Page 1348 - Company News

Maruti sitting on 100,000 plus pending deliveries as MPV market expands

The challenge is more pronounced for the CNG variants of these vehicles

Parts of NCLAT's Rs 1,338 cr fine order on Google challenged by CCI in SC

NCLAT has upheld the Rs 1,338 crore fine on Google for allegedly abusing its position in the android ecosystem

As work-from-office resumes, TCS employees get less time to upgrade skills

Average learning hours fell from 121 in Financial Year 2021-22 (FY22) to 82 in FY23, according to TCS' annual report

5G adoption to unlock wealth of opportunities for India's tech talent pool

A significant percentage of companies in India believe the advent of 5G will herald a transformative era in the world of work, unlocking a wealth of opportunities for India's tech talent pool

Tata Steel, Germany's SMS group to explore low carbon steel-making tech

The EASyMelt (electric-assisted syngas smelter) technology is an iron-making solution that can be implemented in existing integrated steel plants to accelerate decarbonisation

PNB, LIC, SBI and BoB looking to seek formal bids for stake sale in UTI AMC

These entities have already appointed merchant bankers to initiate the sale process in UTI AMC

PE player ChrysCapital invests $100 million in eyewear brand Lenskart

The latest investment brings Lenskart's total capital infusion to nearly $850 million within the past year

India's newest airline Akasa Air looking to raise $75-100 mn for expansion

To raise the money, Akasa Air has approached potential investors which include PE firms and high-net-worth individuals

ITC's FMCG revenue up 20% in FY23 as it aims to de-risk from tobacco biz

ITC's revenue growth is impressive as compared to 9 per cent in FY22 and 11 per cent in FY21

Flipkart, PhonePe could be $100 bn businesses in India, says Walmart

Flipkart was valued at more than $40 billion in 2022 and counts itself among India's most valuable startups

Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana

The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi

Tata Steel inks deal to cut carbon emissions with Germany's SMS group

The objective of the demonstration will be to reduce carbon dioxide emissions by more than 50% from the blast furnace's baseline operation, it added

COAI re-elects Jio's PK Mittal as chairperson, VIL's Balaji as vice-chair

Vodafone Idea Chief Regulatory and Corporate Affairs Officer P Balaji was elected as vice-chairperson at the annual general body meeting of COAI for the financial year 2022-23

Apple's racial equity, justice initiative surpasses $200 mn in investments

Apple said that its Racial Equity and Justice Initiative has surpassed $200 million in investments, supporting education, economic empowerment, and criminal justice reform work in five countries

We continue to maintain an open-door policy for partners: Urban Company

The firm also disbursed stock options worth Rs 5.3 crore to about 500 partners as part of the Partner Stock Option Plan initiative towards wealth creation commitment

US PE firm Bain Capital plans to sell $267 mn stake in Axis Bank: Report

The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the report added

SmallCap World Fund offloads 1.6% stake in Aavas Financiers for Rs 173 cr

SmallCap World Fund on Wednesday sold a 1.6 per cent stake in Aavas Financiers for Rs 173 crore through an open market transaction

Lenovo to invest $1 billion over three years to advance AI infra solutions

This announcement marks Lenovo's largest AI infrastructure investment in history

Dating app happn undergoes rebranding; looks at doubling user base in India

With a total user membership of 135 million globally, the dating app also announced its shift from just being a dating app to a social networking app

Automobile maker Mahindra & Mahindra launches SUV XUV700 in Australia

Mahindra Australia, a subsidiary of M&M, is actively working on expanding its network. The focus is on enhancing accessibility and convenience for customers in metro locations, it added