Page 738 - Company News

Apple hits record high after Morgan Stanley calls stock 'top pick'

Apple's shares, which have jumped nearly 20 per cent this year, rose to $236.30, giving the company a market value of $3.62 trillion, the highest in the world

SpiceJet posts net loss for sixth consecutive year amid ongoing cash crunch

SpiceJet said that due to its operational and financial position, it has deferred payments to various parties, including lessors, vendors, and statutory authorities

Rays Power Infra receives projects worth Rs 833 cr in June quarter

Rays Power Infra is a turnkey solar engineering, procurement and construction (EPC) services player

SpiceJet posts 6-fold jump in profit to Rs 119 cr for March quarter

For the full fiscal 2023-24, the airline posted a loss of Rs 409.43 crore against a loss of Rs 1,503 crore in FY 23, as per the filing

IPO-bound Swiggy announces fifth ESOP liquidity programme worth $65 million

So far, the company has cumulatively enabled over Rs 1,000 crore of ESOP liquidity over the five events, benefiting over 3,200 employees

Lupin divests women's health specialty biz in US to Evofem Biosciences

Company says divestment aligns US specialty business with therapeutic areas like respiratory, neurology

SAR Televenture looking to raise Rs 450 cr through rights issue and FPO

'Existing shareholders will get one rights share for one equity share held as on record date July 9, 2024,' the company announced

HUL to sell Pureit to A. O. Smith for an enterprise value of $72 million

The acquisition of Pureit is expected to close by the end of 2024 and is not expected to have a material impact on earnings in the first year, A. O. Smith said in its release

Sembcorp Industries sets ball rolling for Rs 36,000 crore TN project

TCMPL will design all the elements of the facility by providing highly specialised engineering services

AMD and IIT-B join hands to support semiconductor startups in India

The startups will work on devising ways to significantly reduce the energy consumption utilised by conventional neural networks

Varun Beverages to set up production units for PepsiCo in Zimbabwe, Zambia

The company plans to set up manufacturing units in Zimbabwe and Zambia entailing an investment of USD 7 million (around Rs 60 crore), according to a regulatory filing by Varun Beverages Ltd (VBL)

BCD group bags order worth Rs 184 cr for housing project in Bengaluru

The housing project 'Ramsons Trendsqure East Park Residences' has a 1.5 million square feet area

Vedanta's Hindustan Zinc contributes Rs 13,195 cr to exchequer in FY24

Over past five years, Hindustan Zinc has consistently contributed an average of approximately Rs 3,250 cr annually to state of Rajasthan in form of royalties, contributions to DMF, and other levies

Waaree Renewable Technologies receives Rs 90 cr solar power project

The project is scheduled to be completed in ongoing financial year 2024-25, Waaree Renewable Technologies Ltd (WAAREERTL) said in an exchange filing

Zomato increases platform fee to Rs 6 in Delhi, Mumbai, Bengaluru

Its rival Swiggy, which had also increased the platform fee in select cities on Sunday, reverted to charging Rs 5 per order on Monday in Delhi, Mumbai and Bengaluru, as shown on its app

Adani-Hindenburg row: SC quashes plea seeking review of Jan 3 verdict

The review petition was considered by the judges in chamber

Airbus expects China, India to drive jet sales in next two decades

Carriers in India have loaded up on new plane orders as demand for flying soars with a growing middle class

Veerhealth Care expects Rs 100 crore revenue in upcoming 2-3 years

In February 2024, the company has announced its expansion plans with a proposed investment of Rs 33 crore

Zomato's Deepinder Goyal enters elite billionaire club amid stock surge

Zomato's stock hit a new high on Monday, pushing its market cap over Rs 1.8 trillion, making Deepinder Goyal India's richest professional manager with Rs 8,300 crore net worth

Swiggy, Zomato increase platform fee to Rs 6 per order for revenue boost

Initially introduced in Bengaluru and Delhi, the fee implemented by Swiggy and Zomato is distinct from delivery charges, GST, restaurant fees, and other expenses associated with orders