Page 1745 - Company News

350 employees in Udaan to get pink slip in pursuit of profitability

India's largest business-to-business e-commerce firm sacked 180 employees in June

Byju's ropes in Messi as global brand ambassador for its social initiative

Earlier this year, edtech giant Byju's became the official sponsor of the FIFA World Cup 2022 in Qatar

Samsung India sells mobile phones worth Rs 14,400 crore between Sept-Oct

The company claims that its overall mobile phone business grew by 20 per cent and has a 22 per cent revenue market share in the first nine months of 2022

GE Aerospace, Tata Advanced Systems extend $1 billion long term contract

The engine parts will be manufactured at the Tata Centre of Excellence for Aero Engines (Tata-TCoE)

Twitter fires majority of employees in India as part of global layoffs

Musk plans to cut about half the global workforce

Hero MotoCorp, Harley Davidson close in on motorcycle platform

This is part of the larger strategy to strengthen presence in the premium segment where rival Bajaj Auto and Royal Enfield have a stronghold and in which even TVS Motor Co is making rapid strides in

Telecom operators to step up pace of 5G network rollout from December

Number of towers may be increased to 10K per week by Jan

5G technology will improve network performance in India: Trai chairperson

About the need of adopting new digital technology for social and economic development, Vaghela said that digitalisation of the economy and also social life is of utmost importance in today's world

After meeting Q2 expectations, HDFC's growth outlook appears healthy

Analysts positive on stock, expect it to trade in the Rs 2,750-Rs 3,000 range

Near-term margin concerns an overhang on Kansai Nerolac Paints' stock

Higher advertising costs and demand worries could put pressure on profitability

Tesla's former India policy chief to join e-scooter start-up Ather

Manuj Khurana, who quit his post as Tesla's local head of policy and business development in June, will start next week at Ather Energy

B2B unicorn Udaan fires around 350 employees on cost cutting measures

Sources aware of the development said around 300-350 people have been laid off from the company

No word from DoT on dues' conversion since April: Vodafone Idea CEO

In an analyst call following the release of Vi results, CEO Akshaya Moondra said the company is trying to quickly close funding talks with banks so that stuck vendor payments can be quickly addressed

KFintech settles Sebi proceedings with payment of over Rs 91 lakh

The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020

K V Kamath is independent director of RIL, non-exec head of financial arm

Reliance Strategic Investments, of which he is the non-executive chairman, will be renamed Jio Financial Services Ltd, and will be listed on the bourses pursuant to a demerger scheme

Reliance Strategic Investments appoints K V Kamath as Independent Director

Kamath served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020

IndoSpace to invest Rs 3,000 cr in warehousing, logistics space in K'taka

IndoSpace said it has signed an initial pact with the Karnataka government for this proposed investment in the state

Freshworks faces class action lawsuit in US for false statements during IPO

One of the two law firms suing Freshworks is urging investors who have incurred losses of $100,000 to join the litigation, asserting that the company has violated federal security laws

MCFL implements Rs 400-crore ammonia energy project at Mangalore plant

Post commissioning, the ammonia production will increase by 25% coupled with reduction in the energy consumption by about 10-12%

Samsung may start developing chips for home appliances, self-driving cars

According to SamMobile, the company may start the development of such chips before the end of 2022