Page 5 - Companies News

TEST:Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan

Byju's has to make an interest payment on the loan by June 5

TEST:IndiGo posts Rs 919 crore net profit, its best-fourth quarter ever

Expenses in the quarter increased to Rs 13,680 crore due to a rise in fuel and maintenance costs

Indian Oil posts first profit increase in 5 quarters as crude prices cool

IOC's revenue from operations rose almost 10% to Rs 2.26 trillion

Mukesh Ambani's RIL has stock analysts most bullish in seven years

The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices

Air India pilots get more time to accept revised compensation structure

Air India has around 1,800 pilots and a significant chunk of them are yet to sign the revised contracts, according to the report

Govt bailout of Go First unlikely unless engine issue resolved: Dy Minister

Deputy Aviation Minister VK Singh said the government has offered help to US-based Pratt & Whitney

Amara Raja launches gigafactory in Telangana to produce lithium ion battery

This new facility in Telangana by Amara Raja plans to create employment opportunities for nearly 4,500 people and a similar number of indirect jobs

Adani's Mundra port cargo adds Rs 80,732 crore to Customs' coffers

As per company officials, with the rising traffic at the port, the customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing financial year

ICRA downgrades ratings of Shapoorji Pallonji to BBB+, places it on watch

ICRA has downgraded the ratings of Shapoorji Pallonji and Company to BBB+ from A- and placed it on rating watch with developing implications.

Test - India's gold demand in Jan-Mar drops by 17% due to high prices: WGC

Sharp rise in gold prices and volatility combined with fewer auspicious days to trigger consumption, has led to many households deferring buying perhaps in anticipation of a downward price correction

Test Realmewith Snapdragon 888 in pictures: Price, features, specifications

Smartphone brand realme on June 15 introduced its flagship killer smartphone -- realme GT -- that comes powered with Qualcomm Snapdragon 888 chipset

PNB to infuse Rs 72.82 cr in its Bhutan subsidiary Druk via rights issue

The indicative time period for completion of the rights issue is by the end of August 2023, it noted

Demand outstrips supply to push residential rents 15.3% YoY: Magicbricks

The report also revealed that while 2BHKs continued to be the most preferred rental properties, the demand for 3BHKs grew by almost 6% QoQ, indicating an increasing preference for spacious homes

Hinduja lone bidder for RCap in second auction, offers Rs 9,650 cr

Upfront payment proposed; Torrent, Oaktree skip

Ayurveda practitioners not entitled to same pay as MBBS doctors, says SC

Ayurveda practitioners not entitled to same pay as MBBS doctors, says SC

Google's move to make app makers use its new billing system faces backlash

Google now requires all in-app payments to go via its payment gateway under the new billing policy

Tata Steel in talks to raise up to $400 million in offshore green loan

Tata Steel in talks to raise up to $400 million in offshore green loan

Indian Hotels well poised to achieve vision of 300 hotels by 2025

According to IHCL, with eight new hotel signings, the iconic brand Taj is slated to reach the 100-hotel milestone from 98 hotels currently

Next Orbit to sell its entire stake in ISMC to Delhi-based B C Jindal group

Sources say the sale is subject to the project getting clearance from the government

Indian pharma market back to pre-Covid level in FY23, says report

After a Covid-hit FY21 (when the IPM grew by only 2.2 per cent), the market posted a growth of 14.7 per cent in FY22, on a low base