Page 1863 - Company News

Adani maintains lead over Mukesh Ambani in market cap at Rs 19.44 trn

On Monday, Adani Group firms had a combined m-cap of Rs 19.44 trillion against Ambani's combined figure of Rs 17.89 trillion. The Tata Group tops the charts with an m-cap of Rs 21.73 trillion as on Mo

Infosys cuts average variable payout to 70% for Q1 on margin pressure

Infosys reported its operating margin in Q1FY23 at 20.1% down from 21-23%. The overall expenses had surged more than 29 per cent due to higher retention costs and cross-currency headwinds.

In-app purchase controversy: CCI to hear charges against Google this week

The three-member CCI panel, headed by Chairman Ashok Kumar Gupta, is likely to hear the matter daily later this week and is expected to pass the final order by September

Dolo 650 maker says drug part of Covid treatment, denies 'freebie' charges

In paracetamol market, Dolo's share rose to 24% from 15% pre-Covid-19

PharmEasy listing pull-out a sign of start-up fatigue: Market experts

Shares of new-age companies have dropped more than 60% amid liquidity squeeze.

Credit Suisse names Dixit Joshi chief financial officer, replaces Mathers

Joshi will take over on October 1

Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important

Auto component sector sees record turnover of Rs 4.2 trn in FY22: ACMA

The auto component industry in India exported components worth Rs 1.41 trillion in 2021-22, it said, adding that auto parts worth Rs 1.36 trillion were imported in 2021-22

Tata Trusts to earn Rs 267 cr as dividend income from Tata Sons in FY22

Tata Sons, the unlisted holding company of Tata Group of companies, has announced a dividend of Rs 10,000 per share at the rate of 1,000 per cent

At $29 bn, Indian fintech sector now has 14% global funding share: Report

India's CAGR in the fintech sector grew by 20 per cent, which was higher than that of the US, the UK, and China which witnessed a growth of 16 per cent, 15 per cent, and 10 per cent, respectively

Before his death, Jhunjhunwala & family became Akasa's biggest shareholders

Three trusts named after his twin sons and daughter now hold 27% stake in firm; combined family holding at 46%

Infosys reduces avg variable pay to 70% for Q1 amid margin squeeze: Report

Last month, Infosys reported a lower-than-estimated 3.2% rise in June quarter net profit amid escalating cost

Exports of India's lab-made diamonds may hit $8 bn amid rising US demand

Exports of polished lab-grown diamonds may double in the current financial year started April 1 from $1.3 bn in the prior year, says GJEPC vice chairman

upGrad launches new upskilling programme; aims to enable 75,000 jobs

Bucking the slowdown trend within the edtech sector, upGrad said it has remained bullish with its program completion rate of 80 per cent

US biz growth in FY23 expected to be flat or low single-digit: Glenmark

The company's North America business, including the US, recorded a revenue of Rs 662.8 crore in April-June 2022 as compared to Rs 787.8 crore in the year-ago period, down 15.9 per cent.

Private sector capex likely to lift off this fiscal, says RBI study

Loan sanctions at Rs 1.4 trn vs all-time high of Rs 4 trn in FY11

Top headlines: Dreamfolks IPO on Aug 24; China to offer loans to developers

Business Standard brings you top news of the day

Financial creditors to Future Retail place claims worth Rs 21,000 cr

60% of such claims are from state-owned banks and other creditors, shows data on company's website

Credit Suisse dispute: How SpiceJet came close to getting wound up

SpiceJet has reached an out of court settlement with Swiss bank Credit Suisse over payment of dues

India's Brahmaputra Infrastructure soars 11% after $22.2 million order win

BENGALURU (Reuters) - Shares of Indian construction and engineering company Brahmaputra Infrastructure Ltd, jumped 11.31%, after the company said it received an order worth 1.77 billion rupees