Page 1795 - Company News
How Bharti Airtel is trying to make its media business subscription-driven
Airtel Digital, which operates the firm's music and streaming video business, has 189 million monthly active users
 "How Bharti Airtel is trying to make its media business subscription-driven")
Future Retail insolvency: EoI invited from prospective buyers by Oct 20
The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP)
 "Future Retail insolvency: EoI invited from prospective buyers by Oct 20")
Karnataka HC declines relief to Xiaomi India over Rs 5,551-cr asset freeze
The competent authority, formed under the Foreign Exchange Management Act, 1999 (FEMA), confirmed the order of the ED to seize the assets of the smartphone company on September 19.
 "Karnataka HC declines relief to Xiaomi India over Rs 5,551-cr asset freeze")
Chennai and Jaipur to be seed sites of Mahindra Lifespaces-Actis JV
Major stake of the joint venture's total investment is to be acquired by Actis. Over the initial years, total investment is to be estimated at Rs 2,200 crore including debt
 "Chennai and Jaipur to be seed sites of Mahindra Lifespaces-Actis JV")
Nykaa, Dubai's Apparel Group forge GCC alliance to build multi-beauty brand
Indian cosmetics and fashion retailer Nykaa on Thursday entered a strategic alliance with Dubai-based fashion and lifestyle retail conglomerate Apparel Group to expand in Gulf countries
 "Nykaa, Dubai's Apparel Group forge GCC alliance to build multi-beauty brand")
Titan sees 18% sales growth in September quarter; adds 105 new stores
Tata group firm Titan on Thursday said its overall sales grew 18 per cent year-on-year in the September quarter
 "Titan sees 18% sales growth in September quarter; adds 105 new stores")
HFCL, Qualcomm partner for 5G outdoor small cell product development
Domestic telecom gear maker HFCL has partnered with Qualcomm Technologies for design and development of 5G outdoor small cell products, the home-grown firm said on Thursday
 "HFCL, Qualcomm partner for 5G outdoor small cell product development")
Asteria Aerospace gets DGCA's micro category drone certification
Asteria Aerospace Limited on Thursday announced that it has received India's first micro category drone type certification for its indigenously designed A200 drone from the DGCA
 "Asteria Aerospace gets DGCA's micro category drone certification")
Dabur says consolidated revenue in Q2 likely to grow in mid-single digit
Home-grown FMCG major Dabur India on Thursday said its domestic business had a "steady performance" and is expected to report "revenue growth in mid-single digit" for the second quarter
 "Dabur says consolidated revenue in Q2 likely to grow in mid-single digit")
Karnataka HC declines relief to Xiaomi over Rs 5,551-cr asset freeze
The Enforcement Directorate froze Rs 5,551 crore of Xiaomi assets in April, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments
Dabur India flags up to 200 bps margin hit in Q2 as inflation bites
Dabur's consolidated revenue grew 8.1% in the June-quarter, with an operating margin of 19.62%
RBI directs credit information companies to appoint internal ombudsman
The Reserve Bank of India (RBI) on Thursday has directed all the credit information companies to appoint an internal ombudsman by April 1, 2023
 "RBI directs credit information companies to appoint internal ombudsman")
SpiceJet shares settle 9% higher on report of likely Rs 1,000-cr govt loan
Shares of SpiceJet on Thursday ended nearly 9 per cent higher amid reports that the company is expected to receive an additional Rs 1,000 crore as part of the modified ECLGS
 "SpiceJet shares settle 9% higher on report of likely Rs 1,000-cr govt loan")
Top headlines: Sep services growth at 6-month low; Dabur flags margin hit
"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing
 "Top headlines: Sep services growth at 6-month low; Dabur flags margin hit")
India sees $5.7-bn online festive sales, 56k mobiles sold per hour: Report
The online retail platforms in India clocked $5.7 billion (about Rs 40,000 crore) worth festive sales between September 22 to 30, a robust 27 per cent (year-on-year) growth, a report showed
 "India sees $5.7-bn online festive sales, 56k mobiles sold per hour: Report")
Airtel rolls out 5G Plus in eight cities, no SIM change required
Customers in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi will start enjoying the Airtel 5G Plus services in a phased manner, said the company
 "Airtel rolls out 5G Plus in eight cities, no SIM change required")
WeWork India takes on lease 362,000 sq ft office space in Bengaluru
Co-working major WeWork India on Thursday said it has taken on lease 3.62 lakh square feet office space in Bengaluru as part of its expansion plan amid rising demand for flexible workspace.
 "WeWork India takes on lease 362,000 sq ft office space in Bengaluru")
Mumbai Angels raises $ 2mn funding for recruitment automation start-up
TurboHire ensures accuracy in candidate selection and reduces the cost and time spent on hiring
 "Mumbai Angels raises $ 2mn funding for recruitment automation start-up")
Agritech start-up Falca raises $3 mn in funding for expanding business
Company enables farmers to sell their products directly to consumers without extra costs like logistics, packaging
 "Agritech start-up Falca raises $3 mn in funding for expanding business")
ONGC Videsh to invest $1 billion in offshore block held by Petrobras
Brazil's Petroleo Brasileiro SA (Petrobras) owns a 75 per cent stake in the block and the rest 25 per cent is held by OVL, it will raise its stake in the block
 "ONGC Videsh to invest $1 billion in offshore block held by Petrobras")