Page 1938 - Company News

Murugappa Group to enter EV business, launch three-wheelers by Sept

Murugappa Group will also manufacture electric tractors this year through subsidiary

Unacademy to cut down expenses, will float IPO in two years: CEO

There will be no business class travel for any employee including top founders and top management and dedicated drivers for top executives will also be removed, says CEO

'Adani Grp's spectrum plans to fuel competition in auctions, enterprise 5G'

'We consider this news negative for incumbent telcos as it increases competition in upcoming auction bidding as well as in the long-term opportunity to target the enterprise space,' says BofA

IndiGo's 75 new Airbus aircraft to be outfitted with Recaro's seats

IndiGo's 75 new Airbus aircraft will be outfitted with "comfortable" seats of German company Recaro from January 2023 onwards to upgrade passenger experience, a statement said on Monday.

Eureka Forbes names ex-Jubilant Food CEO Pratik Pota as MD & CEO for 5 yrs

'Pratik will lead the management team to continue scaling the business, solidifying Eureka Forbes' market leadership position, and delivering innovative products,' says PE firm Advent International

TCS shares fall nearly 5% after Q1 earnings; m-cap declines by Rs 55,471 cr

Shares of Tata Consultancy Services (TCS) on Monday fell nearly 5 per cent, wiping out Rs 55,471.22 crore from its market valuation, after the company's June earnings failed to meet expectations.

Indian pharma industry may rebound to 8-11% growth rate, says Alkem

Alkem Laboratories expects the Indian pharmaceutical industry to rebound to 8-11 per cent growth rate with normalcy in activities as the pandemic eases out

Elon Musk's SpaceX sends 46 Starlink satellites on Falcon 9 into orbit

Billionaire Elon Musk's space venture SpaceX has successfully launched 46 Starlink satellites to low-Earth orbit.

IOC, BPCL, HPCL may post Rs 10,700-cr combined loss in Q1: Report

ICICI Securities said the companies are losing Rs 12-14 per litre on petrol and diesel, completely offsetting the strong refining performance during the quarter

Agro-chemical firm GSP Crop Science plans Rs 500-cr IPO next year

Agro-chemical firm GSP Crop Science Pvt Lt is looking to launch a Rs 500-crore IPO (Initial Public Offering) by next year, according to its managing director Bhavesh Shah.

Wipro PARI acquires Germany-based Hochrainer GmbH for undisclosed sum

Hochrainer GmbH, a family-owned company, has been in operations since 1973 and employs around 130 people, Bengaluru-headquartered Wipro said in a statement

Wipro announces quarterly promotions for top performers amid high attrition

Wipro plans to boost the salaries of most of its workforce by 10% in September 2022. The top performers are likely to receive a 15% hike

HCL Q1FY23 result tomorrow: Here's how company performed in last 4 quarters

The company is expected to post a revenue growth of 2.9 per cent QoQ on a constant currency basis, brokerage firms predicted

Australia's Woodside to invest $10 mn in methane recycling firm String Bio

The investment is a part of Woodside's goal to spend $5 billion on new energy and low-carbon services by 2030, in line with a global push for cleaner energy

Paytm's Apr-Jun loans disbursal jumps nine-fold to Rs 5,554 crore

The company had disbursed 14.33 lakh loans worth Rs 632 crore in the year-ago period

With Europe slowing, TCS says North America to drive its growth in FY23

The IT major indicated that clients in Europe are more cautious on tech spends given the possibility of deeper recession and ongoing conflict in Eastern Europe, leading to delays in decision making

Is Tata copying Adani, Reliance with its green turn?

A host of Tata companies have come together to create an EV ecosystem. Tata Power has committed a $9.5 bn investment for its renewable energy business. Let us find out more

CEOs expect better job creation despite monetary tightening in H1FY23

A majority of CEOs in the poll anticipate improved job creation prospects in their companies in the first half of FY23, even as expectations of monetary tightening are pervasive

SpiceXpress to be hived off from SpiceJet by Aug first week: Ajay Singh

Banks and shareholders have given their approval to hive off cargo and logistics company SpiceXpress from SpiceJet airline, the carrier's CMD Ajay Singh said

IHCL's Ginger brand continues expansion, on track to scale up to 125 hotels

IHCL has traditional hotel brands like Taj, Vivanta, SeleQtions, and new-age ones like Ginger and Ama