Page 982 - Company News

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

ICICI Bank stock shines in a dull market on good performance in Q3

The net advances grew by 18.5 per cent YoY and 3.9 per cent QoQ. Deposits stood at Rs 13.3 trillion, with CASA ratio at 39.4 per cent down 20 bps sequentially

40% of our FY25 investments to be in AI: Coforge CEO Sudhir Singh

The Noida headquartered company plans to invest in setting up new cloud infrastructure and AI studio at its campus

Zee nosedives 30% in worst single-day fall after Sony scraps deal

After the deal with Sony was terminated, nearly half a dozen brokerages downgraded Zee's stock while lowering the earnings multiple assigned to the cash-strapped company

CCI clears Tata Electronics acquisition of Wistron's iPhone assembly plant

Wistron Infocomm Manufacturing (India) operates an iPhone assembly plant near Bengaluru

HDFC Bank first lender to issue 20 million credit cards, shows data

HDFC Bank is the largest issuer of card issuers in the country, which commands over a fourth of the overall cards market in terms of numbers

Volume gains key for further rerating in Colgate-Palmolive India stock

Colgate-Palmolive (India) has been one of the top gainers in the consumer space since June 2023, enriching investors by 53 per cent in this period

SAEL secures $1 billion capital to fund its renewable energy portfolio

The event was attended by the Ambassador of Norway, Deputy Chief of Mission, United States, and other dignitaries

CCI clears merger of Fincare Small Finance Bank with AU Small Finance Bank

In October last year, the board of directors of AU Small Finance Bank (AU SFB) and that of Fincare Small Finance Bank (Fincare SFB) approved an all-stock merger of AU SFB and Fincare SFB

Optiemus-Corning JV to set up Rs 1K cr glass manufacturing unit in TN

The company plans to manufacture front-cover glass with extensive processes in India and supply to display panel makers and mobile manufacturers in the country

Hero MotoCorp planning to launch 3 electric scooters in 2024: CEO

Hero MotoCorp domestically sold 14,046 units of Vida in the April-December period in 2023-24. Vida comprised 4.53 per cent of its total scooter sales in the same time period, as per the SIAM data

Havells India's Q3 profit rises marginally to Rs 288 cr on demand of wires

The company reported a profit of 2.88 billion rupees ($34.7 million) for the quarter ended Dec. 31, compared to 2.84 billion rupees last year

Lupin secures a tentative USFDA approval for Rivaroxaban tablets

Lupin boasts 15 manufacturing sites, 7 research centres, and a global team of more than 20,000 professionals

Infibeam Avenues profit up 15.7% at Rs 41.4 cr on strong festive season

Meanwhile, the Gandhinagar-based company saw its revenue from operations more than double to Rs 911.9 crore in Q3 FY24, up from Rs 414.7 crore in Q3 FY23

Glenmark Life Sciences Q3 profit rises to Rs 119 cr, API biz up 6.4%

The Mumbai-based company, which detergent maker Nirma is in the process of taking over, said its profit rose to 1.19 billion rupees ($14.32 million) in the quarter ended Dec. 31

'Average age of customers opting to buy Rolls-Royce cars is mid-40s'

Rolls-Royce Motor Cars declared its commitment to electric vehicles by announcing Spectre and by the end of 2030, the entire portfolio would be comprised of electric range of cars

Samsung brings its premium play with the launch of Samsung BKC store

Samsung BKC aims to cater to the ultra-premium buyer in India. The store is located at Jio World Plaza, the high-end luxury mall from Reliance

Pidilite's Q3 profit jumps to Rs 510 crore on strong demand, lower costs

Consolidated net profit rose to 5.10 billion rupees ($61 million) in the October-December period from 3.04 billion rupees a year earlier, the maker of Fevicol brand of adhesive said

Food delivery major Swiggy teases doubling platform fee from Rs 5 to Rs 10

The Bengaluru-based firm claimed that the increased fee is an experiment tested amongst a "small set of users" and the company is not planning a significant hike any time soon