Page 712 - Company News
MTNL seeks Rs 1,151.65 cr for sovereign guarantee bonds interest in FY25
The minister was replying to a question on demands of funds by MTNL from the government to pay interests on debt obligations
 "MTNL seeks Rs 1,151.65 cr for sovereign guarantee bonds interest in FY25")
India's hospitality sector to see strong tailwinds, says Thomas Cook MD
The company reported a consolidated net profit of Rs 73.13 crore during the first quarter ended June 30, marginally up from Rs 70.93 crore a year ago, according to a regulatory filing
 "India's hospitality sector to see strong tailwinds, says Thomas Cook MD")
Bank of Baroda to recover Rs 10K cr from bad loans in FY25, says CEO
Bank of Baroda recovered Rs 1,005 crore from bad debt in April-June, of which a major portion was small-ticket loans, the chief executive said
 "Bank of Baroda to recover Rs 10K cr from bad loans in FY25, says CEO")
Apple iPhone shipments drop 14% amid rising competition; value share falls
Amid intensifying market competition, Apple iPhone shipments in India dropped 14 per cent year-on-year and the value share of the brand slipped to third place behind Samsung and Vivo
 "Apple iPhone shipments drop 14% amid rising competition; value share falls")
Pharma firm Rubicon Research files draft papers for Rs 1,085-cr IPO
The company proposes to utilise proceeds from the fresh issue to the tune of Rs 310 crore for payment of debt
 "Pharma firm Rubicon Research files draft papers for Rs 1,085-cr IPO")
Adani's Super app launches digital lending trials with fintechs and NBFCs
Launched in December 2022, 'Adani One' app provides users with a variety of services, such as cab services, flight bookings, shopping at Adani-operated airports, and rewards redemptions
 "Adani's Super app launches digital lending trials with fintechs and NBFCs")
Indigo faces backlash for cheerful tone on flight disruptions in Delhi rain
Indigo Airlines refers to flight delays caused by heavy rainfall as a 'special announcement straight from the heavenly skies' - netizens react
 "Indigo faces backlash for cheerful tone on flight disruptions in Delhi rain")
SoftBank-backed Unicommerce sets IPO price band at Rs 102-108 per share
The company's maiden public issue will open for subscription on August 6 and conclude on August 8
 "SoftBank-backed Unicommerce sets IPO price band at Rs 102-108 per share")
FirstCry to raise $501 million in IPO, targets valuation of $2.9 billion
It said it will use the proceeds from the offering to fund acquisitions, international expansion and set up new stores
 "FirstCry to raise $501 million in IPO, targets valuation of $2.9 billion")
Dixon Technologies to open new Chennai facility for top notebook brands
The company is on a high growth path driven by a significant increase in manufacturing volumes for Motorola and Xiaomi. The new facility in Chennai plant is expected to be operational by Q4FY25
 "Dixon Technologies to open new Chennai facility for top notebook brands")
Byju's ex-director fined $10,000 per day over missing $533 million
The missing cash belongs to a bankrupt shell company, Byju's Alpha Inc., which is affiliated with Think & Learn and was taken over by the lenders after their loan defaulted
 "Byju's ex-director fined $10,000 per day over missing $533 million")
Prestige Estates Projects Q1 results: Net profit down 3.4% at Rs 307 crore
The realty firm's revenue from operations stood at Rs 1,862.1 crore in Q1 FY25 against Rs 1,680.9 crore in the corresponding period last year
 "Prestige Estates Projects Q1 results: Net profit down 3.4% at Rs 307 crore")
Mahyco seals joint venture with US' RiceTec for HT rice and wheat
In the case of HT rice, the technology that the JV will commercialize is called 'FullPage' which is a new generation double stack mutant herbicide-tolerant rice technology
 "Mahyco seals joint venture with US' RiceTec for HT rice and wheat")
Amazon claims to deliver 50% of Prime member orders on same or next day
Amazon India has fulfilment centres across 15 states, sortation centres across 19 states working with over 1,950 delivery stations
 "Amazon claims to deliver 50% of Prime member orders on same or next day")
Hiring of freshers by IT companies likely to go off-campus in FY25
HR experts concurred that the fiscal year 2024-25 will be better than the last fiscal. The total intake from campuses for the sector may hover around 100,000-120,000, according to estimates by Xpheno
 "Hiring of freshers by IT companies likely to go off-campus in FY25")
Toyota, Maharashtra set wheels in motion for Rs 20,000 crore plant
Plan to roll out 400,000 electric, hybrid cars a year
 "Toyota, Maharashtra set wheels in motion for Rs 20,000 crore plant")
Karnataka to triple its BioEconomy to $100 billion by 2030: Govt report
The report reveals that the number of startups in the state has surpassed 1,000, with a notable increase in biotech ventures
 "Karnataka to triple its BioEconomy to $100 billion by 2030: Govt report")
Akasa eyes flights to Asia tourist hotspots as overseas travel demand rises
The Mumbai-based budget carrier is gearing up to start flights to Kathmandu in Nepal and Bangladesh's capital Dhaka
 "Akasa eyes flights to Asia tourist hotspots as overseas travel demand rises")
India Inc must utilise govt schemes for job creation: Anand Mahindra
He said the Mahindra group is already working on skill-building programmes to increase technical know-how and female workforce participation
 "India Inc must utilise govt schemes for job creation: Anand Mahindra")
Infosys says it's in full compliance after Rs 32,000 crore GST notice
The company, in a regulatory filing, said that the demand was towards the expenses incurred by its overseas brand offices for the period from July 2017 to March 2022
 "Infosys says it's in full compliance after Rs 32,000 crore GST notice")