Page 1822 - Company News
Three entities offload over 4 mn PVR shares worth Rs 759.14 crore
Three different entities have offloaded 40.45 lakh shares of multiplex operator PVR on Thursday that are worth Rs 759.14 crore through open market transactions
 "Three entities offload over 4 mn PVR shares worth Rs 759.14 crore")
Domestic air passenger traffic rose 5% to 10.2 mn in August: ICRA
It also said that a quick recovery in domestic passenger traffic is expected in FY2023, aided by normalcy in operations and waning pandemic
 "Domestic air passenger traffic rose 5% to 10.2 mn in August: ICRA")
Tata Power assures quality power to industries, to invest Rs 5k cr in capex
Banga said Tata Power Odisha Discoms was confident to bring down the overall AT&C loss level in the range of 10-12 per cent in the coming years
 "Tata Power assures quality power to industries, to invest Rs 5k cr in capex")
Tata Motors expects 20% of domestic PV sales to come from EVs in 3 years
Tata Motors expects 20 per of its total passenger vehicle sales in the domestic market to come from electric vehicles in the next three years, a senior company official said on Thursday.
 "Tata Motors expects 20% of domestic PV sales to come from EVs in 3 years")
Tatas to invest $90 bn in India in 5 years; focus on new industries
The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money
 "Tatas to invest $90 bn in India in 5 years; focus on new industries")
FMCG firms offer discounts, price cuts as raw materials get cheaper
Food companies are still in wait and watch mode
 "FMCG firms offer discounts, price cuts as raw materials get cheaper")
Ceat spurts ahead on demand recovery and margin expansion hopes
Stock of tyre maker was up 20% on Thursday
 "Ceat spurts ahead on demand recovery and margin expansion hopes")
Paytm partners PhonePe's parent firm Flipkart for Big Billion Days sale
Digital financial services firm One97 Communications, which owns the Paytm brand announced a collaboration with e-commerce firm Flipkart for its annual festive season sale as payments partner
 "Paytm partners PhonePe's parent firm Flipkart for Big Billion Days sale")
We are set to conduct the biggest fashion festive sale: Myntra CEO
Myntra platform is geared to handle 13,000 orders per minute during the online fashion retailer's festive sale event this month
 "We are set to conduct the biggest fashion festive sale: Myntra CEO")
Tata 1mg FY22 revenue up 66% to Rs 222 cr; net loss narrows to Rs 146 cr
Tata group-owned online pharmacy 1mg's revenue from operations rose 65.7 per cent to Rs 222.10 crore in FY22, while its net loss narrowed to Rs 146.30 crore, according to data
 "Tata 1mg FY22 revenue up 66% to Rs 222 cr; net loss narrows to Rs 146 cr")
Intentional about expanding beyond metro cities, says IBM India
'In India, we have had a multi-city approach where we wish to be closer to where our clients are. Software Labs, System Labs and Research Labs are all in different locations'
 "Intentional about expanding beyond metro cities, says IBM India")
Patanjali Group plans to list 4 group firms over the next 5 years
The acquired food business consists of 21 products which include ghee, honey, spices, juices, atta etc. It also raised Rs 4,300 crore through a follow-on public offer
 "Patanjali Group plans to list 4 group firms over the next 5 years")
Speciality Restaurants to expand; plans 20-30 cloud kitchens, 6 restaurants
At present, there are about 13 independent cloud kitchens, but the numbers are set to increase
 "Speciality Restaurants to expand; plans 20-30 cloud kitchens, 6 restaurants")
Adani Ports signs agreement with SPMK to enhance Haldia Dock's capacity
SMPK said in a statement that the project would help increase the cargo handling capacity and also fast evacuation of cargo at Haldia Port
 "Adani Ports signs agreement with SPMK to enhance Haldia Dock's capacity")
India's 2-wheeler sales may cross 2-mn mark within 5 years: HMSI CEO
HMSI's sales increased from 1.23 million units in April-August period last year to 1.82 million units in the corresponding period this year
 "India's 2-wheeler sales may cross 2-mn mark within 5 years: HMSI CEO")
Reliance Jio adds 2.94 mn subscribers, Bharti Airtel 0.5 mn: Trai
Overall, the country added 0.7 million new telecom subscribers in July, lower than the 2.22 million new subscribers in June
 "Reliance Jio adds 2.94 mn subscribers, Bharti Airtel 0.5 mn: Trai")
New Leaf raises Rs 6.15 cr pre-series A funding from Good Ventures
The firm claims to support around 15,000 farmers currently and aims to reach more than 2 lakh small and marginal farmers over the next 3 years
 "New Leaf raises Rs 6.15 cr pre-series A funding from Good Ventures")
Edtech start-up Leverage Edu plans to double workforce in next 12 months
This comes after Leverage Edu raised $22 million in series B funding in March earlier this year, bringing the firm to a valuation of $120 million
 "Edtech start-up Leverage Edu plans to double workforce in next 12 months")
SIAM elects VECV's Vinod Aggarwal as its new president
Aggarwal, the MD and CEO of Volvo Eicher Commercial Vehicles, succeeds Maruti Suzuki India Executive Vice Chairman Kenichi Ayukawa
 "SIAM elects VECV's Vinod Aggarwal as its new president")
JSW Paints likely to contest CCI's order on Asian Paints in NCLAT
This move by JSW Paints comes after CCI disposed off JSW Paints plea which stated that Asian Paints blocked its entry in the decorative paints segment
 "JSW Paints likely to contest CCI's order on Asian Paints in NCLAT")