Page 1299 - Company News
Zepto 'in talks' to raise funding, may become India's 1st unicorn this year
Quick-delivery firm said to be looking to raise $150 mn in a funding round that will value it at $1.3 bn
 "Zepto 'in talks' to raise funding, may become India's 1st unicorn this year")
IT firm Axtria opens two offices in Pune with 1,000 seat capacity
Axtria's Pune offices will support the demand for data-driven analytics solutions and the adoption of AI technologies among life sciences businesses across the globe
 "IT firm Axtria opens two offices in Pune with 1,000 seat capacity")
Vedanta to enter semiconductor market this year after Foxconn split
Foxconn separately intends to apply for incentives under India's semiconductor production plan
 "Vedanta to enter semiconductor market this year after Foxconn split")
Google's AI chatbot trained by 'overworked, underpaid, frustrated' humans
Chatbots like Bard use computer intelligence to respond almost instantly to a range of queries spanning all of human knowledge and creativity
 "Google's AI chatbot trained by 'overworked, underpaid, frustrated' humans")
Thomas Cook India's UAE subsidiary acquires 50% stake in 500 FT SPV
Travel services provider Thomas Cook India on Wednesday said its UAE subsidiary DEI Holdings Limited has acquired a 50 per cent stake in 500 FT SPV Limited.
 "Thomas Cook India's UAE subsidiary acquires 50% stake in 500 FT SPV")
Walt Disney Co weighs options for struggling TV business in India
Disney's plan to consider at least a partial pullout from its India TV business came after CEO Bob Iger expressed his disappointment with the company's performance in India
 "Walt Disney Co weighs options for struggling TV business in India")
TCS Q1 net profit beats Street, revenue growth misses the estimate
Attrition drops to 17.8% from a high of 21% in March quarter
 "TCS Q1 net profit beats Street, revenue growth misses the estimate")
Maruti Suzuki launches CNG trim of compact SUV Fronx at Rs 8.41 lakh
Maruti Suzuki India (MSI) on Wednesday said it has launched a CNG trim of its compact SUV Fronx with price starting at Rs 8.41 lakh (ex-showroom)
 "Maruti Suzuki launches CNG trim of compact SUV Fronx at Rs 8.41 lakh")
Volvo Car's sales in India increased by 33% in January-June period
Volvo Car India on Wednesday said its sales grew 33 per cent year-on-year to 1,089 units in the January-June period
 "Volvo Car's sales in India increased by 33% in January-June period")
Adani aims to close planned $4 bn fundraising by end-December: Report
The Adani Group is aiming to close the fundraising before end 2023, said the source, who declined to be named as the discussions are private
 "Adani aims to close planned $4 bn fundraising by end-December: Report")
On track to achieve over 25% of total sales from EVs this fiscal: MG Motor
On Wednesday, the automaker introduced a top end variant of its electric SUV ZS EV equipped with level two autonomous driving technology priced at Rs 27.89 lakh for a limited period
 "On track to achieve over 25% of total sales from EVs this fiscal: MG Motor")
Will continue investments in India, invested $35 bn till date: Anil Agarwal
Foxconn withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate earlier this week
 "Will continue investments in India, invested $35 bn till date: Anil Agarwal")
Future Enterprises receives EOIs from Jindal, Reliance Retail, GBTL
National Company Law Tribunal had ordered an insolvency resolution process against Future Enterprises in March
 "Future Enterprises receives EOIs from Jindal, Reliance Retail, GBTL")
Glida plans to set up 3,000 EV charging points pan-India by March 2025
Firm currently has 450 charging points in 15 states, most of which are in Delhi NCR and Hyderabad; 1,000 charging points to come up by end of FY24
 "Glida plans to set up 3,000 EV charging points pan-India by March 2025")
Google veteran Urs Hölzle steps down as manager in cloud shakeup: Report
Urs Hölzle joined the company, now the key unit of parent Alphabet Inc., in 1999 as its eighth employee, and will now transition into a role as a Google Fellow, the company said
 "Google veteran Urs Hölzle steps down as manager in cloud shakeup: Report")
Sterlite Power bags new orders worth Rs 1,400 cr in March quarter
Major orders secured during the January-March quarter are for upgrading transmission projects and supply of high-performance products
 "Sterlite Power bags new orders worth Rs 1,400 cr in March quarter")
Reliance Retail among three prospective buyers for Future Enterprises
The resolution professional of Future Enterprises Ltd (FEL) has finalised a provisional list of three Prospective Resolution Applicants (PRA), an exchange filing from the debt-ridden company said
 "Reliance Retail among three prospective buyers for Future Enterprises")
Hinduja Group dials lenders to raise $1 bn for Reliance Capital acquisition
The lenders that the Hinduja Group has reached out to include names like Farallon Capital, Oaktree, Ares Asia, and Cerberus
 "Hinduja Group dials lenders to raise $1 bn for Reliance Capital acquisition")
Quadria Capital to invest up to $155 mn in Maxivision Eye Hospital
Maxivision offers eye care services to over five million patients in 42 centres across six states in southern and western India
 "Quadria Capital to invest up to $155 mn in Maxivision Eye Hospital")
BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman
Macroeconomic environment remains challenging, impacting client spending: Rishad Premji
 "BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman")