Page 1371 - Company News

Atomberg raises $86 mn in series C funding from Temasek, Steadview Capital

Consumer appliances start-ups will use the financing to strengthen manufacturing, develop new products

JioCinema, NBCUniversal sign partnership pact to bring NBCU films to India

The development comes a month after JioCinema said it will be the new home to HBO and Warner Bros content in the country starting May

As Go First seeks to plug exit, 200 pilots accept Air India's job offer

Go First's captains currently earn about Rs 5.3 lakh a month on average, according to a Reuters report, which cited data on AmbitionBox

Amazon announces 5G revolution sale on smartphones: Check deals and offers

Amazon said its Prime customers can unlock special offers and avail no-interest EMI scheme for up to 24 months. The sale is currently live and it will continue till the end of the month, May 31

Zomato joins Dial4242 to provide medical support to delivery partners

Online food delivery platform Zomato on Monday announced it has collaborated with Dial4242 to provide ambulance services and medical support through mobile medical units (MMUs) to delivery partners

ONGC Videsh has around $100 mn of dividend income stuck in Russia: Official

ONGC Videsh has less than USD 100 million of dividend income lying in Russia because of Ukraine conflict but the company is not in a hurry to bring it back, a senior official said on Monday

India Inc's dividend payout rises 26% to Rs 3.26 trillion in 2022-23

The dividend per share recommended by the top three corporations was more than double that of the previous year, with TCS again at the top of the list

Gen Atlantic, Advent Int soon to acquire Everstone's Burger King stake

As of March 31, Burger King and its sub-brand BK Cafe together had a total of 391 restaurants in the country. BK Cafe is engaged in the business of serving coffee and beverages to its customers

Qualcomm India collaborates with WEP to empower 8 women-led startups

Qualcomm India on Monday announced a collaboration with Women Entrepreneurship Platform (WEP) to support 8 selected women-founded technology startups in the country

ICICI to move ahead with its plan to increase 4% stake in Lombard business

In a similar move, The RBI had given the HDFC Bank the permission to increase its take in HDFC Life Insurance and HDFC Ergo General Insurance beyond 50 per cent

Sebi may soon ease compliance norms for PE, VC funds in India: Report

The capital markets regulator had last week sent an email to 20 fund officials asking them to suggest ways to reduce the compliance burden

Rolls-Royce set to slash 3,000 jobs to streamline business: Report

Luxury car and jet engine manufacturer Rolls-Royce is reportedly planning to slash thousands of jobs, around 3,000 'non-manufacturing employees', as it aims to cut costs and streamline operations

Bombay Burmah makes Rs 1,866-crore provisions for Go First exposure

The company owned a 33% stake in Go Airlines (India), which operates Go First, while the rest is owned by unlisted holding companies of Wadia Group

Tata Capital Fin Services to raise upto Rs 7,000 crore through NCDs

Debt market sources said the funds are likely to be raised through non-convertible bonds (NCDs) in one or more tranches

Tesla's U-turn on India in search for new EV manufacturing destination

With plans to import and sell cars off the table, Elon Musk's flagship is exploring the challenging prospect of an assembly plant for a cheaper electric vehicle

JSW Steel eyes coking coal assets to beef up raw material security

Target is to have 25% linkages in the next few yrs: Acharya

Housing.com sees 4-fold jump in monthly traffic from pre-Covid level: CEO

Proptech firm Housing.com has seen a four-fold jump in monthly traffic on its website to over 20 million compared to pre-Covid level on demand revival and fast adoption of digital tools

Hi-Tech Pipes's net profit grows 42% to Rs 16 crore in March 2023 quarter

Hi-Tech Pipes Ltd has posted a 42 per cent rise in its consolidated net profit to about Rs 16 crore in March 2023 quarter, backed by higher revenues

UK-based BenevolentAI to cut about 180 jobs as part of restructuring plan

UK-based AI drug discovery company BenevolentAI has announced to lay off about 180 employees as part of a restructuring plan that resulted from a strategic review, while CFO Nicholas Keher resigned

JSW Group exploring possibilities to acquire coal mines in offshore markets

Homegrown firm JSW Group is exploring possibilities to acquire coking coal mines in offshore markets, industry sources said