Page 1917 - Company News

India's top companies flag slowdown concerns as global recession looms

Chairman of the top two consumer goods companies, namely ITC and HUL, were blunt in their assessment of the market

Confluent's Neha Narkhede enters Hurun's ten richest Indian women list

Confluent head India's wealthiest new entrant in Hurun rankings, Roshni Nadar Malhotra tops second year in a row

TCS to digitise HR operations for Marks & Spencer in multi-year deal

TCS, as a strategic partner for more than a decade, migrated 27 million records of M&S employees working across 1,450 locations in the UK

Tata Steel signs MoU with start-up for drone-based mining solutions

Tata Steel will also work jointly with AUS to provide exclusive drone-based solutions, including mine analytics and geo-technical mapping, to Tata Steel group companies

Hindustan Aeronautics signs $100-mn deal with Honeywell for trainer engines

The IAF, which currently imparts basic training to army and navy pilots in addition to its own, calculates that it needs 181 basic trainer aircraft

Cabinet approves BPCL unit's $1.6-bn investment plan in Brazil

The CCEA, chaired by PM Modi, has approved additional investment by Bharat PetroResources Ltd, a wholly-owned subsidiary of BPCL, for the development of the BM-SEAL-11 Concession Project in Brazil

5G spectrum auction: Why the 700-MHz band is on telcos' bandwidth

It is 5x more efficient, compared to the 1800 MHz for rural area coverage, and twice as efficient as 900 MHz

Union Cabinet approves BSNL revival plan worth Rs 1.64 trillion

BSNL has been saddled with steep losses (over Rs 50,000 crore in the past five years) and obsolete technology, resulting in a decline in revenues and customers

Institutional investors pushing back more on top executive pay hikes

Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts

IT companies' margins decline to decade-low of 23.2% in June quarter

Wipro, Tech Mahindra see double-digit decline in net profit

DGCA orders SpiceJet to operate only half of its flights for 8 weeks

DGCA issues diktat after a series of incidents cause safety concern

Isro earns $279 million in foreign exchange through satellite launches

ISRO in association with its commercial arms has successfully launched 345 foreign satellites from 34 countries on-board Polar Satellite Launch Vehicle (PSLV)

Rs 1.64-trn revival package for BSNL comes too late in the day: Analysts

The government should have merged BSNL and MTNL, and then looked at such a move, says an analyst

5 PSUs to set up manufacturing units to increase coal gasification capacity

Coal ministry proposes PLI for ammonium nitrate to raise volumes and price competitiveness

Ford India sets Aug 10 deadline for employees to conclude severance talks

Ford India had increased its offer from 87 days to 124 days of average equivalent wages per completed years of service

Coca-Cola India, bottling partners investing $1 bn to expand capacity

Coca-Cola India and its bottling partners are investing around USD 1 billion (around Rs 7,990 crore) to expand the production capacity by up to 40 per cent, an official of the beverage major said

Twitter sets date for shareholders' vote on Musk's $44 bn takeover offer

Despite Twitter's ongoing legal battle with Elon Musk, the microblogging site has set a date for its shareholders to vote to approve its USD 44 billion takeover offer by Tesla CEO

Titagarh Wagons to invest Rs 1,000 cr in 3-5 yrs for capacity building

Titagarh Wagons is looking to invest close to Rs 1,000 crore over the next three to five years for capacity building in the manufacturing of wagons, coaches and foundry

United Breweries' Q1 net profit rises to Rs 162.5 cr on volume growth

Beer maker United Breweries Ltd on Wednesday reported a five-fold jump in its consolidated net profit to Rs 162.50 crore in the June quarter, mainly on the back of volume growth.

Mahindra Lifespaces' chairman Arun Nanda retires, successor named

Nanda joined the Mahindra Group in 1973 and has held several important positions within the group over the years