Page 1853 - Company News

After Patanjali, Reliance Retail could be the next big disruptor in FMCG

Other FMCG companies will have to increase their advertising spends in segments Reliance makes a meaningful acquisition in order to stay competitive.

Zee is in talks with CCI to get approval for merger with Sony Entertainment

As per the BARC data for the ongoing financial year (2023), the merged entity has 36 per cent TV viewership market share in the Hindi GEC segment, and 33 per cent in the Hindi movies channels.

Profits elusive for Amazon India despite $6.5 bn investment: Bernstein

Company faces 'immense competitive pressure' and unfavourable regulatory environment, says US research group

Aurobindo Pharma's arm to invest around Rs 300 cr for capacity expansion

Aurobindo Pharma on Thursday said its wholly-owned arm, CuraTeQ Biologics, plans to invest around Rs 300 crore on capacity expansion of biologics manufacturing facilities

SBI slashes India's FY23 growth forecast to 6.8% on way-below Q1 numbers

Though GDP grew in double-digits but still it came way below market expectations and the primary culprit is growth in manufacturing sector, which grew by a measly 4.8% in Q1, says SBI chief economist

Hero MotoCorp total sales jumps 1.92% to 462,608 units in August

Hero MotoCorp on Thursday reported a 1.92 per cent increase in total sales at 4,62,608 units in August 2022.

IndiGo plane enroute to Udaipur suffers engine vibrations; returns to Delhi

An IndiGo aircraft enroute to Udaipur returned to the national capital on Thursday due to "engine vibrations" and the plane has been grounded, according to a senior DGCA official

LIC intends to raise market share in non-participating biz: Chairman

Country's largest insurer LIC intends to raise its market share in non-participating insurance products as well as diversify the channel mix, a top company official said

Profits elude Amazon India despite $6.5 billion investment: Bernstein

Faces 'immense competitive pressure' and 'unfavourable regulatory environment', says US research group

Royal Enfield's total sales jump 53% to 70,112 units in August

Motorcycle maker Royal Enfield on Thursday reported a 53 per cent increase in total sales at 70,112 units in August, 2022.

Windfall tax: Reliance Industries shares fall 3%; ONGC, Vedanta too decline

Shares of Reliance Industries fell nearly 3 per cent Thursday after the govt raised the tax on export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil

Unacademy CMO Karan Shroff quits firm year after being made partner

CEO recently said edtech unicorn may see a funding dry spell for at least 12-18 months and it would cut costs

Olectra Greentech plans to raise Rs 800 crore via issuance of securities

Electric mobility firm Olectra Greentech on Thursday said its board has approved a plan to raise up to Rs 800 crore through issuance of securities

ArcelorMittal, CPPIB among bidders for stake in NTPC Green Energy

NTPC has received 13 bids for divesting up to 5%-10% stake in the NGEL. The EoI for the stake was issued around June

GMDC to study economic viability of rare earth elements processing unit

State-run GMDC on Thursday said it is contemplating to conduct a study to determine the economic viability of setting up a rare earth elements processing unit in Gujarat

SpiceJet stock recovers most of early lost ground; settles over 3% lower

Shares of SpiceJet recovered most of their early lost ground and settled over 3 per cent lower on Thursday

TVS Motor's sales rise 15% to 333,787 units in August, exports slip

TVS Motor Company on Thursday reported a 15 per cent growth in total sales at 3,33,787 units for August 2022

SpiceJet's plane returns midway due to 'autopilot' snag; DGCA to probe

A SpiceJet plane, carrying 89 passengers, that took off for Nashik from the national capital on Thursday returned midway due to an "autopilot" snag and aviation regulator DGCA will probe the incident

Ashok Leyland bags order for supplying 1,400 school buses in UAE

Indian company says deal win by distribution partners 'reaffirms faith' in its buses

Ashok Leyland total vehicle sales jumps 51% to 14,121 units in Aug

Commercial vehicle maker Ashok Leyland's total vehicle sales, including exports, grew 51 per cent on an annual basis to 14,121 units in August, the company said on Thursday