Page 1989 - Company News

Do not see govt slapping windfall tax amid soaring energy prices: ONGC

ONGC reported bumper profits in Q4 (when international prices soared to a near 14-year high of $139 per barrel) and record earnings in 2021-22, triggering talks of the govt slapping a windfall tax

India probes ZTE, Vivo as more China firms under scrutiny: Report

India has tightened scrutiny of China-based firms since 2020, when the two nations saw the deadliest fighting in decades at their disputed Himalayan border

Amazon Prime signs licensing deal with film producer Sajid Nadiadwala

The latter owns production house Nadiadwala Grandson Entertainment (NGE), which has released films such as Housefull, Baaghi and Kick

Bounce Infinity ties up with BPCL to set up battery swapping infrastructure

The battery swapping service starting from Bengaluru will be expanded to major metro cities in a phased manner, and the company aims to set up 3,000 stations across top 10 cities, Bounce said

Rs 3.7K cr project given to Jio, Airtel for 4G services in untapped areas

Under the project, Bharti Airtel will install 1,083 mobile towers with an expenditure of Rs 847.95 crore in Jharkhand and Maharashtra and Reliance Jio will roll out 3,696 towers for Rs 2,836 crore.

Flipkart starts initiative for academic, extracurricular needs of students

Students form a growing base of customers for the e-commerce giant, constituting close to 32% of all e-commerce shopping

Rising inflation has led to marked slowdown in growth rates: HUL Chairman

HUL also said that notwithstanding these near-term challenges, the Indian FMCG sector offers significant potential for growth

Byju's COO Mrinal Mohit may head India ops as Raveendran focuses on global

Founder may look at the US and Middle East, has been meeting investors and potential acquisition target firms there, say sources

Implementation of Jet resolution plan subject to outcome of order: NCLAT

Insolvency appellate tribunal NCLAT said the implementation of Jalan-Kalrock consortium resolution plan for Jet Airways would be subject to the outcome of its order over the appeals filed before it.

Sun Pharma eyes high single digit top line growth in FY23: Dilip Shanghvi

Drug major Sun Pharma on Monday said it expects high single-digit top-line growth in the current financial year with all its business verticals well placed to lead the charge.

Rise in third party insurance premium to impact two-wheeler industry: TVS

The automobile industry has been impacted by a series of headwinds, leading to a steady increase in two-wheeler prices, TVS Motor Company Director and CEO K N Radhakrishnan said in a statement

Rs 10 lakh fine on SpiceJet for training 737 Max pilots on faulty simulator

After barring the pilots, the regulator had issued a show-cause notice to the airline.

ONGC board has 'best persons' in upstream sector to head company: Chairman

ONGC is without a regular chairman since March-end 2021.

Jubilant to double injectable capacity in US at a cost of $193 mn

Signs agreement with US biomedical dept

Top headlines: LIC Q4 PAT declines 18%; TaMo to acquire Ford's Sanand plant

Business Standard brings you the top headlines on Monday

Sun Pharma posts net loss of Rs 2,277 cr in Q4, declares Rs 3 dividend

Sun Pharma's consolidated revenue rose 10% to Rs 9,446 cr in Q4FY22

Singapore Airlines plans to increase flights to India amid demand recovery

Singapore Airlines (SIA) Group -- comprising full service carrier Singapore Airlines and low-cost airline Scoot -- currently serves 13 destinations across India.

JSW Steel to sustain Europe shipments without passing on cost of export tax

JSW Steel Ltd, will continue to supply products to its buyers in Europe without passing on any increase in costs despite New Delhi's decision to impose an export tax, a senior company official said

Mahindra & Mahindra to launch fully electric version of XUV 300 in Q1 2023

The company also announced that it will unveil its electric vehicle business strategy, 'Born Electric Vision' of EV concept in August this year

Amazon India to open new robotics software development centre in Bengaluru

The India centre will help support Amazon's international Robotics division, which launched its first robot Astro last year