Page 2032 - Company News

The burning question: Why are electric two-wheelers in India catching fire?

Neither the industry nor the government has focused on standards and safety norms

Oberoi group's EIH Associated Hotels chairman and director resigns

The board of directors at a meeting held on Monday appointed Shib Sanker Mukherji, who was the vice chairman, as the new chairman of the company, EIH Associated Hotels said in a regulatory filing

Tata Steel to complete Neelachal Ispat Nigam acquisition Ltd this qtr: CEO

Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said

Adani Transmission gets nod for Rs 3,850 cr investment by Abu-Dhabi firm

Adani Transmission Ltd said it received shareholders' approval for issuance of 1.56 crore shares worth around Rs 3,850 crore on a preferential basis to Green Transmission Investment Holding RSC Ltd.

Ola Electric edges rivals to claim top spot among Indian e-scooter firms

Ola Electric has grabbed the top spot in the fast-growing electric vehicle (EV) market in India, in just five months of launching its first e-scooter.

Network18 fourth-quarter net profit up 58% YoY at Rs 61 cr; TV18's down 13%

Network18 Media & Investments on Tuesday reported 58.1 per cent year-on-year surge in its consolidated net profit to over Rs 61 crore during Q4FY22.

Meta took down over 27 million pieces of bad content in India in March

Meta actioned a huge 14.9 million spam content, 2.5 million violent and graphic content and 2.1 million content related to adult nudity and sexual activity, among others

Govt-owned insurers go for organisational rejig, look for consultants

Four general insurers have decided to restructure the organisation towards profitable growth and have called for Request for Proposal (RFP) from consultancy firms

Zepto raises $200 mn to expand its 10-minute grocery delivery across India

The firm, which was launched 9 months back by two 19-year-old Stanford dropouts, has raised $200 million Series D fundraise, valuing the quick commerce company at around $900 million

L&T Finance to divest real estate, infrastructure books to reduce leverage

The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth 30,521 crore as on March this year

Valuation, market share: Why investors should opt for LIC's scaled-down IPO

The insurer has growth potential, underestimated embedded value and the government sell its stake in the company again

Board jointly suspended CEO Ankiti Bose, not individual investor: Zilingo

Fashion technology startup Zilingo said the decision to suspend its Indian-origin co-founder and CEO Ankiti Bose over alleged discrepancies in the company's accounts, was taken jointly by the board

2 SpiceJet flyers in ICU; DGCA starts inspection of entire aircraft fleet

On Sunday, the Mumbai-Durgapur flight encountered a severe turbulence during its descent phase, injuring 14 passengers and three cabin crew members, the DGCA said in a statement

AG&P Pratham to pump in Rs 18,000 crore in city gas distribution

In talks with GAIL (India) for long-term supply to southern states

Meesho joins hands with Google Cloud to accelerate digital transformation

"Meesho teams up with Google Cloud for faster innovation at scale," the statement said

Britannia Industries net profit up 4.3%, but margins under pressure

The cost of raw material consumed in the quarter was up 21.3 per cent to Rs 1,858.7 crore

Adani Wilmar net profit declines 26% to Rs 219.2 crore in March quarter

Its food and FMCG portfolio stood at 0.64 MT in FY22, compared with 0.47 MT in FY21, registering a growth of 34 per cent

Business segment recovery to drive growth for Indian Hotels Company

While growth metrics should improve as the leisure segment and business travel picks up, the company's March quarter performance was weaker than expected

2-wheeler sales rise in April, but recovery unlikely to continue: Analysts

High raw material prices and semiconductor shortage puts recovery in doubt for companies' plans

Adani, JSW groups submit non-binding bids to acquire Ambuja Cements

Holcim intends to close the transaction early