Page 1756 - Company News

BEML's demerged non-core businesses entity's listing in one month

The existing BEML shareholders have been given shares in the new demerged entity in a 1:1 ratio

NFRA to carry out conduct audit quality inspections of Big 4 network firms

BSR & Co LLP and SRBC & Co LLP are the network firms of KPMG and EY, respectively

Near term margins may remain subdued for Astral, high valuation weighs

The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

'What if I'm next?' Fear grips Amazon India employees amid global layoffs

Those in the know say the full force of the impact of global layoffs in India will be felt in the retail division

Videocon Insolvency: Wisdom of creditors can't fluctuate, Twinstar tells SC

Appearing for Twinstar, Senior Advocate Abhishek Manu Singhvi said their bid for Videocon Industries Limited was approved by the CoC during the insolvency process of the group

India will create softwares of the world in next 10 yrs: InMobi founder-CEO

Advertising technology company InMobi became India's first unicorn startup back in 2011

Debutants put up a good show; Medanta soars 24%, Bikaji Foods up 6%

Medanta's stock hit a high of Rs 424.65 and a low of Rs 390.55 on the NSE, where Rs 2,000 crore worth of shares changed hands

Lighthouse India Fund offloads Rs 525-cr shares of FSN E-Commerce Ventures

On Wednesday, shares of FSN E-Commerce Ventures closed 3.91 per cent lower at Rs 184.50 on BSE

Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

Wipro plans to establish European Works Council for its employees

IT company Wipro has reached an agreement with employee representatives on setting up a European Works Council, the company said on Wednesday.

Page Industries to invest Rs 290 cr to set up two facilities in Telangana

Page Industries is the exclusive licensee of Jockey and Speedo in India

Swiggy partners go on strike over wages in Kochi as talks with company fail

Protests gather steam as earnings dwindle and fuel prices surge; some say the earnings have declined by as much as 50%

Aurobindo Pharma receives EIR from USFDA for its Andhra Pradesh facility

It was inspected further by the USFDA from July 25 to August 2, 2022 and issued a Form 483 with three observations

Softbank to divest 29 mn shares in Paytm via block deals on Thursday

Floor price set at Rs 555, 8% discount to last close

Swiggy announces sexual harassment policy for women delivery executives

If the reported offence is punishable by law then it will lead to the removal of customers from the Swiggy's platform

NMDC in talks to invest in lithium exploration companies in Australia

Investment would be voa NMDC's Perth-based arm, Legacy Iron Ore, which is already prospecting for iron ore, gold and base metals there

South Korea's KB Group invests $100 mn in Elev8 Venture Partners Fund

Financing will help Elev8 identify investment opportunities in Indian technology companies

Passenger vehicle sales could hit over 3.8 mn units in FY23: Tata Motors MD

The first half of FY23 was very strong for the PV industry with 'nearly 1.9 million vehicles', said Chandra who is also the Managing Director of Tata Passenger Electric Mobility Ltd

Meta India policy chief Rajiv Aggarwal joins Samsung in a tech policy role

Rajiv Aggarwal will take up the position, which entails liaising with and lobbying government officials on domestic policy matters, from December

Piramal Capital withdraws insolvency proceedings against Reliance Power

This follows an out-of-court settlement between both the companies over a Rs 526 crore loan default by Reliance Power and its subsidiary Reliance Natural Resources Ltd (RNRL)