Page 1564 - Company News
Moody's affirms Baa1 rating for TCS, Infosys, sees growth slowing in FY24
IT services companies expected to maintain businesses growth and market position
 "Moody's affirms Baa1 rating for TCS, Infosys, sees growth slowing in FY24")
Indian Overseas Bank launches electronic bank guarantee scheme
Public sector Indian Overseas Bank has launched the facility of issuance of e-BG (Electronic Bank Guarantee) scheme in association with the National e-Governance Services Ltd
 "Indian Overseas Bank launches electronic bank guarantee scheme")
Jagan lays foundation stone for Rs 8,800 crore JSW steel plant in AP
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday laid the foundation stone for JSW Group's proposed steel plant at Sunnapurallapalle village in YSR Kadapa district.
 "Jagan lays foundation stone for Rs 8,800 crore JSW steel plant in AP")
Hero MotoCorp looks to ramp up export contribution to overall revenues: CFO
Hero MotoCorp expects exports to contribute at least 10 per cent to the overall revenue pie in the medium to long term while aspiring to grow faster than the industry in the domestic market.
 "Hero MotoCorp looks to ramp up export contribution to overall revenues: CFO")
RE firm SWREL seeks India expansion by working with large corporates
Engineering major will participate in projects where supply and land risk is not there: CEO
 "RE firm SWREL seeks India expansion by working with large corporates")
Ola Electric to have 500 experience centres for customers by March
Outlets manage post-sales care and maintenance of company's electric scooters
 "Ola Electric to have 500 experience centres for customers by March")
Shell, Microsoft join hands to provide digital skills to non-IT students
Shell and Microsoft announced a collaboration to impart digital skills to students in vocational education institutions as part of their joint commitment to equip workforce with future-ready skills.
 "Shell, Microsoft join hands to provide digital skills to non-IT students")
India now has nearly 27K active tech startups, added 1,300 last year
India added over 1,300 active tech startups last year, taking the total tally of active tech startups to 25,000-27,000, a Nasscom report said on Wednesday.
 "India now has nearly 27K active tech startups, added 1,300 last year")
No refinancing, liquidity issues, says Adani to calm jittery investors
Adani has rejected the concerns in detailed rebuttals of the Hindenburg report's allegations and criticism that it had unsustainable debt
 "No refinancing, liquidity issues, says Adani to calm jittery investors")
Maruti Suzuki ties up with SMAS Auto to boost vehicles subscription
Maruti Suzuki India on Wednesday said it has partnered with SMAS Auto Leasing India Pvt Ltd to enhance its vehicles subscription programme.
 "Maruti Suzuki ties up with SMAS Auto to boost vehicles subscription")
Paytm Payments Bank goes live with UPI LITE to boost small UPI transactions
Paytm Payments Bank Limited (PPBL) on Wednesday said it has gone live with UPI LITE, a feature enabled by the National Payments Corporation of India (NPCI) for multiple small UPI transactions.
 "Paytm Payments Bank goes live with UPI LITE to boost small UPI transactions")
Cement demand climbs up, not unusual profitability for Indian cos: Moody's
The infrastructure led investments in India will drive up the demand for cement and other building materials, said Moody's Investors Service in a report.
 "Cement demand climbs up, not unusual profitability for Indian cos: Moody's")
Hindustan Aeronautics Ltd to provide MRO support for GA-ASI's MQ-9B engines
The announcement of the project comes amid India's ongoing talks with the US to procure 30 MQ-9B armed drones at a cost of over USD 3 billion
 "Hindustan Aeronautics Ltd to provide MRO support for GA-ASI's MQ-9B engines")
Global sandwich chain Subway explores sale of business after 60 yrs: Report
A sale of the company could value it at more than $10bn, according to the Wall Street Journal, which first reported the story
 "Global sandwich chain Subway explores sale of business after 60 yrs: Report")
HAL inks pact with RPM on cooperation in chopper emergency medical services
An MoU to this effect was inked on the sidelines of the ongoing Aero India 2023, Asia's largest air show here, an HAL statement said
Govt to try merging BSNL & MTNL again, appoints Deloitte as advisor: Report
Given the complexity involved in the merger, it will take about two years to complete the whole process
 "Govt to try merging BSNL & MTNL again, appoints Deloitte as advisor: Report")
Roomba vacuum maker iRobot to lay off 7% of workforce as revenue sinks
Robot vacuum cleaner maker iRobot has announced to cut around 7 per cent of its workforce or about 85 employees.
 "Roomba vacuum maker iRobot to lay off 7% of workforce as revenue sinks")
Ford halts production, shipments of electric truck due to battery issue
US automaker Ford has stopped the production and shipments of its electric F-150 Lightning pickup owing to a battery issue.
BEL, GSL ink pact to address global market opportunities in Naval platforms
Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Goa Shipyard Limited (GSL) for co-operation in addressing global market opportunities for supply of state-of-the-art products.
 "BEL, GSL ink pact to address global market opportunities in Naval platforms")
Reliance JioMart shuts its 90-minute delivery service 'Express': Report
Now, JioMart is asking users to use WhatsApp to order groceries for a delivery time of a few hours to a day
 "Reliance JioMart shuts its 90-minute delivery service 'Express': Report")