Page 1776 - Company News
American Express to start reporting card information to NeSL in November
Decision is in compliance with 2017 RBI circular asking financial creditors to submit financial information to an information utility under Section 215 of IBC
 "American Express to start reporting card information to NeSL in November")
Tea Board may modify past order on blending, change to help tea firms, TCPL
Existing notification bars blending imported tea with GI-tagged Indian varieties; Sources said commerce ministry left it to the Board to take a reasoned call on modification
 "Tea Board may modify past order on blending, change to help tea firms, TCPL")
58% of CEOs in India expect a recession to be mild and short: KPMG survey
66 per cent CEOs in India compared to 86 per cent globally anticipating a recession to hit over the next year
 "58% of CEOs in India expect a recession to be mild and short: KPMG survey")
Action for moonlighting can ruin a career, TCS will show empathy: COO
Ganapathy Subramaniam said that some IT companies work on a model where they are ok with freelancers but companies like T cannot let such an activity like moonlighting continue
 "Action for moonlighting can ruin a career, TCS will show empathy: COO")
Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements
Jaypee-owned firm undergoing bankruptcy process
 "Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements")
Flipkart unveils Flipverse, a virtual shopping experience in metaverse
The e-commerce firm has partnered with Web3 entertainment firm eDAO for the initiative where consumers can discover products in photorealistic virtual destinations and shop on Flipkart App
 "Flipkart unveils Flipverse, a virtual shopping experience in metaverse")
Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss
Business Standard brings you top news of the evening
 "Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss")
Flipkart partners with eDAO for virtual shopping experience in metaverse
Homegrown e-commerce platform Flipkart announced that it has partnered with Polygon-incubated organisation eDAO to launch a metaverse space, Flipverse
 "Flipkart partners with eDAO for virtual shopping experience in metaverse")
DGCA asks SpiceJet to get engine oil samples of entire Q400 fleet examined
The aviation regulator DGCA has directed the SpiceJet airlines to send the engine oil samples of the entire Q400 fleet consisting of 14 operational aircraft to Pratt & Whitney Canada
 "DGCA asks SpiceJet to get engine oil samples of entire Q400 fleet examined")
Nokia bags multi-year deal from Reliance Jio for mega 5G network
Finnish company Nokia on Monday said it has won a multi-year deal from Indian telecom operator Reliance Jio to build one of the largest 5G networks in the world
 "Nokia bags multi-year deal from Reliance Jio for mega 5G network")
Zydus Lifesciences gets USFDA nod for generic Valbenazine, Roflumilast
Zydus Lifesciences on Monday said it has got tentative approval from the US health regulator to market its generic versions of Valbenazine capsules and Roflumilast tablets.
 "Zydus Lifesciences gets USFDA nod for generic Valbenazine, Roflumilast")
IRB Infra soars 10%, most among A-group stocks, after 3x price target
Debt reduction, renewed govt focus on BOT projects, attractive valuations and strong revenue growth forecasts could lead to a re-rating of the stock
 "IRB Infra soars 10%, most among A-group stocks, after 3x price target")
Indian IT companies cut hiring amid US, Europe recession fears: Report
Several CEOs of IT companies in India have said that companies need to be cautious amid macroeconomic uncertainties
 "Indian IT companies cut hiring amid US, Europe recession fears: Report")
Several Indian corporate houses set to become carbon neutral by 2050
Companies including Mahindra & Mahindra, Aditya Birla Group, JSW Group, Adani Transmission, Vedanta, and Dalmia Cement have set decarbonisation goals to achieve carbon neutrality by 2050
 "Several Indian corporate houses set to become carbon neutral by 2050")
Max Life to pay Rs 3 cr penalty imposed by Irdai to avoid legal escalations
The regulator indicated that the deal between Max Life and Axis Bank circumvented regulations on commission limits
 "Max Life to pay Rs 3 cr penalty imposed by Irdai to avoid legal escalations")
Funding environment for digital push remains strong: TCS chief executive
Funding commitments for digital push remain intact despite a challenging macro-economic environment, the chief executive of TCS
 "Funding environment for digital push remains strong: TCS chief executive")
HDFC Capital Advisors-backed property tech program gets 400 proposals
HDFC Capital Advisors, a subsidiary of mortgage lender HDFC, has raised over Rs 500 crore through global investors
 "HDFC Capital Advisors-backed property tech program gets 400 proposals")
Toyota launches India's first flex fuel-strong hybrid electric vehicle
As world is discussing what should be the next alternative energy to run vehicles, Toyota has launched a first-of-its-kind pilot project flex fuel-strong hybrid electric vehicle (FFV-SHEV) in India
 "Toyota launches India's first flex fuel-strong hybrid electric vehicle")
Instagram video shared by The Wire set up to manufacture evidence: Meta
Meta said that the video shared by The Wire, which purportedly shows an internal Instagram system, appears to have been "set up specifically in order to manufacture evidence"
 "Instagram video shared by The Wire set up to manufacture evidence: Meta")
Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?
Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars
 "Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?")