Page 968 - Company News

TVS, Bajaj Auto forecast lingering challenges to recovery of exports

On top of festive season, Bajaj Auto also benefited from strong demand for its premium motorcycles, led by the two Triumph models

Blue Dart Express Q3 profit rises to Rs 888.9 mn on festive demand

Logistic companies have been grappling with increased competition, slow demand and volatile air turbine fuel (ATF) rates, which form a major part of their expenses

Fintech unicorn InCred Finance doubles profit to Rs 298 crore in 9MFY24

InCred Finance, a non-banking financial company (NBFC), said its loan portfolio is spread across segments such as consumer loans, education loans, and small and medium enterprise (SME) lending

Simpl launches merchant biz offering to reduce CoD settlement time

The company said the product aims to reduce the settlement time for cash-on-delivery (CoD) orders by up to 90 per cent and improve daily sales by 40 per cent

Regulator fines Air India Rs 1.1 cr for violating flight safety rules

Tata Group-run airline was under DGCA's scrutiny in 2023, was asked to pay Rs 30 lakh as fine earlier this month

SBI Card raises Rs 525 crore via issuance of non-convertible debentures

It will allot 525 fixed rate, unsecured, rated, taxable, redeemable, subordinate tier II, listed, non-convertible debentures aggregating to Rs 525 crore on a private placement basis

SoftBank entity sells 2% stake worth Rs 950 crore in Paytm parent

After selling a 2 per cent stake in the fintech company, SoftBank's total shareholding has come down to 5.06 per cent. The company held a 13.24 per cent stake in February 2023

Forbes Global enters India realty; will build projects, offer consultancy

Formed in December 2020, Forbes Global Properties entered India through membership network model. It already has a presence in 26 countries where 17,000 agents are providing real estate services

Ford to recall 1.9 mn Explorer SUVs to secure trim pieces that can fly off

The recall covers Explorers from the 2011 through 2019 model years

Skye Air inks 7 contracts for medical supplies delivery using drone tech

In tandem with their drone technology, Skye Air will leverage its Unmanned Traffic Management (UTM) software system for the delivery of medical supplies

Mazagon Dock Shipbuilders bags Rs 1,070 crore worth contract from MoD

The patrol vessels will be equipped with multipurpose drones, artificial intelligence capability, and wirelessly controlled remote water rescue craft to boost Indian Coast Guard's capability

TVS Motor beats Q3 profit view on strong festive demand, sales up by 25%

Sales of motorcycles jumped about 20%, accounting for nearly half of the total business, while sales of less-expensive scooters surged 36.5%, boosting TVS' revenue by 26% to 82.45 billion rupees

Zee asks Sony Group to withdraw termination of $10 billion merger plan

The company has also approached the National Company Law Tribunal seeking directions to implement the merger, Zee added

Year after Hindenburg: Adani claws back narrative on biz fundamentals

Unlike its previous targets, tycoon Gautam Adani, who was the world's second-richest man before the damning January 24, 2023 Hindenburg report

Niva Bupa premium growth may slow down to 25-30% over next 3-5 years: CEO

The health insurer is also planning to come up with their Initial Public Offering (IPO) in financial year 2024-25, though the size has not been decided yet

CCI approves JSW Ventures' proposed stake acquisition in MG Motor India

MG Motor India is a wholly-owned subsidiary of Shanghai-headquartered SAIC Motor

CCI approves JSW Group's acquisition of up to 38% in MG Motor India

In November last year, the JSW Group had announced the acquisition of a 35 per cent stake in MG Motor India

Wabtec wins $157 mn order for train braking system from Siemens India

Siemens is manufacturing locomotives for Railways at the national transporter's factory in Dahod

IOC Q3 net profit soars to Rs 8,063 cr, on road to best-ever annual earning

The profit was aided by a boost in marketing margins as freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high in 2022

Maruti Fronx clocks 100,000 sales milestone in passenger vehicle segment

The model has crossed the milestone in 10 months, setting a new industry benchmark, the car market leader said in a statement