Page 459 - Company News

HUL announces demerger of Kwality Wall's ice cream biz into listed entity

Hindustan Unilever Limited has approved the demerger of its ice cream business, Kwality Wall's, which will become a separately listed entity, with shareholders receiving shares in the new company

Lenders to Go Air expect recovery in H1FY26, collateral assessment underway

Conducting diligence on collateral, including land

India's hiring up 31% in Dec, led by consumer electronics, manufacturing

According to foundit insights tracker (fit), the country's hiring activity rose 12 per cent over the past six months, with a 31 per cent year-on-year increase in recruitment in December

Netflix, Prime Video, Disney+ Hotstar lead India's 2024 streaming trends

Prime Video and Netflix dominate Hindi content, while Disney+ Hotstar excels in regional shows. Ormax's 2024 report highlights the rise of regional hits and global franchises in India's OTT space

NIIT MTS Q3 results: Net profit increases 9% to Rs 61.7 cr, revenue up 7%

Revenue from operations for the quarter under review came in at Rs 418.8 crore, up 7 per cent, from Rs 391.3 crore in the corresponding period of the previous fiscal

Oyo plans to add 500 hotels in religious hubs across states in 2025

The announcement comes at a time when religious tourism in the country is booming and the government has launched several initiatives that aim to improve infrastructure at tourist sites

Tata Communications Q3: Profit rises 424% at Rs 236 cr, revenue up 3.8%

Tata Communications' revenues from operations stood at Rs 5,798 crore for the quarter ending December 2024, registering a growth of 3.8 over Rs 5,587.78 crore reported during the same quarter in 2023

Appliances, display biz to add 50% to India topline in 3 yrs: Samsung

The current penetration of consumer electronic products in India is still low, a major market for the South Korean Chaebol

ONGC gets GST demand and penalty notice amounting to Rs 6.72 crore

The tax demand includes a penalty amount of Rs 2.54 crore, the company said

Get smartphones home delivered in 10 mins: Blinkit's latest q-commerce deal

Blinkit CEO Albinder Dhindsa said the q-commerce platform has partnered with Xiaomi and Nokia to deliver their bestselling range in parts of Delhi NCR, Mumbai, and Bengaluru

HCLTech to inaugurate new facility in Hyderabad, to create 5,000 more jobs

With the addition of the new center, its footprint will span five centers across the city with a capacity of 8,500 seats, the release added

NRAI plans legal action against Zomato, Swiggy over 10-min delivery apps

Both Zomato and Swiggy have defended their quick delivery services and are working to dispel fears of data exploitation

IDBI Bank disinvestment progresses, due diligence begins, to end by H1FY26

The Union government and Life Insurance Corporation jointly hold a 95 per cent stake in IDBI Bank, of which they are selling 60.72 per cent

Blue Energy to invest Rs 3,500 cr to set up Maharashtra electric truck unit

The proposed projects are slated to commence in the next financial year, Blue Energy Motors said

Explained: Why are the Lodha brothers fighting over the family brand name?

Abhishek and Abhinandan Lodha are locked in a legal battle over the use of the family name for their businesses. Abhishek has accused his brother Abhinandan of trademark infringement

Reliance Consumer acquires SIL, gears up to challenge HUL, Tata in FMCG

Reliance Consumer Products is acquiring SIL's brands from Food Service India to strengthen its presence and directly compete with industry giants like HUL and Cremica

Zepto set to raise IPO size to $800 mn-$1 bn, targets $5.5 bn sales by FY26

Zepto aims for 40 per cent domestic shareholding before its IPO; it is merging its Singapore parent with an Indian entity to relocate its domicile to India

GX Group bats for scheme to manufacture telecom equipment indigenously

GX Group CEO Paritosh Prajapati said that it's time for the government to give a boost to electronic components as well to enhance value addition in the telecom gears

Inside Netflix's price hike strategy: Why subscribers will pay more in 2025

Netflix has raised subscription prices in select markets including the US, Canada, and Argentina, citing investments in content. The price hike follows strong subscriber growth

Q3 results today: HUL and HDFC Bank among 50 to post earnings on Jan 22

Q3FY25 company results, January 22: HUL, HDFC Bank, Tata Communications, NIIT, Heritage Foods, and IIFL Wealth Management will release their financial reports for the October-December quarter today