Page 1797 - Company News

Led by HDFC twins, India sees record $124-billion M&A deals in H1FY23

Bankers said the second half of the ongoing financial year will be led by government divestments

PM to roll out 5G services; Airtel, Jio to go live in Ahmedabad & Varanasi

$450 billion is expected to be gained by the Indian economy in between 2023 and 2040 as a direct result of 5G, according to the GSMA

UltraTech, JSW in race to acquire India Cements' project in Madhya Pradesh

India Cements had indicated in its FY22 annual report that it had acquired 184.53 hectares of limestone-bearing land at Pawai Tehsil in Panna District of Madhya Pradesh.

ED order to seize Rs 5.5K cr from Chinese mobile firm Xiaomi gets approval

FEMA, which checks foreign exchange violations, requires that the appeals against seizure orders be heard only by an authority appointed by the Centre

Macro issues not impacting demand: Mercedes India CEO Martin Schwenk

With the launch of the EQB by year-end, Mercedes will have a portfolio of four EVs. It expects a fourth of its sales in India to come from electric in the next five years

Hindustan Shipyard registers highest value of production in its history

State-run Hindustan Shipyard Limited (HSL) has posted the highest value of production worth Rs 755 crore in the PSU's history during the financial year 2021-22, a senior company official said

From traditional cubicles to smart cabins, co-working is back with a bang

Demand fuelled by hybrid work models, digital nomads, post-Covid urban loneliness

Amid takeover offer, McLeod Russel pins hopes on debt recast plan

CMD Khaitan says banks have been very supportive and have come to a conclusion on what debt restructuring resolution should be

Flipkart's 'Big Billion' sale logs 70% growth in premium mobile phone sales

E-commerce firm Flipkart has recorded 70% growth in sales of premium mobile phones during the eight-day long festive season sale, the company said

Xiaomi case: FEMA authority confirms ED's seizure order of Rs 5,551.27 cr

The order has been issued under section 37A of the FEMA against Xiaomi Technology India Private Ltd, the federal agency said in a statement.

Comprehensive trade deal with EU could make India an export hub: Mercedes

In June, the EU and India relaunched talks for a free trade agreement with the aim of completing them by the end of 2023

Extending purview: RBI to regulate offline payment aggregators, too

Pinelabs, MSwipe, Ezetap, FSS, Hitachi payments, Worldline, etc. are some offline payment aggregators

Infosys could announce a buyback along with its Q2FY23 results: Jefferies

However, they have not specified the quantum of the buyback the company could announce. Infosys is scheduled to announce its Q2-FY23 numbers on October 12

Akasa Air partners with RateGain for dynamic allocation of airfares

Newly launched Akasa Air has partnered with RateGain Travel Technologies for gathering real-time air travel information that will help the airline in deciding dynamic fares

Lower-income groups not so hopeful this festival season sale: Report

While the e-commerce platforms have seen an uptick in their festival season sale to Rs 24,500 crore, the average user spending has come down significantly

HDFC raises lending rate by 50 basis points; home loan EMIs to increase

This is the seventh rate increase undertaken by HDFC in the last five months

WhatsApp hacked? Here's how to check if someone else is using your account

Never share your WhatsApp SMS verification code with others, not even family or friends

Action against M&M Financial Services won't affect other NBFCs: RBI

Experts had pointed out that in light of these directions against one entity, recovery activities of NBFC sector could get impacted as a majority of NBFCs rely on outsourced agents for loan recovery

Paytm Mall becomes first to go live on ONDC in Bengaluru beta test

People can place orders in grocery and restaurant segments for now

Internet firm Sulekha says will focus on ed-tech, Saas businesses

Company aims to have 125 million people using its English language learning app