Page 1122 - Company News

Indian technology companies sacked more staff this year than in 2022

Ed-tech, food-related firms are among the sectors which have been worst affected

BAM Digital Realty appoints CB Velayuthan as Chief Executive Officer

BAM Digital Realty in July had announced that Reliance Industries would be joining the entity as an equal partner to form a three-way joint venture

ONGC wins bid to acquire PTC India's wind power unit for Rs 925 crore

In a stock exchange filing, India's top oil and gas producer said it has over the years diversified into the petrochemicals and power business besides growing its core business of finding hydrocarbons

NCEL gets Rs 7,000 cr orders, to share profit with member farmers: Shah

NCEL, which was established on January 25, is negotiating orders worth Rs 15,000 crore, he said after launching a logo, website and brochure of the cooperative export body

Supriya Life targets 1-2% global mkt share with oral cancer detection kit

Quickblue is designed to detect oral cancer swiftly, eliminating the need for extensive preclinical and clinical trials

Hindustan Foods Ltd to invest Rs 100 cr to in sports shoes manufacturing

Hindustan Foods Limited has entered into a sales and purchase agreement (SPA) to acquire 100 per cent of the shareholding of KNS Shoetech Private Limited from its existing shareholder

Virat Kohli, Anushka Sharma's Nisarga forays into motorsports events

As a partner, Elite Octane will execute various activities and create new platform segments, especially in the domains of motorsports and entertainment

Aurobindo Pharma arm receives FDA nod for Testosterone Cypionate injection

According to research firm IQVIA, the approved product has an estimated market size of $226.8 million for the twelve months ending August 2023

Genus Power Infrastructures arm bags order worth Rs 3,121.42 crore

Genus Power Infrastructures said that there is a possibility of seeing a "consistent and noteworthy surge" in order volumes over the upcoming quarters of the financial year 2023-24

As competition intensifies, UB attempts market expansion in premium segment

United Breweries account for about 50% of the segment which AB InBev follows at around 25%, while Carlsberg is the third largest company in the space with a share of around 18%

Voltas working to transform into a full-fledged home appliance maker

Voltas is also reviving its plan to make AC compressors locally in partnership with a South Korean or Japanese firm

Former Barclays banker Ashok Vaswani to head Kotak Mahindra Bank

The RBI has approved the appointment of Vaswani as the Bank's MD and CEO for a three-year period from date of taking charge which shall not be later than January 1, 2024

Peak XV's scale-up programme Surge announces the ninth cohort of startup

In Australia and Singapore, companies are developing platforms with emerging technologies in AI, deeptech and SaaS - a reflection of the remarkable growth these sectors have seen in recent years

Hyundai, vendors set to line up Rs 10,000 crore for Talegaon plant

Tata Motors and Ford India signed deal for the latter's Sanand unit for Rs 725 cr in 2022

2W replacement tyre demand in rural market yet to see full revival: CEAT MD

With crude prices rising again after the recent geopolitical disturbance, there is uncertainty over crude-based raw material costs and if prices increase it could be a dampener to future growth

Tata Motors developing new petrol engine to power premium SUV range

In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said the engine is being developed and will be featured in the two models going ahead

Air India Express will focus on routes with price-sensitive customers: MD

He said that the Air India Express network will be structured in a manner that it flies to the destinations where Air India does not fly as it at present has different priorities

CPCB fines IOC, BPCL for not installing pollution control devices

BPCL said it is "examining the notice and would be giving appropriate reply requesting the CPCB not to proceed further and discharge the company from the notice"

Akasa Air plans to list on bourses by end of the decade: CEO Vinay Dube

Currently, Akasa Air has a fleet of 20 aircraft and is looking to place an order for three-digit aircraft before the end of 2023, he noted

Black Box targets $1 bn revenue by next fiscal, buoyed by rising demand

On Wednesday, shares of Black Box closed at Rs 204, giving the company a total valuation of Rs 3,427 crore