Page 1893 - Company News

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

Sebi to auction properties of Mega Mould, Remac Realty on August 18

Markets regulator Sebi on Monday said it will auction properties of two companies -- Mega Mould India and Remac Realty India -- on August 18 to recover money that was illegally raised from the public.

5G spectrum auction ends; RIL emerges top bidder at Rs 88K crore

Govt gets over Rs 1.5 trn, sells 71% of the spectrum on offer

Nifty EPS estimates for FY23, FY24 see minor cuts; more possible

The consensus earnings estimate for Nifty companies for the ongoing (FY23) and next financial (FY24) have seen minor downward revisions

EV growth, mkt share to forge gains for auto component maker Sona Comstar

Margins could improve given softening commodity prices

Smallcap World Fund buys 554,000 shares of Mastek for Rs 117 crore

Smallcap World Fund Inc on Monday purchased 5.54 lakh shares of IT company Mastek Ltd for Rs 117 crore through an open market transaction.

How CIL is chasing the monsoon to reduce coal supply disruptions

After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations

Well-poised to usher in 5G revolution in India, says Bharti Airtel

Bharti Airtel on Monday said it is well-positioned to usher in the 5G revolution in India after Sunil Mittal-led telco acquired spectrum worth Rs 43,084 crore in the auction.

Fully ready for 5G rollout in shortest period of time: Jio on Rs 88k-cr buy

After buying spectrum worth Rs 88,078 crore in the auctions, Reliance Jio said it is gearing up to roll out an advanced 5G network to make India a global leader in digital connectivity and solutions.

Honda Motorcycle Scooter India's sales rise 15% to 443,643 units in July

Honda Motorcycle Scooter India (HMSI) on Monday said its total vehicle sales were up by 15 per cent at 4,43,643 units in July.

Non-life insurers not keen on paying obligatory cession to GIC Re

The obligatory cession was reduced from 5% to 4% for 2022-23. The impact of the reduction on GIC Re will be Rs 2,000 crore

See industry investing Rs 2 trn-Rs 3 trn in two years: Telecom Minister

Buoyed by record bids in the auction of 5G spectrum, Ashwini Vaishnaw said he expects investments to be infused into both fourth and fifth generation technologies

Zomato plans new management structure, with multiple CEOs: Internal memo

CEO Deepinder Goyal also said in the memo that 'Eternal', the proposed name for the parent organisation, would remain an 'internal name for now'

5G spectrum auction: Jio top bidder with Rs 88,078-cr bid, says govt

Jio acquired 24,740 MHz spectrum, Airtel made a successful bid of Rs 43,084 cr, Vodafone Idea bought spectrum for Rs 18,784 cr, says Telecom Minister Ashwini Vaishnaw