Page 2245 - Company News
Broad-based mkt rally unlikely in 2022 amid multiple headwinds: Brokerages
They advise investors to focus on quality companies as they list their favourite picks
 "Broad-based mkt rally unlikely in 2022 amid multiple headwinds: Brokerages")
India's new billionaires: A record 40 promoters entered the club in 2021
A record 40 promoters entered the club in 2021, beating the previous high of 24 in FY10
 "India's new billionaires: A record 40 promoters entered the club in 2021")
Reliance to raise $5 bn via overseas bonds to retire existing borrowings
The bond sale is poised to become the single largest such borrowing by an Indian company
 "Reliance to raise $5 bn via overseas bonds to retire existing borrowings")
Maruti, Hyundai report decline in wholesales for Dec; TaMo, M&M see growth
Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month
 "Maruti, Hyundai report decline in wholesales for Dec; TaMo, M&M see growth")
Hero MotoCorp sales drop 12% to 394,773 units in December 2021
The country's largest two-wheeler maker Hero MotoCorp on Saturday reported a 12 per cent drop in total wholesales at 3,94,773 units in December.
 "Hero MotoCorp sales drop 12% to 394,773 units in December 2021")
Royal Enfield posts 7% rise in wholesales at 73,739 units in December
Mid-sized motorcycle maker Royal Enfield, a part of Eicher Motors, on Saturday reported a 7 per cent increase in total wholesales at 73,739 units in December.
 "Royal Enfield posts 7% rise in wholesales at 73,739 units in December")
Swiggy receives 9,500 orders per minute on New Year's Eve
'This year we exceeded all our plans by a big margin and were overwhelmed by the customer response,' the company said in a statement
 "Swiggy receives 9,500 orders per minute on New Year's Eve")
Tata Motors' passenger vehicles biz hive-off comes into effect
The hiving off and transfer of Tata Motors' entire passenger vehicle undertaking to Tata Motors Passenger Vehicles Ltd have come into effect from Saturday, the homegrown auto major said on Saturday.
 "Tata Motors' passenger vehicles biz hive-off comes into effect")
FMCG distributors warn Colgate of taking strict steps over price disparity
Colgate Palmolive (India) said it values the strong relationships with its distributors and is looking to address their challenges
 "FMCG distributors warn Colgate of taking strict steps over price disparity")
M&M total sales rise 11% in December to 39,157 units
Mahindra & Mahindra (M&M) on Saturday reported an 11 per cent increase in total sales at 39,157 units in December 2021.
 "M&M total sales rise 11% in December to 39,157 units")
ONGC without a chairman as Subhash Kumar retires; no replacement appointed
India's most valuable public sector firm ONGC became a company with no chairman and MD after incumbent Subhash Kumar superannuated and the government did not immediately name his replacement
 "ONGC without a chairman as Subhash Kumar retires; no replacement appointed")
Honda Cars reports 26% jump in wholesales at 89,152 units for 2021
Honda Cars India Ltd (HCIL) on Saturday reported a 26 per cent year-on-year increase in its domestic wholesales at 89,152 units in 2021.
 "Honda Cars reports 26% jump in wholesales at 89,152 units for 2021")
Maruti Suzuki sales dip 4% to 153,149 units in Dec
In December 2021, the domestic sales slipped 13% to 130,869 units as against 150,288 units in December 2020
 "Maruti Suzuki sales dip 4% to 153,149 units in Dec")
Hyundai expects to sustain double-digit sales growth in 2022 as well
Hyundai Motor India expects robust sales to continue in 2022 as well with various positive factors, like improvement in the availability of semiconductors, aiding the business growth.
 "Hyundai expects to sustain double-digit sales growth in 2022 as well")
Tata Motors reports 50% jump in PV sales to 35,299 units in Dec
Homegrown auto major Tata Motors on Saturday reported a 50 per cent jump in total passenger vehicle sales to 35,299 units in December 2021.
Vinod Kannan takes over as Vistara CEO, replaces Leslie Thng
In its statement, Vistara said Deepak Rajawat has been elevated to take up the role of Vistara's Chief Commercial Officer from Saturday onwards.
 "Vinod Kannan takes over as Vistara CEO, replaces Leslie Thng")
D2C start-up Mamaearth becomes the first unicorn of 2022 with $52 mn round
Along with launching new brands, Mamaearth's parent company Honasa Consumer will continue expanding distribution for existing brands
 "D2C start-up Mamaearth becomes the first unicorn of 2022 with $52 mn round")
Nissan Motor India posts 2-fold jump in domestic wholesales in Dec
Nissan Motor India Ltd reported over two-fold jump in domestic wholesales in December 2021 at 3,010 units for its two brands Nissan and Datsun.
 "Nissan Motor India posts 2-fold jump in domestic wholesales in Dec")
Airbnb's across India are all set to welcome travellers in 2022
With the new year approaching, it may appear that the holidays are coming to an end! But don't be discouraged; vacation season isn't done yet
 "Airbnb's across India are all set to welcome travellers in 2022")
MG Motor India posts 43% increase in retail sales in 2021 at 40,273 units
MG Motor India on Saturday reported 43 per cent increase in retail sales in 2021 at 40,273 units.
 "MG Motor India posts 43% increase in retail sales in 2021 at 40,273 units")