Page 1471 - Company News

PhonePe raises another $100 mn to expand into lucrative lending space

With the latest round, PhonePe, India's most valuable payments firm with an estimated value of $12 billion, has raised $650 million across four tranches from its backers, including Tiger Global

Milky way: Beyond Amul vs Nandini, dairy brands that dominate their states

The Amul-Nandini controversy has been making headlines for the past few days but there are several regional dairy players in the country that have firm control on the market in their respective states

SBI Foundation hands out Rs 30 lakh grant in Shark Tank-like pitch fest

Fund given to eight fellows working on projects around health, governance, inclusion, farming

Bank of India plans to raise Rs 6,500 crore through various means in FY24

State-owned Bank of India plans to raise Rs 6,500 crore from various means including share sale to fund business growth in 2023-24

JSW One Platforms raises Rs 205 cr in funding from Japan's Mitsui

E-commerce venture of JSW Group will use the financing to expand business and improve technology

Raj Neervannan-cofounded AlphaSense raises $100 million, bullish on India

The investment will enable us to continue our mission of pushing the boundaries of technology & accelerating our research and development efforts in India, said Raj Neervannan

MRF second strongest tyre brand in the world: Brand Finance report

MRF scored well in almost all parameters and has also been named the world's second fastest-growing tyre brand. It has scored 83.2 out of 100 in brand strength and was awarded a AAA- brand rating

RIL readies $2.4-3 bn Infra Investment Trust for retail warehousing assets

Reliance Industries Ltd has already begun setting the framework for the potential infrastructure investment trust (InvIT) of its warehouse assets

Apple supplier Foxconn to start construction of its Karnataka plant in May

Spread over 300 acres, it is touted to be Foxconn's largest manufacturing unit in India

Exports of Made in India iPhones rise 4 times in FY23, tops $5 bn: Report

Owing to this, India's overall smartphone exports crossed $10 billion for the first time in FY23

Twitter's to remove legacy Blue checks by April 20, says Elon Musk

Elon Musk on Tuesday set a deadline for purging legacy blue check-marks from Twitter accounts verified under the company's previous regime

Indian Rare-Earths eyes 400% expansion for clean energy transition

State-owned IREL (India) Ltd. aims to mine 50 million tonnes a year of rare-earths bearing ore by end-2032, up from 10 million tonnes now

Airtel flags concerns over broadcast content on unregistered digital sites

The telecom player's submission to the watchdog is seen as an apparent reference to Jio TV showing IPL 2023 matches

Google gearing up for another round of layoffs? Here's what CEO Pichai says

A few months ago, Sundar Pichai said that the tech giant is looking to become more efficient and is looking at every aspect

Strengthening omni-channel ecosystem to meet needs of consumers: Dell

"To begin with, India is a very important market for Dell, and we are continuing to strengthen our omni-channel ecosystem to meet the changing needs of consumers

NCLAT dismisses NCLT order, directs Ansal Housing to pay money to creditor

Moreover, it has also directed Ansal Housing to pay Rs 12.72 lakh to Clicbrics Technologies within a month of the passing of this order

IGSS ropes in lead investor in fab play to meet new conditions

The ISM is examining the three applicants who want to set up a fab plant under the government's $10 billion financial incentive scheme for such plants

Vedanta may issue NCDs; parent could raise $1 billion via stake sale

Vedanta informed the stock exchanges in a communication on Monday that a committee of directors would meet on April 13 to consider the issuance of NCDs on a private placement basis

Euler Motors lays off around 200 employees amid restructuring

As per the company's LinkedIn page, Euler Motors has over 500 employees in the startup. However, according to sources the number of impacted employees stands at around 200

L&T Technology Services to pay $9.9 million for US visa fraud allegations

IT services company acquired less expensive B1 work visas than costlier and limited H-1B visas between 2014 and 2019