Page 957 - Company News

Maruti Suzuki Q3 results: PAT up 33% at Rs 3,207 cr amid high SUV sales

The company sold 501,207 units in the third quarter of this year, which was 7.6 per cent more than in the corresponding period of the last financial year

'Tata Steel to consider investment in UK plant, if govt funding available'

The UK government has already agreed to a 500 million pound package to support the loss-making steel plant which was facing shutdown over high carbon emission. The plant employs around 8,000 people

RBI action against Paytm will hit ordinary Indians most: Cong slams govt

In a post on X, Congress general secretary Jairam Ramesh said, "The last 10 years under PM Modi have brought only chaos to the banking system."

Working on portfolio of CNG bikes, first launch in FY25: Bajaj Auto

The company wants the government to consider lowering GST on such CNG bikes, which will serve as a bridge to full electrification

As AI shifts tech globally, it's India's time to shine: Microsoft's Chandok

India will be one of the biggest contributors and beneficiaries, according to Puneet Chandok, president of India and South Asia at Microsoft

Tata Capital Housing Finance to raise Rs 8k cr; board to discuss on Feb 5

As per banking source, of the Rs 8,000 crore, the company will raise debentures qualifying as subordinated debt, or Tier II capital, of up to Rs. 500 crore

Novavax announces fresh round of layoffs, plans to reduce 12% of workforce

Novavax said the decision is part of its intention to bring down expenses below $750 million this year, which it had disclosed during its third-quarter earnings call in November

Brokerages divided on L&T's new order prospects, exposure to West Asia

L&T's management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections

Deepak Chem inks pact to invest Rs 9,000 cr in Gujarat in chemical sector

Earlier, the company had expressed its intention to invest around Rs 9,000 crore during Vibrant Gujarat Global Summit 2024 held on January 10-12

Wistron Corp to set up laptop making unit in Karnataka for Rs 1,500 cr

The proposed plant is expected to create around 3,000 jobs and also produce electric vehicle-related parts, a statement from the government said

MRPL earns certification from IAQG for distribution of aviation fuel

The standard ensures the interaction and configuration of various processes, from sourcing raw materials to the final product certification

Go First's lenders to seek extension of insolvency process by 60 days

Under the country's Insolvency and Bankruptcy Code, the National Company Law Tribunal (NCLT) has the authority to extend the resolution timeframe to a maximum of 330 days

Tata Power-DDL, ASCI partner for skill training in power, renewable energy

Tata Power Delhi Distribution Ltd (Tata Power-DDL) is a 51:49 per cent joint venture between Tata Power and the Government of NCT of Delhi. The power discom supplies electricity to 7 mn households

Flag coercive call from management to extend duty: Unions ask A-I pilots

In a joint communication to their members, Indian Commercial Pilots Association (ICPA) and Indian Pilots Guild (IPG) also said that they are in the process of compiling the records of recent instances

Marriott International adds 12 properties with 1,431 rooms in India in 2023

In the last year, Marriott added over 60 properties to its portfolio, particularly in key travel markets such as Japan, India, and Vietnam, it said

Burmans raise stake to 25% in Religare to acquire financial services firm

On September 25th, last year, the Burman family had announced an open offer for REL at Rs 235 per share

North East LPG cylinder transporters of IOC go on indefinite strike

The association had also written to the chief secretary on January 5, raising the same issues and urged him to take necessary steps

Max Healthcare Institute Q3 results: PAT rises 26% to Rs 338 crore

Network gross revenue stood at Rs 1,779 crore, up 14 per cent as compared to Rs 1,559 crore in the same period a year ago, it added

Glenmark, Pfizer launch Abrocitinib in India for Atopic Dermatitis

The prevalence of atopic dermatitis in India has risen over the past three decades, with approximately 5.9 per cent of adults affected, of which 4.4 per cent suffer from a severe form of the disease

TikTok CEO pledges $2 bn during testimony to protect 170 mn US Users

It's Chew's second time testifying before Congress. Last year, he was called to a hearing in the House focused on the potential national security threats stemming from its Chinese ownership