Page 3043 - Company News

Vistara to operate flights to London, Paris, Frankfurt starting mid-August

Now, the airline is looking to operate scheduled flights to Europe with the proposed induction of its second Boeing 787-9 aircraft next month

IndusInd Bank's profit before tax declines 72% to Rs 602.45 crore

The lender's net interest income rose 16.4 per cent year on year to Rs 3,309 crore

Intel ousts chief engineer Renduchintala after company falls behind rivals

Intel said it is reorganizing technology, systems architecture and client group and new leaders will report to CEO Bob Swan

Foreign telecom gear makers seek relief from DoT on eligibility criteria

Ask DoT to include service costs while calculating local content, value addition

Lack of R&D, funding, and vision holding back Indian leather makers

The third of a 5-part series analyses the reasons behind the shrinking foothold of the sector

Q1 results preview: Jio to steady RIL ship amid slowdown in retail, energy

Analysts estimate net profit to come down in 1st quarter

Bharti Airtel chairman Sunil Mittal seeks govt help for telecom sector

Mittal said the government should look at rationalising levies on the sector and "close long-standing legal disputes that are a big drag on the performance of operators"

Glance in talks with US, Japanese investors to raise $200-250 million

Glance, positioned as a subsidiary of InMobi, has so far raised one round of $45 million from Mithril Capital

IFSCA seeks to give GIFT City a global feel, says chairman Injeti Srinivas

The priorities include setting up an international bullion exchange also.

3M profit misses Street estimates as coronavirus crisis hammers sales

3M is the world's biggest producer of N95 respirator masks and has seen sales surge as governments fought over supplies of protective equipment for healthcare and other essential workers

Durables makers script advertising narratives around new lockdown lifestyle

Godrej, Voltas, Prestige, Samsung and other appliances brands tune in to the growing chatter around household chores, pitch convenience on a budget

Jaypee Infratech delisting: Shareholders move NCLAT, seek fair exit price

The shareholders have also requested the NCLAT to pass a direction to the stock exchanges BSE and NSE not to delist the share of Jaypee Infratech till they are adequately compensated

ITC acquires spice-maker Sunrise in all-cash deal for Rs 2,150 crore

With the transaction, the company has added a 70-year-old brand and a market leader in eastern India to its portfolio

Nestle profit before tax marginally dips to Rs 652 crore, revenue up 1.7%

While revenue for the quarter rose, it was sluggish at Rs 3,050 crore versus Rs 3,000 crore reported a year ago

Global air travel unlikely to return to pre-Covid levels until 2024: IATA

Moreover, the overall domestic passenger traffic was 86.5 per cent less in June 2020 than what was observed a year ago, the global airlines body added

We were fortunate to be one of the beneficiaries of lockdown: Grofers

The online grocery platform, which has advanced its plan to launch an initial public offer by the end of 2021, said it continues to focus on enhancing customer experience

Gujarat HC judge recuses self from hearing ArcelorMittal Nippon's plea

In an oral order, Justice Udhwani, in whose court the matter was listed for hearing, said "not before this court".

Havells India to raise Rs 500 cr through issuance of commercial paper

The company had reported a consolidated net profit of Rs 63.98 crore in the first quarter ended June 30

Sunil Mittal's remuneration dips about 3% to Rs 30.1 cr in 2019-20

Mittal was re-appointed as Chairman of the company for a period of five years with effect from October 1, 2016 till September 30, 2021

NIIT Tech reports 21% drop in net profit to Rs 80 cr for June quarter

The IT company had reported a net profit of Rs 100.6 crore in April-June period of the last financial year, NIIT Technologies said in a statement