Page 2056 - Company News
Wipro sees margin pressure over next few quarters as attrition rises
Wipro reported a near 4% year-on-year gain in consolidated net profit for the quarter ending March 31, while revenue rose 28.4%
 "Wipro sees margin pressure over next few quarters as attrition rises")
Securonix gets investments from Capital One, Wipro Ventures and others
Over the past 12 months, Securonix claims to have grown its SaaS (Software-as-a-Service) business by more than 100 per cent.
 "Securonix gets investments from Capital One, Wipro Ventures and others")
Resolution primary objective of IBC; but recovery important too: SBI MD
Financial and operational creditors owe money to companies facing insolvency proceedings and so recovery has to be an important factor while achieving resolution of stressed assets, he noted
 "Resolution primary objective of IBC; but recovery important too: SBI MD")
Indian Oil launches methanol-blended petrol on pilot basis in Assam
Union Minister of State for Petroleum and Natural Gas Rameswar Teli launched the M15 petrol in the presence of Niti Aayog member VK Saraswat and IOC chairman SM Vaidya on Saturday.
 "Indian Oil launches methanol-blended petrol on pilot basis in Assam")
Holcim likely to seek exemption under India-Mauritius tax agreement
The India-Mauritius treaty was designed to attract foreign investments in the early 1990s when India's foreign exchange reserves were alarmingly low
 "Holcim likely to seek exemption under India-Mauritius tax agreement")
Edelweiss ARC plans to deploy Rs 1,200 crore to acquire bad loans
With improving business environment, it has pegged recoveries to between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management (AUM) stood at Rs 40,251 crore at the end of March 2022
 "Edelweiss ARC plans to deploy Rs 1,200 crore to acquire bad loans")
Auto industry fails to pick up pace as chip shortage hurts production
Fresh chip scarcity may result in 4th straight year contraction in volumes
 "Auto industry fails to pick up pace as chip shortage hurts production")
Macrotech in talks with investors for industrial park funding platform
Macrotech Developers, one of the leading real estate developers in the country, got listed last year by raising Rs 2,500 crore through its Initial Public Offer (IPO).
 "Macrotech in talks with investors for industrial park funding platform")
E-scooter sales slow down as global chip shortage woes continue
The largest drop has been in Hero Electric, one of the largest players in the market
 "E-scooter sales slow down as global chip shortage woes continue")
Bodhi Tree to invest Rs 4,500cr in ALLEN, build biggest Indian test-prep co
Deal likely to close in three months
 "Bodhi Tree to invest Rs 4,500cr in ALLEN, build biggest Indian test-prep co")
Vistara's enrolment in Tata Neu will take time, says CCO Deepak Rajawat
Tata Neu, which was launched on April 7, gives loyalty points "Neu" to its customers for every purchase done on the app
 "Vistara's enrolment in Tata Neu will take time, says CCO Deepak Rajawat")
Will hire male cabin crew on attaining a certain scale: Jet Airways
Jet Airways, which has not flown since April 17, 2019, is currently in the process of re-launching operations under its new promoters Jalan-Kalrock Consortium.
 "Will hire male cabin crew on attaining a certain scale: Jet Airways")
After LIC, Delhivery likely to launch downsized public offering in May
Delhivery's IPO will be second biggest this year after LIC
 "After LIC, Delhivery likely to launch downsized public offering in May")
ISMC to invest Rs 22,900 cr in Karnataka on semiconductor fabrication plant
ISMC has sought 150 acres in Mysuru's Kochanahalli Industrial area. This will be one of India's first and largest semiconductor fabrication units under Centre's Semiconductor Mission
 "ISMC to invest Rs 22,900 cr in Karnataka on semiconductor fabrication plant")
Three TCPL shares for every 10 of Tata Coffee, merger in 12-14 months
Under the scheme, shareholders of Tata Coffee will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them
 "Three TCPL shares for every 10 of Tata Coffee, merger in 12-14 months")
Maruti Suzuki, Hyundai see April wholesales drop due to supply disruptions
Tata Motors, Toyota Kirloskar Motor and Skoda Auto on the other hand witnessed a robust growth in vehicle dispatches last month
 "Maruti Suzuki, Hyundai see April wholesales drop due to supply disruptions")
udaan, JioMart may disrupt $100 bn B2B e-commerce mkt in decade: Jefferies
udaan has already garnered over 50 per cent market share while Reliance is at around a quarter share, says the report by top investment bank Jefferies.
 "udaan, JioMart may disrupt $100 bn B2B e-commerce mkt in decade: Jefferies")
India to account for 20% of our overall top line in 5 yrs: FM Logistic
FM Logistic has said India is a significant growth engine for the company and it is expecting its business here to account for 20-25 per cent of the overall topline in the next five years
 "India to account for 20% of our overall top line in 5 yrs: FM Logistic")
Honda Cars reports 13% dip in domestic sales to 7,874 units in April
Honda Cars India Ltd (HCIL) on Sunday reported a 13 per cent decline in domestic sales to 7,874 units for April.
 "Honda Cars reports 13% dip in domestic sales to 7,874 units in April")
Will hire male cabin crew once we reach operational scale: Jet Airways
It will be following the footsteps of Vistara, which had started hiring male cabin crew in March 2018, approximately three years after it was launched
 "Will hire male cabin crew once we reach operational scale: Jet Airways")