Page 1121 - Company News
Amazon rolls out independent cloud for Europe to address privacy standards
Amazon is rolling out an independent cloud for Europe as it looks to address strict regulations that companies and those in the public sector face in the European Union
 "Amazon rolls out independent cloud for Europe to address privacy standards")
MS Dhoni-backed drone startup Garuda Aerospace raises funding of Rs 25 cr
"This fresh capital infusion will play a crucial role in accelerating our growth and enhancing our capabilities to meet the escalating market demand," said Agnishwar Jayaprakash
 "MS Dhoni-backed drone startup Garuda Aerospace raises funding of Rs 25 cr")
IOC starts producing 'reference' petrol, diesel for testing automobiles
These reference fuels are used for emission testing of vehicles equipped with spark-ignition engines
 "IOC starts producing 'reference' petrol, diesel for testing automobiles")
Microsoft-backed AI safety forum names first director, plans advisory board
The Frontier Model Forum is backed by ChatGPT-owner OpenAI, Microsoft, Google's parent Alphabet and AI startup Anthropic
 "Microsoft-backed AI safety forum names first director, plans advisory board")
Microsoft extends cloud lead over Alphabet, focuses on OpenAI, big clients
Gains in the shares of Microsoft were set to add about $90 billion to its market capitalization.
 "Microsoft extends cloud lead over Alphabet, focuses on OpenAI, big clients")
Boeing trims annual 737 delivery forecast due to supplier errors
It also plans to meet a delivery target of at least 70 widebody 787 Dreamliners in 2023 and is transitioning from a production rate of four to five jets per month
 "Boeing trims annual 737 delivery forecast due to supplier errors")
CRC Group eyes Rs 1,200 cr revenues from new commercial project in Noida
The company has acquired 11 acres land in Sector 140 A, Noida in Uttar Pradesh to develop a Grade-A integrated IT/ITeS commercial project
 "CRC Group eyes Rs 1,200 cr revenues from new commercial project in Noida")
TVS Motor onboards ION Mobility to enter sports scooter sector in Indonesia
The five-day Indonesia Motorcycle Show (IMOS) commences on Wednesday in Jakarta
 "TVS Motor onboards ION Mobility to enter sports scooter sector in Indonesia")
New Renault Duster to get three engine options; global debut on Nov 29
The new Duster will likely be launched in the Indian market by 2025. Along with the 5-seater Duster, Renault is planning to launch a 7-seater version of the car which will be called "Bigster"
 "New Renault Duster to get three engine options; global debut on Nov 29")
GIC collaborates with Vedanta's Sterlite Transmission for $1 bn venture
GIC will put up $500 million in the infrastructure business for a 49 per cent stake. This investment will depend on Sterlite Power winning project tenders
 "GIC collaborates with Vedanta's Sterlite Transmission for $1 bn venture")
TCS to revise rates for staffing cos to enhance transparency, better talent
The changes in rate cards are for contract staffing employees and not for permanent employees. TCS is revamping its hiring mechanism
 "TCS to revise rates for staffing cos to enhance transparency, better talent")
Can electric vehicle maker BYD Auto put its India dreams back on track?
To reach anywhere close to the 30% target, BYD will have to introduce affordable electric cars that can generate substantial volumes, and back it up with a strong network
 "Can electric vehicle maker BYD Auto put its India dreams back on track?")
Anil Agarwal's Vedanta appoints Ajay Goel as chief financial officer
Goel's last stint with Vedanta was as acting chief financial officer from October 2021 to April this year
 "Anil Agarwal's Vedanta appoints Ajay Goel as chief financial officer")
Tata-owned Air India Express to double its pilot count in next one year
Air India Express is in the process of merging low-cost domestic carrier AirAsia India with itself, and last week unveiled its new brand identity
 "Tata-owned Air India Express to double its pilot count in next one year")
India Inc turns more diverse for positions higher up the ladder: EY India
Women account for 23% of permanent employees; differently abled make up less than 1%
 "India Inc turns more diverse for positions higher up the ladder: EY India")
Driving the change: Luxury car buyer is getting younger in India
Around 59 per cent of BMW buyers (in the luxury class) are aged between 31 and 45 years, and 35 per cent of its buyers are existing customers
 "Driving the change: Luxury car buyer is getting younger in India")
79% consumers fed up with excessive convenience fee: LocalCircle survey
These charges, levied by ticket or service booking platforms like BookMyShow, PVR, IRCTC, can be as high as 20 per cent of the transaction value in some cases
 "79% consumers fed up with excessive convenience fee: LocalCircle survey")
RGIC takes legal opinion on Hinduja's plan to extinguish ESOPs of RCAP
The legal opinion was necessitated as IIHL in its resolution plan for Reliance Capital has sought to extinguish all employees stock option plans
 "RGIC takes legal opinion on Hinduja's plan to extinguish ESOPs of RCAP")
Stationery player Cello World sets IPO price band at Rs 617-648 per share
The issue will open for public subscription on October 30 and conclude on November 1, and the anchor book of the offer will be opened for a day on October 27, according to the red herring prospectus
 "Stationery player Cello World sets IPO price band at Rs 617-648 per share")
From Adani to Torrent, India Inc taps overseas funds for local M&As
Adani, Hinduja, Torrent raise funds for acquisitions
 "From Adani to Torrent, India Inc taps overseas funds for local M&As")