Page 943 - Company News
Skipper Q3 results: Profit rises two-fold to Rs 20 cr on higher income
Kolkata-based Skipper is one of the leading companies in power transmission and distribution and the polymer segment
 "Skipper Q3 results: Profit rises two-fold to Rs 20 cr on higher income")
GlaxoSmithKline Pharma Q3 results: Profit declines 72% to Rs 46 crore
Total income increased to Rs 833 crore for the third quarter of the current fiscal as compared with Rs 826 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a statement
 "GlaxoSmithKline Pharma Q3 results: Profit declines 72% to Rs 46 crore")
Apple leads tablet PC market with 25% share in 2023, Samsung at second spot
Samsung was at the second spot with a 23 per cent market share in 2023, market research firm CyberMedia Research said on Monday
 "Apple leads tablet PC market with 25% share in 2023, Samsung at second spot")
RBI to issue FAQs on Paytm Payment Bank to address customers' concerns
In a major action against Paytm Payments Bank (PPBL), RBI, on Jan 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after Feb 29
 "RBI to issue FAQs on Paytm Payment Bank to address customers' concerns")
Fulcrum Digital plans to hire 700 professionals across tech domain in 2024
New York-based Fulcrum Digital offers software products, services, and solutions to varied industries. It has offices in the US, Latin America, Europe, and India
 "Fulcrum Digital plans to hire 700 professionals across tech domain in 2024")
EY added $700 million in extra debt for failed spinoff costs: Report
Borrowing at the accounting firm more than tripled from a year earlier to $983 million as of June 30, 2023, as it expanded an existing floating credit rate facility and took out a new one
 "EY added $700 million in extra debt for failed spinoff costs: Report")
Bridgestone appoints Hiroshi Yoshizane as head of India operations
He succeeds Stefano Sanchini, who will be moving into the role of VP of Consumer Replacement for Europe, Bridgestone India said
 "Bridgestone appoints Hiroshi Yoshizane as head of India operations")
Blinkit introduces 'Single Mode' for solo shoppers ahead of Valentine's Day
New feature caters to both singles and couples with curated product selections and an on/off button to switch between the two
Navi Finserv plans to raise up to Rs 600 cr via bond issue to fund growth
The total issue size includes a green shoe option of up to Rs 300 crore to retain oversubscription
 "Navi Finserv plans to raise up to Rs 600 cr via bond issue to fund growth")
Yatharth Hospital acquires Faridabad-based Asian Fidelis for Rs 116 crore
"This acquisition aligns with our company's strategy of expanding its footprint in the North India region," Yatharth Hospitals whole-time director Yatharth Tyagi said in a statement
 "Yatharth Hospital acquires Faridabad-based Asian Fidelis for Rs 116 crore")
Sky's the limit: Maruti Suzuki ventures into electric air copters
Maruti Suzuki unveils plans for SkyDrive, electric air copters that bridge the gap between drones and helicopters and may offer ride-sharing services with easy rooftop take off
 "Sky's the limit: Maruti Suzuki ventures into electric air copters")
Vedanta's demerger process to be completed in next 9-12 months: Official
In an interview to PTI, John Slaven, CEO of aluminium business of Vedanta, said, "We are working very actively in securing the successful demerger of the aluminium business."
 "Vedanta's demerger process to be completed in next 9-12 months: Official")
Signature Global to develop housing project in Gurugram as demand surges
Signature Global Chairman Pradeep Aggarwal said the potential sales realisation would be around Rs 4,500 crore in this upcoming project
 "Signature Global to develop housing project in Gurugram as demand surges")
Paytm confirms resignation of Payments Bank director Manju Agarwal
Manju Agarwal resigned from the board of Paytm Payments Bank on Feb 1 due to personal commitments, the company said in an exchange filing
 "Paytm confirms resignation of Payments Bank director Manju Agarwal")
Cash-strapped SpiceJet to lay off 1,400 employees as cost-cutting measure
As part of cost-cutting measures aimed at sustaining investor interest, SpiceJet will reduce around 15% of its workforce
 "Cash-strapped SpiceJet to lay off 1,400 employees as cost-cutting measure")
Paytm secures merchant support, guarantees uninterrupted services
Paytm said its merchant partners can continue to benefit from solutions like Paytm QR codes, Soundbox, and card machines, just as before
 "Paytm secures merchant support, guarantees uninterrupted services")
TCS mcap share in Tata group falls below 50%, a first in more than a decade
The rally in the Tata stocks has been by smaller companies while Tata Consultancy Services (TCS) - the biggest company in the group by market capitalisation- has been a laggard
 "TCS mcap share in Tata group falls below 50%, a first in more than a decade")
Investigation of tax evasion by WSP India in progress: IT Dept tells HC
WSP Consultants India, a professional services firm, offers technical and strategic advisory services in various engineering and infrastructure sectors
 "Investigation of tax evasion by WSP India in progress: IT Dept tells HC")
Indian Biogas Association to investment Rs 30K cr for import reduction
Biogas Association Chairman Gaurav Kedia pointed out that there are obstacles to procurement, such as unappealing economics, which makes farmers prefer to burn rather than sell off the field straw
 "Indian Biogas Association to investment Rs 30K cr for import reduction")
Cairn to begin drilling across 4 blocks in Assam next month: Deputy CEO
Despite a lack of good quality rigs in the market, Cairn has enough options, he says
 "Cairn to begin drilling across 4 blocks in Assam next month: Deputy CEO")