Page 131 - Companies

We are putting all our earnings into growth: Adani Wilmar MD & CEO

Our direct retail reaches around 575,000 outlets and indirect is 1.6 million, said Wilmar

Weak Q1 cash flows, debt increase a worry for Godrej Properties

This, despite sales bookings and launch pipeline remaining robust

Supply chain, margin woes for Siemens, but strong order flow a positive

Global headwinds may weigh on the sector and company's prospects; strong order flow is a positive though

India home to as many as 75,000 start-ups, says Piyush Goyal

In a tweet, the Commerce and Industry Minister said "These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth"

Infra, capital goods' firms get order book booster in June quarter

Orders for companies grew 15-57% in the first quarter of the financial year

Fintech firm Twid raises $12 mn to expand reward points-based service

Company has more than 40 million registered users and it works with 50,000 merchants

Brokerages expect better appetite for Zomato stock after strong Q1

It jumps 20% after a strong Q1 showing; analysts turn bullish indicating an upside of 60%

Jitendra New EV inks pact with FAE Bikes to supply 12K e-scooters

FAE Bikes will offer these scooters on rent to EV customers

B2B SaaS start-up WebEngage raises $20 mn in Series B funding round

The Series B round also saw participation from family offices of Unmaj Corporation, NB Ventures, Shashwat Nakrani (a co-founder of BharatPe), and Gopal Srinivasan (chairman of TVS Capital) and others

SP Group sells entire stake in Jammu highway project to NIIF for $290 mn

SP Jammu Udhampur is the developer for the Jammu-Udhampur highway project under a concession from the National Highways Authority of India on a build-operate-transfer (annuity) basis

Recovery of market share a challenge for tractor major Escorts Kubota

Near term volume growth, margins could add to the concerns

After slow start to 2022, Surat textile industry looks for festive cheer

However, orders have been lower 30% compared with normal between mid-July and early August

Competition (Amendment) Bill: How it is looking to change CCI's functioning

Bill proposes to let individual members of the 6-member board to decide on matters for faster disposal of cases

Air India's load factor improves to 80% under Tata group management

It has risen to 80% in February-June period, compared with 60%; but market share is lower than in January

Tiger Global and SoftBank trim investments in India by over a third in 2022

Start-ups feeling the heat, but funds like PremjiInvest increasing exposure

Lifestyle & grocery retailers reverse FY21 trend, hire over 180,000 people

The total number of employees in eight of the top retailers in India went up 57 per cent to 4,90,000 in FY22, with Reliance Retail hiring the most number of people at 1,61,000

Infosys Finacle inducted in IFSCA regulatory plan for blockchain finance

Six leading banks are collaborating with trade finance solution for short-term credit, import payments

With $208 bn in fortunes, Mukesh Ambani, and Gautam Adani start to face off

Ambani's Reliance Jio Infocomm Ltd. is the top player in India's mobile market, while the Adani Group doesn't even have a license to offer wireless telecommunications services

Consumer firms hint at a breather from price hikes as costs decline

According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12

JK Paper Q1 consolidated net profit rises two-fold to Rs 264 crore

JK Paper on Friday reported a two-fold increase in consolidated net profit at Rs 264.23 crore for the quarter ended June, helped by higher sales volume and enhanced sales realisation. The company had logged a net profit of Rs 104.22 crore in the April-June period a year ago, JK Paper said in a regulatory filing. Its revenue from operations was up two-fold at Rs 1,508.05 crore as against the low base of the pandemic-impacted corresponding quarter. It stood at Rs 720.08 crore last year. JK Paper's total expenses were at Rs 1,101.39 crore as compared to Rs 546.65 crore. Vice Chairman & Managing Director H P Singhania said: "The company was able to deliver strong performance on a quarter to quarter and YoY basis on the strength of higher production and sales volume and enhanced sales realisation coupled with an enriched product mix. This is in spite of the adverse impact of a substantial increase in major input costs in the recent period, he said. "Demand for paper and board continue