Page 29 - Indian Companies
Premium and luxury segments becoming more prominent in India: Titan CFO
Sonthalia says that the company is aiming for margin optimisation through cost control and growth through international expansion and product diversification
 "Premium and luxury segments becoming more prominent in India: Titan CFO")
68% Indian companies intend to hire freshers in first half of 2024: Report
The intent to hire freshers in India has increased as compared to last year: TeamLease EdTech report
 "68% Indian companies intend to hire freshers in first half of 2024: Report")
Near term positive for Delhivery as firm clocks first profit in Q3
Stellar Q3 results, strategic buys position firm for continued success in beverage market
 "Near term positive for Delhivery as firm clocks first profit in Q3")
Investigation of tax evasion by WSP India in progress: IT Dept tells HC
WSP Consultants India, a professional services firm, offers technical and strategic advisory services in various engineering and infrastructure sectors
 "Investigation of tax evasion by WSP India in progress: IT Dept tells HC")
In next 4-5 years, we aim capex of Rs 1,500 cr: Biocon's Siddharth Mittal
Siddharth Mittal outlines the growth strategies and challenges ahead
 "In next 4-5 years, we aim capex of Rs 1,500 cr: Biocon's Siddharth Mittal")
With second PLI certification, IPO-bound Ola Electric eyes 13% subsidy
Ola Electric is the only two-wheeler electric company to receive a nod as incumbents struggle with localization standards
 "With second PLI certification, IPO-bound Ola Electric eyes 13% subsidy")
Fewer listed firms failing to get women directors, shows govt data
Sebi had fined 20 companies till September for FY 2023-24 against 64 in 2019-20
 "Fewer listed firms failing to get women directors, shows govt data")
Hero MotoCorp Q3FY24 results: Net profit rises 51.3% to Rs 1,091.12 cr
Volume sales increase by 17.74% in Q3; high demand for premium products
 "Hero MotoCorp Q3FY24 results: Net profit rises 51.3% to Rs 1,091.12 cr")
PepsiCo records mid-single digit organic revenue growth in India in 2023
India posted a double-digit volume growth in the beverages category, while recording a low-single-digit volume decline in the convenient food category
 "PepsiCo records mid-single digit organic revenue growth in India in 2023")
Bhushan Kumar appoints two new directors to the T-Series board
T-Series is India's largest music company and been the number one channel on the world's largest streaming service, YouTube for over seven years now
 "Bhushan Kumar appoints two new directors to the T-Series board")
The land of Ferrari and Lamborghini has new speed limit: 30 kmph
Bologna has become the first major Italian city to impose the limit on most streets, citing safety and livability
 "The land of Ferrari and Lamborghini has new speed limit: 30 kmph")
Why startups are flipping back to India in spite of the hefty tax bill
The thing is, if a company wants to move from another country to India as a domicile, it is treated as a capital gains event for existing investors
 "Why startups are flipping back to India in spite of the hefty tax bill")
Volume may better for India biz from July: Unilever CEO Hein Schumacher
Hein Schumacher, chief executive officer of Unilever, informed investors after its earnings report that they expect the volume growth for HUL to be in a similar range as witnessed in Oct-Dec qtr
 "Volume may better for India biz from July: Unilever CEO Hein Schumacher")
Several startups get RBI approval to operate as payment aggregators
According to industry insiders, several such applications are currently being processed by the RBI and more startups are expected to get approvals in the coming months
 "Several startups get RBI approval to operate as payment aggregators")
Tata Steel completes amalgamation of five businesses, TRF merger called off
TRF mentioned in its regulatory filing that an application to withdraw the scheme of amalgamation has been filed with the National Company Law Tribunal (NCLT), Kolkata Bench
 "Tata Steel completes amalgamation of five businesses, TRF merger called off")
Q3 results: Decline in volume, revenue growth drags FMCG companies
Their combined net sales were up just 7.4 per cent year-on-year (Y-o-Y) in Q3FY23, which was the lowest in nine quarters then
 "Q3 results: Decline in volume, revenue growth drags FMCG companies")
Britannia Industries Q3 results: Net profit down 40.3% to Rs 556.4 crore
He also highlighted that the company's international business performed extremely well with robust double-digit growth across key markets
 "Britannia Industries Q3 results: Net profit down 40.3% to Rs 556.4 crore")
JB Pharma Q3 results: Profit after tax rises 26% on strong India biz
The domestic formulation business has been the growth driver during the quarter, clocking a 14 per cent Y-o-Y growth to Rs 462 crore
 "JB Pharma Q3 results: Profit after tax rises 26% on strong India biz")
Maruti aims to open 100 Nexa service workshops in non-urban areas in FY25
MSIL sells its more expensive cars such as Grand Vitara, Jimny, and Fronx through Nexa retail channel, while the others are sold through Arena retail channel
 "Maruti aims to open 100 Nexa service workshops in non-urban areas in FY25")
Urban Company launches policy to support service partners facing abuse
The company said it would also release a series of videos to raise awareness about domestic violence and abuse, and how its service professionals can report it
 "Urban Company launches policy to support service partners facing abuse")
