Page 1168 - Company News

Zerodha profit and revenue up 39% at Rs 2,907 cr and Rs 6,875 cr in FY23

Zerodha's active user base has crossed 6.4 million, CEO Nithin Kamath says maintenance and onboarding charges to continue despite high competition

Ambani's children will get no salary, only fee for attending board meetings

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Omaxe Group acquires over 5 acres of 'prime' land in Ludhiana for Rs 220 cr

Omaxe will develop both residential and commercial projects on this land parcel

Omaxe Group acquires over 5 acres of land in Ludhiana for Rs 220 crore

The group has another 22 million sq ft of space under construction

Infosys partners with Microsoft to accelerate adoption of GenAI

Both companies will enable enterprises to take an AI-first approach and help improve operational efficiencies, drive revenue growth, and enable business transformation

Axis Bank plans to extend its network in Gujarat by adding 28 more branches

Axis Bank plans to extend its branch network in the state by adding 28 more branches and 69 new ATMs this financial year, as it aims to enhance accessibility for the people of Gujarat

GalaxEye, ideaForge to build foliage penetration radar for armed forces

The MoU also includes the development of a high-resolution 3D imaging foliage-penetrating radar

Bajaj Auto launches Pulsar N150 at a starting price of Rs 1.18 lakh

The bike is available in three colours: Racing Red, Ebony Black, and Metallic Pearl White

India demands $150 mn in taxes from Tiger Global-backed gaming firm Dream11

Dream11 has filed a lawsuit in the High Court in Mumbai challenging the notices, court papers showed. The case is likely to be heard in coming days

Alibaba starts restructuring with plan to list logistics arm in Hong Kon

In the months since, the company has approved a process to start external financing for its international commerce arm and was also looking to list its cloud unit

Pegatron India's iPhone factory shutdown may go into day 3: Report

Pegatron has asked independent surveyors to assess the fire damage, a fifth source said

Govt owned WAPCOS scraps IPO plans; withdrawal reasons not disclosed

The company had filed its preliminary papers for the proposed IPO on September 26, 2022 with the Securities and Exchange Board of India (Sebi)

Beauty care firm Pilgrim raises $20 mn in funding for business expansion

Company says it will use money for brand building, research, and bolstering its offline presence

Y-Combinator-backed Mudrex becomes FIU-registered crypto platform

Mudrex has become the third crypto platform to be registered with the FIU after WazirX and CoinDCX

AI, Singapore Airlines to maintain minimum capacity on certain routes

The international routes where Air India will maintain minimum capacity/ supply level are Delhi-Sydney, Delhi-Melbourne, Delhi-Paris and Delhi-Frankfurt

Airbus names sales chief Scherer CEO of core planemaking operation

The appointment of Scherer, 61, heralds broad continuity inside the main commercial arm, which competes with Boeing and makes up about 70% of the company's revenues

Cipla introduces drone-powered critical medicine delivery in Himachal

The drug firm said it also aims to scale the service in the future through distribution to hospitals and expand market coverage to inaccessible and hilly terrains such as Uttarakhand and the Northeast

Road secy Anurag, ex-DPIIT official Anil join ONDC's advisory council

It would help small retailers expand their business through e-commerce medium and reduce dominance of giants in the sector

Air India to invest $200 million towards training its pilots, cabin crew

The airline will partner with plane manufacturers Airbus and Boeing to train its staff

EV motorcycle startup Raptee raises $3 mn pre-Series A funding round

The funds will be utilised for augmenting the manufacturing facility, acquiring machinery, tooling for the soon-to-be launched motorcycle, and to scale up the team, it said