Page 1825 - Company News

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

NLEM 2022: Analysts see no major impact pharma companies' growth

The 2022 revision of the NLEM came after seven years. Most drugs that have been now brought into the NLEM include anti-infectives, anti-diabetics, anesthetics, etc

Despite 8% sales growth, Amazon Retail India saw Rs 794-crore loss in FY22

The numbers come amid preparations for Amazon's month-long flagship sale event The Great Indian Festival (TGIF), which starts on September 23

Finance Minister Sitharaman nudges India Inc to clear unpaid dues of MSMEs

Nirmala Sitharaman said it is encouraging that larger companies are including amounts owed to MSMEs in annual statements

E-commerce majors Amazon, Flipkart to begin festive season sale from Sep 23

E-commerce majors Amazon and Flipkart will launch their festive season sales from September 23

Consumption trends signal strong FY23 for mall operator Phoenix Mills

Company's recovery and expansion after impact of Covid-19 expected to improve rentals and occupancies

Future Lifestyle faces 3 insolvency petitions, NCLT reserves order in one

Debt-ridden Future Lifestyle Fashions Ltd (FLFL) is facing 3 petitions before the NCLT from its creditors to initiate insolvency proceedings and one of them has been reserved for orders

Abrdn sells 2% stake in HDFC Life at Rs 574 a share, mops up Rs 2,469 cr

Societe General bought shares worth Rs 469 cr, Integrated Core Strategies bought shares worth Rs 287 cr and Norges Bank bought shares worth Rs 234 cr

IT Ministry, Meta to fund 40 start-ups working in extended reality tech

The programme will give Rs 20 lakh each to the start-ups and it will include a challenge aimed at promoting XR

Size of Indian dairy market to jump over 2-fold to Rs 30 trn by 2027: NDDB

The size of the Indian dairy market is estimated to jump over two fold to Rs 30 trn by 2027, driven by growth in both volume and value terms, NDDB Chairman Meenesh Shah said on Tuesday

CCI rejects complaint against proposed merger of multiplex chains PVR, INOX

The Competition Commission of India (CCI) on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure

India will be key hub to further accelerate digital initiatives: Siemens

With the launch of the platform, the company is confident that as partners, it can scale up the innovation and digital transformation journey for customers in India, he stated

Brightcom calls off Rs 566-cr deal to acquire MediaMint; to go for alliance

The companies determined this plan would help them pursue independent growth paths with possible collaborations, it explained

Japanese retailer Uniqlo posts profit within 3 yrs of operations in India

Japanese apparel retailer Uniqlo's Indian unit has turned profitable within three years of its operations

Shopping mall sales in top-8 cities to hit $39 bn by FY28: Knight Frank

The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand

HCL Tech lays off over 300 globally working on Microsoft projects

Company silent on layoff details, but sources say those asked to go are from India, Philippines and Guatemala

Adani Transmission integrates arm for power transmission, distribution biz

The company is adding 10,000 new credit customers per day with a reach across 25,000 pincodes in the country, it said in a release

Dealers and automakers have a tumultuous relationship, says FADA President

Says manufacturers' financial clout has led to inequitable contracts between the two

Tata Sons to invest Rs 975 crore in Pune IT City Metro rail project

The Rs 7,420-crore, 23-km project is being financed through debt-to-equity of 1.8 times and the entire debt has been tied up, and the envisaged equity commitment is supported by Tata Sons

HDFC Life Insurance stock settles 1% higher on Abrdn stake sale news

At the lower end of the offer price range, Abrdn will be booking an income of Rs 2,425.6 crore or USD 305 million