Page 1908 - Company News

After poor Microsoft Xbox show, Sony expects weaker PlayStation sales ahead

Japanese giant Sony on Friday warned weaker sales of its PlayStation (PS) gaming consoles ahead, along with reducing its annual profit outlook, as it closed the $3.7 billion acquisition of Bungie

I'm optimistic on 5G as penetration is still low: Apple CEO Tim Cook

Apple CEO Tim Cook has said that the 5G penetration is still low around the world, a reason that makes him optimistic about its future.

Domino's new loyalty programme may pull traffic away from Zomato and Swiggy

Customers can buy online or offline, from Domino's own platform or from partner websites like Zomato or Swiggy; but to redeem points or get a free pizza, they will have to use Domino's property

Sun Pharma shares jump over 5% after firm's Q1 net profit rises 43%

Shares of Sun Pharma on Friday jumped over 5 per cent after the company reported a 43 per cent rise in consolidated net profit for the June quarter.

Indian private equity firm Lighthouse in talks to raise $400-mn fund

Lighthouse has raised more than $450 million over the years and has invested in Indian companies that include popular online beauty retailer Nykaa and ethnic apparel and home accessories brand Fabindi

US oil giants Exxon, Chevron post blowout earnings, ramp up buybacks

High prices, margins lift majors to best quarters in history; Exxon earnings surpass previous record set in 2012

Top headlines: HDFC Q1 net rises 22%; IOC posts Rs 1,993-cr net loss in Q1

Swiggy announced on Friday that it has extended its 'Future of Work' policy and announced a permanent work-from-anywhere for majority of roles.

PhonePe reaches settlement with Affle Global to acquire Indus OS

The acquisition was closed after a months-long legal dispute between PhonePe and AGPL and Ventureast Fund on the valuation of IndusOS, which is alternatively called OSLabs.

Exide Industries Q1 PAT reports six-fold rise to Rs 202.44 crore

Battery maker Exide Industries on Friday reported an over five-fold rise in consolidated net profit after tax to Rs 202.44 crore for the first quarter ended June 30, driven by higher revenue.

Meta to no longer fund its news publishers in US, says report

Tech giant Meta has started informing its news partners that the company will stop paying publishers for their content to run on Facebook's News Tab in the US.

Apple now has over 860 mn paid subscriptions across services, says CFO

Tech giant Apple has announced that it now has over 860 million paid subscribers across all of its services, which includes Apple Music, Apple TV+, Apple News, iCloud, and more.

HDFC Life board approves issuance of over 35 mn shares to HDFC for Rs 2k cr

HDFC Life Insurance Company on Friday said its board has approved the issuance of over 3.5 crore equity shares to promoter company HDFC for Rs 2,000 crore on a preferential basis

MRPL net profit zooms to Rs 2,707 cr in Q1 on bumper refining margins

Mangalore Refinery and Petrochemicals Ltd (MRPL) net profit zoomed to Rs 2,707 crore in the first quarter of the current fiscal on the back of record refining margins.

Ashok Leyland posts net profit of Rs 96 cr in Q1; revenue more than doubles

Commercial vehicle major Ashok Leyland Ltd closed the first quarter of FY23 with an after tax profit of Rs 68 crore.

Once mighty Jet Airways to fly only domestic initially as it resumes ops

The airline has told the government it plans to have 40 aircraft by December 2024 and 150 by December 2030

Apple sees new doubling of revenues in India in Q2 led by iPhone 13: CEO

Apple has seen a new doubling of its revenues in India in the April-June period, setting a new all-time record in the country particularly riding on its iPhone 13 series, CEO Tim Cook has announced.

Ola likely to lay off nearly 1,000 employees to ramp up EV plans: Reports

Media reports say that Ola's verticals like mobility, hyperlocal, fintech, and its used car operations have all been included in the process

Blue collar workers up demands as firms prep for festive season: Report

In 2022 an all-time high number of temporary jobs ranging from 5,00,000-5,50,000 is expected to be created during the festive season

Swiggy announces permanent work-from-anywhere policy for most roles

Corporate, central business and tech teams will converge once a quarter at their base locations for a week to promote in-person bonding; it's work from office for partner-facing employees

Reliance, Ola Electric, Rajesh Exports agree to build batteries in India

The companies were among four bidders selected by the government in March to build a total of 50 gigawatt hours (Gwh) of battery storage capacity under a PLI programme