Page 1788 - Company News

Tata Steel announces offloading 19% equity holding in AI Rimal to Tanmia

Tata Steel on Tuesday said it has offloaded 19 per cent stake in Al Rimal Mining LLC, Oman (Al Rimal)

Centre asks Coal India to enhance supply to thermal power plants

With the festival season round the corner, Coal India Ltd has been directed by the government to scale up dispatch to thermal power plants

Start-up LeverageEdu gets RBI approval for financial services unit

Company raised $22 million in funding in March earlier this year at a valuation of $120 million

CCI gives conditional approval to Sony-Zee merger deal: Report

Competition Commission on Tuesday gave its conditional approval for the proposed merger between media groups Sony and Zee, according to sources.

Jio to start beta trial of 5G services in four cities from Oct 5

The company will send an invite to customers under Jio True 5G Welcome Offer to try its 5G services, and the subscribers will get unlimited 5G data with up to 1 gigabit per second speed

Hindustan Zinc mined metal production marginally up at 255,000 tonnes in Q2

Vedanta group firm Hindustan Zinc's mined metal output rose by 3 per cent to 2,55,000 tonnes in the July-September quarter on the back of better grades and improved mill recoveries.

Ola Electric sets up experience centre in Chennai, eyes 200 by March 2023

Electric two-wheeler maker Ola Electric has set up its first experience centre in Chennai as part of a plan to set up 200 such facilities across the country by March 2023, the company said on Tuesday

Four Indian-Americans, including IndiGo's Gangwal, in Forbes 400 rich list

Indian-Americans Vinod Khosla, Romesh Wadhwani and Rakesh Gangwal made it to the Forbes 2022 list of 400 wealthiest Americans with Zscaler CEO Jay Chaudhry leading the pack

Taxes absorb 58% telco revenues in nation with lowest tariff: Voda-Idea CEO

Says operational cash generation can be released for investments if govt eases tax burden

Indian refiners scout for oil deals ahead of EU ban on Russian crude:Report

Indian Oil Corp and Bharat Petroleum Corp are seeking term deals with countries, including the United States, industry sources said

CEOs rethinking strategies to hire, retain talent: KPMG 2022 CEO Outlook

KPMG's latest poll asked more than 1,300 CEOs of the world's leading companies about their hiring plans and expectations

Commercial EV maker Euler Motors raises $60 mn in funding round led by GIC

Company will use the money to strengthen manufacturing, supply chain and hire talent

Nestle to invest $1 billion towards sustainable coffee farming plan

The new plan builds on a previous coffee-sustainability effort that started 12 years ago involving around 100,000 farmers; the goal is to double that in the coming years

Lupin gets USFDA nod to market generic HIV drug Darunavir tablets

Drug firm Lupin on Tuesday said it has received an approval from the US health regulator to market Darunavir Tablets, used to treat Human Immunodeficiency Virus (HIV) infection, in the American market

Bessemer Venture leads $3.5 mn seed round for SaaS billing start-up Zenskar

Zenskar's flexible billing platform enables SaaS firms to handle usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid, post-paid, and ramp deals

Greenwashing enters a $22 trillion debt market, derailing climate goals

Fashion giant Chanel, known for its iconic perfume and tweed suits, keeps up to date with changing tastes.

Edelweiss arm aims to raise $1 billion in third distressed asset fund

Edelweiss Alternative on Tuesday said it is targeting to raise USD 1 billion (about Rs 8,000 crore) in its third distressed asset fund, eyeing strong opportunities in the space

India's bad bank NARCL offers Rs 228 cr for Mittal Corp debt held by PSBs

The NARCL will have the right to match any counteroffers, as the lenders have put the debt on the block

Google shuts down translation feature in mainland China citing 'low usage'

American tech giant Google on Monday (local time) announced that it was shutting down the Google Translate service in mainland China, citing low usage in the country, as per reports.

Naspers-owned Prosus terminates $4.7 billion deal to acquire BillDesk

Prosus has been a long-term investor and operator in India, putting in close to $6 billion in Indian technology companies since 2005