Page 9 - Companies News

SpiceJet had worst on-time performance in March; Akasa was best: Govt data

AirAsia India and Air India had the -lowest and third-lowest OTPs among 7 major carriers

MGL cuts CNG price by Rs 8, PNG by Rs 5 in Mumbai after govt revises price

Gail India subsidiary Mahanagar Gas announced a steep reduction in the retail price of compressed natural gas (CNG) by Rs 8/kg and domestic PNG (piped natural gas) by Rs 5/SCM across its licenced area

IKEA Foundation to sustainably upgrade 25,000 health facilities in India

IKEA Foundation along with SELCO Foundation will sustainably upgrade 25,000 primary health facilities in 12 states of the country by 2026

UP govt cancels smart meter tenders of Adani, GMR group companies

Meanwhile, Purvanchal has floated fresh tenders after dividing the districts under its jurisdiction into three clusters instead of just one

Coffee Day Enterprises' total default at Rs 436.06 crore in Jan-Mar qtr

Coffee Day Enterprises Ltd (CDEL) has reported a total default of Rs 436.06 crore for the quarter ending on March 31, 2023

Godrej Consumer to invest Rs 100 crore in early-stage consumer fund

The fund's first round of Rs 150 cr continues to invest in firms at Series A and beyond. The Early Spring Fund will now also invest Rs 5-20 cr in each company, from seed to pre-series A

ChatGPT like alien intelligence but lacks human-like reasoning: Rosedale

Rosedale compared the current state of generative AI to the early days of the internet when there was a lot of excitement, opportunity, and uncertainty about what would happen next, reports ZDNET.

Microsoft rolls out Edge's AI image generator to everyone on desktop

Microsoft has announced that its OpenAI's DALL-E-powered AI image generator is now available on desktop for Edge users around the world.

GCPL to invest Rs 100 cr in early-stage consumer startups in India

Godrej Consumer Products Limited (GCPL) on Saturday said they will invest Rs 100 crore in Early Spring, a new Rs 300 crore early-stage consumer fund being set up by Spring Marketing Capital (Spring).

Airbus deliveries down 11% to 127 jets in Q1, supply chain issues to blame

Airbus last year clawed back two deliveries to reflect Western sanctions on Russia

Adani Power's thermal plant in Jharkhand begins commercial operation

Adani Power Ltd (APL) on Friday said a 800 MW unit at its thermal plant in Jharkhand has begun commercial operations

FY24 procurement target through GeM likely to set at Rs 2.5 trillion

The next growth is expected to come from works contract, services and states

Avaada Energy gets 421 MW solar project from Damodar Valley Corporation

Renewable energy company Avaada Energy on Friday said it has bagged a 421 MW solar project from Damodar Valley Corporation (DVC).

Unfinished business: ONGC facing question marks over future structure, role

This is an unnecessary overhang, since the company has not been on an investment spree

Byju's lenders ready for loan restructuring but want $200 mn prepayment

Byju's has volunteered to raise the interest rate for the loan by about 200 basis points (bps), but it has not agreed to the prepayment clause so far

Kalyani Forge's CFO Laxmi Narayan Patra resigns due to personal reasons

Forging company Kalyani Forge on Friday said its Chief Financial Officer (CFO) Laxmi Narayan Patra has resigned.

$500,000 worth Apple products, including 436 iPhones, stolen from US store

Thieves stole $500,000 worth of iPhones, iPads and Watches after breaking into an Apple store inside of a mall in the US.

Twitter to show 50% less ads with better visibility to Blue subscribers

In order to woo more users, Elon Musk-run Twitter will now show at least 50 per cent less ads to Blue subscribers, along with a boost in their visibility on the platform.

SFL's powertrain components division receives General Motors award

This is the tenth time that SFL has received the Supplier of the Year award, underlining the company's dedication to delivering quality products that exceed GM's expectations

Samsung Electronics cuts memory chip production as profit declines

Samsung Electronics said Friday it's cutting the production of its computer memory chips in an apparent effort to reduce inventory as it forecasted another quarter of sluggish profit.