Page 1775 - Company News

Indian firm eyes sending tourists near space in capsule by 2025

The firm has set itself a target of 2025 for beginning its flight into space

Indians likely to use 'Twitter Blue' in a month, says Elon Musk

Musk has now said that Twitter Blue rollout can be expected in India within a month, clearing the air around when the chargeable service will be available in this key market

$8 Twitter Blue with verification in India within a month: Elon Musk

Elon Musk on Sunday confirmed that the new Twitter Blue subscription service with verification (blue badge) for $8 will be available in India in less than a month.

Twitter losing $4 million a day, India revenue a small percentage

The microblogging site's business in the country has managed to make a profit for the past seven fiscal years

International cruise liners back in India after two yrs led by Viking Mars

The six-month old ship operated by Switzerland-based cruise operator Viking will dock at Mumbai on Nov 13 enroute to Thailand. It is carrying 800 passengers

Jio offers to deposit Rs 3,720 cr in escrow account to acquire RCom assets

Telecom operator Jio has proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is undergoing liquidation process

IOB Q2 net up 33% to Rs 501 cr, total income rises 15% to Rs 5,852 cr

Gross NPA down 6% during the quarter, net NPA up 11%; ratios improve in both spaces; lender came out of RBI's Prompt Corrective Action (PCA) on September 29, 2021

South Eastern Coalfields tops in coal output among CIL subsidiaries

South Eastern Coalfields (SECL), the highest coal-producing company among the eight entities of CIL over the years, was outshined by Odisha-based Mahanadi Coalfields (MCL) in FY22

Edtech pioneer Ronnie Screwvala to build world's largest tech school

The move comes at a time when many unicorns recently fired employees in an attempt to conserve cash and focus on profitability amid steep losses and a funding winter

Less than 50% capex planned for FY23 utilised, says Tata Steel CEO

Tata Steel has spent less than half of the capex planned for ongoing 2022-23 fiscal year, its CEO T V Narendran said

Voda Idea expands retail presence with 300 new 'Vi shops' in rural markets

Vodafone Idea said it has rolled out 300 new-format 'Vi Shops' across multiple towns in Maharashtra, Tamil Nadu, Kerala, West Bengal and UP West, in line with its expansion blueprint

Hotels roll out red carpet as big fat Indian weddings make a comeback

2.5 million marriages may get solemnised during the wedding season starting next week; tariff at hotels up by a record 25-30% over 2019-20 levels

Mumbai's venture debt marketplace plans early-stage funding for startups

A Mumbai-based venture debt marketplace is in the midst of setting up an Alternate Investment Fund and raise USD 90 million for funding 100 startups in 10 countries

Macrotech Developers looking to sell mall, office space: MD Abhishek Lodha

Realty firm Macrotech Developers plans to sell a shopping mall near Mumbai and 1.5-2 lakh square feet office space by March to monetise non-core assets, its MD and CEO Abhishek Lodha said

Dr Reddy's lines up Rs 1,500 cr capex, to focus on biosimilars, injectables

Dr Reddy's Labs has earmarked a capex of about Rs 1,500 crore for FY23 with major part of it slated to go into building capacities for its biosimilar and injectable businesses, CFO Parag Agarwal said

FMCG makers expect margins improvement and comeback of rural sales from Q3

The FMCG industry expects an improvement in its margins and hopes to make a comeback from the rural market from the third quarter, though it witnessed pressure on volume in the September quarter

Crystal Crop Protection eyes 15% jump in revenue to Rs 2,600 cr this fiscal

Agro-chemicals firm Crystal Crop Protection Ltd is expecting 15 per cent growth in its turnover this fiscal to around Rs 2,600 crore on better sales, its MD Ankur Aggarwal said

Twitter founder Jack Dorsey apologises to employees amidst layoffs

Former Twitter Inc. Chief Executive Officer Jack Dorsey said he regrets growing the company too quickly as the social media platform downsizes following its recent sale to Elon Musk

CCPA fines Cloudtail with Rs 1 Lakh for not complying with BIS standards

Central Consumer Protection Authority directs Cloudtail to recall and reimburse the prices of 1,033 pressure cookers sold to consumers and submit a compliance report in 45 days

Mahindra Lifespace Developers' sale bookings grow 32% to Rs 399 crore in Q2

Its sale bookings stood at Rs 303 crore in the year-ago period, according to an investors' presentation