Page 2015 - Company News
AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI foray
From the Asia Pacific region, MSCI has added 48 stocks and deleted 76, with the most changes in China
 "AU Small Finance Bank, Tata Elxsi and Adani Power soar on MSCI foray")
Vodafone Idea records top download speed of 5.92 Gbps in Pune 5G trials
Vodafone Idea Ltd (VIL) and Ericsson on Friday announced achievement of a technology milestone during the ongoing 5G trials, by demonstrating a peak download speed of 5.92 gigabits per second.
 "Vodafone Idea records top download speed of 5.92 Gbps in Pune 5G trials")
JK Paper Q4 profit rises 25% to Rs 170 cr; logging numbers like in Q3
JK Paper Ltd on Friday reported a 25 per cent increase in consolidated net profit at Rs 170.17 crore for the fourth quarter ended March riding on higher sales volumes.
 "JK Paper Q4 profit rises 25% to Rs 170 cr; logging numbers like in Q3")
Tech Mahindra Q4 net up 39.2% YoY to Rs 1,506 cr, rises 10% sequentially
Revenue up 24.5% YoY at Rs 12,116 crore; In dollar terms revenue for the quarter was up 5.4% at constant currency at $1.6 billion
 "Tech Mahindra Q4 net up 39.2% YoY to Rs 1,506 cr, rises 10% sequentially")
Maruti Suzuki to invest Rs 11,000 cr for new manufacturing plant in Haryana
The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it will invest Rs 11,000 crore in the first phase of its new manufacturing facility in Haryana.
 "Maruti Suzuki to invest Rs 11,000 cr for new manufacturing plant in Haryana")
PMI Electro to set up commercial EV manufacturing plant in Maharashtra
The facility, for which the foundation stone was laid on Friday, would be in conformity with all green building norms and be commissioned by August 2023
 "PMI Electro to set up commercial EV manufacturing plant in Maharashtra")
Non-life insurers' gross premium income rises 24% to Rs 21,327 cr in April
The non-life insurance companies had a gross premium business worth Rs 17,251.10 crore in April 2021
 "Non-life insurers' gross premium income rises 24% to Rs 21,327 cr in April")
Jet Airways to have best possible app, website among Indian carriers: CEO
Jet Airways will have the best possible app, website and IT systems and services among all Indian carriers without losing the human touch, its CEO Sanjiv Kapoor said on Friday.
 "Jet Airways to have best possible app, website among Indian carriers: CEO")
UCO Bank Q4 net profit jumps over 3-fold to Rs 312 cr as bad loans fall
State-owned UCO Bank on Friday posted an over three-fold jump in net profit at Rs 312.18 crore for the quarter ended March 2022 as a fall in bad loans lowered the provisioning requirement.
 "UCO Bank Q4 net profit jumps over 3-fold to Rs 312 cr as bad loans fall")
Top headlines: Musk puts Twitter deal on hold, SBI Q4 profit rises 41%
Elon Musk says his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts
 "Top headlines: Musk puts Twitter deal on hold, SBI Q4 profit rises 41%")
RIL top-ranked Indian firm on Forbes Global 2000 list, leaves Adani behind
"Energy and banking sector corporations were among the highest-ranking Indian companies in Forbes' Global 2000 list of public companies this year," the publication said.
 "RIL top-ranked Indian firm on Forbes Global 2000 list, leaves Adani behind")
Patna High Court issues arrest warrant against Sahara chief Subrata Roy
The Patna High Court on Friday issued an arrest warrant against Sahara India chairman Subrata Roy after he failed to appear before it despite repeated summons
 "Patna High Court issues arrest warrant against Sahara chief Subrata Roy")
Swiggy enters high-end dining market with acquisition of Dineout
Online food delivery platform Swiggy on Friday announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum.
 "Swiggy enters high-end dining market with acquisition of Dineout")
Fearing closure of petrol pumps, RIL-BP drafting a rescue plan: Report
Earlier in 2008, RIL had compensated dealers when it shut retail outlets due to high crude oil prices and lack of support from the government
 "Fearing closure of petrol pumps, RIL-BP drafting a rescue plan: Report")
LIC Housing Finance increases home loan rate to 6.9% for select borrowers
For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates are applicable from Friday
 "LIC Housing Finance increases home loan rate to 6.9% for select borrowers")
Companies committed to cutting emissions represent $38 trn in economy: Rpt
In 2021, the number of SBTi companies doubled to 2,253, including 1,082 companies with approved targets and 1,171 that committed to set science-based targets
 "Companies committed to cutting emissions represent $38 trn in economy: Rpt")
Tata Motors shares jump over 8% after narrowing of net loss in Q4FY22
The stock jumped 8.30 per cent to Rs 403 on the BSE; at NSE, it zoomed 8.31 per cent to Rs 403.25 apiece
 "Tata Motors shares jump over 8% after narrowing of net loss in Q4FY22")
Zipaworld plans to raise over Rs 3.8 crore in early-stage funding round
The startup plans to harness the funds to mobilise and accelerate AI and ML-based logistics and supply chain services
 "Zipaworld plans to raise over Rs 3.8 crore in early-stage funding round")
AU SFB shares jump 6% after MSCI includes stock in global indices
Four domestic stocks added, one excluded from MSCI Standard index
Inflation: Your soap or cookies may not be getting pricier but lighter
Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel
 "Inflation: Your soap or cookies may not be getting pricier but lighter")