Page 1899 - Company News

M&M shares jump over 6% after July sales data; hit 52-week high

Shares of Mahindra & Mahindra Ltd on Monday jumped over 6 per cent after the company reported a 33 per cent increase in domestic passenger vehicles sales in July this year.

With fleet expansion on mind, Air India to let pilots fly till they are 65

'To meet our requirement, it is proposed to retain our current trained pilots at Air India post-retirement on a contractual basis for five years extendable to 65 year,' says the airline

Top headlines: Govt nets Rs 1.5 trn at 5G auction; monkeypox death in India

The National Institute of Virology in Pune on Monday confirmed the death of a 22-year-old man from Punnayur in Thrissur district of Kerala as the first case of monkeypox death in India.

Air India CMD asks its operations control centre to cut flight delays

Air India's newly appointed CMD Campbell Wilson has asked the airline's integrated operations control centre (IOCC), which is the "nerve centre" of any carrier, to report directly to him

Alibaba striving to maintain US listing amid SEC's delisting fears

Chinese e-commerce firm Alibaba said on Monday that it wants to keep its shares listed in both New York and Hong Kong, days after US regulators included it in a list of companies that may be delisted

Tata Motors' shares climb nearly 7% post 51% jump in July sales

Shares of Tata Motors on Monday jumped nearly 7 per cent after the firm reported a 51.12 per cent increase in total sales last month.

TVS Motor sales rise 13% in July to 314,639 units

TVS Motor Company on Monday reported a 13 per cent increase in total sales at 3,14,639 units in July.

Apollo Tyres prepares to meet demand from electric vehicles segment

Apollo Tyres expects electric vehicles' adoption to pick up pace over the next few years and is gearing up to cater to demand both in passenger vehicle and two-wheeler segments.

Lifestyle & grocery retailers reverse FY21 trend, hire over 180,000 people

The total number of employees in eight of the top retailers in India went up 57 per cent to 4,90,000 in FY22, with Reliance Retail hiring the most number of people at 1,61,000

Eveready Industries reports 27.5% fall in Q1 net profit at Rs 22 cr

Battery and flashlights maker Eveready Industries India Ltd on Monday reported a decline of 27.48 per cent in its consolidated net profit at Rs 21.85 crore for the quarter ended June 30, 2022.

Bajaj Consumer Care reports 30.7% dip in Q1 net profit to Rs 33.9 cr

FMCG firm Bajaj Consumer Care Ltd on Monday reported a decline of 30.69 per cent in its consolidated net profit at Rs 33.89 crore for the first quarter ended June 30, 2022.

Piramal Group charts growth path for financial services business

'We are on track to achieve retail loan disbursements of Rs 2,500 cr-3,500 cr in Q3FY23,' which is 5-7 times of pre-merger levels, says Piramal Group chairman Ajay Piramal

5G spectrum sale: Govt nets over Rs 1.5 trn; Jio top bidder

The mop-up from the 5G spectrum is almost double at Rs 77,815 cr worth 4G airwaves sold last year and triple of Rs 50,968 cr garnered from a 3G auction in 2010

Varun Beverages posts two-fold jump in June quarter, PAT at Rs 802 cr

Varun Beverages, PepsiCo's largest franchise bottler, on Monday reported a two-fold rise in consolidated profit after tax at Rs 802.01 crore for June quarter on growth in revenue from operations.

Rosneft begins production drill at Vostok Oil project's Payakhskoye field

Rosneft has started production drilling at the Payakhskoye field on the Taimyr Peninsula. The Russian energy company plans to drill about 80 wells there by the end of this year

Flight operations, load factor remain absolutely normal, says SpiceJet

Aircraft occupancy of SpiceJet on July 30 and 31 was 81% and 82.4% respectively. The airline said that all its flights have departed on time, as per schedule and there have been no cancellations.

Infosys Finacle inducted in IFSCA regulatory plan for blockchain finance

Six leading banks are collaborating with trade finance solution for short-term credit, import payments

Godrej Properties buys land parcel in Mumbai for its luxury housing project

Real estate firm Godrej Properties on Monday said it has acquired 0.5 acres of land in Mumbai to develop a luxury housing project with an estimated sales value of Rs 1,200 crore.

Over 32K tech workers fired in US, more than 11K in India till July

More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly Facebook)

5G spectrum auction Day 7: Jio, Airtel continue intense bidding for UP East

India's first-ever auction for 5G spectrum entered the seventh day on Monday with players including Jio and Airtel being locked in an intense bidding for the UP East circle