Page 996 - Company News

Premier Energies and GE Power India bag order from state-owned NTPC

The order is for supply of spares and repair of high power inner casing module, GE Power India said in a BSE filing

Google faces $1.67 bn damages demand at AI-related patent trial in Boston

A lawyer for Singular Computing, founded by Massachusetts-based computer scientist Joseph Bates, told jurors that Google copied Bates' technology

NCLAT rejects insolvency proceedings plea against Aditya Birla Fashion

The appellate tribunal upheld the order of the Mumbai bench, which had on October 11, 2023, dismissed the plea of In Style Fashion on the ground of pre-existing dispute

Hero MotoCorp stake in electric scooter firm Ather Energy capped at 40%

Nikhil Kamath, founder of online stock trading platform Zerodha, who has also taken a stake in Ather, is believed to be willing to bet more in the company. But existing investors are not selling right

Societe Generale sells Zee Entertainment's shares worth Rs 216 cr

According to the bulk deal data available with the National Stock Exchange (NSE), Societe Generale offloaded 83,45,179 shares, amounting to a 0.87 per cent stake in ZEEL

Nykaa sees sharp upswing on robust performance in the third quarter

Overall at the consolidated level, Nykaa expects overall NSV to grow at a mid-20s percentage rate and revenue to grow at a low-20s percentage rate on YoY basis in 3QFY24

Poaching Row: Nasscom chairperson Nambiar says no impact on industry

He said there cannot be a broader industry-wide norm on non-poaching

SAT reserves its order in Axis Bank-Karvy Stock Broking matter

Senior counsel representing Sebi argued that the regulator had filed an appeal before the Supreme Court on December 30 for a stay on the order

Delhi HC permits PepsiCo to claim patent for potato chips variety

The division bench thus set aside the single judge order of July 5 last year dismissing Pepsi's appeal against an order that revoked the company's patent-protected potato variety used for making chips

Samsung profit falls 35% on weak demand as chip weakness persists

Korea's largest company reported a 35% fall in operating income to 2.8 trillion won ($2.1 billion), about 24% shy of estimates. Revenue slid more than anticipated to 67 trillion won

Moody's downgrades senior unsecured bonds issues by Vedanta Resources

Ratings agency Moody's Investors Service on Tuesday said it has downgraded its rating on the senior unsecured bonds issued by Vedanta Resources to Ca from Caa3

Renault plans 5 new cars in next 3 years, seeks regulatory clarity

Renault is planning to launch a total of five cars -- including B plus segment sport utility vehicle (SUV), a C segment SUV and an electric vehicle (EV) -- in India in the next three years

Zee reported to have missed $200 mn cricket fee deadline to Disney

The Indian entertainment company was betting on the TV rights to retain its viewership and attract more advertisers in the cricket-crazy nation of more than 1.4 billion people

Results preview: Yet another healthy showing likely for capital goods in Q3

Brokerages - Motilal Oswal, Nuvama, Kotak Institutional Equities and Prabhudas Lilladher - estimated revenue growth for their capital goods universe to be 11-16 per cent year-on-year

No plan to modify mid-cabin doors in current, future planes: Akasa Air

Following the incident on January 5, aviation regulator DGCA ordered Akasa Air, Air India Express and SpiceJet to carry out an inspection of the wing emergency exits of their Boeing 737-8 Max planes

Online gaming co Delta Corp disputes GST demand, posts profit decline in Q3

The company, which is also a casino operator, reported a 59 per cent year-on-year decline in its consolidated net profit for the quarter ended December 2023 at Rs 34.48 crore

LIC ups stake in Navin Fluorine International to 5.04% from 4.79%

The shares of Navin Fluorine ended 3.1% lower on the BSE to close the day at Rs 3,500.20 a piece

Infibeam Avenues inks MoU with Gujarat govt to invest Rs 2,000 cr by FY30

The company said it aims to develop its Artificial Intelligence (AI) Hub for developing AI technology for payments and platforms aimed at servicing retailers

Mobileye agrees to supply ADAS tech to M&M as it eyes growth in India

Mobileye also forecast a decline in sales of 50% year-on-year in the current first quarter as customers and automakers work through a backlog of ADAS chips and have stopped placing orders

PFC gets RBI nod to set up wholly-owned finance company in GIFT City

The company is planning to set up a subsidiary at the International Financial Services Centre (IFSC) in GIFT City, Gujarat