Page 1914 - Company News
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.
 "Apple sees new doubling of revenues in India in Q2 led by iPhone 13: CEO")
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
 "Ola likely to lay off nearly 1,000 employees to ramp up EV plans: Reports")
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
 "Blue collar workers up demands as firms prep for festive season: Report")
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
 "Swiggy announces permanent work-from-anywhere policy for most roles")
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
 "Reliance, Ola Electric, Rajesh Exports agree to build batteries in India")
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
 "Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round")
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
 "Ola Electric suspends production at Tamil Nadu plant citing maintenance")
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
 "Glenmark Pharma arm gets final USFDA nod for 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
 "What does govt package mean for BSNL?")
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
 "RITES PAT rises 86% to Rs 145 crore in Q1FY23; operating revenue up by 70%")
Volume recovery, margins key to Jaguar Land Rover taking the wheel
Subsidiary of TaMo's India biz continues to expand on volumes, market share
 "Volume recovery, margins key to Jaguar Land Rover taking the wheel")
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.
 "Bajaj Finserv Q1 net jumps 57% to Rs 1,309 cr; total income rises 14%")
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
 "SBI Card net profit more than doubles to Rs 627 crore in June quarter")
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
 "ReNew to invest $8 billion to set up green hydrogen plant in Egypt")
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
 "Outlook positive for CG Consumer despite home appliance firm's Q1 miss")
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
 "Religare Finvest fund reroute: Sebi slaps Rs 60-cr fine on Singh brothers")
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
 "Srei Equipment Fin auditor reports Rs 2K-cr fraudulent deals in FY18-21")
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.
 "Hudco board approve to raise up to Rs 22,000 crore through bonds")
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
 "Shell smashes record again with $11.5-bn Q2 profit, announces $6-bn buyback")