Page 710 - Company News

Brigade Enterprises likely to stand tall on robust launch pipeline

FY24 saw a strong show in all its key segments - residential real estate, rentals and hospitality

Apple achieves record revenue in India, Mac sales rise: CEO Tim Cook

Apple CFO Luca Maestri further highlighted the strong performance for Mac products in emerging markets, including India, during the call

Lotte India, Havmor announce merger; aim to achieve sales of Rs 6K cr

This expansion will help extend the company's regional coverage from the west to the south-central regions of India

Myntra CEO Sinha gets additional responsibility to lead Flipkart Fashion

Arief Mohamad, the vice president and head of Flipkart Fashion, is leaving the e-commerce company after spending nine years at the firm, according to sources

Sri Lanka Supreme Court sets Oct 14 for Adani wind power projects case

Environmental NGOs had filed petitions claiming that the project endangers biodiversity and poses a threat to migratory birds

Tata Steel, Welspun jointly develop hydrogen-compliant grade steel pipes

In 2022, Tata Steel and Welspun Corp entered into a memorandum of understanding (MOU) to develop hydrogen-compliant API-grade pipes through the ERW Pipe route

GST demand order for Eicher Motors reduced to Rs 27 crore on appeal

Eicher Motors on Friday said a GST demand order by tax authority in Tamil Nadu has been reduced to Rs 26.97 crore from an original sum of Rs 129.79 crore upon appeal.

Hyundai, others lobby UP against hybrid support as Toyota rivalry deepens

Four separate company letters to Uttar Pradesh highlight the rivalry between automakers in a country where taxation is skewed in favour of EVs

Ola Electric's $734 million IPO to fetch nearly $100 mn to Hyundai Motor

Hyundai Motor Company's 108.8 million equity shares or 2.95% stake is valued at $99 million at the highest price band of Rs 76 per share

Black Box promoters to raise Rs 410 cr via preferential issue of warrants

When warrants are converted into equity, promoter shareholding will decrease marginally

Air India suspends Tel Aviv flights until Aug 8 amid Middle East tensions

Air India said that it is continuously monitoring the situation and extending support to passengers with confirmed bookings

TVS Mobility, Mitsubishi Corp sign deal for employee exchange programme

MC Japan will host employees from TVS Mobility and train them in automotive and mobility sectors

Byju's lender asks court not to quash insolvency proceedings against firm

Glas Trust says Byju and his brother Riju used money owed to lenders to clear the Indian cricket board's dues and that the insolvency proceedings should continue

Sony and Tata Play clash over removal of channels, legal action considered

Tata Play cited declining popularity and cost savings for consumers as reasons for the removal of Sony channels, while Sony claims this to be retaliation from the DTH operator

SpiceJet passengers stranded at Dubai airport due to flight cancellations

Around 10 SpiceJet flights, which were to be operated to various Indian cities from Dubai, were cancelled due to non-payment of dues

Apple sets revenue record driven by strong sales in India, beats estimates

Apple CEO Tim Cook announced that the company achieved a new revenue record in its fiscal 2024 third-quarter ending June 29, over two dozen countries, including India

Meesho onboards Hari Bhartia, three others as independent directors

Along with Bhartia, Meesho has onboarded former JP Morgan Chairman Kalpana Morparia

Apple pins hopes on AI for iPhone upgrades as China sales dwindle

Apple said revenue in its fiscal fourth quarter would grow at a level similar to the 4.9% increase it posted in the April-June period

Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn

Cognizant has revised its full-year revenue growth guidance for FY24 from $19.3 billion to $19.5 billion, representing a growth of -0.5% to 1%

Steelmaker ArcelorMittal's Q2 core earnings slide but ahead of expectations

Steel prices in Europe and the US are below the marginal cost of production and excess output from China has resulted in very low domestic steel spreads and aggressive exports