Page 1483 - Company News
Speciale Invest announces new Rs 200 crore fund for deep tech start-ups
Speciale Invest, a venture capital firm that has funded space and technology startups such as Agnikul Cosmos and QNu Labs, announced a new fund with a Rs 200 cr corpus to provide funding in deep-tech
 "Speciale Invest announces new Rs 200 crore fund for deep tech start-ups")
Adani Ports ends FY23 with 9% growth, largest port cargo volume ever
This is the first time since July 2022 that the volumes crossed the 30-million tonne mark
 "Adani Ports ends FY23 with 9% growth, largest port cargo volume ever")
Vendors sue Twitter for thousands of dollars in unpaid bills
Elon Musk-run Twitter has been sued by a group of vendors who allege that the micro-blogging platform has failed to pay tens of thousands of dollars in unpaid bills
 "Vendors sue Twitter for thousands of dollars in unpaid bills")
Reliance, Jio raise $5 bn in largest syndicated loan in India: Report
Reliance will mainly deploy the funds raised towards its capital expenditure, while Jio would put the money to finance its nationwide 5G network rollout
 "Reliance, Jio raise $5 bn in largest syndicated loan in India: Report")
Reliance Retail ropes in former Amul chief RS Sodhi to drive grocery biz
In January, Sodhi stepped down from the role of MD of GCMMF
 "Reliance Retail ropes in former Amul chief RS Sodhi to drive grocery biz")
Paytm stock gains as gross merchandise value rises 40% in March quarter
Firms says it has hit a new milestone in offline payments with 6.8 million devices deployed
 "Paytm stock gains as gross merchandise value rises 40% in March quarter")
Iron Pillar raises $129 mn to invest in global cloud firms from India
The venture capital firm said this is the first-ever Series B / C stage fund focused on investing in global cloud software companies from India
 "Iron Pillar raises $129 mn to invest in global cloud firms from India")
Amazon.com Inc lays off about 100 employees in its gaming divisions
Amazon has struggled to capitalize on its resources in gaming, including through its Crown channel, an entertainment show on the Twitch streaming service
 "Amazon.com Inc lays off about 100 employees in its gaming divisions")
Thomas Cook to set up forex outlets at Manohar International Airport
Goa's Thomas Cook Airport counters will enable foreigners from G20 countries and NRIs to make UPI eligible Indian Rupee transactions upon arrival
 "Thomas Cook to set up forex outlets at Manohar International Airport")
Space start-up Skyroot conducts long duration test of its cryogenic engine
The achievement follows the November 2022 launch of Vikram-S, which made Skyroot the first Indian private company to send a rocket into space
 "Space start-up Skyroot conducts long duration test of its cryogenic engine")
Cyient rejigs top leadership, appoints Karthik Natarajan as CEO
The company has elevated executive director (ED) and Chief Operating Officer Karthik Natarajan as ED and CEO
 "Cyient rejigs top leadership, appoints Karthik Natarajan as CEO")
More directors paid Rs 1 lakh per board meeting than before pandemic
Number of board meetings have also gone up post pandemic according to Excellence Enablers' Survey on Corporate Governance
 "More directors paid Rs 1 lakh per board meeting than before pandemic")
Training helps new employees accomplish goals in one-fifth of time: Report
Only one in nine companies believe that the training doesn't add value to new employee productivity
 "Training helps new employees accomplish goals in one-fifth of time: Report")
Grasim Industries receives Rs 5,000 cr three term loan from Axis Bank
Grasim is a diversified player with a presence across sectors. It is a leading global producer of VSF, the largest Chlor-Alkali, Linen and Insulators player in India
 "Grasim Industries receives Rs 5,000 cr three term loan from Axis Bank")
Maruti Suzuki WagonR, Alto K10 get low rating in Global NCAP crash test
Both the models scored zero stars for child occupant protection as per the Global NCAP's latest round of crash tests
 "Maruti Suzuki WagonR, Alto K10 get low rating in Global NCAP crash test")
Adani Group joint venture in talks for 1st offshore loan since Hindenburg
AdaniConneX Private Ltd would use this $200 mn loan for capital expenditure, with a five year tenor under discussion
 "Adani Group joint venture in talks for 1st offshore loan since Hindenburg")
General Motors' 5,000 salaried workers take buyouts to leave company
GM will take a $1 billion charge in the first quarter, he said. The company had previously projected $1.5 billion in charges related to staff reductions
 "General Motors' 5,000 salaried workers take buyouts to leave company")
JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results
JP Morgan on Tuesday placed Indian IT services provider HCL Technologies Ltd on "negative catalyst watch" ahead of the earnings season, citing the highest near-term risks for the company
 "JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results")
Downturn still nascent, it is time for caution, not expansion: Zoho founder
In an exclusive interaction with Business Standard, Sridhar Vembu say the trend of large-scale layoffs in Silicon Valley has now hit Indian shores
 "Downturn still nascent, it is time for caution, not expansion: Zoho founder")
Apple Inc says users report weather app outage in some locations
The Cupertino, California-based company said on its website that issues for the app were reported at 11 p.m. New York time Monday and continued Tuesday
 "Apple Inc says users report weather app outage in some locations")