Page 979 - Company News

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

Tech Mahindra Q3 profit declines 60% as communications vertical lags

The Mahindra group company had reported a net profit of Rs 1,296.6 crore in the year-ago period while the same was at Rs 493.9 crore in the quarter-ago period

Boeing to boost manufacturing in Vietnam as supplier builds plant

KP Aero will be formally granted later this week the authorisation to invest $20 million in Vietnam, authorities in the central city of Danang said in a media statement on Wednesday

EasyJet sees smaller loss, strong summer despite West Asia instability

EasyJet said it was able to mitigate the impact of the war in Gaza thanks to capacity growth in areas where demand was rising, and that bookings had recovered since late November

Sony vows growing India media presence despite aborted merger in letter

"Let's turn our attention back to the heart of our work - our current projects, our fantastic team, and the audiences who count on us," Singh said,

SPRE expect over Rs 1,000 cr revenue from luxury project in Mumbai

With an expected revenue surpassing Rs 1,000 crore, he said, the project signifies a lucrative venture that sets new standards for ultra luxury projects in South Mumbai

SoftBank offloads another 2% in Paytm as fintech sees spate of selldowns

The Japanese conglomerate, which sold shares between Dec. 19 and Jan. 20, now holds a 5.06 per cent stake in the company, according to an exchange filing on Wednesday

Nazara Tech's Nodwin Gaming to acquire 100% stake in Comic Con India

Jatin Varma and Karan Kalra, the founders of Comic Con India will swap shares worth Rs 27.5 crore of the company with Nodwin Gaming