Page 1741 - Company News

EvolutionX Debt Capital makes maiden investment in PharmEasy parent firm

Debt financing platform's investment amount was not revealed; it will make equity infusion later

Unacademy gives pink slips to 350 employees in second round of layoffs

CEO Gaurav Munjal apologises to staff, says market challenges forced relook at commitment of no layoffs

Mass layoffs at Twitter: Pause ads, agencies in India advise clients

IPG, Dentsu have informally spoken to their advertisers

Inox Green IPO to open on Nov 11, sets price band at Rs 61-65 per share

Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price band of Rs 61-65 per share for its Rs 740-crore initial public offering

Tata Motors beats target, becomes India's first to roll out 50,000 EVs

The firm which entered EV market in 2020, is now focusing on a three-phased architecture approach for such vehicles and plans to launch 10 EVs in five years

Odisha inks MoU with Ashok Leyland to develop driving training institutes

The upcoming facility will help enhance the HMV driving skills of the drivers particularly in mining areas of Odisha

ONGC applies to retain 20% stake in Russia's Sakhalin-1 oil and gas project

"Yes," said the person when asked if ONGC has applied to retain its stake in the project

IndiGo, Go First weighed down by grounded planes and engine shortages

IndiGo confirms 30 planes on ground, plots alternate strategies for capacity growth

Elon Musk's Indian-origin adviser defends $8 fee for Blue tick verification

In his Twitter thread, he further mentioned that charging for blue tick would bring consistency to the platform

Life insurers register 15% rise in new biz premium at Rs 24,916 cr in Oct

The rest 23 players in the private sector witnessed their combined new business premium increasing by 11 per cent to Rs 8,996.45 crore, as against Rs 8,105.46 crore in October 2021

IOL Chemicals gets EDQM certification to supply API in European markets

The company started production of Pantoprazole Sodium Sesquihydrate in Q3FY20 at its Punjab-based facility

Awfis aims to double revenue to Rs 600 cr in FY23; IPO by Dec next year

At present, Awfis has 150 centres across 17 cities, comprising about 90,000 desks. It offers a desk in a price range of Rs 7,000-20,000 per month

LIC buys additional stake in Voltas for Rs 635 cr via open mkt transactions

LIC said it acquired Voltas' shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022

Airtel CEO Gopal Vittal elected deputy chair of GSMA for two years

Member companies selected 26 board members for 2023-24 which include senior executives from mobile operators

Aditya Birla Group, Nippon Life in talks to merge Indian life insurance JVs

The talks were initiated after a court-appointed administrator of Reliance Capital put the 51% stake in Reliance Nippon Life on sale

GSMA appoints Airtel CEO Gopal Vittal as deputy chair for a two-year term

After graduating from IIM Calcutta in 1990, Vittal joined Hindustan Unilever Limited (HUL), one of India's biggest FMCG companies

Bombay Dyeing moves SAT against Sebi's Rs 2.25 cr fine, two-year market ban

Sebi had passed the order on the firm, its promoter Nusli N Wadia, and three others for allegedly inflating financial statements; firm responded saying its accounting practice was wrongly interpreted

India set to witness multi-billion-dollar 5G roll-out by leading telcos

India has some 800 million mobile phone users and the number is growing, forming the base for the fast growing digital economy

IndiGo's 30 aircraft grounded due to 'supply chain disruptions'

"We are bullish on the market opportunities and will continue to add flights in existing and new markets," the airline said

L&T Realty, CapitaLand tie up to develop 6 mn sq ft of prime office space

L&T will build and develop the spaces, CLINT will market them; most of the projects are to be started from the second half of 2024