Page 125 - Companies

Essential medicines list updated, adds 34 new drugs and drops 26

Medicines to treat diabetes, HIV, TB, contraceptives, hormonal medicines included in National List of Essential Medicines

Consumption trends signal strong FY23 for mall operator Phoenix Mills

Company's recovery and expansion after impact of Covid-19 expected to improve rentals and occupancies

Japanese retailer Uniqlo posts profit within 3 yrs of operations in India

Japanese apparel retailer Uniqlo's Indian unit has turned profitable within three years of its operations. Uniqlo India Pvt Ltd, which opened its first store in October 2019 here, reported a profit after tax (PAT) of Rs 21.49 crore for FY22, according to data provided by business intelligence platform Tofler. Its income for the financial year ended March 31, 2022, was at Rs 391.7 crore, up 63.77 per cent from the previous year. Uniqlo India had reported a net loss of Rs 36.19 crore on a revenue of Rs 239.17 crore for the financial year ended on March 31, 2021. Comments from Uniqlo India could not be obtained by the time of filing of the story. Uniqlo India is expanding the network of its retail stores. For this, the company is in the process of identifying strategic locations in both metro and non-metro cities. The company introduced its official online store UNIQLO.com in India last year to strengthen its presence in the e-Commerce segment. Uniqlo is a brand of Fast Retailing, a

HCL Tech lays off over 300 globally working on Microsoft projects

Company silent on layoff details, but sources say those asked to go are from India, Philippines and Guatemala

'No Double Lives': Infosys email warns employees against moonlighting

IT services firm's warning prompts non-profit group to say what 'employees do outside working hours is their prerogative'

How a startup in Pakistan folded just a year after raising $85 million

Airlift started by operating vans and small buses used by office workers and students. When that business slowed during the pandemic, the company pivoted to quick commerce

Investors left empty-handed in IndiGo block trade due to slippage

None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage

LML looking at comeback with e-scooters, may use Harley unit in Manesar

Company reportedly looking to launch three two-wheeler concepts later this month

Reliance can explore reorganising company to list subsidiaries: Report

Management and shareholders may consider a reorganisation of company to achieve three mutually linked objectives of structure, succession and segregation, says a report by Kotak Institutional Equities

As it looks to rebuild, Archies may have a few cards up its sleeve

Besides the merchandise, Archies is also seeking to shift focus online with its e-commerce platform

PVR shareholders to mull Inox merger on Oct 11, creditors' meet same day

Investors' meet over videoconference comes after Mumbai NCLT's directive to PVR; both Inox Leisure and PVR had said this June that they had received clearances for their merger NSE and BSE

Google pays billions annually to remain top search engine: US Justice Dept

DOJ attorney Kenneth Dintzer didn't disclose how much Google spends to be the default search engine on most browsers and all US mobile phones, but described the payments as "enormous numbers"

PhonePe tokenises 14 mn cards ahead of RBI's deadline of Sept 30

PhonePe said it is working with three major card networks, Visa, Mastercard, and RuPay, to meet the regulator's tokenisation deadline of September 30.

India, US must cooperate in climate change, semiconductors: Gautam Adani

The two countries must commit to 'free trade, openness, integration' of economies, says Adani Group chairman in award acceptance speech.

FMCG companies ramp up supply chains, marketing ahead of festive season

FMCG sales in August grew by 6.3 per cent sequentially, according to the latest data from Bizom. Sales had been declining for the previous three months

Fintech start-up FinAGG raises $3mn in funding to expand business

Company seeks to gain from increasing global supply chain financing volumes

Made in India iPhones to be 5-7% of Apple's global supply this year

As Apple gears up for the launch of iPhone 14 on September 7, its plants in India are also gearing up to manufacture more of these phones to contribute more to Apple's global supply

YES Bank likely to acquire Bengaluru's Ritz Carlton from NEL Holdings

Ritz Carlton in Bengaluru was the first property of Marriott International under the Ritz Carlton brand

Healthy order book, launches to help Maruti take the growth wheel

Market share, margin recovery remain key triggers for the stock, say brokerages

Fiscal 2022 was not the smoothest year for Dish TV: Annual Report

The DTH market has been facing major challenges as the market evolves steadily. Linear television is making way for digital services, forcing players to reinvent quickly.