Page 1916 - Company News

FMCG companies see strong growth in premium items: Kantar report

The report also said that small packs helped premium segments grow because aspirational buyers were willing to explore and try new brands

Tata Neu CTO quits four months after launch to join 'global role'

According to company officials, its been 10-days since Sauvik Banerjjee has moved out of his role

Parle Products remains most chosen FMCG brand for 10 years in a row: Report

The number of brands growing in terms of CRP improved in 2021 (70 per cent), over 2020 (56 per cent)

5G spectrum auction stretches to 4th day; Rs 1.49-trn bids received so far

Telecom Minister Ashwini Vaishnaw on Thursday said 16 rounds of bidding have been completed in three days

Vijay Shekhar Sharma seeks to reset Paytm after firm's IPO fiasco

The digital-payments provider is set to become India's first internet company to hit $1 billion in annual revenue by the end of this fiscal year in March, says Vijay Shekhar Sharma

SBI Life's net profit rises 18% YoY to Rs 263 crore in June quarter

Its VNB margins - a measure of profitability of life insurers - stood at 30.4 per cent, against 23.7 per cent in the year-ago period

Received 'quite a number of bids' for Sterlite Copper unit: Vedanta CEO

Diversified natural resources company Vedanta on Thursday said it has received "quite a number of bids" for its Sterlite Copper unit in Tamil Nadu, and is in the process of evaluating them

PNB HFC Q1 net down 3% YoY, corporate loan pre-payments hit income

Disbursements during reporting quarter almost doubled to Rs 3,451 crore compared to Rs 1,759 crore in Q1FY22

Bajaj Finserv shares jump 10% after June earnings; mcap climbs Rs 21,681 cr

Shares of Bajaj Finserv on Thursday zoomed over 10 per cent after the company reported a 57 per cent jump in net profit in the June quarter.

DHFL scam: F N Souza, Raza's paintings among Rs 12-cr assets seized by CBI

The CBI has recovered paintings of Indian maestros FN Souza and SH Raza worth Rs 5.50 crore during a fresh round of searches related to India's biggest bank fraud involving DHFL, officials said.

M&M Finance posts net profit of Rs 240 cr in Q1; total income rises 14%

Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations.

IL&FS sells 2 firms in energy business for Rs 77.5 cr to reduce debt

IEDCL sold 27.75 per cent of its stake in Urjankur Nidhi Trust, where Maharashtra Energy Development Agency has a 50 per cent stake and Shree Datta Shetkari Sakhar Karkhana Ltd holds 22.25 per cent.

Nestle India to acquire pet foods business of Purina Petcare for Rs 124 cr

FMCG major Nestle on Thursday said it will acquire the pet foods business of Purina Petcare India for Rs 123.5 crore, providing Nestle an access to the fast-growing business in the country

ONGC, partners to splash $ 6.2 billion on green energy projects

ONGC and its partners will invest $ 6.2 billion in green energy projects to produce carbon-free hydrogen and green ammonia as part of an ambitious decarbonization drive, officials said.

At Rs 123 cr, HCL's Vijayakumar is the highest paid CEO in Indian IT sector

HCL Tech, in its annual report, said that it provided a remuneration of Rs 123 crore to its chief executive officer (CEO) C. Vijaykumar last year, making him the highest-paid Indian CEO right now

Samsung logs $8.5 billion profit on server chips; market uncertainties loom

Samsung Electronics on Thursday reported its second-quarter net profit of $8.5 billion, up 15.2 per cent from a year earlier, on the back of robust demand for server chips.

'Cadbury Gems' versus 'James Bond': Delhi HC rules in favour of Cadbury

Justice Prathiba M Singh told an Indian company on Tuesday to pay Rs 16 lakh damages to British chocolate company Cadbury for infringing the Cadbury Gems trademark

Meta will steadily reduce headcount growth over next year: Zuckerberg

As Big Tech companies lay off employees and freeze new hirings, Meta Founder and CEO Mark Zuckerberg has said that the company's plan is to steadily reduce headcount growth over the next year

Child, maternity products marketplace Nestery raises Rs 6 cr in funding

Start-up will use the funds to expand team, improve technology and generate original content

Ikea India increases prices of some products as inflation bites

'We have done some adjustments where it's possible, and we have protected (price points) to be affordable at lower prices'