Page 3513 - Company News

Dismal volumes, high costs major overhangs in Q2 performance of UltraTech

Weak demand and monsoon impacted volumes, while net profit missed estimates due to higher expenses

Apple ups its India game, starts selling locally assembled iPhone XR

Prime Minister Narendra Modi's government has tried to position South Asia's third-biggest economy as a hub for smartphone manufacturing

Airbnb partners Jaipur NGO for local experiences, promotes women employment

The initiative is part of the "experiences" category of Airbnb

J&K impact: Active telecom user base falls in August, shows Trai data

Jio was the only operator to add 7.2 million active subscribers in August 2019

Piramal Enterprises profit before tax rises 29% to Rs 733 crore in Q2

The revenue of the company saw an increase of by 15% to Rs 3,604 crore for Q2FY20

Paytm founder Vijay Shekhar Sharma to take home Rs 3 crore in remuneration

The proposal pertaining to Sharma's remuneration was approved by members of One97 Communications Ltd at their Annual General Meeting on September 30, 2019

Roads to rail tracks: India must iron out logistics for transporting steel

For India to benefit from capacity targets set in the National Steel Policy 2017, modes of transportation other than road and rail need to be developed first

EV battery prices fall sharply, but local manufacturing yet to take off

The average cost of battery cells has come down to $200 per kilowatt per hour (kWh)

Airtel wants fees on incoming calls from other networks; Jio opposes

Vodafone Idea and state-owned BSNL have also favoured levying of the interconnect usage charge, currently 6 paise per minute, on every incoming calls from network of other operators

Bharti Infratel posts Rs 1,043 crore profit before tax in September quarter

The company during the quarter has reported reduction in co-locations of 1,106 basis exit notices received

Cost reduction programme plays key role in helping TVS grow EBIDTA

The company increased the price by 0.1% during first quarter and 0.3% in second quarter

Adani, GMR in fray to commercially redevelop Chandigarh railway station

The bidding for Chandigarh is part of a Rs 1 trillion station redevelopment programme

Bharti Infratel posts 61% jump in net profit at Rs 964 crore in Q2FY20

The mobile tower arm of Bharti Airtel had recorded a profit of Rs 600 crore in the same quarter a year ago

Daimler India cracks down on unauthorised use of its BharatBenz brand name

Daimler India Commercial Vehicles, which owns the brand BharatBenz, said that it prosecuted Pyken Industries for manufacturing and selling spare parts bearing the mark BHARATBENZ

Inside Zomato Gold: The discounts programme that has restaurants vexed

Launched in January 2018, Zomato Gold allows diners to avail an extra drink or an extra food item at the cost of one

JP Morgan commits to invest $25 million in skill development in India

This is part of the consultancy's $350-million global commitment over five years

Auto component maker Rane (Madras) to raise Rs 50 crore from promoters

The company informed bourses that its board had approved its fundraising plan, "including by way of issuance of equity shares and/or convertible securities to the promoter/promoter group

Adani Green commissions 50-megawatt wind energy capacity in Gujarat

The company through its subsidiaries is implementing 725 MW wind projects in Kutch

Boeing expresses regret over ex-pilot's 737 MAX messages, faults simulator

The role of the simulator has emerged as a crucial issue since the 2016 messages surfaced on Friday

Whistleblower stings Infosys again; alleges irregularities in accounting

Experts say no significant diversion from past accounting practices reported by the IT firm in recent quarters