Page 1797 - Company News

S&P upgrades Greenko Energy to 'BB-' on improving business position

Greenko Energy Holdings' stabilising operating performance with greater resource diversity and manageable execution risk for pumped storage projects will strengthen its business position, S&P said

Apollo Hospitals acquires 60% stake in Ayurveda hospital chain AyurVAID

The investment will be used to upgrade existing centres, set up new centres, strengthen enterprise platforms, and for digital health initiatives, the healthcare major said in a regulatory filing

30% rise in tech firm's e-commerce platforms sales in early festive season

E-commerce platforms during the first week of festive season are estimated to have registered 30% growth year-on-year, inventory and warehouse management tech firm EasyEcom said

SpiceJet likely to receive additional Rs 1,000 crore loan under ECLGS

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21, and FY22

Amazon discontinues video calling and gaming device Glow for Kids

E-commerce giant Amazon has discontinued its video calling and gaming device called Glow for kids. The device for kids in age group 3-9 is not available on Amazon's website anymore

TVS Emerald to come up with five new projects in Chennai, Bengaluru

Combined revenue potential of the projects is Rs 1,000 cr; firm eyes 3.5x surge in area uder development to 25 mn sq ft in next 4-5 years

India Inc's foreign commercial borrowings rise by 4.6% in Aug: RBI data

India Inc's foreign commercial borrowings in August this year rose by nearly 4.6% to $2.98 billion, according to the RBI data

Hansgrohe group sees India among its top-5 strategic markets in 5 years

Among the top ten currently, India plans include local production and acquisitions, says global CEO Hans Juergen Kalmbach

BYD India targets 15,000 EV sales in 2023, to expand portfolio and network

Pure play electric car maker BYD targeting a sales of 15,000 units next year is launching a new model, increasing its distribution network and expanding production capacity if needed

23% of SMBs remain closed in India as pandemic wanes, says Meta Inc

A Meta (formerly Facebook) survey of small- and medium-sized business (SMB) leaders in India has revealed that 23% of SMBs remain closed as the Covid-19 pandemic wanes

785,000 unsold housing stock in top eight cities in Sep-end: Report

Real estate developers are sitting on around 7.85 lakh unsold housing units across eight major cities and it will take them 32 months to clear these stocks at current sales velocity

Cleartrip 2.0: The second coming of the 16-year-old travel company

Cleatrip, which was acquired by Flipkart in a distress sale last year now becoming one of the fastest-growing online travel platforms

E-groceries, fresh-food get festival season boost from tier-2 & 3 cities

The fresh-food category, witnessed a surge in demand, especially from tier-2 and -3 cities

Mid-course changes in gas pricing to delay investments, says Reliance

Reliance Industries has told a government-appointed panel reviewing gas pricing that any 'retrograde' move to artificially cap rates will add to fiscal policy instability

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