Page 1727 - Company News
Tata Group to open 20 'beauty tech' outlets, in talks with foreign brands
The move pits Tata against LVMH's Sephora and domestic rival Nykaa for a share of the fast-growing $16 billion beauty and personal care market in the world's second-most populous country.
 "Tata Group to open 20 'beauty tech' outlets, in talks with foreign brands")
Over 50% Indian firms experienced economic crime in 2 years: Survey
95% of them suffered new types of fraud as a result of the disruption caused by Covid-19
 "Over 50% Indian firms experienced economic crime in 2 years: Survey")
Bharti Airtel starts offering 5G service around 13 locations in Gurugram
Telecom operator Bharti Airtel on Tuesday announced the launch of 5G services at around 13 locations in Gurugram
 "Bharti Airtel starts offering 5G service around 13 locations in Gurugram")
SBI nominates Ministry of Finance secretary Vivek Joshi on its board
State Bank of India (SBI) on Tuesday said the government has nominated Vivek Joshi to its board following the cessation of the previous director
 "SBI nominates Ministry of Finance secretary Vivek Joshi on its board")
Twitter is very slow in India, Indonesia & many other countries: Musk
Billionaire entrepreneur Elon Musk has said Twitter is very slow in India and many other countries
 "Twitter is very slow in India, Indonesia & many other countries: Musk")
Google adds UPI's auto payment feature on Play Store for app subscriptions
Google has added UPI's auto payment system to the Play Store in India to enable users make recurring payment for apps subscription with one-time permission, the company said in a blog on Tuesday
 "Google adds UPI's auto payment feature on Play Store for app subscriptions")
Sebi penalises Global SNC, proprietor for unregistered advisory services
Sebi on Tuesday levied fines totalling Rs 6 lakh on Global Invest Consultant and Advisor/The Global SNC and its proprietor Rakesh Aashware for providing unauthorised investment advisory services
 "Sebi penalises Global SNC, proprietor for unregistered advisory services")
Google adds Sleep Profile to its Pixel Watch to help users improve sleep
Google has added Sleep Profile to the Pixel Watch, giving more ways to understand user sleep information, more insight into their sleep style over time
 "Google adds Sleep Profile to its Pixel Watch to help users improve sleep")
Q2 earnings: Corporate profits decline, a first in nine quarters
The combined net profit of 2,725 listed companies across all sectors was down 6.3 per cent year-on-year (YoY) in Q2 -the first contraction after eight consecutive quarters of YoY growth
 "Q2 earnings: Corporate profits decline, a first in nine quarters")
Blackstone launches platform to expand foray in Indian data centre segment
US private equity player Lumina CloudInfra's to add 600 megawatts of critical IT load
 "Blackstone launches platform to expand foray in Indian data centre segment")
IndiGo Cargo starts with 1st freighter flight between Delhi, Mumbai
IndiGo commenced operations of its first A321 Freighter aircraft between Delhi and Mumbai from Tuesday
 "IndiGo Cargo starts with 1st freighter flight between Delhi, Mumbai")
WhatsApp India boss Abhijit Bose, Meta India public policy head quit
This development comes close on the heels of Meta laying off 11,000 employees worldwide, or about 13 per cent of its workforce, as it battles faltering revenue and broader tech industry woes
 "WhatsApp India boss Abhijit Bose, Meta India public policy head quit")
Jaguar Land Rover inks partnerships to improve semiconductor supplies
Tata Motors-owned Jaguar Land Rover is stitching up partnerships to improve semiconductor supplies, as it looks to improve sales volume in the second half of the current financial year
 "Jaguar Land Rover inks partnerships to improve semiconductor supplies")
Singapore-based Payash Capital objects to Arcelor inclusion in Srei bidding
Singapore-based Payash Capital, a 49 per cent stakeholder in Trinity Alternative Investment Managers Limited (TAIML), has opposed the decision of the administrator to include ArcelorMittal as a bidder for SREI assets under insolvency proceedings.
 "Singapore-based Payash Capital objects to Arcelor inclusion in Srei bidding")
IT hiring slowdown to hit Info Edge revenues in second half of FY23
Ongoing investments in 99acres amid rising competition may hinder profitability
 "IT hiring slowdown to hit Info Edge revenues in second half of FY23")
Paytm faces another reckoning with lock-in period expiring this week
The biggest shareholders in One97 Communications Ltd., Paytm's parent company, are Alibaba Group Holding Ltd. and its fintech affiliate Ant Group Co., as well as Japan's SoftBank Group Corp
 "Paytm faces another reckoning with lock-in period expiring this week")
Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence
Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida
 "Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence")
Content management platform Contentstack raises $80 mn in Series C funding
Georgian's Lead Investor Emily Walsh will join the Contentstack board along with Contentstack CFO David Overmyer
 "Content management platform Contentstack raises $80 mn in Series C funding")
Google Play allows UPI Autopay payment for subscription-based purchases
Autopay helps customers make recurring payments using any UPI application
 "Google Play allows UPI Autopay payment for subscription-based purchases")
Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote
Tata Consumer Products will issue one equity share for every 22 share held in Tata Coffee to existing shareholders
 "Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote")