Page 1047 - Company News

Electric cycle startup EMotorad raises Rs 164 crore in Series B round

Founded in 2020 by Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar, the company said it has achieved over Rs 300 crore revenue returns in just three years

MapmyIndia board approves Rs 500 cr fundraise plan by way of QIPs

The company's board also approved constitution of a committee for all matters relating to the fundraising through QIP

LIC keen to keep part of its stake in IDBI Bank for bancassurance gains

Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank but may not exit completely, LIC Chairman Siddhartha Mohanty said

Business as usual in Raymond: CMD Gautam Singhania amid family feud

Earlier this month, Singhania said he has separated from his wife Nawaz, in an announcement that came amid speculation over the future of the 32-year relationship

Sembcorp Industries to acquire 428 MW wind assets in India, China

With this acquisition, the company now has a balanced portfolio of 3.7 GW of renewable assets, comprising 2.25 GW of wind and 1.45 GW of solar assets

Edtech major Byju's elevates Jiny Thattil to CTO as Anil Goel moves on

This transition is part of the company's ongoing strategic restructuring and reorientation of its leadership team to further enhance operational efficiency

After Air India, IndiGo launches AI-powered chat assistant for customers

While Maharaja is powered by Microsoft's Azure OpenAI service, 6Eskai is powered by Microsoft's GPT-4 technology

Ganga Realty plans over Rs 1,000 cr investment on Gurugram housing project

Real estate developer Ganga Realty will build 302 apartments in this project 'Nandaka 84', which is spread over 8.33 acres. The housing project will be completed by 2028

Blue Dart Express launches 40 new franchisees, company-owned retail outlets

With this expansion, the company increased its footprint with over 100 plus new stores this year, enabling customers to ship to more than 56,000 locations across India

Amazon India launches initiative for individuals with learning disabilities

The e-commerce giant rolled out a successful pilot of the programme with a non-profit Mumbai-based organisation Sol ARC in harnessing the talent of a batch of young adults in its delivery stations

Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs

Audi India registered an 88 per cent growth and has retailed 5,530 units in the first nine months of this year

Tata Steel appoints Akshay Khullar as VP of Engineering and Projects

Tata Steel has also re-designated Peeyush Gupta as the Vice President TQM, group strategic procurement and supply chain of the company

Airbus to expand Tata tie-up to strengthen India's defence supply chain

The objective of the partnership between Airbus SAS and Tata Advanced Systems is to meet the demand for military transport aircraft as India replaces its ageing military transport fleet

Audi India to hike prices of vehicles by up to 2% from January 2024

The price hike will be effective from January 1, 2024 and will be across the model range, Audi India said in a statement

AI firm BRAIIN Holdings forays into India, plans to invest $100 million

Through several synergistic acquisitions, the company's market capitalization increased from $215 million to $572 million over the past six months

Toyota expects Indian PV market to carry momentum of 2023 into 2024: Gulati

While the SUVs are expected to witness fast growth in general in 2024, the mid to higher end of the segment will also see faster acceleration, although the small cars category will remain a concern.

Murthy's Catamaran plans to invest in precision manufacturing companies

"We are trying to invest in those companies which can export and make components in deep tech, and automobile," Ranganath said

Macrotech aims to trim net debt to below Rs 6,000 cr by March: MD Lodha

Lodha said the company had a strong performance during the September quarter on all important metrics

Saya Group to infuse Rs 4,000 cr in next 3 yrs in Noida, Ghaziabad projects

The development includes 2.33 million square feet commercial area where it will invest Rs 2,500 crore besides Rs 1,500 crore in luxury high-end residential project in Ghaziabad's Indirapuram

ED searches realty major DLF in money laundering case against Supertech

The central agency has recovered some documents during the action that was carried out over the past few days, official sources said