Page 2074 - Company News
Operating profit margins of TCS, Infosys decline to two-decade low
TCS & Infosys report average Ebidta margin of 27.6%, down from 30.1% last year
 "Operating profit margins of TCS, Infosys decline to two-decade low")
Not big players, but small brands catering to the needs of India: CAIT
CAIT said it is a myth that about 3,000 big brands of corporate houses are catering to the needs of the people of the country
 "Not big players, but small brands catering to the needs of India: CAIT")
'Uncertainty over Reliance Industries deal drove FRL lenders to IBC'
Protracted litigation, safeguarding bankers' interest also led to the action
 "'Uncertainty over Reliance Industries deal drove FRL lenders to IBC'")
Flipkart's social commerce arm Shopsy may hit 100 mn users this year
Social commerce is expected to be about a $70 billion market opportunity in the next few years
 "Flipkart's social commerce arm Shopsy may hit 100 mn users this year")
Tata Steel board to consider split of equity shares on May 3
On May 3, Tata Steel board will also consider the company's quarterly and annual earnings at the meeting along with a dividend payout
 "Tata Steel board to consider split of equity shares on May 3")
Tata Consultancy Services remains the prime cash cow for Tata Sons
Tata Sons has also taken shareholder approval to raise Rs 40,000 crore of debt
 "Tata Consultancy Services remains the prime cash cow for Tata Sons")
Packaged food likely to see FSSAI health star ratings after one year
This move by FSSAI will impact food companies, including Hindustan Unilever, ITC, Britannia, Nestle India, and Amul
 "Packaged food likely to see FSSAI health star ratings after one year")
Air India employees to move Bombay High Court to save homes
Employees took the call at a protest meeting on Sunday which was attended by Shiv Sena MP Gajanan Kirtikar and NCP leader Vidya Chavan
 "Air India employees to move Bombay High Court to save homes")
ONGC drills three gas wells using new MPD technology in Tripura
The new technology - Managed Pressure Drilling (MPD) proved to be beneficial in the state because conventional drilling could not be used in these geographical locations, said ONGC
 "ONGC drills three gas wells using new MPD technology in Tripura")
Will respond strongly to frauds: Sequoia on controversy-hit BharatPe
Sequoia, which is the largest shareholder in BharatPe, in a blog said it won't hesitate to act to protect the interest of shareholders and employees even if it costs it financially
 "Will respond strongly to frauds: Sequoia on controversy-hit BharatPe")
'Return to office, large scale hiring to drive office space demand in 2022'
In an interview with PTI, Dutt highlighted that hiring at a large scale is already happening with many sectors bouncing back after the adverse impact of the COVID-19 pandemic
 "'Return to office, large scale hiring to drive office space demand in 2022'")
GreenBase Industrial inks 200,000 sq feet industrial deal at Oragadam
The existing land bank of close to 500 acres spread across four locations is dedicated for 15 mn sq. ft of industrial and logistics parks development
Chip manufacturing push timely amid global supply woes: HCL co-founder
India's manufacturing push is timely and positions the country strongly to grab a massive opportunity in the electronics hardware space, said HCL co-founder Ajai Chowdhry
 "Chip manufacturing push timely amid global supply woes: HCL co-founder")
Seven of top 10 firms lose Rs 1.32 trn in m-cap; Reliance biggest drag
Seven of the 10 most valued firms suffered a combined erosion of Rs 1.32 trillion in market valuation last week
 "Seven of top 10 firms lose Rs 1.32 trn in m-cap; Reliance biggest drag")
Tech, engineering, manufacturing firms lead office space in Chennai: Report
As per the latest office report 'CBRE India Office Figures Q1 2022', the total office leasing for the quarter (ending March 31, 2022) was at 2.3 million square feet in Chennai
 "Tech, engineering, manufacturing firms lead office space in Chennai: Report")
HDFC Bank to raise Rs 50,000 cr via bonds; Renu Karnad reappointed director
The funds will be raised in the period of next 12 months through private placement mode, subject to approval of shareholders among others
 "HDFC Bank to raise Rs 50,000 cr via bonds; Renu Karnad reappointed director")
ICICI Pru Life net profit jumps over 2 fold to Rs 185 cr in March quarter
ICICI Prudential Life Insurance on Saturday posted over two-fold jump in its net profit to Rs 185 crore for the January-March quarter on account of robust growth in new business.
 "ICICI Pru Life net profit jumps over 2 fold to Rs 185 cr in March quarter")
HDFC Bank Q4 net up 23% to Rs 10,055 crore due to lower provisions
The net interest income of the bank grew by 10.2 per cent to Rs 18,872.7 crore on the back of 20.8 per cent growth in advances.
 "HDFC Bank Q4 net up 23% to Rs 10,055 crore due to lower provisions")
Okinawa Autotech to recall 3,215 units of Praise Pro scooter model
The recall also comes close on the heels of Amitabh Kant, CEO, NITI AAYOG asking EV makers to recall EV batches involved in fires.
 "Okinawa Autotech to recall 3,215 units of Praise Pro scooter model")
Indian MSMEs need to move to Cloud faster amid digital transformation
Employing more than 11 crore people, the MSMEs contribute around 30 per cent to the country's gross domestic product (GDP), and more than half of these MSMEs, running legacy infrastructure
 "Indian MSMEs need to move to Cloud faster amid digital transformation")