up manufacturing unit in Rajasthan to tap northern market

Walkaroo International Ltd is setting up a new greenfield manufacturing facility in Rajasthan at an investment of Rs 70 crore as it plans to strengthen presence in the northern market

AIIMS director orders submitting e-files except for confidential ones

Newly appointed director of the All India Institute of Medical Sciences here M Srinivas has issued an order that files should be submitted in electronic mode, except for the confidential ones

12th DefExpo set to be first-ever edition exclusively for Indian companies

The upcoming 'DefExpo 2022', slated to be held in Gujarat's Gandhinagar, is set to be the first-ever edition exclusively for Indian companies, the Ministry of Defence said on Saturday

Oil India sees 'healthy' profit in September qtr despite windfall tax

Oil India Ltd is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said