Page 1181 - Company News

Dunzo defers employee salaries for June and July yet again to November

The startup had previously deferred the June and July salaries of over 50 per cent of its workforce of 1,000 to the first week of September

Everstone offloads 25% stake in Restaurant Brands via block deals

The private equity firm will retain a 15.44 per cent stake in the company, which operates the Burger King brand of fast-food restaurants in the country

Axis Bank investment banking unit's co-CEO Chirag Negandhi resigns

Axis Capital, one of the country's biggest investment banking firms, has been a part of some successful initial public offerings over the past year, including Cyient DLM, Mankind Pharma, Bikaji Food

Pilot shortage pulls down Akasa Air's market share to 4.2% in August

IndiGo maintained its lead as the country's largest airline with its market share pegged at 63.3 per cent in August

ZebPay partners with Brave browser to enable Indian users to earn tokens

Users will be able to connect a ZebPay account to their Brave Rewards wallet to earn these tokens

Green funding: SBI to bundle home loans with rooftop solar installations

Given risks involved in long-term forex loans, SBI urged multilateral lenders to allow borrowing banks to hedge their exposures so that green, financial inclusion funding can be more sustainable

VECV to supply 1,000 electric buses to GreenCell Mobility in 5 years

NueGo is already operating in over 30 cities, including Delhi, Chandigarh, Dehradun, Agra, Jaipur, Ludhiana, Bhopal, Indore, Hyderabad, Vijayawada, Bengaluru, Tirupati, Chennai and Pondicherry

Srinivasan K Swamy elected as chairman of Audit Bureau of Circulations

Srinivasan K Swamy, executive chairman of R K Swamy Hansa Group, currently serves as the chairman of the Asian Federation of Advertising Associations

Toyota on track to hit record sales in India helped by Suzuki partnership

Toyota's India business has been the biggest beneficiary of its global partnership with Suzuki which allows the two Japanese carmakers to share technology and vehicles

Inflection Point Ventures announces full exit from Koovers at 47% IRR

Founded in 2016, Koovers is a B2B e-commerce platform specializing in supplying auto parts to independent workshops and the aftermarket sector

Britain to pump $621 million into Tata Steel to decarbonise Welsh plant

Tata Steel currently employs more than 8,000 people, raising the prospect that there will be as many as 3,000 redundancies as the lower-carbon electric furnaces are less labour intensive

Ashok Leyland to set up bus plant in Uttar Pradesh, invest Rs 1,000 cr

Commercial vehicle manufacturer's first such facility in the state will initially produce 2,500 buses annually

Pernod Ricard faces India antitrust probe for boosting market share

The Competition Commission of India (CCI) has been pursuing the matter actively since early this year after senior members reviewed the case filed by Pernod's Indian rival, Radico Khaitan

Ashok Leyland, UP govt sign MoU to set up greenfield bus plant in state

Under this partnership, Ashok Leyland will focus on production of electric buses, and will assemble other vehicles powered by available fuels, as well as emerging alternative fuels

SpiceJet clears $1.5 million payment due to Credit Suisse after SC warning

On September 12, the apex court asked Singh to pay $500,000 towards an instalment to the Swiss firm along with a $1 million defaulted amount

E-com retailers may clock about Rs 90k cr during festive sales: Redseer

This is 18-20 per cent higher than last year and will be driven by about 140 million shoppers who are expected to be transacting online at least once during this festive month

Infosys signs $1.5 bn contract to leverage AI solutions for 15-yr period

In July, Infosys signed a $2 bn deal with an existing client to provide AI and automation services for five years

Oil India Ltd to invest Rs 25,000 crore in renewable energy by 2040

The company will invest in green hydrogen, solar, geothermal energy, 2G ethanol plant, compressed biogas plants, and carbon capture utilisation and storage (CCUS)

SAP's India arm eyes more patents, jobs amid artificial intelligence push

The company, which looks to double its AI talent base by 2024, expects "3,000 new joinees to enter the organisation every year", Gangadharan said

NSE makes more money than 98% of companies listed on it, shows data

Low competition has led to rise in profits as markets surge