Page 1909 - Company News

Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round

Startup says it will use the financing to expand product suite and improve customer experience

Ola Electric suspends production at Tamil Nadu plant citing maintenance

Ola Electric has suspended its production of electric scooters at Tamil Nadu's Krishnagiri plant for almost a week, a news report said

Glenmark Pharma arm gets final USFDA nod for birth control capsules

Glenmark Pharmaceuticals said it has received final approval from the US FDA for its generic Norethindrone Acetate and Ethinyl Estradiol Capsules and Ferrous Fumarate birth control capsules

Ola to let go of 1,000 employees; hiring aggressively for EV biz: Report

As Ola ramps up its hiring for the electric mobility biz, the urban mobility firm is in the process of firing nearly 1,000 employees, a report said

What does govt package mean for BSNL?

Amid the ongoing auctioning of the fifth-gen airwaves, the govt has announced Rs 1.64 trillion package for BSNL. Here's a breakdown of the package and how it offers a new lease of life to the company

RITES PAT rises 86% to Rs 145 crore in Q1FY23; operating revenue up by 70%

EBITDA and profit after tax stood at Rs 179 crore and Rs 145 crore against Rs 97 crore and Rs 78 crore

Volume recovery, margins key to Jaguar Land Rover taking the wheel

Subsidiary of TaMo's India biz continues to expand on volumes, market share

Bajaj Finserv Q1 net jumps 57% to Rs 1,309 cr; total income rises 14%

Bajaj Finserv on Thursday reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June 30, on healthy earnings by its subsidiary companies.

SBI Card net profit more than doubles to Rs 627 crore in June quarter

SBI card shares of the lender were trading 4.2 per cent higher than the previous day's close at Rs 926.1

ReNew to invest $8 billion to set up green hydrogen plant in Egypt

ReNew joins several Indian companies tapping the prospects in green hydrogen, which is considered crucial to decarbonise hard-to-abate heavy industries

Outlook positive for CG Consumer despite home appliance firm's Q1 miss

Market share gains in key categories and entry into premium kitchen appliances are positives

Religare Finvest fund reroute: Sebi slaps Rs 60-cr fine on Singh brothers

The case relates to alleged siphoning of Rs 2,315 crore from RFL to benefit promoters and connected entities

Srei Equipment Fin auditor reports Rs 2K-cr fraudulent deals in FY18-21

The time of occurrence of all these fraudulent transactions is during 2017-18 to 2020-21

Hudco board approve to raise up to Rs 22,000 crore through bonds

The board of Housing & Urban Development Corporation Ltd (HUDCO) in its meeting held on Wednesday gave approval to this effect, the company said in a regulatory filing.

Shell smashes record again with $11.5-bn Q2 profit, announces $6-bn buyback

Refining margins triple in second quarter; strong gas and power trading lift profits

Ola Electric to locally make battery cells under Centre's PLI scheme

Ola Electric is investing about $500 million for setting up its battery innovation centre (BIC) in Bengaluru

Mylab, firm that makes kits to detect Covid, starts pathology test facility

"We are now getting to 'wet' pathology tests like blood tests etc and we have set up a centre which will have minimal human intervention and maximum automation

SpiceJet says airplane aborted Mumbai takeoff due to caution alert

A SpiceJet Q400 aircraft scheduled to fly from Mumbai to Kandla aborted take off 'owing to illumination of a caution alert', the airline said in a statement

Strong India growth boosts DRL Q1 profit by 108% to Rs 1,188 crore

The DRL stock was down marginally (0.73 per cent) to Rs 4,254 on the BSE on Thursday

Jubilant FoodWorks' Q1 net profit rises 63% to Rs 113 cr; revenue up 41%

Jubilant FoodWorks, operator of Domino's Pizza and Dunkin' Donuts, on Thursday reported a 63.01 per cent increase in its consolidated net profit at Rs 112.58 crore in the April-June quarter.