Page 691 - Company News

Apple extends iPhone NFC access to developers outside EU with iOS 18.1

Developers interested in utilising the NFC functionality will be required to enter into a commercial agreement with Apple

China's e-commerce giant Alibaba group misses Q1 revenue estimates

Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin

Chinese ecommerce giant JD.com beats estimates for quarterly profit

US-listed shares of the company rose 2.6% in premarket trading.

Motorcycle brand BSA debuts in India; Gold Star 650 priced at Rs 2.99 lakh

The BSA Gold Star 650, which made a comeback in the UK in 2021, is currently being sold in Europe, Turkey, New Zealand, and the Philippines

Bank fraud: ED attaches Rs 678 cr worth land assets of Avantha Group

The assets belong to various group companies of Avantha Group, owned and controlled by businessman Gautam Thapar

Realty firm Kalpataru Ltd files draft papers to raise Rs 1,590 cr via IPO

While a majority of the company's projects are located in the Mumbai Metropolitan Region (MMR) and Pune, Maharashtra, it has two ongoing projects in Hyderabad, Telangana and Noida, Uttar Pradesh

House of Abhinandan Lodha eyes 30% growth in property sales in FY25

Elaborating on the expansion plan, Lodha said that we have launched more than 6,000 plots in the last three years and we plan to launch more than 2,000 plots by the end of this calendar year

Google to expand AI initiatives in India, target language barrier, farming

The tech giant has launched Google Gemini, formerly known as Bard, an artificial intelligence chatbot that supports more than 40 global languages, including nine Indian languages

Signature Global plans to foray in Delhi, Noida property mkts

The CEO also expressed confidence that the company would meet the target of achieving sales bookings of Rs 10,000 crore for this fiscal

MTNL-BSNL service agreement awaits as DoT checks for tax implications

The 10-year service agreement is crucial for MTNL which is struggling with a heavy debt load of Rs 31,944.51 crore as well as facing operational challenges

Air-conditioner makers log two-fold jump in profits amid blistering heat

Voltas also reported achieving the "milestone" of one million units of AC sales in the first quarter of FY25 and its total income crossed the Rs 5,000 crore-mark during the period

After Rs 2.5 LPA job offer, Cognizant grants 1% salary hikes to employees

The annual raises ranged from 1 per cent to 5 per cent at the highest, after the increments were implemented with a four-month delay

Swiggy extends gross value service fee policy to non-metro restaurants

Previously, the service fee, also known as the commission, was calculated based on the net value for restaurants in smaller towns and cities

Meta ignores pleas, kills off misinformation tracking tool CrowdTangle

For years, CrowdTangle has represented an industry best practice for real-time platform transparency, for understanding how disinformation, hate speech, and voter suppression spread on Facebook

Cisco cuts 7% of workforce, as it shifts focus to AI, cybersecurity

Cisco's layoffs come just two weeks after chipmaker Intel Corp announced it would cut about 15,000 jobs as it tries to turn its business around to compete with more successful rivals like Nvidia, AMD

TN takes cue from China: Lines up govt-run industrial housing for Foxconn

This comes at a time when Apple has reportedly lined up a plan to create residential accommodations for 78,000 people, out of which Tamil Nadu is set to receive the highest allocation of 58,000 units

Gujarat govt helping Adani Ports 'secure monopoly', JPC essential: Congress

Before 2024 Lok Sabha Elections, Adani Ports requested Gujarat Maritime Board to extend this concession period by another 45 years to 75 years in total, Congress' Jairam Ramesh, claimed

Valuations, near-term headwinds keep brokerages cautious on Bosch

Sales growth of 4 per cent for the second-largest listed auto parts player by market capitalisation came from the mobility segment

Rescued firms 2.5 times those liquidated in realty sector, shows IBBI data

IBC experts feel that despite the positive trend of more resolutions than liquidations in real estate insolvencies under the IBC, several challenges persist

Hindalco: Q1 performance in line with expectations, outlook positive

In FY25, the management expects capex of Rs 5,500-6,000 crore for India operations and capex of $1.4-2.1 billion for Novelis