Page 1312 - Company News

Fantasy sports platforms clock Rs 2,800 cr in gross revenue during IPL

The influx of new users led to an 11 per cent increase in cash users during the season, with the average spend per match of Rs 127 per user

Hybrid job roles surge 60% and on-site down 10%, shows LinkedIn data

The solely on-site job roles have declined by 10 per cent year-on-year, while open hybrid job positions have surged 60 per cent for entry-level roles, compared to 2022

GIC, Genus Power Infra tie up to invest $2 bn in smart meter venture

Genus says this is the largest transaction in the smart metering space in India

Dabur to increase ad, promo spends amid softening commodity prices

Dabur India anticipates expansion in its gross margins in the current fiscal amid softening commodity prices, which would help the homegrown FMCG major to increase advertising and promotion spending

Competition Commission of India approves Concentrix-Marnix Lux deal

Anti-trust regulator Competition Commission of India (CCI) on Tuesday said it has cleared the proposed deal involving Concentrix Corporation and Marnix Lux

Hero MotoCorp starts Harley-Davidson X440 bookings, deliveries in Oct

Hero MotoCorp on Tuesday said it has started bookings for the Harley-Davidson X440 motorcycle across the country with deliveries expected to commence from October onwards.

CCI approves acquisition of Marnix Lux SA by Concentrix Corporation

The proposed combination envisages indirect acquisition of Marnix Lux SA (Marnix Lux) by Concentrix Corporation

Apple infringed essential mobile technology patents, UK court rules

Apple had previously argued that the relevant technology was not used in the UK, according to the judgment

SAMIL to acquire 81% stake in Honda Motor arm for Rs 1,059 crore

The Noida-based automotive (auto) parts maker said it expected this deal to close by the first quarter of 2024-25

Genus, GIC affiliate to set up platform to fund smart metering projects

The companies have committed to an initial pipeline with a capital outlay of $2 billion

LTIMindtree to replace HDFC in Nifty Index following merger with HDFC Bank

$150-160 million from passive funds are expected to inflow towards LTIMindtree as a result of the shuffling

Biosimilar Humira likely to boost US revenues for Biocon Biologics

Analysts, however, feel that together with upcoming Aspart (insulin) and vaccines, Hulio will help drive BBL's revenues from the current $1 billion to around $1.65 billion by FY25

NCLT to hear on July 21 maintainability of lessor's plea against Spicejet

Willis Lease says the low-cost carrier has defaulted on $6.87-mn payment

HPE to start manufacturing servers in India under PLI 2.0 scheme

The company aims to make around $1 billion worth of products from VVDN's plant in Manesar, Haryana, in the next five years

RBI rejects small finance bank application of Akhil Gupta, two others

The regulator has received 12 applications for setting up small finance banks

Stelis sells Bengaluru facility to Biocon arm Syngene for Rs 702 cr

Both parties have entered into a binding term sheet to execute the deal whereby Syngene has acquired the unit 3 facility in Bengaluru for Rs 702 crore

Expect to grow at double speed of passenger vehicle industry in 2023: Kia

The South Korean carmaker on Tuesday unveiled the Seltos facelift. Seltos, an SUV, currently contributes 55 per cent to the company's overall domestic sales

Power sector lender REC set to raise $1 bn via loans to fund infra projects

The state-owned company's fundraising via external commercial borrowing is split in two tranches, with the first expected to close this month amounting to $505 million

SAIL selects mjPRO platform for project procurements, says mjunction

B2B e-commerce company mjunction on Tuesday said SAIL has selected mjPRO, its e-procurement platform, for all its project procurementse

Project lender Ethos aims to deploy $1 bn for lending in India over 5 yrs

The firm depends on money raised as rentals by deploying an algorithm which helps increase profits for traders, Santos said, adding that repayments by clients are also deployed back into the business