Page 948 - Company News
Focusing on competitive growth in India, expects price cut, says Unilever
In terms of volume, India is the biggest market for the Anglo-Dutch FMCG major firm
 "Focusing on competitive growth in India, expects price cut, says Unilever")
Nestle investing Rs 6,000-6,500 cr to expand manufacturing in India: CMD
From its inception here to 2020, Nestle India has invested Rs 7,000 crore but the investment in the last five years by the company is more than what it had done in the last 20-25 years, he said
 "Nestle investing Rs 6,000-6,500 cr to expand manufacturing in India: CMD")
TCS to enhance Enento Group's IT infrastructure, digital workplace
As a part of the partnership, TCS will help Enento simplify its operating model and harmonise its technology stack by leveraging TCS' technology solutions
 "TCS to enhance Enento Group's IT infrastructure, digital workplace")
60% of scam cases in UK came from Facebook, Instagram, says Revolut
The London-based fintech found 60% of UK scam cases came from Facebook, Instagram and WhatsApp, dwarfing other platforms and frauds conducted by telephone
 "60% of scam cases in UK came from Facebook, Instagram, says Revolut")
Zee's IL T20 gets 46% women viewers, 2nd most watched franchise tournament
The company has reported an uptick of 12 per cent among 15+ urban audiences in India compared to the inaugural edition
 "Zee's IL T20 gets 46% women viewers, 2nd most watched franchise tournament")
Central Bank, JC Flowers ARC join race to bid for Future Enterprises
Bidders interested in two insurance joint ventures
 "Central Bank, JC Flowers ARC join race to bid for Future Enterprises")
Sumadhura Group leases warehousing space to Zomato in Bengaluru
Sumadhura Logistics Park marks the company's entry into the ever-expanding logistics sector, catering to the growing demand for top-notch warehousing solutions in Bengaluru and surrounding areas
 "Sumadhura Group leases warehousing space to Zomato in Bengaluru")
JB Pharma CEO attributes 3.5% of company's growth to new introductions
Chopra said company grows at 16% compared to Indian pharma market growth of 8%
 "JB Pharma CEO attributes 3.5% of company's growth to new introductions")
Zomato leases its largest warehousing space in the country in Bengaluru
The warehousing space spans 300,000 square feet and is located at Bengaluru's Hoskote
 "Zomato leases its largest warehousing space in the country in Bengaluru")
ONDC merchants expected to multiply in coming year: MD & CEO Koshy
He further said that ONDC witnessed 67 lakh transactions in January, and he expects a 20-30 per cent growth in monthly transactions going forward
 "ONDC merchants expected to multiply in coming year: MD & CEO Koshy")
British American Tobacco signals ITC stake disposal, shares soar 7%
The maker of Dunhill and Lucky Strike cigarettes disappointed investors when it opted against a fresh buyback programme last year to focus on reducing debt and investing in new products
 "British American Tobacco signals ITC stake disposal, shares soar 7%")
RBI clampdown on Paytm Payments Bank followed persistent non-compliance
"When such constructive engagement does not work or when the regulated entity doesn't take effective action, we go for imposing supervisory or business restrictions," Guv Das said
 "RBI clampdown on Paytm Payments Bank followed persistent non-compliance")
3M India Q3 result: Profit up 8% at Rs 135 cr, smallest rise in 9 quarters
Consolidated profit after tax came increased more than 8% from a year earlier to 1.35 billion rupees (about $16 million) in the third quarter ended Dec 31
 "3M India Q3 result: Profit up 8% at Rs 135 cr, smallest rise in 9 quarters")
Thermax Q3 results: Profit jumps nearly 88% to Rs 237 cr on high revenues
Its consolidated net profit was Rs 126.40 crore in the year-ago period, a BSE filing showed
 "Thermax Q3 results: Profit jumps nearly 88% to Rs 237 cr on high revenues")
LG Energy plans to sell batteries to more electric scooter makers in India
LG Energy's India unit dominates the supply of battery cells to domestic e-scooter makers such as Softbank Group-backed Ola Electric and domestic rival TVS
 "LG Energy plans to sell batteries to more electric scooter makers in India")
Lenovo to expand manufacturing capacity, begin laptop exports in 2 years
At present, Lenovo's mobile phone division Motorola exports devices from India. The company has a laptop manufacturing unit in Chennai from where it meets 35 per cent of its India sales requirement
 "Lenovo to expand manufacturing capacity, begin laptop exports in 2 years")
Central Depository Services India to inspect Paytm Money's KYC process
Central Depository Services India (CDSL) may initiate inspection into Paytm Money's customer verification protocols following RBI's directives and regulatory actions against Paytm Payments Bank
 "Central Depository Services India to inspect Paytm Money's KYC process")
Essar to speed up CBM plans; to raise output to 5 mmscmd in 3-4 years
The company, which has already invested around Rs 5,000 crore in developing the Raniganj block, is looking to invest another Rs 2,000 crore
 "Essar to speed up CBM plans; to raise output to 5 mmscmd in 3-4 years")
Lenovo anticipates surge in PC demand fueled by AI, Windows 11 in H2 FY25
Lenovo is among the 27 companies eligible for IT hardware production linked incentive (PLI) scheme in India
 "Lenovo anticipates surge in PC demand fueled by AI, Windows 11 in H2 FY25")
A year after Hindenburg report, Adani's fortune hits $100 billion again
The Indian mogul has regained much of his wealth after a short-seller attack sent it plunging in early 2023. On Wednesday, Adani's net worth climbed $2.7 billion to $100.7 billion
 "A year after Hindenburg report, Adani's fortune hits $100 billion again")