Page 577 - Company News
NLC India Q2 results: PAT declines 9.5% to Rs 982 cr on higher expenses
NLC India Ltd (NLCIL) had posted a consolidated profit of Rs 1,085.93 crore in the year-ago period, NLC India Ltd said in a regulatory filing
 "NLC India Q2 results: PAT declines 9.5% to Rs 982 cr on higher expenses")
Swiggy introduces 'Swiggy Seal' during the festive season; what is this?
The Swiggy Seal, a badge for restaurants upholding strict hygienic standards, is introduced by Swiggy. Currently based in Pune, the project will eventually expand to more than 650 Indian locations
 "Swiggy introduces 'Swiggy Seal' during the festive season; what is this?")
Swiggy unveils 'International Logins' for NRIs from 27 countries
The International Logins feature enables those residing outside India with international numbers to transact on Swiggy Food, Swiggy Instamart, Swiggy Dineout and Swiggy Genie
Eris Lifesciences Q2 results: Net profit declines 20% to Rs 97 crore
The drug firm had reported a Profit After Tax (PAT) of Rs 122 crore in the July-September period of last fiscal
Mercedes pledges cost cuts after earnings halve; blames weak China demand
The stock has lost around 8% year to date, underperforming Germany's benchmark DAX index but still faring better than Volkswagen, BMW, and Porsche AG
 "Mercedes pledges cost cuts after earnings halve; blames weak China demand")
Manufacturers adopting AI, robotics to boost sustainable biz practices: PwC
Additionally, 52 per cent of top executives at leading manufacturing companies are allocating investments this year towards building a culture of lifelong learning
 "Manufacturers adopting AI, robotics to boost sustainable biz practices: PwC")
Qualcomm confident in device ecosystem to support 600-MHz spectrum services
According to market research and analysis firm Counterpoint Research, Qualcomm led the chipset segment globally with 38 per cent in terms of revenue share in the second quarter of 2024
 "Qualcomm confident in device ecosystem to support 600-MHz spectrum services")
Swiggy's new feature to let NRIs order food, groceries, gifts in India
This permanent feature allows international users to not only order food but also access Instamart, Swiggy's quick commerce platform, and make table reservations via Dineout
SpiceJet resolves $4.5 mn dispute with Shannon Engine support for $2 mn
SpiceJet's series of settlements follows its successful Rs 3,000 crore fundraise in September through a Qualified Institutional Placement
 "SpiceJet resolves $4.5 mn dispute with Shannon Engine support for $2 mn")
L&T locks key contract for world's largest nuclear fusion project in France
While the exact worth of the deal was not disclosed but the order was marked as 'significant', which the L&T uses to describe orders valued between Rs 1,000 crore and Rs 2,500 crore
 "L&T locks key contract for world's largest nuclear fusion project in France")
HPCL Q2 results: Net profit slumps 98% on fall in refining, fuel margin
Net profit also declined sequentially, when compared to an earning of Rs 633.94 crore in the April-June period
 "HPCL Q2 results: Net profit slumps 98% on fall in refining, fuel margin")
Deloitte, EY cut staff in UK amid decline in demand for advisory services
Deloitte recently laid off around 250 advisory staff members in the UK, while EY's annual report on Thursday revealed a reduction of 2,450 employees over the past fiscal year, a first in 14 years
 "Deloitte, EY cut staff in UK amid decline in demand for advisory services")
Godrej Properties buys 7.5-acre land in Gurugram for housing project
These projects are estimated to generate a total revenue of Rs 22,950 crore
 "Godrej Properties buys 7.5-acre land in Gurugram for housing project")
CDSCO flags 4 drugs as spurious and 48 as not of standard quality
The apex drug regulatory body also listed 48 drugs and formulations, manufactured by 40 companies, as not of standard quality (NSQ)
 "CDSCO flags 4 drugs as spurious and 48 as not of standard quality")
AI compute capabilities to be available by June 2025: MeitY additional secy
The empanelled agencies include sites and firms such as data centres, startups, and cloud service providers
 "AI compute capabilities to be available by June 2025: MeitY additional secy")
India Inc Q2FY25 revenue growth seen at 5-7%, slowest in 4 yrs: CRISIL
The analysis shared by CRISIL is based on 435 companies that account for almost half of the listed market capitalisation, which reported an 8.3 per cent growth in the April-June quarter
 "India Inc Q2FY25 revenue growth seen at 5-7%, slowest in 4 yrs: CRISIL")
Vistara planes to replace Air India's on metro-to-metro routes after merger
Vistara will be merged into Air India on November 11. However, the duty rosters of cabin crew members of Air India and Vistara will continue to remain different for some time
 "Vistara planes to replace Air India's on metro-to-metro routes after merger")
Power Grid Corporation, Indian Bank raise Rs 5,000 crore each in single day
Both the bond issues have been rated "AAA" by domestic rating agencies.
 "Power Grid Corporation, Indian Bank raise Rs 5,000 crore each in single day")
Foxconn buys Rs 267 cr worth equipment to make iPhone 16 Pro in India
According to reports, the procurement has been done to add capacity in Foxconn's Tamil Nadu unit for manufacturing iPhone 16 Pro series smartphones
 "Foxconn buys Rs 267 cr worth equipment to make iPhone 16 Pro in India")
Project stalling rate eases to 12-year low; sharper decline for pvt sector
Private-sector capex may face headwinds from a growth slowdown, suggested independent market expert Ambareesh Baliga
 "Project stalling rate eases to 12-year low; sharper decline for pvt sector")