Page 1691 - Company News

Shriram Finance merges with Shriram City to focus on MSMEs and others

Commercial vehicle financing major Shriram Transport Finance Company and two-wheeler and MSME financier Shriram City Union Finance have been merged to form Shriram Finance Limited (Shriram Finance)

Coal pensioners protest in capital, demand review of pension scheme

Agitators seek dearness relief as scheme component to ensure equitable pension; want adherence to provisions of CMPS 1998 on review and revision of pension every three years

Discoms' aggregate technical & commercial losses down to 17% in FY22

Aggregate technical and commercial (AT&C) losses of power distribution utilities declined to 17 per cent in 2021-22from 22 per cent in the previous year

Razorpay to allow merchants to accept credit card payments via UPI

Fintech platform Razorpay announced an industry-first move to enable merchants to accept credit card transactions on unified payments interface, as the digital payments landscape witnesses growth

RCap liquidation or negotiation? CoC to meet on Tuesday to take a call

While Deloitte, the process advisor to RCap's administrator, is said to be rooting for liquidation, CoC advisor KPMG hopes to close deal and award the firm to highest bidder

Shreehas Tambe elevated as MD & CEO of Biocon Biologics effective Monday

He was earlier the firm's deputy CEO; Outgoing MD Arun Chandavarkar to remain on co Board

Air India leases 12 more aircraft to enhance international operations

These aircraft are expected to be inducted in the first half of 2023 and will be deployed on the flag carrier's short, medium and long-haul international routes

Lakme turns 70: 'Has evolved with time, stayed ahead of digital curve'

The brand is hopeful that the opportunity in the beauty and personal care space is huge as the per capita consumption of makeup in the country is very low in India

Apple to soon overtake Samsung as India's top smartphone exporter: Report

From a minuscule share in India's phone exports a year ago, Apple's share has risen to $2.2 billion during April and October

Amazon may lay off up to 20,000 employees to streamline costs: Report

In the last few days, Amazon has reportedly asked the managers to identify performance problems among the employees

Ola Electric making plans to ensure a stable supply of raw materials

The company is the only two-wheeler electric vehicle (EV) player, which has decided to manufacture the cell and control its technology - that are crucial components for making the battery

Jugal Kishore Mohapatra new chairman at Shriram Finance in top-level rejig

A post graduate from Delhi School of Economics with a Masters in Economics from Boston University, he served in various key government positions in Odisha and at the Centre

Elon Musk says Apple has 'fully' resumed advertising on Twitter again

Musk made the comments during a Twitter Spaces conversation on Saturday, adding that Apple is the largest advertiser on the social media network

Cryptocurrency exchange Bybit plans to cut 30% of workforce: CEO Ben Zhou

The layoffs are part of an ongoing reorganisation aimed at refocusing efforts, and reductions will be across the board

Hyderabad airport operator to raise Rs 1,250 crore to retire forex debt

To float AA-rated 10-year NCDs at a lower rate of interest than the 5.37% coupon on dollar-denominated senior secured notes due for repayment in April 2024

Govt in advanced stage to launch Rs 3,500-crore PLI scheme for toy sector

Dept in advanced inter-ministerial talks; schemes for bicycles, footwear to follow

Lessons from Covid: Pharma firms turn attention to adult vaccination

Vaccine companies have warmed up to the idea of adult vaccines for other diseases such as pneumonia, flu and shingles as well

Nearly 100% of 2-wheeler market will shift to EVs in 3 yrs: Bhavish Agarwal

Plans to roll out electric two-wheelers in every segment in the next 12 months

Power Grid to separate telecos, gets nod to foray into data centre biz

Power Grid Corporation of India Ltd is in the process of carving out its telecom vertical to a new fully-owned subsidiary, in a bid to have a "focused approach" and to move up the value chain

Indus Towers plans to raise up to Rs 2,000 crore through debentures

The company is likely to visit markets ahead of the repo rate decision by the Reserve Bank of India's monetary policy Committee (MPC) on December 7