Page 2027 - Company News

Xiaomi accuses ED of 'physical violence' threats during forex investigation

The company alleges intimidation by India's premier enforcement agency when executives appeared for questioning multiple times in April.

New testing rules to hamper 5G roll-out, say telecom gear makers

Telecom companies say that operators prefer to use radios, base stations and other products which work seamlessly for both 4G and 5G networks

RIL Q4 consolidated net profit up 22.5%; FY22 revenue at Rs 7 trillion

Net profit goes past Rs 60,000 crore

Lakshmi Venu takes over as MD of auto parts maker Sundaram-Clayton

She managed to turn the firm around, make it a competitive foundry globally, building deep customer ties with Cummins, Hyundai, Volvo, Paccar and Daimler

In talks with bank to settle dispute over dues: Ex-Supertech managers to SC

Embattled real estate major Supertech Ltd on Friday informed the Supreme Court that it is in talk with the financial creditor Union Bank of India to resolve the dispute over the payment of dues.

Karnataka High Court breather for Xiaomi India in ED seizure case

The High Court of Karnataka has given a breather to Xiaomi Technology India Private Limited by staying the April 29 order of the ED by which Rs 5551.27 crore of the company was seized

'Maintain laser-like focus' to get certificate: Jet Airways CEO to staff

Jet Airways has not operated since April 17, 2019

'Guest-first policy': For Prithvi Raj Singh 'Biki' Oberoi, quality tops

Biki has been the chief architect, designer and planner in every one of his hotels

Jio Platforms net profit rises 23% to Rs 4,313 crore; revenue up 21.8%

Revenue from operations for the quarter grew 21.8 per cent to Rs 22,261 crore

RBI gives go-ahead to Equitas reverse merger plan with certain riders

Asks Equitas Holdings to divest shareholding in its subsidiary, Equitas Technologies, prior to the scheme taking effect

Reliance Retail's net profit declines 4.8% to Rs 2,139 cr in March quarter

Reliance Retail said it delivered its best-ever quarterly revenues, which even surpassed the festive quarter performance despite the Omicron wave and coming out from the festive quarter

IndiGo to make behavioural test must for upgrade and promotion of pilots

Inclusion of BEI as part of upgrade and promotion comes in the backdrop of pilot unrest due to delay in restoration of pay cuts which were induced in phases during two years of the pandemic

CCI raids engineering companies after Coal India antitrust complaint

The watchdog as a matter of policy does not make public details of its ongoing price cartel investigations, or raids

Zomato's Goyal to donate Rs 700cr ESOP proceeds to Zomato Future Foundation

Goyal was granted ESOPS by Zomato's investors and board based on his performance right before the company went public last year

Mega merger: LTIMindtree to join the big league with scale and ambition

L&T Infotech-Mindtree merger announced; combined entity be able to tap into $100 mn+ deals, says Naik

Strong Q1, bullish guidance indicate encouraging prospects for ABB

Most analysts positive on the stock, but rich valuations mean little room for disappointment

Pawan Hans disinvestment: ONGC to offer its 49% shares to new buyer

After the offer is made by ONGC, the new buyer will get seven days to decide if it wants to buy the remaining 49 per cent stake held by the public sector undertaking (PSU)

Delhivery may make it to FTSE index in Dec, MSCI India by next May: Analyst

The stock, however, is unlikely to get added to the benchmark Nifty and Sensex indices anytime soon, he says .

LIC IPO subscribed 1.4 times on day 3 on interest by policyholders, staff

The policyholder quota was subscribed 4 times, employee portion 3.1 times and retail individual investor quota 1.23 times

ONGC wins 18 out of 21 oil, gas blocks in OALP-VI bid round, OIL gets 2

Sun Petrochemicals bid for three blocks, where it is locked in competition with ONGC