Page 361 - Company News

Lemon Tree Hotels likely to list its subsidiary Fleur Hotels in 2026

Patanjali Keswani, chairman and managing director, Lemon Tree Hotels, also said in the Q3FY25 earnings call that the company would be debt-free in three years

Apple's India freight on board output in FY25 surges 57% to ₹1.89 trn

The total market value (which includes distribution, sales and margins) is estimated at around $33 billion (₹2.84 trillion) making it among the largest manufacturing companies in the country

IT major Wipro eyes GCC service line in bid to catch up with peers

Wipro will help multinational companies set up their GCCs in India, operate and then transfer the entity back to the parent company - popularly known as the BOT model - after a few years

Orient Cement Q4 results: Profit drops 38.3% to ₹42 cr, revenue slips 7%

Its revenue from operations was down 7.07 per cent to Rs 825.18 crore in the March quarter. It was Rs 888.02 crore in the corresponding period a year ago

JioHotstar hits 200 million subscribers as IPL plays winning knock

This year, Gupta added that views on JioHotstar for live cricket are designed to be deeply immersive, offering a high attention quotient

Long-term plans won't be impacted by trade tariffs, says IndiGo CEO Elbers

The large domestic market, which includes a big untapped segment, will help airlines, the company's Chief Executive Pieter Elbers told PTI in an interaction

Mivi eyes Rs 1K cr revenue in FY26 with expansion plans, geographic scaling

Mivi, which employs over 1,500 people, clocked over Rs 300 crore in revenue in FY25

Hero MotoCorp retains top spot in two-wheeler market with 29% market share

Honda Motorcycle & Scooter India took second spot with sales of over 47,89,283 units

Global energy firm BP bets on NEC-25 for gas surge, credits govt reforms

Its chief executive Murray Auchincloss said India's upstream oil and gas policy overhaul through a new legislation has made several improvements important for foreign investors

India could benefit from free trade in long term: Mercedes India MD & CEO

The free trade, based on low tariffs and reduced trade barriers, has significantly increased international trade benefiting economies and communities, he said

Macrotech acquires 10 land parcels in FY25 for Rs 24K cr housing projects

To expand its business, the company acquires land parcels outright as well as forms partnerships with landowners to develop housing projects

Waste-to-energy firm SAEL aims for public listing within next 12 months

The company is in the process of identifying merchant bankers to manage its maiden public issue

Glenmark, Sun Pharma, Zydus recall products in US over manufacturing issues

As per the US health regulator, Mumbai-based Glenmark is recalling over 25 products in the US market due to Current Good Manufacturing Practice (CGMP) deviations

India needs 'nuclear energy renaissance', US ready to help: Holtec CEO

India and the US have shared strategic interest in clean energy. Nuclear power should be a unifier and India should naturally take the lead there, said the CEO

Apple makes $22 billion worth of iPhones in India as it shifts from China

The ramp-up suggests the iPhone maker and its suppliers are accelerating a pivot to India from China, a process it began when harsh Covid lockdowns hurt production at Apple's largest plant

Bank of India cuts interest rates on short and medium-term FDs

The decision came on Saturday (April 12) after the Reserve Bank of India cut the policy repo rate by another 25 bps to 6 per cent

IOB reduces repo-linked lending rate by 25 basis points following MPC cut

The decision to slash the rates by the apex bank comes amid looming uncertainties after last week's announcement of 27 per cent tariffs on Indian imports to the US by President Donald Trump

HAL denies finalising PwC for R&D benchmarking, says no firm chosen yet

The clarification comes in response to some social media posts claiming that it has selected PricewaterhouseCoopers (PwC) for the task

Ashiana Housing Q4 bookings down 33% to ₹575 cr; FY25 sales at ₹1,937 cr

'597 units were booked in Q4 of FY25 vis-a-vis 451 units booked in Q3 of FY25 and 628 units booked in Q4 of FY24,' Ashiana Housing said in a regulatory filing on Friday

GAIL India seeks up to 26% stake in US LNG project, 15-year gas deal

India's largest gas distributor GAIL has invited initial bids from companies as it seeks to buy equity in an existing LNG liquefication project or a new project that would be commissioned by 2030