Page 1922 - Company News

Jio explores 5G use cases, undertakes trial runs of over 25 applications

Jio also conducted trials on network slicing on 5G, which would help offer enterprises a secure and customised network

NCLT admits Bank of India's insolvency petition against Future Retail

IRP appointed; corporate insolvency resolution process to start against the retailer

Syngene International Q1 PAT slips 4% to Rs 74 cr; revenue rises 8%

Contract manufacturing services firm Syngene International on Wednesday reported a 4 per cent decline in profit after tax to Rs 74 crore for the first quarter ended June 2022.

Railways placed purchase order of 39K wheels with Chinese manufacturer

A purchase order for 39,000 wheels for LHB coaches has been placed by Indian Railways with Chinese manufacturer Taiyuan.

SBI receives board's approval to raise up to Rs 11,000 crore

State Bank of India (SBI) on Wednesday received the board's approval to raise up to Rs 11,000 crore through issuance of bonds.

Boeing, Airbus secure Farnborough orders as sector stabilises

By Tim Hepher and David Shepardson

Maruti Suzuki India eyes leadership position in SUV segment, says MD

Maruti Suzuki India is eyeing a leadership position in the SUV segment as it continues to add new products across various sub segments, a top company official said on Wednesday.

'Gig hiring picks up ahead of festive season, led by e-commerce firms'

Ahead of the festive season, the demand for contract workers has witnessed a 66 per cent sequential growth during June mainly led by e-commerce companies, according to a report.

Wipro sees higher IT services revenue growth on strong deals pipeline: CFO

By Sethuraman N R and Nandan Mandayam

Sequoia Capital bullish on India, has stake in 39 startups: Report

Venture Capital firm Sequoia is bullish on India and has invested in several startups that are expected to become unicorns in the coming years, a report said.

Century Plyboards Q1 profit rises 3-fold to 92.62 cr; revenue up 94.3%

Century Plyboards (India) Ltd on Wednesday reported a nearly three-fold rise in its consolidated net profit to 92.62 crore for the first quarter ended on June 2022.

Havells Q1 net profit rises 3% to Rs 243 crore; revenue jumps 63%

Havells India Ltd on Wednesday reported an increase of 3.13 per cent in consolidated net profit to Rs 243.16 crore for the June quarter as margins were impacted due to commodity cost fluctuation.

NTPC signs pact with Moroccan Agency for cooperation in Sustainable Energy

State-owned power giant NTPC has inked a pact with Moroccan Agency for Sustainable Energy (MASEN) for cooperation in renewable energy.

Facebook shifts focus from news to creator economy amid TikTok threat

Threatened by the surge in TikTok user base, Meta is changing its focus from news to building a creator economy and has reportedly reallocated resources from Facebook News

Govt has a $10-bn plan to decarbonise public transport and curb emissions

Convergence Energy Services Ltd is planning a $10-bn tender for 50,000 electric buses that will help India meet its goals for net zero emissions

Netflix adds 1.1 mn paid subscribers in Asia-Pacific in second quarter

Streaming giant Netflix added 1.1 million (11 lakh) paid subscribes in the Asia-Pacific region in the second quarter (Q2) this year.

Tata Communications net profit jumps 84% to Rs 544 cr in June quarter

Tata Communications on Wednesday posted an increase of 83.63 per cent in consolidated profit to Rs 543.76 crore in the June quarter.

US: Apple Watch detects deadly tumour, saves user's life in Maine

Tech giant Apple's smartwatch has possibly saved another life as a new report says that Apple Watch detected a rare tumor, which could have potentially been fatal to the user in the US.

RIL's shares climb over 2%, ONGC jumps 4% after windfall tax cut

Shares of firms related to oil exploration and refineries were in heavy demand on Wednesday, with Reliance Industries and ONGC rallying after the government slashed windfall tax

JSW Steel undertakes initiatives to reduce carbon footprint: Chairman

JSW Steel is undertaking various initiatives to reduce carbon footprint in line with India's net zero ambitions, its Chairman Sajjan Jindal said on Wednesday.