Page 1777 - Company News

Tesla's former India policy chief to join e-scooter start-up Ather

Manuj Khurana, who quit his post as Tesla's local head of policy and business development in June, will start next week at Ather Energy

B2B unicorn Udaan fires around 350 employees on cost cutting measures

Sources aware of the development said around 300-350 people have been laid off from the company

No word from DoT on dues' conversion since April: Vodafone Idea CEO

In an analyst call following the release of Vi results, CEO Akshaya Moondra said the company is trying to quickly close funding talks with banks so that stuck vendor payments can be quickly addressed

KFintech settles Sebi proceedings with payment of over Rs 91 lakh

The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020

K V Kamath is independent director of RIL, non-exec head of financial arm

Reliance Strategic Investments, of which he is the non-executive chairman, will be renamed Jio Financial Services Ltd, and will be listed on the bourses pursuant to a demerger scheme

Reliance Strategic Investments appoints K V Kamath as Independent Director

Kamath served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020

IndoSpace to invest Rs 3,000 cr in warehousing, logistics space in K'taka

IndoSpace said it has signed an initial pact with the Karnataka government for this proposed investment in the state

Freshworks faces class action lawsuit in US for false statements during IPO

One of the two law firms suing Freshworks is urging investors who have incurred losses of $100,000 to join the litigation, asserting that the company has violated federal security laws

MCFL implements Rs 400-crore ammonia energy project at Mangalore plant

Post commissioning, the ammonia production will increase by 25% coupled with reduction in the energy consumption by about 10-12%

Samsung may start developing chips for home appliances, self-driving cars

According to SamMobile, the company may start the development of such chips before the end of 2022

Twitter starts laying off employees in India as part of global job cuts

Twitter has started laying off employees in India as part of a global job cut ordered by the social media platform's new owner Elon Musk to attain economies of scale

AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park

The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy

RCapital lenders meet ends in stalemate over key challenge mechanism issue

CoC decides that all bidders, while submitting their resolution plans, will agree in writing to participate in the Challenge Mechanism in whatever form it is implemented by the lenders later

Adani Group announces opening of data centre 'AdaniConneX' in Chennai

EdgeConneX is one of the largest private data centre operators

Multiples Private Equity likely to sell stake in APAC Financial Services

Multiples Alternate Asset had acquired the stake for Rs 250 crore in 2018

IndiGo Q2 loss widens to Rs 1,585 cr on higher fuel costs, forex losses

The company's loss widened to Rs 15.85 billion ($192.60 million) in the July-September quarter, from Rs 14.40 billion a year earlier

Ola Electric crosses 1 lakh production mark, says CEO Bhavish Aggarwal

The company sells three models of Ola electric scooters, Ola S1, Ola S1 Pro and Ola S1 Air

Reliance Capital CoC remain divided on 'Challenge Mechanism' process

Notably, KPMG, who is the COC advisor, and Luthra & Luthra, who is the legal advisor to the COC had proposed multiple options on the Challenge Mechanism

Xiaomi misled Deutsche Bank on 'illegal' royalty payments, says ED

One of Xiaomi's four frozen bank accounts in India is at Deutsche, according to the court documents

Maruti Suzuki lines up over Rs 7k cr capex for current financial year: CFO

The two plants in Haryana -- Gurugram and Manesar -- together roll out around 15.5 lakh units per annum