Companies

Tata Motors to hike passenger vehicle prices from Saturday

May 7, 2021 5:19:40 pm

Tata Motors noted that it would offer protection from the price increase to customers who have booked vehicles on or before May 7.

Adani Power posts Rs 13.13 crore net profit in March quarter

May 6, 2021 5:27:09 pm

Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India.

Honda Cars advances maintenance shutdown of manufacturing plant amid COVID surge

May 6, 2021 4:30:43 pm

The Japanese automaker, which sells models like Amaze and City, has decided to shut production at its Tapukara-based facility for 12 days starting from May 7 in order to curtail spread of coronavirus infections.

ArcelorMittal posts $2,285 million net income in March quarter

May 6, 2021 3:08:48 pm

The world's largest steelmaker had posted a net loss of USD 1,120 million in the year-ago quarter, the company said in a statement.

Revolt Intellicorp hits pause button on fresh bookings

May 6, 2021 11:32:34 am

Due to overbooking, Revolt has paused taking any fresh bookings on its website post receiving an overwhelming response from the consumers, the company said in a release.

WhiteHat Jr withdraws defamation case against software engineer

May 6, 2021 3:11:38 am

Poonia had claimed that WhiteHat Jr was making false claims which had not been verified and that the company’s trainers did not have the required knowledge to take classes.

Post-acquisition plans for BigBasket: Operational rejig, roping in new faces

May 5, 2021 3:01:20 am

While incumbent BigBasket CEO Hari Menon is likely to continue in a management role, other senior members may be provided “a reasonable option” for exit, one of the persons said.

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Accenture pledges $25 million for pandemic relief efforts in India

May 4, 2021 6:02:18 pm

This is in addition to the company's ongoing investments in people and communities, Rekha M Menon, Chairperson and Senior Managing Director of Accenture in India, said in a blog post on LinkedIn.

Verizon selling Yahoo, AOL unit to Apollo in USD 5 billion deal

May 3, 2021 7:13:02 pm

Verizon said Monday that it will keep a 10 per cent stake in the new company, which will be called Yahoo.

Mahindra & Mahindra advances annual maintenance plant shutdown to May

May 3, 2021 6:11:57 pm

The maintenance of four working days was originally scheduled for June 2021, Mahindra & Mahindra (M&M) said in a regulatory filing.

Bajaj Auto sells 1,34,471 units in domestic market in April

May 3, 2021 12:38:29 pm

Bajaj Auto did not sell any two-wheelers or commercial vehicles in the domestic market in April 2020.

RIL Q4 net more than doubles on O2C, retail, digital

May 1, 2021 1:36:28 am

Reliance Industries Ltd (RIL) on Friday reported a consolidated net profit of Rs 13,227 crore for the quarter ended March 2021, up 108 per cent from Rs 6,348 crore logged in the corresponding quarter of last year.

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Marico Q4 net profit up 14% at Rs 227 crore; sales rise 34.5%

April 30, 2021 5:10:48 pm

During the period, domestic sales were up 37.35 per cent to Rs 1,574 crore as against Rs 1,146 crore from a year ago.

Walmart, Flipkart, associate entities to scale up support for India’s COVID-19 battle

April 30, 2021 1:39:33 pm

Walmart businesses worldwide are working together to procure vital oxygen concentrators and other equipment.

Wipro ups IT services revenue guidance to 8-10 per cent in June quarter

April 30, 2021 1:01:14 pm

While announcing its March quarter results earlier this month, Wipro had said it expects to log a sequential growth of 2-4 per cent in its IT services revenues in the June 2021 quarter without including revenue from Capco and Ampion acquisitions.

Honda Motorcycle & Scooter to halt output at plants from May 1-15

April 30, 2021 4:20:23 am

The company has manufacturing plants at Manesar in Haryana, Tapukara in Rajasthan, Narsapura in Karnataka and Vithalapur in Gujarat.

Health, hygiene and nutrition push HUL Q4 net up 41%

April 30, 2021 4:16:15 am

HUL said the domestic consumer growth was at 21 per cent with underlying volume growth of 16 per cent.

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Rahul Bajaj resigns as Chairman of Bajaj Auto

April 29, 2021 4:29:18 pm

Niraj Bajaj, non-executive Director of the company, has been appointed as Chairman of Bajaj Auto with effect from May 1.

Tatas deal to buy up to 64.3% stake in BigBasket gets CCI approval

April 29, 2021 1:06:21 pm

Under the deal, Tata Digital Ltd (TDL) will purchase up to 64.3 per cent of the total share capital of Supermarket Grocery Supplies Pvt Ltd (SGS) as well as SGS sole control over Innovative Retail Concepts Pvt Ltd.

Maruti Suzuki advances factory shutdown for maintenance purposes amid surge in COVID-19 cases

April 28, 2021 4:58:57 pm

The auto major was supposed to take the shutdown of its two plants in Gurugram and Manesar in June, but due to the tsunami of COVID-19 cases, it decided to take it one month earlier in order to save oxygen for medical needs.

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Maruti Suzuki Q4 consolidated net profit dips 6% to Rs 1,241 crore

April 27, 2021 3:20:22 pm

However, revenue from sale of products stood at Rs 22,959.8 crore as compared with Rs 17,187.3 crore earlier, up 33.58 per cent.

Data of almost 20 million BigBasket users leaked from November 2020 hack

April 27, 2021 3:01:40 am

Last year, when the hack was reported, BigBasket said it had filed a police complaint in with Cyber Crime Cell in Bengaluru and was verifying claims made by cyber experts.

Tamil Nadu allows Vedanta’s Sterlite Copper to reopen: All you need to know about the plant

April 26, 2021 8:28:48 pm

Vedanta in a statement said that it was committed to making the entire production capacity of 1,000 tonnes available for the purpose of producing medical-grade oxygen.

Reliance, BP start up second deepwater gas field in KG-D6 block

April 26, 2021 10:47:57 am

Reliance-BP, who had commenced output from R Cluster in December last year, started production from the Satellite Cluster, the two firms said in a statement.

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Nazara Technologies clocks 84% jump in FY21 consolidated revenue at Rs 454.2 crore

April 23, 2021 3:16:51 pm

Nazara Technologies delivered consolidated revenue of Rs 454.2 crore (unaudited) in FY21, 84 per cent rise over FY20, when it stood at Rs 247.5 crore, Nazara said in a regulatory filing late on Thursday.