Page 19 - Companies News

Adani share block deal aids FPI investment in equities turn positive in Mar

After pulling out funds in the past two months, Foreign investors have invested Rs 7,936 cr in the Indian equities in March mainly driven by bulk investment in the Adani Group companies

UBS likely to cut workforce by 20-30% after Credit Suisse takeover

That number of predicted layoffs dwarfs the 9,000 job cuts that Credit Suisse announced before its rescue by UBS last month

Amul revenue grew by 18.5% in FY23 to Rs 55,055 cr on better demand

In a statement, the Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) said it has registered a provisional turnover of Rs 55,055 crore for the financial year 2022-23

GCMMF turnover up 18% in FY23 to Rs 55,055 cr, eyes trillion rupees by 2025

GCMMF plans to achieve sales turnover of Rs. 1,00,000 crores by 2025

Google faces $4.2 bn advertising lawsuit by publishers for lost revenue

The claim was brought by former UK's communications regulator Ofcom director Claudio Pollack, who is seeking damages of up to 13.6 billion pounds from Google, the report mentioned

DVC registers 'highest' power generation at 43.32 bn units in FY23

It also registered a robust 29 per cent growth in power sales to Rs 24,432 crore in 2022-23 over the preceding fiscal, aided by tariff revision and a central scheme, they said

Two-wheeler maker Suzuki Motorcycle sales jump 49% to 97,584 units in March

The company sold 73,069 units in the domestic market and exported 24,515 units in the previous month, Suzuki Motorcycle India Pvt Ltd (SIMPL) said in the statement

Tech layoffs, economic slowdown hampers office space demand in India

Global economic slowdown, tech layoffs and hybrid work have impacted gross leasing of office space in India, as flexible office space providers share reached almost at par with traditional companies

COAI bats for industrial electricity tariff rates for telecom infra

Telcos' body COAI has made a strong plea that the telecom sector be charged industrial tariffs for electricity and not commercial rates

Steel, power cos bag major slice of blocks auctioned in 6th coal auctions

Steel, power and cement companies have bagged a sizable number of blocks auctioned under the sixth round of commercial coal auctions

IBA makes a case for biogas plants in PPP mode at landfill sites in Delhi

Indian Biogas Association has urged the Delhi govt to set up biogas plants under the public-private-partnership model at landfill sites in the national capital

CCL registers record output at 76.09 mt in FY'23, logs 11% growth

Central Coalfields Limited, a Coal India subsidiary, has posted a record output of 76.09 million tonne (MT) in 2022-23 fiscal, registering 11 per cent growth over the previous fiscal's production

Tata Power, Adani raise electricity tariff for customers in Mumbai

The commission cited an increase in fuel cost, power purchase cost and shortfall in revenue due to the impact of Covid-19, and an increase in transmission system costs

Kia India expects 40% of sales to accrue from iMT trims amid rising demand

Automaker Kia India aims to garner 40 per cent of its overall sales this year from cars with an intelligent manual transmission (iMT) as demand for automatic vehicles continues to grow in the market

PM Modi hails SAIL for its best ever annual production in 2022-2023

Prime Minister Narendra Modi on Sunday hailed the Steel Authority of India Limited (SAIL) for its best ever annual production in the 2022-23 fiscal

Haier aims for 33% growth in turnover this year, investing Rs 1,500 cr

Consumer durables firm Haier India aims for a 33 per cent growth in turnover to Rs 8,000 crore in 2023, helped by the expansion of its product portfolio and sales network and premiumisation

Global Pharma recalls 50,000 tubes of contaminated eye drops in US: USFDA

Global Pharma Healthcare is recalling 50,000 tubes of eye drops in the US market due to bacterial contamination, according to the US Food and Drug Administration (USFDA)

Indigo announces flight services to Dubai from Bhubaneswar from May 15

No-frills carrier IndiGo announced starting flight services to Dubai from Bhubaneswar's Biju Patnaik International Airport on May 15

Hero MotoCorp records increase of 15% in March sales to 519,342 units

Two-wheeler maker Hero MotoCorp on Saturday reported a 15 per cent rise in total sales at 5,19,342 units for March 2023 as compared to 4,50,154 units in the same month last year

Google announces new cost-cutting measures to focus on key matters: Report

It made this announcement Friday in a memo to staff