Page 1751 - Company News
Slow and poor recovery of avoidance transactions, shows IBC data
Slow progress: Recovery of avoidance transactions less than 0.3%
 "Slow and poor recovery of avoidance transactions, shows IBC data")
Airtel raises price of minimum monthly recharge plan by 57% to Rs 155
Bharti Airtel has increased the price of its minimum recharge for 28 days mobilephone service plan by about 57 per cent to Rs 155 in Haryana and Odisha, according to the company's website and analysts
 "Airtel raises price of minimum monthly recharge plan by 57% to Rs 155")
Air India plans to hire over 100 expat pilots for wide-body planes: Report
The carrier is looking to rope in around 100 pilots for the wide-body Boeing 777 fleet and has approached various agencies that provide expat flight crew to airlines, the sources told PTI
 "Air India plans to hire over 100 expat pilots for wide-body planes: Report")
Three-wheelers take charge in auto industry's electrification race
Account for half the registrations in the category this year
 "Three-wheelers take charge in auto industry's electrification race")
As moonlighting gains traction, most employees feel it is unethical: Report
The survey respondents were segregated into cities and further categorised into large, medium and small organisations and sectors
 "As moonlighting gains traction, most employees feel it is unethical: Report")
Fifa World Cup: Fans fume at Jio Cinema app, advertisers optimistic
Network apologises after viewers complain about broadcast quality of the first match of the tournament
 "Fifa World Cup: Fans fume at Jio Cinema app, advertisers optimistic")
L'Oreal appoints Aseem Kaushik as Managing Director for India
French personal care company L'Oral on Monday announced the appointment of Aseem Kaushik as its Managing Director for India.
 "L'Oreal appoints Aseem Kaushik as Managing Director for India")
Tim Hortons plans to open 120 stores in India in next three years
Canadian restaurant chain Tim Hortons plans to open around 120 stores in India in the next three years at an investment of up to Rs 300 crore, a top company official said on Monday.
 "Tim Hortons plans to open 120 stores in India in next three years")
Koo records over 1 mn downloads within 2 days of launch in Brazil
Homegrown microblogging platform Koo App on Monday said it has received a strong response from users in Brazil, logging over 1 million downloads within 48 hours of launch in that market
 "Koo records over 1 mn downloads within 2 days of launch in Brazil")
Jindal Steel & Power wins bid to build Botswana's 300-MW coal power plant
State owned Morupule Coal Mine and Minergy's Masama are the country's only operating coal mines
 "Jindal Steel & Power wins bid to build Botswana's 300-MW coal power plant")
Top listed cement companies' margins, profits lowest in a decade
The industry's combined quarterly earnings in Q2FY23 were the lowest since July-September 2013
 "Top listed cement companies' margins, profits lowest in a decade")
Aditya Birla Capital to seek regulator role in RCap resolution process
Warns it will seek intervention if RCap's Administrator ignores its demand for additional info on the company
 "Aditya Birla Capital to seek regulator role in RCap resolution process")
Jio gets NCLT green light to acquire debt-laden Reliance Infratel
Infratel has fibre assets of 178,000 route kilometres and 43,540 mobile towers spread across the country
Skyroot's Vikram-S rocket launch creating space for private sector
The launch of a sounding rocket by Skyroot marks the start of a surge in start-ups entering a sector that was opened up only in June 2020
 "Skyroot's Vikram-S rocket launch creating space for private sector")
Lance Bennett to be vice-prez for sales, marketing at Mercedes-Benz India
Luxury carmaker Mercedes-Benz India on Monday said it has appointed Lance Bennett as Vice President, Sales and Marketing, with effect from February 1, 2023.
 "Lance Bennett to be vice-prez for sales, marketing at Mercedes-Benz India")
Clean Electric raises $ 2.2 million funding round led by Kalaari Capital
Energy storage solutions startup Clean Electric on Monday said it has raised USD 2.2 million (about Rs 18 crore) in a funding round led by early-stage venture capital firm Kalaari Capital.
 "Clean Electric raises $ 2.2 million funding round led by Kalaari Capital")
Diamond Power Infra seeks shareholders' nod to raise borrowing limit
Diamond Power Infrastructure will seek shareholders' approval to raise its borrowing limit to Rs 3,000 crore in its annual general meeting on December 14, according to a regulatory filing.
 "Diamond Power Infra seeks shareholders' nod to raise borrowing limit")
M&G gets CCI nod for subscription of Trustroot Internet bond, warrants
Trustroot Internet is primarily engaged in an online B2B e-commerce marketplace by the name of 'Udaan'
 "M&G gets CCI nod for subscription of Trustroot Internet bond, warrants")
Adani group's Rs 493-cr open offer for NDTV shares to begin on Tuesday
The offer, for 16.7 million shares at Rs 294 apiece, will close on December 5. The size of the open offer is nearly Rs 493 crore
 "Adani group's Rs 493-cr open offer for NDTV shares to begin on Tuesday")
ProcMart raises $10 mn in funding round led by Sixth Sense Ventures
B2B e-commerce firm ProcMart on Monday said it has raised $10 million, about Rs 82 crore in a funding round led by Sixth Sense Ventures.
 "ProcMart raises $10 mn in funding round led by Sixth Sense Ventures")