Page 986 - Company News
HFCL bags Rs 623 cr contract from domestic telco to supply 5G components
HFCL manufactures optical fibre and optical fibre cables, telecom products, including 5G Radio Access Network (RAN) products, 5G Transport Products, WiFi Systems, Switches, Routers
 "HFCL bags Rs 623 cr contract from domestic telco to supply 5G components")
EPACK Durable IPO subscribed 77% on first day of listing: NSE data
The initial share sale received bids for 1,53,54,560 shares, as against 1,99,77,615 shares on offer, as per NSE data
 "EPACK Durable IPO subscribed 77% on first day of listing: NSE data")
Reliance Industries Q3 results: Profit rises 9.3% to Rs 17,265 crore
The Mukesh Ambani-led conglomerate said its consolidated revenue from operations rose 3.6% to Rs 2.28 trillion
 "Reliance Industries Q3 results: Profit rises 9.3% to Rs 17,265 crore")
Citigroup lays off more bosses as CEO addresses managing directors: Report
The bank last week said it would cut 20,000 jobs over the next two years, after a fourth quarter marred by one-off charges that resulted in a $1.8 billion loss
 "Citigroup lays off more bosses as CEO addresses managing directors: Report")
Online furniture retailer Wayfair to cut 1,650 jobs to trim costs
The company has been taking cost-savings initiatives since August 2022, in a bid to operate more efficiently. Last year, it said it would cut 1,750 jobs, or about 10% of its workforce
 "Online furniture retailer Wayfair to cut 1,650 jobs to trim costs")
E-auction announced for developed vacant plots in Chennai Fintech City
Plots on offer are part of a multiple-use zone suitable for office, residential, and hospitality
 "E-auction announced for developed vacant plots in Chennai Fintech City")
Paytm's Q3 revenue rises 38% on strong payments business, loan growth
Operating profit, which the company defines as core profit before cost of employee stock-options, was at Rs 219 crore for the quarter ended Dec 31
 "Paytm's Q3 revenue rises 38% on strong payments business, loan growth")
PM Modi urges int'l investors to link their growth with India's rapid rise
He said that the government is committed to creating new opportunities for women in the aerospace sector as well
 "PM Modi urges int'l investors to link their growth with India's rapid rise")
Anant Raj raises Rs 500 cr via issue of shares to institutional investors
In November last year, Anant Raj Ltd planned to raise up to Rs 500 crore through issuance of securities to institutional investors
 "Anant Raj raises Rs 500 cr via issue of shares to institutional investors")
CESC Q3 net profit falls 10% to Rs 301 crore due to higher expenses
The total expenses rose to Rs 3,497 crore in the quarter under review from Rs 3,141 crore in the year-ago period
 "CESC Q3 net profit falls 10% to Rs 301 crore due to higher expenses")
Luxury car major Rolls-Royce launches its first EV Spectre in India
Rolls-Royce showcased a fully electric Experimental Phantom concept named 102EX. This was followed by 103EX, a dramatic design study that anticipated a bold electric future for the marque
 "Luxury car major Rolls-Royce launches its first EV Spectre in India")
Reliance Jio Q3 results: Net profit rises 12.3% to Rs 5,208 crore
Revenue from operations climbed 10.3%, snapping five straight quarters of slowing growth
 "Reliance Jio Q3 results: Net profit rises 12.3% to Rs 5,208 crore")
Apollo launches oncology facility that uses AI for precise diagnosis
Oncology centre in Bengaluru will give doctors and patients real-time insights and treatment protocol
 "Apollo launches oncology facility that uses AI for precise diagnosis")
Rolls-Royce drives in Spectre; dealer expects luxury car sales to grow
The company on Friday introduced the Rolls-Royce Spectre, the company's first fully electric luxury sedan, with price starting at Rs 7.5 crore (ex-showroom)
 "Rolls-Royce drives in Spectre; dealer expects luxury car sales to grow")
Rashi Peripherals raises Rs 150 cr pre-IPO from institutional investors
The round saw participation from institutional investors such as Volrado Venture Partners Fund and Madhuri Madhusudan Kela
Jindal Steel & Power commissions 6 MTPA hot strip mill at Angul steel plant
The mill has been commissioned in a record time of 29 months, the hot strip mill (HSM) produced the first set of coils on January 10, 2024, which were dispatched this week on Monday
 "Jindal Steel & Power commissions 6 MTPA hot strip mill at Angul steel plant")
Sun Pharma to acquire remaining stake in Israeli firm Taro for Rs 2,892 cr
Merger would pave the way for Sun to consolidate its position in the US market, say analysts
 "Sun Pharma to acquire remaining stake in Israeli firm Taro for Rs 2,892 cr")
Supreme Industries Q3 results: Profit rises 22% to Rs 256.17 crore
Its total revenue from operations was up 6 per cent to Rs 2,449.10 crore in the October-December quarter
 "Supreme Industries Q3 results: Profit rises 22% to Rs 256.17 crore")
Dairy firm Hatsun Agro's Q3 profit rises 24%, slowest in three quarters
The Chennai-based company's profit after tax rose 23.6% to 574 million rupees ($6.91 million) in the three months ended December 31, its slowest since the 2023 March quarter
 "Dairy firm Hatsun Agro's Q3 profit rises 24%, slowest in three quarters")
Real estate firm Puravankara says plans expansion in West, South India
Company working on wellness-themed project in Chennai, its largest in the city
 "Real estate firm Puravankara says plans expansion in West, South India")