Page 1546 - Company News

Non-white car sales see marginal rise, but white still top choice in India

Car sales black, grey, blue, red, green, and gold rose by a few percentage points in 2022

Murugappa Group's EV arm TI Clean Mobility to raise Rs 3,000 crore

TCM has already unveiled its passenger three-wheeler electric vehicle, the sales of which are expected to grow over the next few quarters

Delhi govt's decision to allow electric bike taxis to hit thousands: Uber

Uber Technologies Inc said on Friday plans by the local government in India's Delhi city to only allow electric vehicles to function as bike taxis would risk finishing off the sector

Jack Ma-backed Ant Group plans to pare stake in Vijay Shekhar's Paytm

The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks

ED attaches assets worth Rs 305.84 crore of Joyalukkas Pvt Ltd under FEMA

Directorate of Enforcement (ED) has attached assets worth Rs 305.84 crore of a private firm under section 37A of the Foreign Exchange Management Act, 1999 for violation of section 4 of the Act.

Private consumption likely to take a hit on India's IT sector squeeze

In all, listed IT companies accounted for 47 per cent of incremental growth in India Inc's salary and wages bill in the last 12 months

Maruti Suzuki's rural market sales racing to reach the urban mark

Maruti Suzuki says proudly that they have helped to sell at least one car in 4.18 lakh villages

Cup of woes: Darjeeling tea production slips to near two-decade low

Figure is even marginally lower than in 2020, when a nationwide lockdown was imposed to contain Covid-19; Tea Board chief says output has gone down because due to old bushes

Ericsson plans to lay off 8,500 staff worldwide to reduce expenses

This would be the largest layoff in the industry. Analysts predict that North America would likely be worst affected

ED attaches Rs 305 cr assets of Joyalukkas jewellery group on hawala charge

ED said it has attached assets worth more than Rs 305 cr of Joy Alukkas Verghese, the owner of jewellery group Joyalukkas, in a FEMA case linked to alleged transfer of "huge cash" to Dubai

'Air travel has come roaring back': SpiceJet net profit rises 160%

Cash-strapped airline in the black after 3 qtrs; plans to raise Rs 764-cr ECLGS loan

Early summer to boost white goods, premium segment to grow in double digits

Most firms anticipate high demand for ACs, refrigerators, coolers and fans, and are running at full production capacity to ensure they have enough inventory to meet demand

Sunil Mehta resigns as Adani Green Energy director, to join IndusInd Bank

AGEL on Friday said that its director Sunil Mehta has resigned to avoid any conflict of interest following his appointment as Chairman of IndusInd Bank

NCLAT stays insolvency against Zee Entertainment on Punit Goenka plea

Goenka moved the NCLAT on Thursday, a day after the Mumbai bench of the NCLT admitted insolvency proceedings against Zee on a plea filed by IndusInd Bank -- a financial creditor of Zee

Adani Group has sought 94,000 sq mt land for SEZ, township, says Gujarat CM

The Gautam Adani group has sought 94,000 square metres of 'gauchar' and non-arable land from the Gujarat government to build a township and special economic zone, the state Assembly was informed

Comviva focusing on 'martech' vertical in India: CEO Manoranjan Mohapatra

Martech describes the software end functions marketers use to optimise their marketing efforts

Startup GoMechanic announces turnaround in core business in January

Automobile after-sales service startup GoMechanic on Friday announced a turnaround in its core business in January

Telecom tycoon Sunil Mittal seeking a stake in Paytm, says report

Indian telecommunications tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant's payments bank

Adani group to hold fixed-income investor roadshow in Asia next week

The group is boosting outreach to investors after its bonds and stock slumped following a critical report from short-seller Hindenburg Research published last month

Reliance Retail fills GAP: US brand opens its own store in Mumbai

In 2014, GAP had entered India with Arvind Fashions through a franchisee agreement and then parted ways with the latter in 2020