Page 1871 - Company News

Air India, Air India Express to get new jets ahead of holiday season

Tata Group is planning to get six Boeing 777-2000 aircraft and 25 Airbus A320 Neo aircraft on lease by the first quarter of 2023 to expand the capacity of Air India and Air India Express

McLaren to enter Indian market later this year, partners Infinity Cars

India is largely a low-cost and price-sensitive car market in which luxury models account for just over 1% of total annual sales of about 3 million

Demand growth stays buoyant for Cummins India; profitability under pressure

Cummins India's stock has gained 27 per cent since its lows in June, helped by a strong first quarter, expectation of improved demand and margin recovery.

India sees sharp decline in IT sector's ability to fund trade deficit

A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit

HDFC Bank plans Rs 2,500-crore tier-1 bond sale amid firm credit offtake

HDFC Bank's Tier-1 bonds could be priced around 7.9-7.95 per cent, sources said

Zomato discontinues premium membership, aims to craft a new programme

The development comes at a time when Zomato acquired quick commerce company Blinkit on June 29 for Rs 4,447 crore in an all-stock deal

Q1 may be a blip for Apollo Hospitals; analysts see 25% upside

Analysts positive on the healthcare major with target prices ranging between Rs 5,000 - Rs 5,250

Adani-owned Mangaluru Airport seeks hike in user development fee

It has also requested permission to levy the fee on both arriving and departing passengers

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