Page 2193 - Company News

Amid supply chain issues, Xiaomi loses 8% share in India over last 2 years

The company, which has maintained top position in the smartphone shipments in India for 17 consecutive quarters, is losing market share here amid rising competition and supply chain constraints

SC agrees to hear SpiceJet dues dispute on Friday

Credit Suisse moved a winding up petition before the company court claiming that SpiceJet was indebted to it for more than $24 mn

FRL launches SC challenge against own lenders to avoid a defaulter tag

Earlier this month, Future Retail had said it had missed the due date for the payment of Rs 3,494.56 cr to banks and lenders as it could not sell assets due to its ongoing litigation with Amazon

Pernod Ricard plans to set up its own branded retail outlets in India

World's second largest wine and spirits firm banks on a direct-to-consumer strategy rather than intermediaries

Airtel commissions 21-MW solar power unit in Maharashtra

The company expects the solar-powered unit to reduce 25,517 tonnes in carbon emissions annually

AGI glaspac opens Rs 400 crore manufacturing unit in Telangana

AGI glaspac, which is among the largest container glass bottle manufacturers, has commissioned its specialty glass manufacturing unit at Bhongir in Telangana at an investment of Rs 400 crore

Why has Netflix not been able to crack the Indian market?

Netflix Chairman Reed Hastings recently expressed 'frustration' over the company's lack of success in the Indian market. What prompted Hastings to make such a statement? Let's find out in this report

Deepak Nitrite Q3 consolidated net profit up 12% at Rs 242.46 crore

The company posted a net profit of Rs 242.46 crore for the quarter against Rs 216.56 crore in the year-ago quarter

Sebi bans 14 entities in Lux Industries insider trading case

Those banned by Sebi include Udit Todi, the son of the managing director of Lux, and is currently holding the post of executive director in the company

Supreme Industries Q3 net profit down 21.3% to Rs 245.72 crore

The company had posted a net profit of Rs 312.28 crore during the October-December quarter of the previous fiscal

Zensar Technologies posts 8% dip in net at Rs 91 crore in December quarter

Zensar Technologies said its net profit declined 7.8 per cent to Rs 91 crore for the December 2021 quarter.

New-age stocks: Drop in trading volumes may be the first sign of bottoming

Fear of withdrawal of easy money and lack of profits will likely weigh on these counters in the near-term

Demand risks likely to keep Havells India stock under pressure

The company also faces margin headwinds due to rise in raw material costs

'We are adequately capitalised': Zomato CEO to employees amid market fall

Goyal said that the fall in market was due to the global sell-off in growth tech stocks

Swiggy becomes decacorn, valuation crosses $10.7 bn in new funding round

In the past few months, Swiggy has expanded Instamart to 19 cities

Komaki Electric Vehicles launches motorcycle and scooter models

Komaki Electric Vehicles announced the launch of its first battery-powered cruiser motorcycle Ranger and e-scooter Venice in the domestic market

Tata Technologies plans to hire 3,000 innovators in next 12 months

The company plans to ramp up its workforce in all major markets globally and India, which includes Maharashtra, Karnataka, Tamil Nadu, among others

Tube Investments to buy 70% stake in e-tractor co Cellestial for Rs 161 cr

The Murugappa group firm will form separate EV subsidiary, infuse Rs 350 cr

Bhavish Aggarwal-led Ola Electric valuation tops $5 bn with $200 mn funding

Last October, Ola Electric raised over $200 million, tripling its valuation to $3 billion

Airtel board to decide on fund raising via preferential route on Friday

The plan comes ahead of proposed 5G spectrum auction and is the second such exercise in three months. Last October the firm raised about Rs 21,000 cr via a rights issue