Page 1892 - Company News

After slow start to 2022, Surat textile industry looks for festive cheer

However, orders have been lower 30% compared with normal between mid-July and early August

DLF stock sees muted reaction from analysts post in-line Q1 results

Analysts have 'neutral' to 'buy' ratings with target price between Rs 385 and Rs 450 as they believe results and guidance already priced-in

Competition (Amendment) Bill: How it is looking to change CCI's functioning

Bill proposes to let individual members of the 6-member board to decide on matters for faster disposal of cases

Cement firms to see lowest operating margins in seven years: ICRA

In FY23, the volume for the cement industry is expected to grow by 7-8 per cent to around 388 million metric tonne

Arvind Ltd posts Rs 101.62 cr profit for April-June; net sales up 64%

Shares of Arvind Ltd were trading at Rs 100 on BSE, up 8.28 per cent from the previous close

The future of television: Trends that can futureproof broadcasting

Pay TV continues to hold on. But, as television gets a resurrection online, the future is digital

Carborundum Universal's net profit rises 10% to Rs 85.99 crore in Q1

The capital expenditure incurred during the quarter was Rs 56 crore at the consolidated level

CARE Hospitals buy majority stake in United CIIGMA for around Rs 400 cr

The investment will allow CARE to have a presence in three Maharashtra cities. CARE's network spans 17 healthcare facilities in eight cities and six states of the country.

IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report

Companies looking for candidates with digital skills and engineering graduates from smaller cities

Ronnie Screwvala-led upGrad taps Bharat to help learners get govt jobs

upGrad is planning to expand its operations in rural India with various programmes including upskilling the talent present there for job opportunities in the private sector

Air India's load factor improves to 80% under Tata group management

It has risen to 80% in February-June period, compared with 60%; but market share is lower than in January

Avenue Supermarts to Bata India: Retailers are now hiring, but on contract

According to a TeamLease report for the quarter, the intent to hire in retail is higher in the June-September quarter than the April-June period

Reliance Jio to pay Rs 70 crore to Tata Comm in two weeks: Supreme Court

The order asked Reliance Jio to pay Rs 147 crore to Tata Telecom as cable landing station usage charges

Jindal Power exits race to buy JBF Petro; RIL, others in contention

L N Mittal-backed HPCL-Mittal Energy and govt-owned companies remain in contention for the bankrupt firm

Zomato's loss eases to Rs 186 cr in Q1; revenue up 67% to Rs 1,413 cr

Revenue for the June 2022 quarter came in at Rs 1,413.9 crore, up 67.45 per cent YoY and 16.7 per cent quarter-on-quarter (QoQ)

ITC sees broad-based growth, net profit rises 34% to Rs 4,389 crore

The performance of ITC in the June quarter reflected normalisation of business activity across segments

Auto sales show positive trends in July as global chip headwinds ease

Hyundai reported sales of 50,500 units in the domestic market (up 5.1 per cent YoY), against 48,042 units a year ago

Anand Burman takes charge as non-executive chairman of Eveready Industries

In Eveready, the current holding of the Burman Group stands at 38.3%

Tiger Global and SoftBank trim investments in India by over a third in 2022

Start-ups feeling the heat, but funds like PremjiInvest increasing exposure

Zomato's growing appetite: Moves to multiple-CEO structure for biz

The restructuring is happening after the shareholder approved the Blinkit acquisition