Page 2429 - Company News

MakeMyTrip plans to double down on alternative accommodation business

The firm's alternative accommodation business includes villas, apartments and hostels. It is now adding about 1,000 properties to that segment per month

Indigo plans full capacity domestic flights by Dec, seeks to raise funds

CEO Ronojoy Dutta says airline's cash levels are 'pretty good' but it wanted an insurance buffer against a possible third wave of Covid-19.

Arvind SmartSpaces raises Rs 85 crore through H-CARE 1

The Board of Directors of approved the allotment of 6.85 million equity share aggregating to about Rs 85 crore to H-CARE 1 and the promoters of ASL at the price of Rs 124/sh

FMCG major Emami aims decent margin in FY22 despite hike in input cost

Presently, FMCG companies are facing inflationary pressure on the raw material inputs and some of them have even increased the prices to maintain margins.

Fabindia considers raising up to $1 billion via initial public offer

Fabindia, a retailer of artisan products and lifestyle items, is considering raising up to $1 billion through an initial public offering (IPO), according to people in the know of the development

Hughes, OneWeb ink pact for Low Earth Orbit satellite service in US, India

Hughes Network Systems and OneWeb have announced agreements for Low Earth Orbit satellite service in the US and India.

Wonderchef eyes Rs 400 crore revenue in FY22, says MD Ravi Saxena

Kitchenware brand Wonderchef is eyeing 23 per cent growth in revenue at Rs 400 crore in 2021-22 as compared to the previous year due to increase in upgradation of cookware following the pandemic, a top company executive said.

Fresh investments in motown may cross $4 bn; auto firms in talks with govt

Some 13 auto firms have been in talks with govt for setting up business in India

India may continue to face chip crunch for mobile devices for 6 more months

This will hit the affordable 4G segment phones particularly hard as they use a lot of low-priced high nanometer chips which are in even more short supply

Decent gains ahead in Coal India stock as power demand picks up

With business conditions improving, analysts expect 15-20% upside in share price of India's largest coal miner

Ford's manufacturing decision won't reflect on Indian businesses: Report

A senior government source on Friday said the decision in no way reflects on the business environment in the country and is rather linked to operational issues.

Chip shortage pushes Reliance, Google to delay India smartphone launch

Indian conglomerate Reliance Industries delayed the launch of a low-cost smartphone it is developing with Google to November, citing an industry-wide semiconductor shortage.

Vedanta seeks premium over govt rates for gas from Assam block

Billionaire Anil Agarwal's Vedanta Ltd is seeking a premium of at least $1 over the government-mandated price for the natural gas it plans to produce from its Assam block.

Top headlines: PM chairs meet on Covid situation; PNB to raise Rs 6k cr

Business Standard brings you the top headlines on Friday

Low base effect pushes up India's domestic PV sales in August

Low base effect along with pent up demand pushed India's domestic private vehicle (PV) sales higher on a year-on-year basis in August.

Udaan names co-founder Vaibhav Gupta as CEO, plans IPO in 18-24 months

The B2B e-commerce platform looks at becoming a publicly listed entity in the next 18-24 months.

Chip shortage hits domestic auto wholesales in August; dispatches dip 11%

Automobile wholesales in India declined 11 per cent year-on-year in August, as the semiconductor shortage hit production processes across the industry, SIAM said on Friday.

Fitch rates Power Finance Corporation's proposed EUR green bond BBB-minus

Fitch Ratings has assigned Power Finance Corporation's (PFC's) proposed Regulation S senior unsecured euro green bond a rating of BBB-minus.

Arvind SmartSpaces raises Rs 85 crore to pursue value accretive projects

Raises funds from HDFC Capital Affordable Real Estate Fund-1

Toyota cuts annual car production target on parts and chips shortages

The Japanese car maker now expects to build 9 million vehicles in the year to March 31, rather than 9.3 million