Page 2059 - Company News

SBI Life Insurance net profit jumps 26% in January-March quarter

The 13th month persistency stood at 88.35 per cent in FY22 versus 87.92 per cent in FY21

Margin pressures, revenue worries may hit Tata Communications' prospects

Operating profit margins of TATA communications fell by 135 basis points to 24.5% due to a jump in costs, which were back-ended

NCLT adjourns the insolvency plea against Future Retail to May 12

Earlier this month, BoI had filed insolvency proceedings against Future Retail for non-payment of dues

How Eveready, on the cusp of change, is trying to regain its mojo

Over the past decade, a change in consumer choice swept through the battery industry - the walkman lost its mojo, smartphones overtook cameras and batteries were tucked away in remotes and wall clocks

Colgate-Palmolive India board appoints Prabha Narasimhan as MD and CEO

Narasimhan's appointment will be effective from September 1, 2022

Preferential treatment case: CCI raids sellers of Amazon, Flipkart

India's antitrust body launched raids on the two top domestic sellers of Amazon over accusations of having violated competition laws

Vedantu announces technology to bring down cost of online learning

Ai Live will give Vedantu an edge over competitors Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy, says company.

Cyient to acquire Singapore-based Grit Consulting for Rs 284 crore

IT company Cyient on Thursday said it will acquire Singapore-based Grit Consulting for $37 million in an all-cash deal.

Drone maker ideaForge raises $20 mn in Series B from Florintree, Infosys

Qualcomm, Infina and Exim Bank also participated in the funding round for company that serves Indian security forces

Bharat Biotech must address vaccine issues raised by WHO, says MEA

Weeks after WHO suspended the supply of Covaxin through UN procurement agencies, the MEA suggested that Bharat Biotech addresses the issue immediately to avoid the cancellation

Friendly gains: Airspace coordination in India helps airlines save big

Since Dec 2020, savings of airlines have been over Rs 200 crore

Amazon Prime Video to launch over 40 new Indian shows, pay-per-view service

Transaction video-on-demand feature will be available for Rs 69 to Rs 499 for a one-time watch

Realty firm Embassy REIT's net profit up fivefold at Rs 280 cr in Q4

Net operating income grew to Rs 2,491 crore, 5 per cent higher than initial guidance, with an operating margin of 84 per cent in Q4

IKEA is planning to raise local sourcing in India to 50%: Susanne Pulverer

Ikea also intends to add more stores in Mumbai as it calls out Maharashtra as an important market

Vedanta seeks free land, power in race to be India's 1st chipmaker: Report

Vedanta has told state governments that its operations would help them generate $2.2 billion in tax revenues over 20 years and create up to 100,000 direct and indirect jobs, said the first source

Biocon Q4 consolidated net profit declines by 4% to Rs 283 crore

Biocon's consolidated revenue from operations in the fourth quarter stood at Rs 2,408.8 crore as against Rs 1,842.1 crore in the year-ago period

BHEL-GE Power Conversion deal to make propulsion systems for Navy

The Indian Navy is considering building a second indigenous aircraft carrier to add to the combat capability

IndiGo runs first trial flight using GAGAN satellite technology

The trials were carried out in the presence of the Directorate General of Civil Aviation (DGCA) officials at Kishangarh Airport near Ajmer with an ATR72 aircraft

Tata Motors aims to build 80,000 EVs this financial year: Report

That compares with the 19,000 EVs it built and sold in the last financial year

IndiGo pilots under scanner for using expletives on radio during flight

The Indigo pilots were expressing unhappiness over the airline's delay in restoring the pre-Covid salaries and vented ire on 121.5 MHz frequency.