Page 1568 - Company News
Engineering analytics start-up Hatica raises $3.7 mn in seed funding
Firm's development solutions integrate and communicate with tools used by software developers
 "Engineering analytics start-up Hatica raises $3.7 mn in seed funding")
Greaves Cotton to acquire motion-control systems player Excel Controlinkage
Engineering company Greaves Cotton on Thursday signed an agreement to acquire the entire shareholding in motion-control systems player Excel Controlinkage for a consideration of Rs 385 crore deal.
 "Greaves Cotton to acquire motion-control systems player Excel Controlinkage")
Indian Overseas Bank Dec quarter profit rises 22% to Rs 555 crore
State-owned Indian Overseas Bank (IOB) on Thursday reported a 22 per cent growth in its profit at Rs 555 crore in the quarter ended December 2022 due to an increase in interest income.
 "Indian Overseas Bank Dec quarter profit rises 22% to Rs 555 crore")
Digi tool automation can fuel $1.4 trn of revenue, profit $282 bn: Infosys
Digital tools automation, talent diversity, and improving skill-sets among employees can drive up to USD 1.4 trillion in revenue and USD 282 billion in profit for companies.
 "Digi tool automation can fuel $1.4 trn of revenue, profit $282 bn: Infosys")
Ola launches its new e-scooter S1 Air, prices starting at Rs 84,999
EV manufacturer Ola Electric on Thursday launched its much-anticipated Ola S1 Air e-scooter, which comes available in three variants at a starting price of Rs 84,999
 "Ola launches its new e-scooter S1 Air, prices starting at Rs 84,999")
Fintech platform PayMe to invest Rs 200 crore in UP, creates 2,000 jobs
Fintech platform PayMe on Thursday said it will invest Rs 200 crore in Uttar Pradesh to create 2,000 jobs in the area, focusing on training and developing skilled resources in the fintech space.
 "Fintech platform PayMe to invest Rs 200 crore in UP, creates 2,000 jobs")
Sebi to auction assets of Infinity Realcon, Sunheaven Agro on Mar 13
Capital markets regulator Sebi on Thursday said it will auction 9 properties belonging to four companies on March 13 to recover investors' money.
 "Sebi to auction assets of Infinity Realcon, Sunheaven Agro on Mar 13")
HC recognises 'H' logo of Hermes as trademark, rules against Mumbai firm
Defendant says it would have voluntarily discontinued using logo if the French firm had asked it to
 "HC recognises 'H' logo of Hermes as trademark, rules against Mumbai firm")
Apparel brand Cantabil expects annual Rs 1000 cr revenue in next 3 years
Company plans to have 540 store by this year's end to consolidate itself in smaller cities
 "Apparel brand Cantabil expects annual Rs 1000 cr revenue in next 3 years")
ED seizes Rs 1.4 crore cash from Kolkata firm involved in coal smuggling
The Enforcement Directorate on Thursday said it has seized Rs 1.4 crore in cash from the premise of a Kolkata-based company and has identified a person who was "handling illegal cash of a minister."
 "ED seizes Rs 1.4 crore cash from Kolkata firm involved in coal smuggling")
Fire breaks out at HDFC Bank in Greater Kailash, no casualty reported
A fire broke out at an HDFC Bank in the national capital's Greater Kailash-II area on Thursday, an official said.
 "Fire breaks out at HDFC Bank in Greater Kailash, no casualty reported")
Data science company Tredence announces ESOP buyback worth $30 mn
Firm that employs 2,000 has 80% of its workforce in India, got $175 mn in funding last year
 "Data science company Tredence announces ESOP buyback worth $30 mn")
Adani Wilmar's Solan facility raided for alleged GST violations: Report
Adani Wilmar had failed to deposit GST collection for "several years" and this reportedly led to the inspection
 "Adani Wilmar's Solan facility raided for alleged GST violations: Report")
Twitter Blue plans announced in India: Pay Rs 900 per month for blue tick
To enjoy the benefits, however, users will have to be on the platform for at least 90 days before the date of application
 "Twitter Blue plans announced in India: Pay Rs 900 per month for blue tick")
MSCI to announce changes to free float status of few Adani Group securities
Index provider MSCI said on Thursday it had determined that some Adani securities should no longer be designated as free float after market participants raised concerns about the eligibility
2,500 IT freshers to be given pink slips for failing screening test: Report
The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed
 "2,500 IT freshers to be given pink slips for failing screening test: Report")
ONGC Videsh eyes oil, gas 'hot spots' in Africa, Latin America, says MD
It's better to invest in bigger hot spots where you can get larger discoveries... Africa and Latin America still hold a lot of potential. Ghana is there, Suriname is there
 "ONGC Videsh eyes oil, gas 'hot spots' in Africa, Latin America, says MD")
Thums Up, Maaza to go global as Coca Cola bets on 'Indian' flavours
Coca Cola is also being very 'open-minded' about two other India-created flavours, Maaza Aam Panna and Fanta Apple Delite
 "Thums Up, Maaza to go global as Coca Cola bets on 'Indian' flavours")
MSCI receives feedback; to do free float review of Adani Group securities
Index provider MSCI said on Thursday it has received feedback from a range of market participants concerning specific securities associated with the Adani Group
 "MSCI receives feedback; to do free float review of Adani Group securities")
K'taka HC grants interim relief to Flipkart in Rs 1,100-cr tax demand case
The assessee (Flipkart) argued that the matter was already decided in its favour by the income-tax appellate tribunal (ITAT) Bengaluru on the same issue earlier during assessment year 2015-16
 "K'taka HC grants interim relief to Flipkart in Rs 1,100-cr tax demand case")