Page 944 - Company News

Expect some impact on costs due to ongoing Red Sea crisis: Maruti Suzuki

The lead time of dispatches might change, and there may be some uncertainty in vessels coming and picking up their consignments, among others, he noted

Israel's Tower Semiconductor proposes $8 bn chip plant in India: Report

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said

Red Sea crisis disrupts Audi India's supply chain, firm eyes recovery soon

Container vessels have been facing attacks in the Red Sea, one of the most important trade routes in the world, since November last year following Israel's war against Hamas

Jindal-owned JSW plans to produce EVs in Rs 40,000 cr investment push

Sajjan Jindal keen to produce Made in India electric car/CVs

LIC expects income tax refund of Rs 25,464 cr in Q4, says chairman

The state-owned insurer last week reported a 49 per cent jump in net profit to Rs 9,444 crore for the third quarter ended December 2023 against Rs 6,334 crore in the year-ago period

LIC's VNB margin growth higher than private life insurers in Q3 FY24

VNB is a measure of the economic value of the profits expected to emerge from new business. VNB margin is the profit margin of the companies

HMD unveils strategy to recover lost ground in Indian smartphone market

But company executives clarified that it will continue to make Nokia phones and move to a multi-brand strategy across the globe

Zomato summoned over 'false practice' of food from 'iconic restaurants'

It was 'inexplicable' how Zomato managed delivery from Delhi's iconic restaurants to locations in Gurugram and Noida within 30 minutes, it added

Apollo Hospitals targets over 15% topline growth per annum till 2030

On the hospital front, AHEL aims to boost volume growth across key specialties such as cardiology, oncology, and neurosciences.

Govt reviewing FDI flow from China in Paytm Payments Services: Report

One97 Communications Ltd has investment from Chinese firm Ant Group Co

Xiaomi says India's scrutiny of Chinese firms unnerves suppliers: Report

In the letter, Xiaomi India President Muralikrishnan B. said India needed to work on 'confidence building' measures to encourage component suppliers to setup operations locally

Prosus-backed PayU's India playbook: Focus driven by fintech opportunity

PayU CEO Anirban Mukherjee said the company was adopting an 'India-centric' approach, which was driven by the inherent advantages the country offered compared to other markets

EaseMyTrip announces 5-star hotel in Ayodhya, expects 10x growth in tourism

The co-founder of EaseMyTrip further said that as the hospitality landscape evolves, EaseMyTrip is dedicated to delivering unparalleled travel experiences and improving India's tourism infrastructure

IT services firm Sonata Software bets on European market to drive growth

The telecommunications sector, a segment of the Technology, Media, and Telecom (TMT) vertical, contributed 31 per cent to the company's revenue

With second PLI certification, IPO-bound Ola Electric eyes 13% subsidy

Ola Electric is the only two-wheeler electric company to receive a nod as incumbents struggle with localization standards

'Godrej Properties to beat FY24 guidance, sale bookings to hit Rs 18k cr'

The real estate arm of Godrej Group had sold properties worth Rs 12,232 crore in 2022-23 and had given sales guidance of Rs 14,000 crore for the current fiscal

APSEZ secures top rank in climate actions, environmental performance

The assessments were done by CDP, S&P, Sustainalytics and Moody's

Inox Wind eyes profit in coming quarters amid market upswing: INOXGFL

On Friday, Inox Wind posted a consolidated net profit of Rs 1.81 crore for the October-December 2023 period after reporting a back-to-back loss for the last five years

Rs 750 cr stuck in Qatar projects due to delays in payments: Voltas CEO

MEP (mechanical, electrical, and plumbing) contractor Voltas has completed the projects in Qatar and handed them over as per the contract. However, its bills are not getting certified and paid

Yatharth Hospital to acquire Faridabad-based Fidelis hospital for Rs 116 cr

Yatharth Hospital added that the bed capacity will be expanded to 200 to 220 beds post acquisition