Page 1157 - Company News

Indian EV charger maker Exicom Tele-Systems files for $48 million IPO

The company proposes to utilise the proceeds for partially financing the cost of setting up production lines at its planned manufacturing facility in Telangana

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment

Flipkart appoints Microsoft's Keshav Dhakad as senior V-P, general counsel

Dhakad has moved out of Microsoft after spending 15 years with the tech giant in various roles

Flipkart to host its 'Big Billion Days' sale event from October 8

Flipkart's chief rival, Amazon, is also hosting its flagship sale event, 'Great Indian Festival' (GIF), on October 8, with early access for Prime members beginning October 7

Cognizant appoints Wipro's Jatin Dalal as its next chief financial officer

Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer (CEO), who joined the company last October

Co-working firm EFC exploring FPO, other ways to raise funds for expansion

The company said in a statement that it has recently signed around 5 lakh square feet of office spaces in Pune, Noida, Hyderabad, and Kolkata

Eutelsat, OneWeb merge to create GEO-LEO space connectivity company

Headquartered out of Paris, the merged entity will have Bharti Enterprises as its largest shareholder with a 21.2 per cent share

CDIL 1st Indian firm to make silicon carbide chips, starts unit in Mohali

CDIL Semiconductors has also partnered with the government's Semi-Conductor Laboratory (SCL) in Mohali

Over 8 million customers expected to shop during Myntra's festive sale

With over 23 lakh styles from more than 6000 brands, the fourth edition of the Myntra BFF offers one of the biggest assortments of selections across fashion, beauty, and lifestyle ever

Air India to roll out new uniforms for frontline employees by December

The Tata Group took charge of Air India in January last year. Currently, the conglomerate is in the process of merging Vistara into Air India

Bhilai Steel Plant, Ramcharan tie up for carbon capture joint venture

This will lead to an investment of Rs 6,000 crore in the form of equipment from Ramcharan

CDIL becomes first Indian firm to produce Silicon Carbide components

"We are the first company in India to have started manufacturing of Silicon Carbide semiconductors. We have started shipping them to China, US, Europe and Australia," Gulati said

Emami enters into definitive agreement to acquire 26% of Axiom Ayurveda

Axiom has its own manufacturing facility in Ambala, Haryana and is setting up a fully automated new facility in Jammu (Kathua) at a cost of Rs 160 crore

Sun Pharma to buyout local partner Indi Pharma in Mexican subsidiary

The acquisition enables Sun Pharma to acquire the balance 25 per cent stake held by the local partner, the company said

Manipal Hospitals launches SOS QR Code to hail ambulance services faster

These ambulances have been strategically stationed at various key points throughout the city so that they can transport patients to the nearest hospital

Brookfield to invest $850 mn in development of renewable energy projects

Axis Energy Ventures will contribute its extensive portfolio of wind and solar projects at varying stages of development across the country to the venture, said a statement

Fintech firm CRED launches vehicle management platform 'CRED Garage'

The feature will be available within the CRED app

Swiss packaging firm SIG to set up first aseptic carton plant in Ahmedabad

SIG is partnering with Horizon Industrial Parks to set up its first aseptic carton plant in India, according to a company statement

HP partners with Google to manufacture Chromebooks for Indian market

The devices manufactured in India will be sold solely in the Indian market and will not be exported to other countries

BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-yr high

"The muted reaction currently is due to weak global risk appetite," Sambor, who said inflows could rise if India becomes a part of other global indices