Page 1886 - Company News

Vistara takes Dreamliner aircraft on lease to boost international ops

Vistara said it has taken a Boeing 787-9 Dreamliner aircraft on lease, which will help the airline increase its number of flights to Frankfurt and Paris

Twitter failed to disclose litigation against Indian govt, says Elon Musk

Tesla CEO Elon Musk said that the social media giant jeopardized its third largest market by failing to disclose "risky" litigation against the Indian government

DLF mulls auction bid for Delhi mall with base price of $366 mn: Report

India's biggest real estate developer DLF is evaluating a bid for a prominent New Delhi shopping mall which has a starting auction price of $366 million

India Inc's capex costs to shoot up as RBI hikes repo rate by 50 bps

The biggest losers would be the rate-sensitive real estate and two-wheeler sectors, which may see demand coming down

GAIL stock slips on worries of gas supply disruptions despite strong Q1

Analysts remain positive with valuations ranging from Rs 176 to Rs 197

Why Zomato's pre-public offer investors are rushing to the exit door

Though stock has crashed 65% from peak, most pre-IPO investors are in-the-money even at beaten-down valuations

IBS Software to develop a passenger service system for Jet Airways

This will comprise booking engine, inventory and revenue management, departure control and loyalty management systems

India's Pine Labs eyes $4-5 bn in monthly payments from new business

India's Pine Labs is targeting $4 billion to $5 billion in monthly transactions within two years for its new online payments business.

SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with MFs

SoftBank, through SoftBank Vision Fund, has invested USD 15 billion in India of which around USD 11 billion has been invested in the last five years

Titan revenue up 199% to Rs 8,975 cr on the back of strong festive demand

Excluding the sale of bullion, the company's revenue stood at Rs 8,649 crore, a growth of 199 per cent, compared to Rs 2,890 crore in Q1FY22

Q1 results: M&M's consolidated net profit jumps more than 5 times

Mahindra said it received more than 100,000 orders within 30 minutes of opening books for its Scorpio-N SUV, worth around Rs 18,000 crore in sales value

Hindustan Unilever eyes Rs 100-crore run rate for its D2C brands

The comapny has invested not more than a few (Rs)100 crore in its nano factories without giving the exact investment figure

How Holcim units, other cement firms fixed prices: Antitrust probe

Cement production is a lucrative business in India's booming economy, with high demand especially from rural housing and infrastructure firms

Nykaa to acquire LBB to sharpen its position as a discovery-led retailer

"The transaction will enable the company to strengthen its content delivery, drive discovery for brands and make shopping experience more engaging for the customers," Nykaa said in a regulatory filing

Ericsson, Nokia scale up operations as firms gear up for 5G launch

Ericsson will make 5G radios and microwave equipment at Pune plant; Nokia has been enhancing staff skill sets over past 3-4 our years

HDFC Ltd secures $1.1 bn syndicated social loan for affordable housing

This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a HFC or private NBFC in India

Builders see short-term impact on sales on likely hike in home loan rate

The RBI's decision to raise the benchmark lending rate by 50 basis points to 5.40 per cent will make home loans costlier, and thus reducing affordability of prospective homebuyers, they added.

REC okays subscribing 50% equity in asset management firm PFC Projects

State-owned REC Ltd board has approved a proposal for subscribing 50 per cent equity not exceeding Rs 50 crore in PFC Projects, a power asset management company for taking over stressed assets.

Unity Small Finance Bank appoints Inderjit Camotra as MD and CEO

Unity Small Finance Bank is a new age, digital first bank which was recently elevated to a 'Scheduled Bank' and was included in the Second Schedule of the RBI Act.

Need to boost manufacturing to create jobs, says Anand Mahindra

"Only 40 per cent of the labour force that is capable of working is actually working or looking for work. The biggest sufferers are youth and women," said Mahindra.