Companies 2

Air India signs pact with MedAire for enhanced in-flight healthcare

The medical team will assist in assessing the medical situation and recommend the course of care, Air India said in a statement.

Weekly tactical pick: why this IT services major looks interesting post correction

The current fiscal year may remain soft, but the company should benefit in the long run from enhanced technology budgets

Walmart lifts full-year sales and profit forecast, shares hit record high

Walmart reported first-quarter adjusted earnings of 60 cents per share, easily beating the 52-cent average forecast. Total revenue of $161.51 billion also topped estimates.

Adidas plans cheaper versions of popular shoes

Adidas will offer similar versions of the Samba and other shoes for $60 to $80, more affordable entry points than the $100 to $150 price tag for the main shoe lines

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff

The energy team that was assigned to take over charging-network management has some similar design and construction roles, two of the former Tesla employees said

Chevron prepares for North Sea exit after more than 55 years

Chevron has said it would sell between $15 billion to $20 billion in assets as part of its planned acquisition of Hess, which has hit a stumbling block due to a legal conflict with rival Exxon over assets in Guyana

Vedanta plans to reduce debt with Rs 8,500 crore fundraising

The board approved a dividend payment of Rs 11 per share for the financial year 2024-25.

Air passenger traffic in India to touch 407-418 mn this fiscal: Icra

According to the rating agency, airport operators, regulator and other stakeholders have made significant progress in resolving the long-pending issues

Air India eased be State or its instrumentality under Article 12 post disinvestment: SC

The apex court noted that AIL was a government entity on the date of filing of the writ petitions before the high court and the pleas came to be decided after a significant delay

Dow, S&P 500, and Nasdaq touched record closing highs as CPI slows | Hopes of Fed rate cut grow

Indices on Wall street notched up to record closing highs after a smaller-than-expected rise in consumer inflation bolstered hopes for interest rate cuts by the Federal Reserve. Tepid U.S. Consumer Price Index data for April led traders to raise bets that the Fed will cut its policy rate in September and December

Near term earnings certainty gives JSW Energy an edge over Tata Power

Low international coal prices are constraining Tata Power’s earnings growth outlook

Safari Q4 FY24 – Why is this a trustworthy travel partner in the investing journey?

Earnings should get better on the back of higher capacity, market share gain, and margin uptick

Cold-chain marketplace Celcius Logistics raises Rs 40 crore

Celcius Logistics said it aims to deploy the fresh capital to expand its footprint across its Transportation Management System (TMS) and Warehouse Management System (WMS) to further strengthen its cold storage solution.

Bharti Hexacom Q4 results: Net profit up 10% at Rs 223 crore, declares dividend of Rs 4 a share

Bharti Hexacom Q4: The company’s revenue came in at Rs 1,868 crore against Rs 1,733 crore in the year-ago period

Chart of the Day: Focus on fewer products in the US is yielding good results for Indian pharma

Companies sought fewer approvals for generic drugs in 2023 even as they stepped up focus on complex products

Canada govt imposes Rs 82 lakh penalty on Infosys for alleged underpayment of tax

Infosys said that there is no material impact on financials, operations or other activities of the company

Akasa Air to start flights to Jeddah from July 15

The launch of operations from Mumbai will be followed by the commencement of 2 weekly direct flights connecting Jeddah with Ahmedabad

Coromandel acquires additional 7% stake in drone manufacturing company Dhaksha

Coromandel will invest Rs 150 crore through fresh issue of shares to increase its overall shareholding in Dhaksha to 58% .

KPI Green Energy board okays plan to raise up to Rs 1,000 crore

Based in Gujarat, KPI Green Energy Limited (formerly known as K.P.I. Global Infrastructure Limited), is a leading renewable power generating company.

A ray of hope for gas-based power plants

Utilisation levels of gas-based power plants increased to 20.4 percent in April from 13.6 percent in March and the year ago period

Air India Express slowly restoring flights; cabin crew union says all members have joined duty

In a release on Sunday, the union said all the cabin crew who had reported sick have joined back and 'as such there is no delay on the part of the cabin crew'

Escorts Kubota plans to invest up to Rs 4,500 crore in new plant over next 3-4 years

At present, the company has a total annual tractor production capacity of 1.7 lakh units. The main plant is located in Faridabad. Its engine production capacity is 1.5 lakh units annually with Kubota engines currently being imported

Zydus Lifesciences gets USFDA nod to market generic arthritis drug in US

The company has received final approval from the US Food and Drug Administration (USFDA) to market Dexamethasone tablets (1mg), the drug maker said in a statement