Page 1048 - Company News
Retail major Walmart sources bicycles from India, partners Hero Ecotech
Hero Ecotech has designed a cruiser-style bike for Walmart carrying the Concord brand available in both adult-sized men's and women's versions adding to the company's growing bicycle offerings
 "Retail major Walmart sources bicycles from India, partners Hero Ecotech")
Indian developer community cheers Epic Games win against Google in the US
In the latest case, the jury also observed that the company hurt competition by tying Google Play store with its payment services
 "Indian developer community cheers Epic Games win against Google in the US")
ITC's FMCG biz grows at 14% CAGR in last 3 yrs, Aashirvaad Rs 8k cr brand
Its brand Fiama is over-indexed on new age distribution channels. Its hygiene brand Savlon, which was acquired in 2015 has grown almost 10x in the last six years
 "ITC's FMCG biz grows at 14% CAGR in last 3 yrs, Aashirvaad Rs 8k cr brand")
The Infosys saga: A leadership factory or a company facing crisis
The company has seen nine senior level exits in 2023 alone
 "The Infosys saga: A leadership factory or a company facing crisis")
RIL, Brookfield Infra, Digital Realty set up data centre joint venture
The three companies entered into an agreement in July 2023 to invest in their existing special purpose vehicle Digital Connexion for developing data centres in India
 "RIL, Brookfield Infra, Digital Realty set up data centre joint venture")
SBI Mutual Fund buys 1.5% stake Karur Vysya Bank for Rs 190 crore
According to the bulk deal data available with the BSE and NSE, SBI Mutual Fund (MF) purchased a total of 1,20,00,000 shares, amounting to a 1.5 per cent stake in Karur Vysya Bank
 "SBI Mutual Fund buys 1.5% stake Karur Vysya Bank for Rs 190 crore")
Deal activity doubles in Nov to $6.5 bn as large transactions surge: Report
In October, the total deal activity in India was pegged at USD 2.687 billion in value terms, consultancy firm Grant Thornton Bharat said in the report
 "Deal activity doubles in Nov to $6.5 bn as large transactions surge: Report")
ITC to ramp up hotel room inventory by 50% in the next five years
The company, at its institutional investors and financial analysts day on Tuesday, said that it was targeting to reach 200 hotels
 "ITC to ramp up hotel room inventory by 50% in the next five years")
Apple offers to let rivals access tap-and-go tech in antitrust case: Report
The European Commission is likely to seek feedback next month from rivals and customers before deciding whether to accept Apple's offer, the people said
 "Apple offers to let rivals access tap-and-go tech in antitrust case: Report")
BBC World Service India to restructure shareholding for FDI norm compliance
In response to the Centre's FDI guidelines, BBC World Service India, 99.99 per cent owned by BBC, may initiate a shareholding restructuring, potentially involving stake offerings to key executives
 "BBC World Service India to restructure shareholding for FDI norm compliance")
Tata Motors reports highest-ever monthly retail sales in November
The company also witnessed strong sales performance in the 47 days long festive period this year with registrations of around 79,374 units, up 18 per cent over the same period of last year
 "Tata Motors reports highest-ever monthly retail sales in November")
How well can govt's dark pattern rules curb customer manipulation online?
You looked for tickets on a travel website and it showed a particular price. But, within minutes, the price increased
 "How well can govt's dark pattern rules curb customer manipulation online?")
Boeing within range of airplane delivery goal after strong November
Deliveries for last month were the highest since June and included 45 737 MAXs and one P-8 maritime patrol aircraft, Boeing said, confirming a Reuters report from last week
 "Boeing within range of airplane delivery goal after strong November")
BBC staff to launch Indian language services company in line with FDI norms
The broadcaster is under scrutiny for alleged foreign exchange violations in India and an investigation was launched shortly after tax authorities searched BBC's offices in Delhi and Mumbai in Feb
Ashneer Grover approaches NCLT seeking reinstatement as BharatPe MD
Ashneer Grover also sought the revocation of the termination of his wife Madhuri Jain Grover and directions to revert any new shares issued by the firm since his resignation
 "Ashneer Grover approaches NCLT seeking reinstatement as BharatPe MD")
Adani Group contractor probed by govt resurfaces under a new name
The contracting firm - Howe Engineering Projects (India) Pvt Ltd. - contains the core operations of a business called PMC Projects Pvt Ltd. that India's government alleged in 2014 was being used
 "Adani Group contractor probed by govt resurfaces under a new name")
Adani Ports to raise $600 million through non-convertible debentures
The company, which operates 13 ports and terminals in the country including its largest container handling port
 "Adani Ports to raise $600 million through non-convertible debentures")
SpiceJet board okays Rs 2,250 crore fundraising from 64 investors
Airline slips back to loss in second qtr
 "SpiceJet board okays Rs 2,250 crore fundraising from 64 investors")
KPIT unveils India's 1st sodium-ion battery tech, looks at revenues in a yr
The technology, developed in-house by researchers at the city-based company over the last eight years, will be put through external testing, and deliver revenues after a year
 "KPIT unveils India's 1st sodium-ion battery tech, looks at revenues in a yr")
SpiceJet-Wilmington Trust SP Services in deadlock over rental agreement
Spicejet said that as per the repayment schedule of arrears they received, the total amount due from February to December alone was $1,560,011