Page 1767 - Company News

Voda Idea gets board approval to raise Rs 1,600 crore from ATC Telecom

Loss-making telecom operator Vodafone Idea board on Friday approved a proposal to raise up to Rs 1,600 crore from mobile tower company ATC Telecom Infrastructure, the company said

CCI says Google's penalty amount 'provisional', awaits financial details

The penalty of Rs 1,337.76 crore translates to 10 per cent of Google's average of relevant turnover for the last three preceding financial years 2018-19, 2019-2020 and 2020-21

Chinese loan apps: ED freezes fresh deposits worth Rs 78 cr after raids

The ED on Friday said it has frozen fresh deposits worth Rs 78 crore following raids at the premises of payment gateway Razorpay and some banks as part of an ongoing money laundering probe

Botminds' new certification program to upskill 90% of automation developers

All members of the Botminds AI invite-only community can enrol for the certification program. The program comprises Level 1-Foundation, Level 2-Advanced and Level 3- Architect certifications

Poonawalla Fincorp reports highest-ever profit at Rs 163 cr in Sep quarter

Poonawalla Fincorp Limited on Friday reported its highest-ever net profit of Rs 163 crore in the September 2022 quarter, a 71 per cent increase year-on-year.

CCI's Rs 1,338-cr penalty a 'major setback' for Indian consumers: Google

Will review Competition Commission's decision to evaluate next steps: Google on Rs 1,338 cr penalty order

Luxury goods take festive splash as brands present a bouquet of choices

Indian brands, too, have capitalised on the sentiment ahead of the festive season

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

ADIA, Brookfield, KKR to invest Rs 4k cr in UPL's pure-play biz platforms

Agrochemical major UPL on Friday announced a strategic corporate realignment in which ADIA, Brookfield, KKR and TPG will separately invest Rs 4,040 crore (USD 500 million) for minority stakes

DGCA lifts 50% cap restrictions on SpiceJet, to operate with full capacity

Scheduled airlines will operate 21,941 flights on domestic routes every week in the winter schedule starting from October 30

Meta-owned Facebook introduces new features, including Reels for Groups

Facebook has announced that it is rolling out more options for people to connect over shared interests, including Reels in Facebook Groups and updates to Group profiles

Wockhardt likely to sell India business to cut debt, focus on UK: Analysts

Company left with low-margin brands in India after selling profitable ones

NGT imposes Rs 18.35 cr fine on HPCL-Visakh Refinery for green violations

The National Green Tribunal has imposed a Rs 18.35 crore fine on Hindustan Petroleum Corporation Limited (HPCL)-Visakh Refinery over violation of environmental norms

Large contracts in pipeline, deal win trend intact in medium term: Mphasis

Mphasis has a reasonable proportion of large contracts in its pipeline and expects its current trend of new deal wins to continue over the medium term, a top company official said

Reliance Capital binding bids submission deadline extended to November 20

Reliance Capital Committee of Creditors (COC) has decided to extend the date of submitting the binding bids from October 31 to November 20

Even as overall hiring slows down, no dearth of jobs for senior execs: Rpt

The demand for CXOs has been relatively high in the industrial and manufacturing sectors, auto, chemicals, financial services, and energy firms

Snap's revenue increased 6% YoY to $1,128 mn in third quarter of 2022

Snap, the parent company of Snapchat, has reported that its revenue grew 6 per cent year-over-year (YoY) to $1,128 million in the third quarter of 2022.

Covishield production stopped in Dec 2021, says Serum Institute's CEO

CEO Adar Poonawalla said Serum Institute of India stopped producing Covishield vaccine from December 2021 and of the total stock available at that time, about 100 million doses had already expired

HPV vaccine prodn delayed due to Covid, to start supply in early 2023: SII

SII had to defer HPV vaccine production by two years due to the focus on Covid, and will start supplying small quantities of the dose to the Indian government in early 2023, a top official has said

The great Indian unicorn conundrum: High valuations and higher losses

Companies get investors' financing though many of them not on path to profitability