Page 2384 - Company News
Rossari Biotech hikes prices, sees 50% jump in revenue, profit this fiscal
Rossari Biotech is expecting to close FY'22 with at least 50 per cent growth in both topline and bottomline on the back of rising demand and a substantial price hike that will help boost margins
 "Rossari Biotech hikes prices, sees 50% jump in revenue, profit this fiscal")
VMware sees tremendous growth potential in multi-cloud solutions in India
Cloud computing company VMware on Wednesday said it is investing in the Indian market as it sees "tremendous growth potential" in its multi-cloud solutions in the country
 "VMware sees tremendous growth potential in multi-cloud solutions in India")
Search for CXO level roles in India grows 80-100% in Sept quarter: Report
About 69 per cent of senior-level executives have stated they will look for new job opportunities this year: Report
 "Search for CXO level roles in India grows 80-100% in Sept quarter: Report")
Semiconductor shortage dampening festive spirit for electronics, auto firms
The problem has not magnified only in October but has been building up since August through September
 "Semiconductor shortage dampening festive spirit for electronics, auto firms")
Tata Steel's output grows 7% in July-September period
The company's consolidated steel production was 7.25 MT in the same period last year, Tata Steel said in a statement.
 "Tata Steel's output grows 7% in July-September period")
MobiKwik bullish on core business, buy-now-pay-later launched in May 2019
The firm currently has 22.3 mn pre-approved BNPL users and is handling over 4 mn such transactions a year. It is seeing 14x growth from a year ago
 "MobiKwik bullish on core business, buy-now-pay-later launched in May 2019")
Sobha's Q2 sales bookings up 49% at Rs 1,030 cr on improved housing demand
The company had sold properties worth Rs 689.9 crore in the year-ago period.
 "Sobha's Q2 sales bookings up 49% at Rs 1,030 cr on improved housing demand")
Lupin gets tentative nod from USFDA to market generic Brexpiprazole tablets
The product is a generic version of Otsuka Pharmaceutical Co Ltd's Rexulti tablets in the same strengths
 "Lupin gets tentative nod from USFDA to market generic Brexpiprazole tablets")
DoT slashes bank guarantee requirement for telecom operators by 80%
The Department of Telecom has slashed performance and financial bank guarantee requirement of telecom operators by 80 per cent, according to a licence amendment note issued on Wednesday.
 "DoT slashes bank guarantee requirement for telecom operators by 80%")
Visa launches India's 1st card 'token' service for online platforms
Visa's card tokenisation service is currently available with ecommerce platforms such as Grofers, Bigbasket and MakeMyTrip.
 "Visa launches India's 1st card 'token' service for online platforms")
Jio, Bharti may see 5-7% sequential revenue rise in Q2: Jefferies
Jefferies expects the outlook on tariff hikes for Bharti, further details on JioPhone Next for Jio, and tenancy outlook for Indus Towers to be the key things to watch for in the September quarter.
 "Jio, Bharti may see 5-7% sequential revenue rise in Q2: Jefferies")
Ananth Narayanan-led Mensa Brands invests in 10 fashion and beauty brands
Over the next three years, Mensa will acquire over 50 brands across categories including home, garden, apparel, personal care, and beauty
 "Ananth Narayanan-led Mensa Brands invests in 10 fashion and beauty brands")
Zee approaches NCLAT against NCLT order on Invesco's plea for EGM
Zee seeks more time to file reply on Invesco's arguments for convening an EGM
 "Zee approaches NCLAT against NCLT order on Invesco's plea for EGM")
Amid Invesco spat, Zee says open to rival offers for Sony bid
The comments show the battle between the company and its largest investors is set to worsen
 "Amid Invesco spat, Zee says open to rival offers for Sony bid")
Mercedes-Benz posts nearly 100% domestic sales growth in September
German premium car maker Mercedes-Benz on Wednesday reported nearly 100 per cent growth in sales at 4,101 units in the domestic market in September of the current year.
 "Mercedes-Benz posts nearly 100% domestic sales growth in September")
Zuckerberg denies Facebook puts profit over users' safety
Facebook Chief executive officer (CEO) Mark Zuckerberg has rejected accusations that the social network prioritises profit over its users' safety.
 "Zuckerberg denies Facebook puts profit over users' safety")
Indian BPO market to hit $8.8 bn by 2025 amid liberalised regime
In November 2020, the government had simplified BPO and ITES guidelines to ease the compliance burden on service providers and establish the 'Work-From-Home' and 'Work-From-Anywhere' framework.
 "Indian BPO market to hit $8.8 bn by 2025 amid liberalised regime")
Govt to amend rules, allow 20% foreign investment in LIC IPO: Report
Government officials are due to meet and discuss the proposal as early as Wednesday afternoon in New Delhi, says Bloomberg.
 "Govt to amend rules, allow 20% foreign investment in LIC IPO: Report")
PLI scheme: Auto component companies hope to pare imports
It would also reduce imports from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India
 "PLI scheme: Auto component companies hope to pare imports")
Superseding boards of two Srei companies not to roil markets, say bankers
The RBI on Monday superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance
 "Superseding boards of two Srei companies not to roil markets, say bankers")