Page 1239 - Company News

Axis Bank to raise stake in Max Life through Rs 161 crore investment

The proposed infusion by Axis Bank in Max Life will help it to support its future growth ambitions, Max Financial Services said in a statement

QwikSkills plans to hire 300 trained professionals by end of 2023

"Our goal is clear - to empower individuals with the most relevant skills, equipping them to thrive in an ever-evolving world," QwikSkills CEO

Axis Bank to infuse Rs 1,612 cr in Max Life via preferential allotment

Axis entities stake to increase to 19.02%; Analjit Singh continues to be as chairman

Kal Airways promoter seeks attachment of 50% of Spicejet's daily revenue

Spicejet's Chairman and Managing Director Ajay Singh told to appear in court on Aug 24

Mercedes-Benz India expected balanced growth between SUVs, sedans: MD & CEO

SUVs have become highly popular during the last few years but there is still a strong base of customers that love sedans, he told Business Standard.

Hinduja Renewables bags 80 MW project along banks of Narmada in MP

Asian Development Bank (ADB) is funding the common infrastructure of this project

ICICI Lombard gets Rs 273 crore tax-demand notice from DG GST Intelligence

According to a regulatory filing, ICICI Lombard, on August 8, received a show cause notice, dated July 26, alleging a tax demand of Rs 273,44,50,284 under the GST Act along with interest and penalty

Airtel rolls out 5G on 26 GHz spectrum across 22 telecom circles

This was in accordance with the norms set by the Department of Telecommunications for complying to the minimum roll-out obligation criteria

Happiest Minds eyes 3-4 digital-led acquisitions in next few quarters

Technology firm targeting companies earning revenue in the range of $10-50 million for acquisition

Eicher unit to provide electric trucks for Amazon India's delivery ops

Collaboration will introduce 1,000 zero-emission electric trucks for Amazon's delivery work in 5 years

Vodafone Idea, Adani Data Networks may not get relaxations for 5G rollout

According to rules, a telco has to commercially launch service anywhere in each of the three metros and at least in one city in each of India's 22 telecom circles at the end of the first year

Tata Realty buys 102,000 sq metre land in Bengaluru from Graphite India

The land has been sold, along with the structures standing thereon having an aggregate built-up area of 12,674 square feet, the filing said

TV screen consumption, short videos to drive growth in India: YouTube

As per some estimates, YouTube users in India grew from 122 million in 2017 to around 567 million in 2022

Larsen & Toubro planning to invest as much as $12 bn over next five years

L&T Energy Green Tech, a unit of the conglomerate, will execute the clean energy strategy and over time may expand into fuel cells, grid batteries and hydrogen vending

Delhivery to provide warehousing, transportation solutions to Havells

Logistics major Delhivery will provide integrated warehousing and transportation solutions to Havells India as part of an agreement.

Unilever's venture capital arm invests in health & wellness startup

FMCG major Unilever's venture capital arm Unilever Ventures has invested Rs 14.40 crore in health and wellness company What's Up Wellness to ramp up the startup's team and product development

Tender process for large projects is broken: L&T chairman A M Naik

Citing a survey conducted in January, the L&T chairman said Modi's approval rating is highest at 78 per cent, which is way ahead of US President Joe Biden at 40 per cent

Shriram Group tycoon who gave away $750 mn sees profit in loans to poor

A pioneer in extending credit to India's poor for trucks, tractors and other vehicles, Thyagarajan built Shriram into a conglomerate that employs 108,000 people in everything

India's startups add gains of $400 mn to SoftBank's Vision Fund in Q1

In the quarter ending March 2023, these four listed startups in SoftBank's portfolio together added over $100 million to the Vision Fund

Hero MotoCorp receives over 25,000 bookings for India-made Harley-Davidson

Indian bike maker Hero MotoCorp on Tuesday said it received over 25,000 bookings for the world's cheapest Harley Davidson motorcycle, sending shares up over 3%.