Page 3642 - Company News

Bajaj Finserv reports flat net profit growth in Q1; total income rises 40%

Total Income grew by 40 per cent year-on-year, though profitability of life and general insurances business dragged the overall show

Monsoon delay hits sales of agri input companies in June quarter

Both seed and agrochemicals businesses remain muted on slow progress of rainfalls

CAIT demands action against M S Dhoni for endorsing realtor Amrapali

Forensic auditors have told SC that Amrapali Group had entered into "sham agreements" with Rhiti Sports Management Pvt Ltd (RSMPL), which promotes brand of Dhoni, to illegally divert home buyers money

SPI Cinemas adds flair to PVR's Q1 script; revenue up 26% at Rs 880 cr

Reported topline jumped 26 per cent, but net profit down 69 per cent due to change in accounting norms and weak show by key segments

Tata Motors Q1 loss nearly doubles to Rs 3,680 cr on lower JLR sales

This is its fourth loss in five quarters, with sales volume down 21 per cent over the year-ago period

Bajaj Finance: Growth, asset quality issues resurface after a long hiatus

Management is tightening its underwriting practices in select segments of lending as a measure of prudence, which may dent growth in the coming quarters

NCLT stays its own order to prosecute IL&FS auditors for four weeks

Staying its own order of July 18, the Mumbai NCLT gave 10 days to Udayan Sen and Kalpesh Mehta of Deloitte, and Sampath Ganesh of BSR Associates to file an appeal

NCLT approves Patanjali's revised Rs 4,350-cr bid to take over Ruchi Soya

The tribunal also asked the resolution professional to furnish the actual cost of the entre resolution process

Tanishq bets big on a differentiated brand play, looks to stay relevant

Changing customer attitudes have driven the market into uncertain times and for Titan's band of jewellery labels, this has meant drawing separator lines more sharply within the portfolio

Setback for ArcelorMittal: Caymans court denies freeze on Essar Global Fund

ArcelorMittal has mounted legal battles against the Ruia family in multiple countries in an effort to enforce a $1.5 billion US arbitration award it had won in December 2017

Quick service restaurants feel slowdown pangs for second straight quarter

It was in Q4 that the two listed players, who run Domino's and McDonald's stores in India, respectively, first saw single-digit SSG in the 5-6 per cent range after five quarters of double-digit growth

Reliance Industries looks to turn around domestic upstream business

In June, RIL, along with its partner BP Plc, announced the sanction of the MJ project in Block KG-D6 on the eastern coast of India

Social media messages can be tracked: IIT-Madras professor to High Court

Kamakoti said it was technically possible to add an identification tag to messages

Biocon Q1 net profit rises 72% to Rs 206 crore; total income up 25%

Net profit, excluding exceptional item, stood at Rs 223 crore reporting growth of 86 per cent

Kia Motors to roll out Seltos on July 31 from Andhra Pradesh plant

Earlier in January, the worlds eighth largest automaker, began the trial production of Kia Seltos, and within six months the final product is ready

WhatsApp will roll out payments service in India this year: Will Cathcart

He said that after increasing its business usage, especially with small entrepreneurs, the next step was "to provide payments to all of our users"

Xiaomi's offline market share jumps to 20%; forays into Rs 25K category

On the back of Mi Homes and partner stores, share up from 0.5% in Q1 2017 to 20% by Q4 2018

BMW launches flagship sports X7 model in India, prices start at Rs 99 lakh

BMW India said it will locally produce diesel variant of X7 from its Chennai plant while importing the petrol version as a completely built-up unit

Coal India clears over 44% rake backlog to non-power sector consumers

Company sources estimate that this entire backlog of rake allocation can be cleared in the next 3-4 months

World Bank investment arm to channel $200 mn into Shriram Transport Finance

The proceeds will be used for lending to small road transport operators and MSMEs in rural and semi-urban areas in low-income states