Page 985 - Company News

PepsiCo India appoints marketing chief Jagrut Kotecha as new CEO

Incumbent Ahmed El Sheikh will move to lead beverages and snacks company's Middle East business unit

Hindustan Zinc Q3FY24 results: Net profit down 6% at Rs 2,028 crore

For Q3FY24, Hindustan Zinc reported a consolidated net profit of Rs 2,028 crore, down 6 per cent from a year ago

Apple pay tech opened up to rivals in bid to settle European Union probe

The European Commi­ssion announced Friday that it's seeking feedback from Apple's payment rivals

Business leaders leave Davos to game out 2024 geopolitical scenarios

Many CEOs and executives told Reuters they foresee an upbeat U.S. economy in 2024, but are concerned about China and Europe, and the impact of unexpected global shocks on inflation

Weak rural demand a drag on HUL's Q3 showing; profit flat at Rs 2,509 cr

According to Bloomberg, analysts had pegged HUL's revenue at Rs 15,642.2 crore and net profit at Rs 2,572.7 crore for Q3 FY24

Won't be long before Boeing makes aircraft in India, says PM Modi

Modi stressed the need to build an aircraft manufacturing ecosystem in India as he highlighted the potential of India's strong network of MSMEs, huge talent pool, and stable government in India

AC-maker EPACK Durable IPO subscribed 77% on first day of subscription

The Initial Public Offering (IPO) has a fresh issue of Rs 400 crore and an offer-for-sale of up to 1,04,37,047 equity shares. The IPO has a price range of Rs 218-230 a share

Bansal Wire Industries files draft papers to mobilise Rs 745 crore via IPO

The maiden public issue is an entirely fresh issue of equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday

CDSL launches multi-lingual support for a/c statement and chatbots

CDSL is the country's largest depository in terms of the number of demat accounts handled

Boeing sees no delays to plane deliveries to India because of MAX 9 issues

Boeing earlier this week named Kirkland Donald to advise the planemaker's CEO on improving quality control after the incident

New vision: Apple takes a humble approach to launching its newest device

Analysts expect Apple to sell about 400,000 units of the Vision Pro this year. By contrast, the company sold an estimated 12 million Apple Watches in 2015, analysts said

USFDA finds new manufacturing lapses at pharma co Eli Lilly's plant: Report

Lilly said in a statement to Reuters that the inspection followed a company request to the FDA to make a change to its manufacture of migraine treatment Emgality

HC sends summons to TATA SIA Airlines on minor's plea for Rs 2.5 cr damages

Justice Anup Jairam Bhambhani said summons be sent to the defendant, TATA SIA Airlines Ltd, which is a joint venture between Tata Sons and Singapore Airlines, by all permissible modes

CEAT shifts gears, forays into steel radial tyres for two-wheelers

The company, which on Friday launched its new premium range of two-wheeler steel radial tyres, is targetting both aftermarket and original equipment manufacturer (OEM) segments

CCPA issues notice to e-com platform Amazon for sale of 'Ram Mandir' prasad

As many as four such products, claiming to be prasad from the Ayodhya Ram Mandir, are up for sale on the platform

BNP Paribas sells shares of two companies worth Rs 668 cr via open market

BNP Paribas, through its affiliate BNP Paribas Arbitrage, offloaded shares of private sector lenders, HDFC Bank and IndusInd Bank in two separate transactions on the BSE

Tata Steel to shut blast furnaces at Port Talbot plant, 3,000 jobs at risk

The closures are part of company's plan to transition to more sustainable, green steel business

LIC launches non-participating product Jeevan Dhara-II: Check details here

According to the exchange filing, the product, which will be available from 22 January 2023, is a non-linked, non-participating, individual savings deferred annuity plan

Finolex Industries Oct-Dec quarter net profit grows 24% to Rs 89.21 cr

The company's profit margin rose to 8.7 per cent from 6.4 per cent in the year-ago period, the company said in a statement

Working towards successful closure of merger with Sony: Zee Entertainment

According to some reports, the bone of contention is the driving seat of the merged entity. As per the agreed terms & conditions, ZEEL's Punit Goenka was to lead the merged entity