Page 958 - Company News
Universal Music songs to be removed from TikTok as license renewal fails
Tiktok, in a statement to Reuters, referred to UMG's narrative as "false" and said UMG's actions were not in the best interests of artists, songwriters and fans
 "Universal Music songs to be removed from TikTok as license renewal fails")
Tinder-parent Match forecasts weak revenue on lower spending on dating apps
It forecast 2024 revenue of between $3.57 billion and $3.67 billion, representing a growth of 6 per cent to 8 per cent compared with an estimate of 7.8 per cent
 "Tinder-parent Match forecasts weak revenue on lower spending on dating apps")
JSW Paints sees business revenue at Rs 2,200 crore by end of FY24
The company has already broken even at an operating level during the year, and its earnings before interest, tax, depreciation, and amortisation (EBIDTA) margins are expected to be in single digits
 "JSW Paints sees business revenue at Rs 2,200 crore by end of FY24")
Zee Entertainment, Sony Pictures square off in SIAC, starting today
NCLT grants 3 weeks to Sony to file reply
 "Zee Entertainment, Sony Pictures square off in SIAC, starting today")
L&T Q3 results: Net profit up 15.4% at Rs 2,947 cr on robust order inflows
Company expects to end FY24 at 20% growth in orders
 "L&T Q3 results: Net profit up 15.4% at Rs 2,947 cr on robust order inflows")
Is Fever FM shutting down? Dropping the 'radio' to amplify the game
Fever FM's announcement puts the spotlight on why radio can't seem to grow and what would help it to
 "Is Fever FM shutting down? Dropping the 'radio' to amplify the game")
Vodafone Idea hints 5G roll-out in 6-7 months after getting funds
Vodafone Idea CEO Akshaya Moondra during the company's earnings call said that the telco is in discussion with various vendors for the 5G roll-out as well as developing use cases
 "Vodafone Idea hints 5G roll-out in 6-7 months after getting funds")
Before 5G launch, we will have clarity on how to monetise it: Voda Idea CEO
Launching 5G in October 2022, Vi's two main competitors-Reliance Jio and Bharti Airtel-have already launched 5G services in 7,764 and more than 5,000 cities, respectively
 "Before 5G launch, we will have clarity on how to monetise it: Voda Idea CEO")
Profit booking in RIL weighs on indices; Sensex ends 802 points lower
Shares of RIL, the country's most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline
 "Profit booking in RIL weighs on indices; Sensex ends 802 points lower")
Uber launches operations in Jammu & Kashmir; starting with Srinagar
Residents of Srinagar and visiting tourists can now book Uber Go and Uber Intercity rides for their mobility needs
 "Uber launches operations in Jammu & Kashmir; starting with Srinagar")
Adani Total Gas Q3FY24 results: Net profit rises 18% to Rs 176.64 crore
Gas sale volume for Q3 FY24, the company said, was up 21 per cent Y-o-Y to 224 million metric standard cubic meters (MMSCM), while the cost of natural gas dipped 4 per cent Y-o-Y
 "Adani Total Gas Q3FY24 results: Net profit rises 18% to Rs 176.64 crore")
India's M&A thrives: Sustains growth amid global economic slowdown
Mid-market acquirers shine, capturing almost 50% of deals in 2023, says Bain & Company's global M&A report
 "India's M&A thrives: Sustains growth amid global economic slowdown")
Mahindra Finance Q3 results: Net profit down 12% due to higher credit costs
The net profit of the company stood at Rs 629 crore in Q3 FY23. However, sequentially, the profit increased by 135 per cent from Rs 235 crore in Q2 FY24
 "Mahindra Finance Q3 results: Net profit down 12% due to higher credit costs")
NTPC, Numaligarh Refinery ink pact to explore green chemical projects
While NTPC Ltd is an entity under the Ministry of Power, Numaligarh Refinery Limited (NRL) is a subsidiary of Oil India Ltd, engaged in the business of refining and marketing petroleum products
 "NTPC, Numaligarh Refinery ink pact to explore green chemical projects")
Star Health Insurance Q3 results: Net profit rises 37.5% to Rs 289.55 cr
The net commission of the health insurer dropped 13.11 per cent (Y-o-Y) to Rs 349.85 crore from Rs 402.64 crore
 "Star Health Insurance Q3 results: Net profit rises 37.5% to Rs 289.55 cr")
SpiceJet to launch eight flights to Ayodhya on Feb 1, Scindia to inaugurate
The flights will connect Ayodhya with Delhi, Chennai, Ahmedabad, Jaipur, Patna, Darbhanga, Mumbai and Bengaluru, the official said
 "SpiceJet to launch eight flights to Ayodhya on Feb 1, Scindia to inaugurate")
Kore.ai, startup building conversational AI, secures $150 mn in funding
The investment was led by FTV Capital and had participation from chip giant Nvidia
 "Kore.ai, startup building conversational AI, secures $150 mn in funding")
KPIT Technologies Q3 results: Profit after tax up 50.6% at Rs 156 crore
KPIT's results are opposite to what some of the larger peers have reported. The firms strategy to focus on the auto segment is paying off
 "KPIT Technologies Q3 results: Profit after tax up 50.6% at Rs 156 crore")
TeamLease Q3 results: Profit rises 7% on strong general staffing business
Overall consolidated revenue from operations rose nearly 22% to 24.45 billion rupees
 "TeamLease Q3 results: Profit rises 7% on strong general staffing business")
Red Sea crisis: Exports, higher freight impacts wire maker R R Kabel
Attacks by Yemen's Houthi militia on merchant ships in the Red Sea and retaliatory U.S. strikes have ratcheted up tensions in the Middle East as the Gaza war rages on
 "Red Sea crisis: Exports, higher freight impacts wire maker R R Kabel")