Companies | The Indian Express

Mahindra & Mahindra to unveil ‘Thar Roxx’ SUV on August 15

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 FY25

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 crore

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% sequentially

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.

Birlas-owned UltraTech buys 23% in India Cements, triggers speculation of takeover

June 28, 2024 04:03 IST

UltraTech Cement Ltd, owned by the Aditya Birla group, has acquired a 23 per cent stake in India Cements Ltd (ICL), triggering speculation about a takeover of the South-based cement major now controlled by N Srinivasan and family. The move marks a further intensification of the battle for control of India’s cement market, which was […]

UltraTech Cement to acquire 23% stake in India Cements for over Rs 1,900 cr

June 27, 2024 22:12 IST

UltraTech will become the second largest shareholder in the ICL, which has a manufacturing capacity of 16 MTPA, including 1.5 MTPA from its subsidiary Trinetra Cement Ltd.

Jio to raise mobile services rates by 12-27% from July 3, limits free 5G access

June 27, 2024 23:02 IST

As of now, subscribers availing plans priced above Rs 239 are able to access unlimited free 5G service and the rest of the customers have to top up their plan with a Rs 61 voucher for availing unlimited 5G service.

Zomato extends its ‘restaurant services hub’ offering pan-India

June 27, 2024 19:09 IST

Through its restaurant services hub, Zomato currently offers services related to staffing and licensing essentials to restaurants.

25% of new hires are married women; nearly 70% of workforce are women: Foxconn

June 27, 2024 13:00 IST

The Ministry of Labour and Employment on Wednesday has sought a detailed report from the Tamil Nadu labour department on the issue of married women not being allowed to work at the Foxconn India Apple iPhone Plant, media reports said.

Jio buys spectrum in 2 circles for Rs 973.63 crore

June 27, 2024 05:10 IST

Akash M Ambani, Chairman, Reliance Jio Infocomm, said, “this new spectrum acquisition will continue to enable us serving aspirations of the new India, in terms of growing traffic demands and superior customer experience, which is no longer limited to only urban markets.”

Dr Reddy’s inks pact with Haleon plc to acquire its NRT portfolio for GBP 500 Mn

June 26, 2024 22:43 IST

Dr Reddy’s Laboratories Ltd on Wednesday said it has signed a definitive agreement with Haleon plc, a leading consumer healthcare company, for purchase of shares of its group company Northstar Switzerland SARL, to acquire a global portfolio of consumer healthcare brands outside of the United States for a total consideration of GBP 500 million. A […]

Ford recalls over 550,000 pickup trucks because transmissions can suddenly downshift to 1st gear

June 25, 2024 17:19 IST

The recalls come after US auto safety regulators in March began investigating complaints that more than 540,000 Ford pickup trucks from 2014 can abruptly downshift to a lower gear and increase the risk of a crash.

Prosus writes off $493 mn investment in Byju’s

June 25, 2024 03:48 IST

Prosus is a global technology group with businesses and investments in growth markets around the world.

Amul looks to expand products range in US market

June 22, 2024 09:54 IST

Jayen Mehta, Managing Director, Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL) said that milk has become India's greatest agricultural crop and that within the next decade, the country will account for one-third of global milk output.

Nvidia set to solidify position as world’s most valuable company

June 20, 2024 20:54 IST

Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add more than $92 billion to its market value of $3.34 trillion at $139.35, compared with Microsoft's $3.32 trillion.

Vodafone to sell Indus Towers stake worth $1 billion

June 19, 2024 08:03 IST

The block deal for Indus Towers is likely to be launched at a 9.9 per cent discount to the stock's current market price, according to the term sheet of the stake sale.

Apple kills off its buy now, pay later service barely a year after launch

June 18, 2024 23:05 IST

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the US, and will rely on companies who already dominate the industry like Affirm and Klarna. It’s an acknowledgement from a company known for producing hit products that building a financial services business […]