Page 1666 - Company News
Satellite imaging start-up GalaxEye Space gets $3.5 mn seed funding
Company says its technology helps in all-weather imaging without atmospheric interference
 "Satellite imaging start-up GalaxEye Space gets $3.5 mn seed funding")
Will the share buyback revive Paytm's fortunes?
The board of One 97 Communications Ltd has approved a share buyback proposal. It came less than 13 months after Paytm's disastrous listing. How will the buyback affect Paytm's fortunes and investors?
 "Will the share buyback revive Paytm's fortunes?")
Infosys@40: From an idea in a one-bedroom apartment to a $71.41 bn company
The IT services company which was established four decades ago is focusing on cutting-edge innovations in areas such as cybersecurity, cloud computing and data analytics
 "Infosys@40: From an idea in a one-bedroom apartment to a $71.41 bn company")
Twitter must tell fired workers about severance lawsuit, says US judge
Filed by a handful of workers, the suit alleges Twitter failed to give the required 60 to 90 days notice about the mass layoffs and is shortchanging the former employees on severance pay
 "Twitter must tell fired workers about severance lawsuit, says US judge")
Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr
PFL to explore inorganic investments for business growth
 "Poonawalla Fincorp to sell housing finance unit to TPG for Rs 3,900 cr")
French spirits major Pernod Ricard appoints Paul-Robert Bouhier as India MD
Robert takes the reins from Thibault Cuny, who stepped down in October 2022 due to health issues
 "French spirits major Pernod Ricard appoints Paul-Robert Bouhier as India MD")
I'm last of the jokers left; no plan B after I leave Infosys: Nilekani
'I was completely wrong,' Murthy rues not allowing founders' children to join the company
 "I'm last of the jokers left; no plan B after I leave Infosys: Nilekani")
Abans Holdings IPO receives 46% subscription on third day of offer
The initial public offering of Abans Holdings, financial services arm of the Abans Group, got subscribed 46 per cent on the third day of offer on Wednesday.
 "Abans Holdings IPO receives 46% subscription on third day of offer")
Indian winemaker Sula's IPO oversubscribed with bids worth $190 million
Investors had bid for 43.8 million shares by the final day of bidding, 2.33 times the 18.8 million shares on offer, with institutional investors showing the most interest, exchange data showed
 "Indian winemaker Sula's IPO oversubscribed with bids worth $190 million")
Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz
Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally
 "Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz")
M&M to invest Rs 10,000 cr to set up plant in Pune for upcoming EV range
Auto major aims to have 30% of its sales to be from electric vehicles by 2027
 "M&M to invest Rs 10,000 cr to set up plant in Pune for upcoming EV range")
WhatsApp Pay's India head steps down amid series of top-level departures
Vinay Choletti leaving as Meta-owned messaging platform ramps up investments in its payment service in India
 "WhatsApp Pay's India head steps down amid series of top-level departures")
40% of all vehicles sold will be electric by 2030, says Bain & Co report
Report estimates that 4-5 million EVs will be sold across segments in 2026
 "40% of all vehicles sold will be electric by 2030, says Bain & Co report")
AstraZeneca Pharma India's MD resigns; appoints Sanjeev Panchal for 3 years
AstraZeneca Pharma India on Wednesday said Gagandeep Singh Bedi has resigned from the post of managing director
 "AstraZeneca Pharma India's MD resigns; appoints Sanjeev Panchal for 3 years")
Go First plane flying to Goa suffers technical snag, returns to Mumbai
A Go First aircraft flying to Goa returned to Mumbai airport due to a technical snag on Wednesday, according to a DGCA official
 "Go First plane flying to Goa suffers technical snag, returns to Mumbai")
India will aim to achieve $100 bn export target for textiles by 2030: Goyal
Citing the case of the FTA negotiations with the United Kingdom, Goyal said the country had a 9 per cent duty on different items and if that goes away, it will benefit the sector, he said
 "India will aim to achieve $100 bn export target for textiles by 2030: Goyal")
Infosys aims to create India different from 20th century model: Murthy
IT giant Infosys founder N.R. Narayana Murthy said on Wednesday that the company aims to create an India which would be different from the 20th century model
 "Infosys aims to create India different from 20th century model: Murthy")
Sundar Pichai coming to India; govt to discuss 'Made in India' Pixel phones
If the talks fructify, Google would be the third major global mobile device player using India as an export-oriented manufacturing hub
 "Sundar Pichai coming to India; govt to discuss 'Made in India' Pixel phones")
Vedanta emerges as successful bidder for Bicholim mining block in Goa
In a development paving way for resumption of iron ore mining in Goa, the state government announced that Vedanta Limited has emerged as successful bidder for mining block auctioned earlier this year
 "Vedanta emerges as successful bidder for Bicholim mining block in Goa")
Mahindra CEO sees US entry for new electric vehicles at least 5 years away
A US market entry "could likely be longer than five years because we have to win in some of our key markets first," including Europe, he added
 "Mahindra CEO sees US entry for new electric vehicles at least 5 years away")