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COMPANIES NEWS - Page 8
With low prices and local flavours, IKEA spices up food business in IndiaSubscriber Only
September 3, 2024 16:26 IST
In last 3 years, food business has doubled its contribution to overall revenue
ONGC Videsh seeks US nod to operate projects in sanction-hit Venezuela under ‘Chevron model’Subscriber Only
August 30, 2024 22:34 IST
Given Washington’s sanctions on the Latin American country’s oil and gas sector, companies cannot use American banking channels, services, and US dollars for these projects, unless they have a specific license from the Office of Foreign Assets Control of the US Department of Treasury.
RIL plans 1:1 bonus issue; to invest Rs 75,000 cr in new energy ecosystem
August 30, 2024 04:00 IST
To double revenue, EBITDA over the next 3-4 years: Mukesh Ambani
Warren Buffett’s Berkshire Hathaway closes above $1 trillion market value
August 29, 2024 20:01 IST
The $1 trillion valuation is based on Berkshire's 553,234 Class A and 1,325,192,508 Class B shares outstanding as of July 23.
Competition Commission clears merger of RIL’s media assets with Walt Disney
August 28, 2024 17:05 IST
The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
Cement companies plan Rs 1.25 lakh crore capex till FY27: Crisil Ratings
August 24, 2024 04:00 IST
“A healthy 10 per cent annualised increase in cement demand in the past three fiscals outpaced growth in capacity addition, pushing utilisation level to a decadal high of 70 per cent in fiscal 2024 and prompting manufacturers to press the capex pedal,” it said.
Ola plans dark stores, Krutrim cloud for ONDC
August 16, 2024 04:08 IST
Ola Consumer, the rebranded name of Ola Cabs, is looking at revolutionizing the warehousing space that supercharges the commerce supply chain, the company said.
Black Box reports 55% rise in net profit in Q1
August 14, 2024 20:17 IST
Revenue for this quarter stood Rs 1,423 crore, compared to Rs 1,571 crore in the first quarter of the previous financial year
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August 30, 2024 10:50 IST
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Reliance Industries set for next level of growth: Mukesh Ambani
August 8, 2024 05:30 IST
Ambani presented an optimistic outlook to investors, saying that RIL has enhanced investor wealth and shareholders’ faith in the company will spur it to “continually grow and create value”.
SFIO probe into Sahara group of companies underway: FM Nirmala Sitharaman
August 5, 2024 21:52 IST
The minister said there are some cases which come under the regulator SEBI while some are dealt by the Ministry of Cooperation.
Black Box Limited secures Rs 410 crore funding for digital infrastructure expansion
August 2, 2024 14:39 IST
The investment is said to support the company's strategic expansion and growth initiatives into industry verticals with relevant technology solutions
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
August 2, 2024 07:16 IST
It also forecast third-quarter revenue below market estimates, grappling with a pullback in spending on traditional data centre semiconductors and a focus on AI chips, where it lags behind rivals.
Karnataka GST notice withdrawn, will respond to DGGI: InfosysSubscriber Only
August 2, 2024 07:36 IST
The DGGI has slapped a Rs 32,403 crore notice on Infosys for services availed by the company from its overseas branches over a five-year period starting 2017.
Infosys slapped with Rs 32,403 crore GST demand notice, says it has paid all dues
August 1, 2024 07:39 IST
Bengaluru-based Infosys, in a stock exchange filing Wednesday, called the missive from the tax department a “pre-show cause” notice and said it believes the GST is not applicable on the expenses in contention.
WazirX plan to ‘socialise’ $230-million security breach losses draws user ireSubscriber Only
July 30, 2024 08:04 IST
Socialising losses in what is a purely capitalistic venture has drawn the ire of crypto industry insiders who have questioned whether the strategy being explored by WazirX has any legal backing and if it could pass regulatory scrutiny.
Mankind Pharma buys 100 pc stake in Bharat Serums for Rs 13,630 croreSubscriber Only
July 26, 2024 00:57 IST
The transaction is expected to close within 3-4 months subject to receipt of regulatory approvals and completion of certain identified conditions precedent, the company said in a stock exchange filing. BSV, based in Mumbai, was originally promoted by the Daftary family.
Q1 results: Adani Green profits up by nearly 95%, Nestle India posts slowest revenue growth in 8 years
July 25, 2024 19:12 IST
Tech Mahindra reported its smallest revenue fall in four straight quarters, beating estimates, on demand recovery in its manufacturing and healthcare segments.
Mahindra & Mahindra to unveil ‘Thar Roxx’ SUV on August 15Subscriber Only
July 21, 2024 03:33 IST
“The Mahindra ‘Thar ROXX’ will further strengthen the already strong Thar brand, empowering customers to ‘explore the impossible’ with luxury and be a part of the Thar lifestyle,” the company said on Saturday.
Infosys posts 7.11% rise in Q1 profit; projects higher 3-4% revenue growth guidance for FY25Subscriber Only
July 19, 2024 04:53 IST
The revenue from operations for the latest quarter stood at Rs 39,315 crore, which was up by 3.64 per cent from Rs 37,933 crore reported by the IT major in the corresponding quarter of the previous financial year.
Light-weight cars and small batteries: Suzuki’s tech plan for the next decade
July 17, 2024 13:59 IST
Beyond its cars, the company will also focus on energy reduction across its production process and will shift towards a “circular economy”.
Hindustan Unilever to sell Pureit business to A.O. Smith for Rs 601 croreSubscriber Only
July 16, 2024 04:31 IST
The proposed transaction is to be undertaken by way of a slump sale through a business transfer agreement between the company and A.O. Smith India Water Products Pvt Ltd.
MTNL on the brink of debt default, knocks on Govt door for fundsSubscriber Only
July 14, 2024 09:25 IST
A section in the government is concerned since most MTNL debt is backed by a sovereign guarantee, any default would leave the government with little choice but to fund it by the exchequer.
TCS profit rises by 8.72% YoY in Apr-Jun, down 2.89% sequentiallySubscriber Only
July 12, 2024 00:30 IST
The company - which competes in the IT services market with the likes of Infosys, Wipro and HCLTech - reported a 5.4 per cent increase in its revenue at Rs 62,613 crore for the quarter just ended.
SAMIL raises USD 350 mn through issuance of notes
July 5, 2024 16:49 IST
The issue was oversubscribed six times with a peak order book in excess of USD 2.2 billion, it added.
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