Page 1798 - Company News
Samples given to doctors are not freebies: Pharma companies in HC
Claiming that samples of medicines provided to doctors do not constitute 'freebies,' individual pharmaceutical companies and the Karnataka Drugs and Pharmaceuticals Association have approached the HC
 "Samples given to doctors are not freebies: Pharma companies in HC")
BluSmart gears up to install EV charging infra projects across India
As India rides on the EV bandwagon with the govt promoting several use cases, BluSmart is poised to double its fleet by the end of the year and aims to have over 1,00,000 EVs on its platform by 2025.
 "BluSmart gears up to install EV charging infra projects across India")
LTTS joins hands with Qualcomm for solutions in 5G private network industry
L&T Technology Services Limited announced it is collaborating with Qualcomm Technologies to deploy end-to-end solutions for the global 5G private industry utilising their expertise in the domain
 "LTTS joins hands with Qualcomm for solutions in 5G private network industry")
Global app stores sales drop to $31.6 bn in Q3, TikTok breaks record
Global consumer spending on in-app purchases, premium apps, and subscriptions on Apple App Store, Google Play declined by 4.8% (year-over-year) to $31.6 billion in Q3, a new report showed on Friday.
 "Global app stores sales drop to $31.6 bn in Q3, TikTok breaks record")
Banks unwilling to extend new credit to Voda Idea without promoter funding
Talks between Vodafone Idea Limited and its lenders to raise Rs 10,000 crore in debt have been ongoing for more than 9 months
 "Banks unwilling to extend new credit to Voda Idea without promoter funding")
Need a better reason to come to office, 80% of Indian employees say: Report
According to the 2022 Work Trend Index Pulse Report conducted by Microsoft, 91 per cent of the employees want to go to the office on the prospect of socialising with their co-workers
 "Need a better reason to come to office, 80% of Indian employees say: Report")
No hirings, more layoffs soon, Meta CEO Zuckerberg tells employees
Meta Founder and CEO Mark Zuckerberg has made it clear that the social network is freezing hiring across the board, warning that more layoffs are in the pipeline.
 "No hirings, more layoffs soon, Meta CEO Zuckerberg tells employees")
Discussions on with Indus Towers for softer payment terms, says Vi
This follows Indus Towers's warning letter to Vi to pay up its accumulated dues or face disconnection from November.
 "Discussions on with Indus Towers for softer payment terms, says Vi")
Countdown to a new tomorrow: PM Modi to launch 5G services on October 1
The Indian economy is expected to rake in $455 billion between 2023 and 2040 as a direct result of 5G, according to the GSM Association
 "Countdown to a new tomorrow: PM Modi to launch 5G services on October 1")
Rothschild plans to hire 7 bankers in India before year-end for expansion
The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession
 "Rothschild plans to hire 7 bankers in India before year-end for expansion")
Google announces an end to Stadia game streaming service in January 2023
American tech giant Google has announced that it will be ending its game streaming service Stadia. It will be finally shut down on January 18, 2023.
 "Google announces an end to Stadia game streaming service in January 2023")
EarlySalary rebrands itself as 'Fibe', aims to expand operations
Fibe has expanded its presence from 18 cities to 150 cities and increased its customer base from 35,000 to 1 lakh new customers per month, the firm said.
 "EarlySalary rebrands itself as 'Fibe', aims to expand operations")
Reliance Retail plans to open mass brands beauty stores in tier II and III
It is already in advanced stage talks with Arvind Fashions to acquire Sephora
 "Reliance Retail plans to open mass brands beauty stores in tier II and III")
Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes
Hero MotoCorp on Thursday said it will invest $60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles.
 "Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes")
IndiGo inducts first freighter aircraft, converted from a passenger plane
No-frills carrier IndiGo on Thursday announced the induction of its first freighter aircraft, converted from a passenger plane
 "IndiGo inducts first freighter aircraft, converted from a passenger plane")
Adani Enterprises secures funds to build Ganga Expressway at Rs 23,000 cr
The company has secured debt worth Rs 10,238 crore and will make a capital infusion of Rs 6,826 crore
 "Adani Enterprises secures funds to build Ganga Expressway at Rs 23,000 cr")
New LML not primarily focused on price and range: MD Yogesh Bhatia
'The company is targeting to earn Rs 300 crore revenue in the first year after launching the first vehicle'
 "New LML not primarily focused on price and range: MD Yogesh Bhatia")
Companies can now register themselves as insolvency professionals
Earlier, the regulations only allowed the IPEs to provide support services to insolvency professionals
 "Companies can now register themselves as insolvency professionals")
ArcelorMittal Nippon Steel India joins race to buy Srei group firms
Sources close to the development said whether new participants who were not part of the original list of EOI would be allowed will have to be evaluated
 "ArcelorMittal Nippon Steel India joins race to buy Srei group firms")
Adani Enterprises' stock falls 2.6% ahead of Nifty50 debut
The company was also in focus after it said it was considering increasing its public float