Page 1516 - Company News
Cholamandalam Investment, Aptus deny talks for merger after media reports
Chola says it 'has not expressed any interest either in the past or present in acquiring' Aptus Value
 "Cholamandalam Investment, Aptus deny talks for merger after media reports")
As Air India restarts its hockey team, a look at Tata's sporting legacy
Some of India's top hockey and football talent has come from the ecosystem the conglomerate as nurtured
 "As Air India restarts its hockey team, a look at Tata's sporting legacy")
Tech giant Google to promote fewer employees to senior roles in 2023
The L6 distinction refers to the first layer of the workforce which is considered senior and normally consists of people with roughly ten years of experience
 "Tech giant Google to promote fewer employees to senior roles in 2023")
Indian telecom market sees 36% value growth in offline retail in 2022
In 2022, India registered "a double-digit revenue growth in the same period over the previous year including smartphones, core wearables and TWS mobile headsets
 "Indian telecom market sees 36% value growth in offline retail in 2022")
Indigo appoints Mark Sutch as Chief Commercial Officer of CarGo
Mark brings with him 25 years of airline industry experience across different verticals, including extensive cargo experience
 "Indigo appoints Mark Sutch as Chief Commercial Officer of CarGo")
Alembic Pharma gets USFDA nod to market generic antidepressant drug
The company's product is therapeutically equivalent to Otsuka Pharmaceutical Co's reference listed drug product Rexulti tablets
 "Alembic Pharma gets USFDA nod to market generic antidepressant drug")
Mercedes-Benz to increase prices by Rs 2-12 lakh across models from Apr 1
Luxury carmaker Mercedes-Benz India on Thursday said it will increase prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs
 "Mercedes-Benz to increase prices by Rs 2-12 lakh across models from Apr 1")
Paytm Payments Bank goes live with UPI LITE for small-value transactions
Paytm Payments Bank Limited has gone live with UPI LITE, a feature enabled by the National Payments Corporation of India (NPCI) for multiple small-value UPI transactions, thus empowering its users
 "Paytm Payments Bank goes live with UPI LITE for small-value transactions")
Go First may sue Pratt and Whitney over reliability issues in their engines
Go First asked for compensation for the malfunctioning engines that resulted in business losses, PW refused to pay the money, which resulted in a violation of the contractual agreement
 "Go First may sue Pratt and Whitney over reliability issues in their engines")
ADIA close to buying a $500 million stake in eyewear startup, Lenskart
The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said
 "ADIA close to buying a $500 million stake in eyewear startup, Lenskart")
TCS on the verge of closing deals worth $1 billion with Marks & Spencer
In addition to this, TCS is also working towards renewing their existing five-year engagement with the UK-headquartered company
 "TCS on the verge of closing deals worth $1 billion with Marks & Spencer")
Competition Commission of India squeezed by staff vacancies and workload
The Competition Commission of India, which has imposed million dollar penalties on Alphabet Inc.'s Google to Amazon.com Inc., is functioning with just two members
 "Competition Commission of India squeezed by staff vacancies and workload")
No Succession and Game of Thrones as HBO signs out from Disney+ Hotstar
Disney+ Hotstar subscribers in India will not be able to watch Home Box office (HBO) content on the platform after March 31
 "No Succession and Game of Thrones as HBO signs out from Disney+ Hotstar")
Adani repays all share-backed loans, informs investors to regain faith
The London meeting was part of a worldwide roadshow aimed at reassuring international investors that the ports-to-power empire's finances are under control
 "Adani repays all share-backed loans, informs investors to regain faith")
Adani Group rout puts spotlight on billions flowing through Mauritius
The accusations against Adani - some reported by local media years before Hindenburg dropped its report - come at an uncomfortable time for Mauritius
 "Adani Group rout puts spotlight on billions flowing through Mauritius")
Jio extends 5G coverage to 27 more cities, now covers 331 cities
The technology also promises to enhance the capabilities of emerging technologies like the Internet of Things (IoT), Augmented Reality (AR), and Virtual Reality (VR)
 "Jio extends 5G coverage to 27 more cities, now covers 331 cities")
India likely to be largest market in the world this year: Walmart CFO
John David Rainey, CFO Walmart, said during an investor conference that Walmart-owned Flipkart and PhonePe have exciting opportunities and have large portions of market share in India
 "India likely to be largest market in the world this year: Walmart CFO")
Sanjeev Gupta takes over assets of father's Simec Group
The business is involved in renewable energy, shipping and mining, and was founded by the magnate as an export-and-import house in India
 "Sanjeev Gupta takes over assets of father's Simec Group")
HDFC Bank to launch revamped payments, banking application soon
To take on Google Pay, PhonePe with new PayZapp
 "HDFC Bank to launch revamped payments, banking application soon")
Industry's share of non-food bank credit hits record low of 26.6%
Economists at India Ratings blamed the recent surge in interest rates
 "Industry's share of non-food bank credit hits record low of 26.6%")