Thursday, July 13, 2023

Akasa Air #39;well capitalised#39;, can grow much faster: CEO Vinay Dube

Akasa Air #39;well capitalised#39;, can grow much faster: CEO Vinay Dube The airline is set to complete one year of flying next month, and in the words of Dube, "we have exceeded our expectations".

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Foxconn-Vedanta JV split credit negative for UK conglomerate: CreditSights

Foxconn-Vedanta JV split credit negative for UK conglomerate: CreditSights Earlier this week, Foxconn said it had withdrawn from the JV, dumping a deal they had signed last year to set up semiconductor and display production plants in India. Vedanta on Wednesday said it would still enter the space this year having lined up partners.

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Wednesday, July 12, 2023

Varun Beverages may keep rallying after almost 1,000% surge

Varun Beverages may keep rallying after almost 1,000% surge Varun Beverages Ltd., which says it’s responsible for about 90% of PepsiCo sales in India, is set to profit from the expanded distribution of its products to remoter parts of the country, while sales should also benefit from the trend toward increasing temperatures, analysts say.

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Exclusive: Paradeep Phosphates considering stake buy in Mangalore Chemicals, say sources

Exclusive: Paradeep Phosphates considering stake buy in Mangalore Chemicals, say sources In what would be a large deal in the chemical and fertiliser space, among the options is a possible merger between Mangalore Chemicals and Paradeep Phosphates

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Tuesday, July 11, 2023

One out of 4 Mercedes-Benz cars sold in India in H1 2023 priced above Rs 1.5 crore

One out of 4 Mercedes-Benz cars sold in India in H1 2023 priced above Rs 1.5 crore Mercedes Benz India had sold 7,573 units in the January-June period in 2022.

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While collar hiring dip 3% in June on cautious recruiter sentiments: Report

While collar hiring dip 3% in June on cautious recruiter sentiments: Report Sectors such as IT (- 19 per cent), BFSI (- 13 per cent), Home Appliances (- 26 per cent), and Production/ Manufacturing (- 14 per cent) have not yet bounced back to last year#39;s hiring numbers, despite the monthly positive incline seen in a few of these industries, it said.

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NCLT reserves order on Zee Sony merger

NCLT reserves order on Zee, Sony merger The Mumbai bench of NCLT, comprising H V Subba Rao and Madhu Sinha, reserved the order on Monday, after hearing arguments from creditors who objected to the scheme including Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp and IDBI Trusteeship.

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Sanghvi Movers gains 3% on Rs 150 crore order from Renewable Power Producers

Sanghvi Movers gains 3% on Rs 150 crore order from Renewable Power Producers Reacting to the announcement, nearly 4 lakh shares changed hands at both exchanges against the monthly average of 2 lakh.

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Minda Corporation bags Rs 750 crore order for EV battery chargers

Minda Corporation bags Rs 750 crore order for EV battery chargers The product will be manufactured at wholly-owned subsidiary Spark Minda Green Mobility Systems#39; facility at Pune, Minda Corporation said in a regulatory filing.

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Monday, July 10, 2023

KAL Airways says âno questionâ of amicable settlement with SpiceJet over pending payments

KAL Airways says ‘no question’ of amicable settlement with SpiceJet over pending payments The Supreme Court had on July 7 pulled up SpiceJet and said it will have to pay over Rs 350 crore to Kalanithi Maran.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/kal-airways-says-‘no-question’amicable-settlementspicejet-over-pending-payments_17107271.html

Godrej Aerospace eyes share of GE 414 engine manufacturing

Godrej Aerospace eyes share of GE 414 engine manufacturing Godrej Aerospace will be pitching to manufacture modules of the engine, a company official told Reuters during a plant visit.

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LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...