Page 1730 - Company News

SpiceJet quarterly loss widens to Rs 838 crore on higher fuel prices

Losses widened to Rs 838 crore ($103.25 million) for the three months ended Sept 30

Reliance Jio aims to bring Kolkata under 5G service coverage by June 23

Jio has launched its services in select cities and is ramping up coverage gradually

Smartworld Developers expect sales worth Rs 250 cr from retail project

The 100,000 sw ft project in Gurugram is spread over three floors, with units ranging from 500 sq ft to 12,000 sq ft

Power System Operation Corporation renamed to Grid Controller of India

The Grid Controller of India Limited (Grid-India) operates the national load despatch centre (NLDC) and five regional load despatch centres (RLDCs)

Hero MotoCorp opens first VIDA experience centre; commences test rides

The country's largest two-wheeler maker said it has also commenced customer test-rides of the VIDA V1 electric scooter from Monday

Nippon Life-Birla Sun Life merger talks fail ahead of RCap deal deadline

Sources say Nippon Life of Japan not keen on diluting its holding in Reliance Nippon Life Insurance Company to less than 10%--something that the merger will bring about

L&T Infotech, Mindtree merge to make India's 5th-largest IT company

Larsen & Toubro Infotech and Mindtree merger received the approval from National Company Law Tribunal

SREI Equipment Finance auditor reports Rs 13,110-cr fraudulent transactions

The administrator has filed applications before the Kolkata bench of the NCLT for adjudication

Infosys BPM opens AI, automation unit in Poland for global clients

Centre will offer solutions for lowering costs, productivity, and customer experience: Company

Senior IAS officer Gaurav Dwivedi appointed as Prasar Bharati CEO

Shashi Shekhar Vempati was the CEO of Prasar Bharati from 2017 to 2022

Auto component suppliers to log 8-10% revenue growth this fiscal: ICRA

The export orders have slowed down in the last few months, impacted by inflationary pressures, geopolitical tensions, and supply-chain issues

Supreme Court dismisses SEBI's review petition against Reliance Industries

Sebi has refused to entertain RIL's request to share the privileged documents on the grounds that under the SEBI (Settlement Proceedings) Regulations, Reliance has no right to seek information from it

Alembic Pharma gets USFDA nod for generic cancer treatment medication

The company has received approval from the USFDA to market its product which is a generic version of Hikma Pharmaceuticals USA Inc product, Alembic Pharmaceuticals said in a statement.

Unicorn startup Darwinbox may go for IPO in next 3 years: Co-founder

The promoters of Darwinbox currently hold more than 30 per cent stake in the company while the rest is held by investors, including TCV, Salesforce Ventures, Sequoia, Lightspeed and Endiya Partners

Tata Sons start process to bring all its airlines under one roof: Report

The expected merger is set to happen within a month of the Tata group completing the consolidation of Air India Express and AirAsia India

Prakash Subramanian joins hedge fund Millennium Capital as India CEO

US-based company is looking to invest in India and is building a new management team in the country

Venture Catalysts says it has funded 54 start-ups at over $50 mn valuation

Individual valuations of at least two dozen companies have crossed $100 million, says investment firm

Kalrock Capital says raids on promoter will not impact Jet revival

'Florian confirms that neither Kalrock Capital Partners nor Jet Airways have any connection with these ongoing investigations, or the charges made thereunder'

Infosys circulates three-phase work-from-office plan internally: Report

This is in line with its Chief Executive Officer (CEO) Salil Parekh's announcement in October that the company will continue its flexible approach in calling the employees back to the office

Big shoes to fill for footwear firms as near-term margin worries bite

Relaxo lags behind peers in the quarter, given demand weakness, price cuts, and higher input costs