Page 1724 - Company News

Alstom to design, manufacture 312 metro cars for Delhi Metro Phase IV

Alstom said it has delivered more than 800 metro cars that are in service for the Delhi Metro network

Former Twitter CEO Dorsey tweets 'nobody knows anything', Musk reacts

The first two weeks of Musk's ownership of Twitter have been marked by rapid change and chaos

Looking into financial disclosures of Byju's: ICAI head Debashis Mitra

The development comes against the backdrop of Lok Sabha member Karti Chidambaram flagging concerns about the financials of the edtech startup

Maruti Suzuki joins hands with IIT Bombay to drive innovation programmes

The auto major said it has inked a memorandum of understanding (MoU) with Society for Innovation & Entrepreneurship (SINE), IIT Bombay to expand the reach of its innovation programs for startups

SoftBank sells 4.5% stake in Paytm for $200 million, says report

SoftBank's sale of 29.35 million shares at that price amounts to a total consideration of $200 million, according to Reuters calculations

HDFC Capital concludes 2nd H@ART summit; commits investments to 15 startups

The HDFC Capital through its H@ART platform has committed to more than 15 investments in Indian prop-tech startups and has already invested in companies like Loyalie and HomeExchange

Indian refiners wary of buying Russian oil after Dec 5 as EU sanctions loom

The Asian giants, who are two of the world's top three importers, had become Russia's biggest customers after the West shunned Russian oil after the outbreak of war in Ukraine

LIC's move to sell Reliance Capital's debt to ARC upsets lenders, bidders

LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders

Bajaj Auto eyes south east Asia to take e-scooter space by storm

Bajaj's presence in this market in ICE vehicles has been limited till now because the region is essentially a step-through two-wheeler and scooter market

India Inc earnings signal end of deleveraging cycle as borrowings rise

The combined gross borrowings of the 760 companies excluding banking, finance, insurance and stock-broking firms were up 12.2 per cent year-on-year (YoY) during April-September 2022 (H1FY23)

BEML's demerged non-core businesses entity's listing in one month

The existing BEML shareholders have been given shares in the new demerged entity in a 1:1 ratio

NFRA to carry out conduct audit quality inspections of Big 4 network firms

BSR & Co LLP and SRBC & Co LLP are the network firms of KPMG and EY, respectively

Near term margins may remain subdued for Astral, high valuation weighs

The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

'What if I'm next?' Fear grips Amazon India employees amid global layoffs

Those in the know say the full force of the impact of global layoffs in India will be felt in the retail division

Videocon Insolvency: Wisdom of creditors can't fluctuate, Twinstar tells SC

Appearing for Twinstar, Senior Advocate Abhishek Manu Singhvi said their bid for Videocon Industries Limited was approved by the CoC during the insolvency process of the group

India will create softwares of the world in next 10 yrs: InMobi founder-CEO

Advertising technology company InMobi became India's first unicorn startup back in 2011

Debutants put up a good show; Medanta soars 24%, Bikaji Foods up 6%

Medanta's stock hit a high of Rs 424.65 and a low of Rs 390.55 on the NSE, where Rs 2,000 crore worth of shares changed hands

Lighthouse India Fund offloads Rs 525-cr shares of FSN E-Commerce Ventures

On Wednesday, shares of FSN E-Commerce Ventures closed 3.91 per cent lower at Rs 184.50 on BSE

Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

Wipro plans to establish European Works Council for its employees

IT company Wipro has reached an agreement with employee representatives on setting up a European Works Council, the company said on Wednesday.