Page 2019 - Company News

Tyre makers' capital expenditure to rise to Rs 5,000 cr in FY23: CRISIL

The report is based on the analysis of the top six domestic tyre makers, who account for 80 per cent of the Rs 75,000 crore of the sector, CRISIL said

Tata Motors expands EV range, launches Nexon EV MAX at Rs 17.74 lakh

The model produces 105 kW (143 PS) of power and delivers a torque of 250 Nm, resulting in 0 to 100 sprint times in under 9 seconds

Netflix to stream ads in TV shows, movies this year amid slow user growth

The streaming giant Netflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022 -- its first subscriber loss in over a decade

Alembic gets final USFDA nod for medication to treat bronchoconstriction

Arformoterol Tartrate inhalation solution is indicated for long-term, twice daily administration in the maintenance treatment of bronchoconstriction in patients with chronic obstructive pulmonary dise

E-commerce enablement platform GoKwik raises $35 mn for expansion

E-commerce enablement platform GoKwik said it has raised $35 million led by Think Investments and RTP Global, and will use the funds to work on tech solutions for large marketplaces

Marks & Spencer Reliance India appoints Ritesh Mishra as Managing Director

Retailer Marks & Spencer India on Wednesday said Ritesh Mishra has been appointed as Managing Director for Marks & Spencer Reliance India Pvt Ltd

Delhivery raises Rs 2,346 cr from anchor investors as IPO opens today

Delhivery's IPO size is Rs 5,235 crore, the second-biggest after LIC this year

Hero Electric partners ReadyAssist for service support to B2B customers

The two companies had earlier announced a collaboration for training and upskilling 20,000 mechanics in EV skill sets across the country

Edtech firm iNurture raises $15 mn from ADM Capital in debt and equity

Currently, the company has partnerships with over 30 university campuses across India, offering over 50 programmes on campus, and has more than 15,000 students enrolled in these programmes.

Swiggy scales down Supr Daily, temporarily suspends Swiggy Genie

The company in a blog stated that its restructuring Supr Daily and the services will be suspended in five cities, it also said that Swiggy Genie will be temporarily suspended in 3 cities.

Gujarat Gas Q4 consolidated net up 28% to Rs 444 crore, income up 36%

For whole of FY22, the firm's consolidated net profit rise by only 1% to Rs 1287.37 crore

Cipla Q4 PAT dips 12% to Rs 362 cr owing to Covid inventory impact

For the full fiscal, Cipla has posted a 4.7% jump in net profit to Rs 2,517 crore, revenue and Ebitda rose 13.6% and 6.4% respectively

Vodafone Idea's loss narrows to Rs 6,563 cr in Q4; ARPU improves

Vi registers 7.5% sequential growth in its ARPU at Rs 124 aided by tariff hike in November

From soaps to biscuits, price hikes by FMCG firms may not dim the pain

According to data by Bizom, mid-single-digits to double-digit price rises are being seen in all essential foods because of the increase in input, logistics, and packaging costs

Uptick in movie biz prompts exhibitors to increase screen count in FY23

PVR, Inox and Cinepolis adding 125, 77 and 60 screens, respectively, in FY23

Govt reads out the riot act to cab aggregators amid rise in complaints

Takes tough stand on ride cancellation and surge pricing

Sun Pharma's Halol unit gets 10 observations under USFDA's Form 483

Plant's OAI status is unchanged, hinting at status quo; Sun Pharma says will respond to observations within 15 days

JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements

JSW Group Chairman offers $7 billion for cement firm

Quarterly appraisals, mass hiring: How India Inc is tackling attrition

Also on offer: Higher promotions, work flexibility, eldercare & childcare support to track attrition.

Power sector stocks may see lot of volatility even as demand remains strong

Cost of inputs and funds, working capital needs and sales-mix key factors to influence prospects