Page 2356 - Company News

Despite strong Q2 numbers, large deals become scarce for IT majors

The firms' total contract values have declined

Tata firms beat peers in 2021; TCS share in group's combined m-cap falls

Combined m-cap of listed Tata players, excluding TCS, is up 102% this year, so far

Legal fight on anvil as Dish TV board rejects YES Bank's demand for EGM

YES Bank, which holds 26% stake of Dish TV, has sought to remove Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal and Ashok Kurien from the board of Dish TV besides Jawahar Goel

Aviation firms for 'net zero' emissions ahead of target

Rolls-Royce, Airbus, and Shell investing in technology required for net zero

Zee-Invesco battle puts spotlight back on corporate governance practices

The public battle between the broadcasting giant and a key institutional shareholder has precipitated a high-decibel debate on corporate governance practices

New subscribers to help Jio's Q2; tariff hikes to aid Airtel, VIL: Analysts

The urgency around tariff hikes has come down with Vodafone Idea Ltd's (VIL) near-term cash outflow significantly reduced, IIFL Securities said.

Leisure Hotels Group to add 6 properties by 2022-end

Hospitality firm Leisure Hotels Group is looking to add six properties across the country by the end of 2022 as part of its expansion plans in the country, a top company official said.

Procurement of expensive plane parts after senior official's nod: Air India

The airline in an order stated that if the repair of aircraft parts is going to cost more than Rs 10 lakh, it has to be first approved by the Executive Director Engineering

Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand

High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage

HCL Technologies: Slow product sales may be near-term overhang

Overall growth is likely to remain strong

Over 50 Indian IT companies showcase products at Dubai trade show

Gitex Global, dubbed as the world's biggest technology show, is being organised from October 17 to 21 at the Dubai World Trade Centre

Real estate sales momentum to sustain after record Q2FY22 performance

Sharp rally in stocks, however, captures near term upsides, say analysts

Imagine Meats to bolster product range, aims presence in 25-30 cities

Imagine Meats, a food venture by Bollywood couple Genelia and Riteish Deshmukh, is working on expanding its range of plant-based meats suited for Indian taste buds

MaxVIL plans to expand realty biz; looks to add at least 2 projects in FY22

Max group firm Max Ventures and Industries Ltd (MaxVIL) is looking to acquire at least two land parcels, outright or through joint ventures

FinMin to seek Cabinet nod to set up firm to monetise some CPSE land assets

A special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer: DIPAM Secy

Power Global to invest $25 mn to set up battery infra facility in India

Power Global plans to invest around $25 million to set up a lithium-ion battery manufacturing unit and battery swapping infrastructure in India

HDFC Bank Q2 net up 18% to Rs 8,834 cr, steady rise in interest, fee income

Asset quality is largely stable; Total deposits up 14.4% at Rs 14.06 trillion YoY, advances rise 15.5% to Rs nearly Rs 12 trillion

MM Forgings acquires crankshaft supplier CAFOMA Autoparts for Rs 33 crore

Auto components maker MM Forgings Ltd (MMF) on Saturday said it has acquired one of the large independent suppliers of machined crankshafts CAFOMA Autoparts

Apple supplier Foxconn may launch first electric vehicle on Oct 18

Apple supplier and the world's biggest contract electronics manufacturer Foxconn, the world's largest contract electronics producer is reportedly planning to unveil its first electric vehicle

Apple fires leader of #AppleToo movement at workplace: Report

Apple has reportedly fired a leader of the #AppleToo movement at the workplace, who deleted apps from her work devices during an internal investigation.