Page 1787 - Company News

Robotics start-up Miko picks 70% stake in AI board-game maker Square Off

The 2 companies aim to together generate more than $100 million in revenue in 2023

Scarred by boycotts, ad industry treads cautiously this festival season

Experts say brands must evaluate if their social messaging is only oriented towards catching eyeballs

No charge on UPI payments via RuPay credit card for up to Rs 2,000: NPCI

There will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs 2,000 in line with the RBI direction, a recent NPCI circular said

IT companies to hire 20% less people in next financial year: Report

Despite strong indicators in the software market, Indian tech companies have been facing high attrition and narrowing margins, its impact is most likely to be faced during the hiring of freshers

Adani Enterprises announces establishment of two new subsidiaries

While Adani Disruptive Ventures aims to partner with businesses looking to create solutions through disruptive technology, Alwar Alluvial Resources will be engaged in minerals processing

Reliance, Sanmina completes JV deal to build manufacturing hub in India

Integrated manufacturing solutions company Sanmina Corporation and Reliance Strategic Business Ventures Limited (RSBVL), announced the completion of their joint venture transaction

Nokia to scale up mfg in India by 1.5x to support its 5G service rollout

Nokia is supplying network equipment to Bharti Airtel and Reliance Jio for their 5G networks from its plant in Chennai. Vodafone Idea is yet to finalise its contract as it awaits fresh funding

India will give 5G the scale, says Qualcomm CEO Cristiano R Amon

Open to sourcing chips from India if suppliers are ready

Edelweiss raises $425 mn for 3rd special situation fund, seeks $1 bn corpus

Company says it has investment commitment from insurance companies, pension funds, high net worth individuals

Weak rural demand drags down FMCG sales in September, shows data

Bizom pointed out that rural sales were impacted in September due to excessive rainfall in some areas and weak rainfall in some other regions, thereby affecting agri yields and household incomes

86% of global CEOs see recession within 12 months, finds KPMG survey

46% of corporate leaders considering job cuts over the next six months

Reliance Jio to start beta trial of 5G services in 4 cities on Wednesday

Users to get unlimited data with 1 Gbps speed

Results preview: Margin woes may not ease for IT services companies

Management commentary amid a 'Lehman Brothers situation' in Europe will be key

CCI gives conditional nod to Zee-Sony merger, formal order awaited

Sony and Zee confirm development, say awaiting remaining regulatory approvals

General merchandise and apparel growth key for DMart's margin gains

The retailer's revenues in Q2 were lower than estimates

Adani Group's stock surge at risk of reversal, technical indicator shows

The stock rallies of Gautam Adani's companies, which expanded his fortune at a pace that outran all other billionaires globally, is set for a reversal, according to a technical indicator

HCL Tech to scale up Brazil operations, to hire 1,000 people in 2 years

IT company HCL Tech plans to hire 1,000 people in Brazil in the next two years and will also open a new technology centre in Campinas, the company said on Tuesday

Shopsy claims 6-fold growth in customers, orders during festive season sale

E-commerce firm Flipkart's social commerce unit Shopsy claims to have registered a six-fold growth in customers and orders in the recently concluded festive season sale

Sebi slaps Rs 10 cr penalty on Gautam Thapar for alleged fund diversion

Passes final order in CG Power fund diversion case; also fines Avantha Holdings Rs 5 cr and deal lenders IndusInd Bank and Aditya Birla Finance Rs 1 cr each

Wipro asks employees to report to office at least three days a week

The firm's office will remain open for four days each week