Page 949 - Company News

Haven't seen rural growth similar to past decade: Britannia's Varun Berry

During the quarter, the food major also implemented price reductions and introduced consumer promotions for its key brands

Relationship with Virat Kohli long-standing, continues: Puma India MD

Rejecting the reports that Kohli is considering ending its 8-year-old deal as its brand ambassador, Puma India Managing Director Karthik Balagopalan said the association still continues

TotalEnergies, ONGC join forces to detect, measure methane emissions

ONGC is aiming to curb emission of methane, a greenhouse gas, from its oil and gas operations as part of its decarbonisation drive

Uber bookings beat on robust demand for rides, delivery during holidays

Revenue increased 15% to $9.94 billion, ahead of estimates for $9.78 billion

Power Grid Corporation Q3 results: Net profit rises 11% to Rs 4,028 crore

Its consolidated net profit stood at Rs 3,645.29 crore in the year-ago period, the company said in a regulatory filing

HUL to make key changes to its management committee, effective from April 1

HUL has appointed Shiva Krishnamurthy as Executive Director of its Foods and Refreshment division. It has also appointed Srinandan Sundaram as the Executive Director, Homecare

Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates

Carlyle said its net profit from asset sales fell nearly 44% to $257.7 million, as market volatility, high interest rates and geopolitical tensions weighed on its ability to cash out investments

Cognizant Q4 profit up 7% at $558 mn, 2024 revenue guidance at -2% to 2%

The IT firm has pegged its 2024 revenue to be in the range of $19 to $19.8 billion, indicating a decline of 2 per cent to a growth of 2 per cent in constant currency

Apple building prototype of at least two foldable clamshell iPhones: Report

Apple recently approached at least one manufacturer in Asia for components related to two foldable iPhones of different sizes, the report said

Ola Electric considers bidding for mining rights of lithium blocks

Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports

Artisan Partners divests 1.2% stake in Indus Towers for Rs 717 crore

The US-based Artisan Partners through its affiliate Artisan International Value Fund sold shares of Indus Towers on the BSE

Tax implications likely to influence Hyundai's decision to list Indian arm

Hyundai Motor is exploring an initial public offering (IPO) of its Indian unit to raise around $3 bn (at a valuation of up to $30 bn), according to sources

IPO for India unit not decided yet, final decision in a month: Hyundai

'We constantly review various measures, including listing overseas subsidiaries, to increase corporate value, but nothing has been decided,' Hyundai Motor said in a regulatory filing

It is for RBI to deal with Paytm issue, says Financial Services Secy Joshi

He also said that Paytm Payments Bank Ltd (PPBL) is a small financial entity and there are no systemic stability concerns

Paytm shares rise amid news reports of CEO meeting FM, RBI officials

RBI has asked the company's payments bank division to stop accepting fresh deposits from March

Logistics firm V-Trans India Ltd targets Rs 3,000 cr turnover by 2026

The company also said it had outlined a comprehensive strategy focusing on surface transport and leveraging technology for sustainable profitability

GFCL EV to invest Rs 6,000 crore in indigenous EV battery supply chain

Vivek Jain, chairman of INOXGFL Group, said the investment highlights its pivotal role in shaping the future of the EV and ESS battery industry

Fortis Healthcare Q3 results: Profit down 3.2%, revenue grows by 7.7%

The company reported a fall in bed occupancy to 64 per cent in Q3FY24, from 66.1 per cent in the same quarter last year. This has been attributed to the addition of 100 operation beds

FTC dings Microsoft over Activision Blizzard's 1,900 jobs cuts in court

The FTC said the layoffs show that the merger created areas of overlap and the court should have paused Microsoft's integration of the two companies while the agency completes its in-house trial

Tata Steel completes amalgamation of five businesses, TRF merger called off

TRF mentioned in its regulatory filing that an application to withdraw the scheme of amalgamation has been filed with the National Company Law Tribunal (NCLT), Kolkata Bench