Page 3470 - Company News

Britannia Industries posts 32.9% increase in Q2 net profit at Rs 402.73 cr

Net sales were up 5.88 per cent to Rs 3,022.91 crore during the quarter under review as against Rs 2,854.81 crore of the corresponding quarter previous fiscal.

L&T's construction arm bags contracts worth Rs 2,500 crore from clients

The company said its buildings and factories business has received an order for execution of mechanical works for a cement plant at Kurnool.

Rewired.GG invests 14 million euros to help Team Vitality expand in India

The e-sports team, founded in 2013 with 10,000 euros, aims to be one of the world's first $1-billion e-sports teams

Natco in legal fight with FMC to produce CTPR based insecticide in India

Natco is also awaiting regulatory approval for a product based on CTPR, which is a broad spectrum insecticide used in several crops

Air India stake sale: Roadshow in Singapore this week to woo bidders

The national carrier has a debt of Rs 57,000 crore and the bids will be invited for 100 per cent stake

Paytm to invest Rs 500 cr in tech startups to drive innovation, create jobs

The company said it expects to employ technology across the growing internet to become the dominant player in AI.

Nearly 70,000 staffers have opted for voluntary retirement so far: BSNL CMD

The effective date of voluntary retirement under the present scheme is January 31, 2020

Here's why Sun Pharma is betting on Japan when peers are losing interest

Recently, Japan's sixth largest generic player Lupin said it felt that the annual price cuts made the market unattractive and it would continue to grow in single digits in value terms

India smartphone shipments rise 9.3% in Q3; Xiaomi leads the list

Xiaomi continued to lead the tally with 27.1% share, followed by Samsung (18.9%), Vivo (15.2%), Realme (14.3%) and Oppo (11.8%).

Alibaba stare at another record as Singles' Day sales hit $28.63 billion

Within the first two hours, the total GMV exceeded $17.24 billion, surpassing the total GMV of 2016 11.11

Jet Airways, Naresh Goyal under SFIO probe for 'siphoning off' money

The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal

IT companies look to cut jobs at mid, senior levels in coming quarters

As hiring in US rises, with resulting cost pressure, these staffers in India are at risk; advent of digital tech another reason

PSU general insurance companies seek capital infusion prior to merger

According to rough estimates, the need is at least Rs 2,000-3,000 crore in each of the companies, the total collective requirement is close to Rs 12,000-13,000 crore

Piramal will have to raise Rs 3,033 crore to meet financial commitments

Group holds 20% in unlisted Shriram Capital and another 10% in Shriram City Union

Mahindra Group to check into upscale hotel segment to tap burgeoning demand

Sources said that the proposed diversification from 'vacation ownership' through its Club Mahindra brand will put the firm on a similar turf as that of the Tata Group's Indian Hotels

Sun Pharmaceutical bullish on Japanese market as peers lose interest

Most Indian players have exited Japan over the past decade. Ranbaxy was one of the early entrants.

OMPL plans to raise $510 million through foreign currency term loan

India Ratings and Research (Ind-Ra) has assigned an 'AAA/stable' rating

Reliance Industries cuts base price for new gas by 7% from KG-D6 block

RIL and partner BP are seeking bids from potential users for the 5 million standard cubic metres per day of gas they plan to produce from the R-Cluster Field in KG-D6 from mid-2020

Post-monsoon Indian pharma market growth slips to 5.1% in October

The drop in growth for the month of October 2019 has been seen across the therapies.

It's peak season but air tickets are going cheap, thanks to price war

Many analysts had hoped that, with less competition, airlines would regain their pricing power and air fares would move northwards