Page 1510 - Company News

Deepak Bagla resigns as managing director and CEO of Invest India

Bagla was at the helm of Invest India since 2015. Earlier, he had stints at World Bank, Citibank, and private equity firm 3i Group

Cement firms may invest Rs 1.2 trn to add 145-155 MT capacity by FY27

With 570 million tonne (mt) of installed capacity, India is the world's second-largest cement producer after China

Air India offers voluntary retirement scheme to its staff, excluding pilots

This is the second such offer since the takeover of the airline by the Tata Group in January 2022, and will remain in force till April 30

Shares of seven Adani Group end higher, Adani Enterprises jumps 2%

Also, shares of Adani Ports and Special Economic Zone (APSEZ) gained 0.14 per cent to settle at Rs 680.10 per scrip on the BSE

Ford recalls 1.5 mn vehicles in US to fix leaky brake hoses, wiper arms

The largest of two recalls covers nearly 1.3 million 2013 through 2018 Ford Fusion and Lincoln MKX midsize cars

CCI allows AGI Greenpac to acquire Hindusthan National Glass & Industries

AGI Greenpac has received approval from Competition Commission of India for the proposed acquisition of Hindusthan National Glass & Industries Limited through Corporate Insolvency Resolution Process

GAIL signs agreement with Shell Energy India for ethane production

GAIL India has signed an agreement with Shell Energy India Private Limited to explore opportunities for infrastructure development for ethane sourcing

CARS24 launches engineering research & development centre in Bengaluru

The AI-powered algorithms used by the centre will ensure accurate vehicle valuation, the company said

Electric two-wheeler maker Kabira Mobility secures $50 million funding

Electric two-wheeler maker Kabira Mobility on Friday said it has secured USD 50 million (around Rs 412 crore) funding from Qatar-based Al-Abdulla Group

PhonePe raises Rs 1,649 crore in additional funding from Walmart

This new funding comes as a part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year

WhatsApp developing a redesigned chat attachment menu for Android beta

Meta-owned messaging platform WhatsApp is reportedly working on a redesigned chat attachment menu for Android beta

Swiggy starts 'Launchpad' for restaurants at 0% first month commission

Move seeks to encourage restaurants new to the platform to see online food delivery as an incremental growth channel. Restaurant partners can save up to Rs 20,000 on commissions, other benefits

HDFC board to consider raising funds by NCDs on Mar 27 worth Rs 57,000 cr

Mortgage lender HDFC Ltd on Friday said its board would consider raising funds through non-convertible debentures (NCDs) in tranches aggregating to Rs 57,000 crore

With a 38% jump, India's M&A activity touched all-time high in 2022

Outbound M&A activity increased 31.6% year-on-year to hit $9.8 billion

Zee Entertainment calls report of $10 million repayment 'speculative'

In a report on Thursday, Bloomberg said that the media company has agreed to repay its dues to the IndusInd Bank to resolve insolvency proceedings against it

Delhi HC grants bail to Shakti Bhog Foods' CMD in money laundering case

The Delhi High Court granted bail to Kewal Krishan Kumar, Chairman & Managing Director of the Delhi-based Shakti Bhog Foods Limited, in a money laundering case

India's smart home security camera market shipment grow 44%, Xiaomi leads

India's smart home security camera market shipments experienced 44 per cent (on-year) growth in 2022, a report has said

Cola war looms as Campa returns; distributors fear for their margins

In an announcement last week, Reliance Consumer Products launched Campa with three flavors: cola, lemon, and orange. The drinks have been launched in Andhra Pradesh and Telangana

Vinod Adani part of promoter group of various listed firms: Adani Group

This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report

Apple to open US-style flagship retail outlet in Mumbai next month

This store would be a part of Reliance Industries' premium Jio World Drive mall, while the store in Delhi will be a part of the Select Citywalk mall in Saket