Page 980 - Company News

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

Los Angeles Times fires 20% employees, largest in its 142-year-old history

Paper's owner Dr Patrick Soon-Shiong, defended the move, saying the organisation first needed to make progress towards building higher readership to make up for the heavy financial losses

Realme sells 100 mn smartphones in India in 5 yrs; to focus on branding now

This dual strategy of product innovation and branding upgrades will help the company stay relevant in the Indian market

Sony moves Singapore court against Zee for breaching merger pact: Report

Zee is likely to counter Sony's claims in the Singapore International Arbitration Centre, including the demand for a $90 million termination fee

SAP unveils restructuring plan to trim costs, move to affect 8,000 jobs

Separately, SAP reported a 5 per cent gain in fourth-quarter non-IFRS revenue to €8.47 billion ($9.2 billion)

Aster DM shareholders approve separation of firm's India, GCC businesses

Aster DM earlier announced plans to separate its India and Gulf businesses in a deal valued at $1 billion

BlackRock, Neuberger bought Adani bonds post Hindenburg bombshell

Although the figures don't capture all bondholders, they provide a window into investor activity as the securities sold off and later recouped many of their losses

Netflix gained 13 mn customers in 2023, posts best surge since pandemic

Shares of Netflix climbed as much as 8.9 per cent to $535.91 in extended trading after the earnings announcement

Jamshyd Godrej resigns as non-executive director of Godrej Properties

The Board of Directors of the company have taken note of resignation of directorship of Jamshyd Godrej, who is member of the Godrej family

Aster DM Healthcare shareholders approve proposal to hive off Gulf biz

Over 99 per cent of the votes polled were in favour of the deal

FY22 report card: Edtech company Byju's losses widen to Rs 8,245.2 cr

Subsidiaries WhiteHat Jr, Osmo contributed to 45% of losses

Northern Railways helps Maruti export Jimny cars to African countries

'This initiative will not only generate additional loading and revenue for the Railways, but it is also an environmentally friendly means of transporting automobiles by trains'

Airtel prepays Rs 8,325 cr to clear 2015 spectrum acquisition liabilities

Bharti Airtel won spectrum worth Rs 29,129.08 crore in the auctions that were held in March 2015