Page 2063 - Company News

White goods PLI round 2: 19 global, domestic companies file applications

A senior government official said the second round of applications was invited as the entire allocated funds were not utilised.

Wipro announces acquisition of global SAP firm Rizing for $540 mn

The deal, which is expected to close by June 30, will strengthen acquirer's capabilities in large SAP transformative engagements

Rainbow Medicare raises Rs 470 cr from anchor investors ahead of IPO

Close to 8.7 million shares were alloted to 36 institutional investors at Rs 542 per share, the upper end of the price band

Cost inflation, pricing action key for agri input major Rallis India

The company posted losses at the operating level in Q4FY22

Stock of Zee Learn tanks 19% as Yes Bank initiates insolvency proceedings

Second firm after Dish TV where Yes Bank and Essel group promoters at loggerheads

Aditya Birla Sun Life AMC quarterly profit rises to Rs 158.5 crore

In comparison, the company had posted a Profit After Tax (PAT) of Rs 156.7 crore in the year-ago period, according to a filing to the stock exchanges

Arvind Uppal new Eureka Forbes chairman; Shapoorji Mistry leaves board

Shapoorji Pallonji Mistry and six other directors have resigned from the board of Eureka Forbes, with the new owner Lunolux Ltd taking control of the vacuum cleaner and water purifier maker.

Tata Coffee's Q4 profit rises by 12% to Rs 64.28 crore

The company's profit stood at Rs 57.37 crore during the corresponding quarter of 2020-21, TCL said in a BSE filing

Tata Sons to shift 4 group airlines under one office roof in Gurgaon

It will lease office space of 70,000 square feet to 'optimise resources, increase team work'.

PepsiCo reports double-digit revenue growth for Jan-Mar quarter in India

While on the volume side, the company has reported a "high-single-digit growth" for the Indian market for the convenient foods and beverages units

United Breweries net profit up 67.9% to Rs 164 crore in March quarter

The company had posted a net profit of Rs 97.53 crore during the January-March quarter of the previous fiscal, United Breweries Ltd (UBL) said in a regulatory filing.

Gateway Distriparks' Q4 profit after tax jumps 84% to Rs 85.5 crore

The company had posted a profit of Rs 46.38 crore in the March quarter of FY21, it said in a statement

NAM India's Q4 profit after tax rises by 5% to Rs 175 crore

In comparison, the company had a profit after tax (PAT) of Rs 166.77 crore in the same quarter preceding fiscal, NAM India said in a regulatory filing to stock exchanges

Reliance inks pact for UAE chemical project; in talks with ADNOC

TA'ZIZ is joint venture between Abu Dhabi National Oil Co (ADNOC) and sovereign wealth fund ADQ

Chennai-based Prodapt to double UK exposure with £50 mn tech investment

Aims to create over 500 jobs, had set up new office in London earlier this year

Hotel Association of India urges govt to bring down insurance premiums

The hotel association alleged that insurance companies are not allowed to quote different rates to hotel properties based on the risk category of the insured, thereby putting all the hotels at par

With EV foray, Atul Auto eyes L5 battery-run three-wheelers via subsidiary

The wholly-owned subsidiary Atul Greentech Pvt Ltd designs and develops innovative solutions for last-mile electric mobility for domestic and export markets

1 mn 'Make in India' iPhones shipped in Q1 2022 as Apple grows 22%

Apple shipped nearly 1 million 'make-in-India' iPhones in the country in the first quarter of 2022, a massive jump of 50 per cent in iPhone shipments from within the country

udaanCapital ties up with Northern Arc Capital for financing 50,000 kiranas

udaanCapital currently helps disburse over Rs 8,000 crore credit a year to 150,000 kiranas and small businesses. The credit is short-term and ranges from Rs 10,000 to Rs 25 lakh

Jeff Bezos vs Kishore Biyani 2.0: RIL may pick up FRL through insolvency

The tactic is not new for Reliance. In 2020, Reliance Industries acquired 37.7% stake in textile manufacturer Alok Industries Ltd for Rs 250 cr.