Page 1921 - Company News
Facebook's growth woes in India: too much nudity, not enough women
Many women have shunned the male-dominated social network because they're worried about their safety and privacy, according to the Meta research
 "Facebook's growth woes in India: too much nudity, not enough women")
Valentino's here! Reliance Brands signs agreement with Italian firm
Maison Valentino will stock womenswear, menswear, footwear, and accessories of the brand
 "Valentino's here! Reliance Brands signs agreement with Italian firm")
Future Ent to quantify receivables from FRL and submit claims before IRP
The National Company Law Tribunal on Wednesday ordered insolvency resolution proceedings against Future Retail
 "Future Ent to quantify receivables from FRL and submit claims before IRP")
Gautam Adani overtakes Bill Gates to become the fourth-richest person
In June, the Adani family committed a donation of Rs 60,000 crore towards charity initiatives in health care, education, and skill development
 "Gautam Adani overtakes Bill Gates to become the fourth-richest person")
Amazon to buy primary care provider One Medical for $3.9 billion
Amazon announced it will acquire the primary care organisation One Medical in a deal valued roughly at USD 3.9 billion, marking another expansion for the retailer into health care services.
 "Amazon to buy primary care provider One Medical for $3.9 billion")
NLC India board approves investment proposals worth Rs 14,945 crore
NLC India Ltd on Thursday said its board has approved investment proposals worth Rs 14,944.91 crore for setting up power and mining projects in Tamil Nadu.
 "NLC India board approves investment proposals worth Rs 14,945 crore")
Biocon receives three US FDA observations on its Telangana plant
Biotechnology major Biocon on Thursday said the US health regulator has issued three observations after inspecting its Telangana-based manufacturing plant.
 "Biocon receives three US FDA observations on its Telangana plant")
ITC shares hit 52-week high in intra-day; rally over 37% so far this year
ITC shares hit its one-year peak on Thursday amid talks about an organisational restructuring at the conglomerate, including demerger of hotels business and listing of its technology venture
 "ITC shares hit 52-week high in intra-day; rally over 37% so far this year")
Emami acquires 30% stake in a pet-care startup Cannis Lupus Services
Leading FMCG company Emami on Thursday announced to acquire a 30 per cent stake in a pet-care startup Cannis Lupus Services India for an undisclosed amount.
 "Emami acquires 30% stake in a pet-care startup Cannis Lupus Services")
Reliance Brands signs distribution agreement with Maison Valentino
RBL will open the first Valentino boutique in Delhi, followed by a flagship store in Mumbai
 "Reliance Brands signs distribution agreement with Maison Valentino")
JSW Energy net profit surges 179% to Rs 560 crore in June quarter
JSW Energy on Thursday said its net profit jumped 179 per cent to Rs 560 crore in the June quarter, mainly on the back of higher revenues.
 "JSW Energy net profit surges 179% to Rs 560 crore in June quarter")
Twitter now lets users share Spaces clips on iOS, Android
Microblogging platform Twitter has announced that now anyone can share Twitter Spaces clips on iOS and Android platforms.
 "Twitter now lets users share Spaces clips on iOS, Android")
 "Citi expects revenue from Indian corporate business to grow 10% a year")
Karti Chidambaram wants govt to probe edtech giant BYJU's finances
Congress MP Karti P. Chidambaram on Thursday said he has written a letter to the Serious Fraud Investigation Office (SFIO) to investigate the finances of edtech major BYJU
 "Karti Chidambaram wants govt to probe edtech giant BYJU's finances")
Hindustan Zinc net profit rises 56% in Q1 to Rs 3,092 cr; revenue jumps 45%
Hindustan Zinc Ltd (HZL) on Thursday reported a 55.9 per cent rise in consolidated net profit at Rs 3,092 in the June quarter, mainly on the back of higher metal prices.
 "Hindustan Zinc net profit rises 56% in Q1 to Rs 3,092 cr; revenue jumps 45%")
PVR reports Rs 53 cr net profit in Q1; revenue zooms multi-fold on low base
Leading multiplex chain operator PVR Ltd on Thursday reported a consolidated net profit of Rs 53.38 crore for the June quarter.
 "PVR reports Rs 53 cr net profit in Q1; revenue zooms multi-fold on low base")
Institutional investments in real estate down 27% at $966 mn in Apr-Jun
Institutional investments in Indian real estate fell 27 per cent during the April-June period to USD 966 million amid global economic and geopolitical headwinds, according to JLL India.
 "Institutional investments in real estate down 27% at $966 mn in Apr-Jun")
China's 'Didi Global' fined $1.2 billion for data violations since 2015
China's internet watchdog on Thursday fined ride-hailing firm Didi Global more than 8 billion yuan ($1.2 billion) following an investigation into the company's cybersecurity practices.
 "China's 'Didi Global' fined $1.2 billion for data violations since 2015")
TATA Projects appoints Vinayak Pai as MD, to succeed Vinayak Deshpande
TATA Projects on Thursday said it has appointed Vinayak Pai as its Managing Director
 "TATA Projects appoints Vinayak Pai as MD, to succeed Vinayak Deshpande")
Adani Group approaches SBI for Rs 14,000 crore loan: Report
The application for the PVC plant comes just days after Adani Group secured a loan worth Rs 6,071 crore for a new copper refinery at Mundra, on June 26
 "Adani Group approaches SBI for Rs 14,000 crore loan: Report")