Page 1811 - Company News

Govt stops sale of Central Electronics to Nandal Finance over legal issue

The case pending against Nandal Finance is a winding up petition filed by RoC over allegations of money laundering

'Contrary to core values': Oracle reacts after SEC fine over slush funds

Indian employees of US tech giant used discount scheme in dealing with transportation firm owned by railways ministry: Regulator

Ambuja Cements signs non-dealing pact with lenders on ACC stake

The company signed a NDU on 93.9 million shares of ACC Ltd on September 26, 2022, said a regulatory filing by Ambuja Cements

Airtel Payments Bank to install 150,000 micro ATMs this fiscal year

The bank will leverage its strong network of over 5 lakh banking points across India to give users access to easy cash withdrawals through this initiative, it added

CRED, upGrad, Groww claim top spots in LinkedIn's Indian startups ranking

Online professional network LinkedIn released a list of the top 25 start-ups in India that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022

World's biggest air-conditioner maker Daikin doubles down on India

Daikin Industries Ltd is betting that sales and production in India will eventually make up a bigger part of the company as the nation outpaces global growth

Boards of two Tata Motors finance companies to consider merger next week

Merger is part of Tata group plan to bring similar businesses under a single umbrella like Tata Steel's merger of seven subsidiaries with itself to consolidate its metals and mining businesses

Silicon Laboratories opens new unit in Hyderabad, plans to triple workforce

The new facility would be the largest global centre for Silicon Lab's engineering and wireless connectivity innovation

Krsnaa Diagnostics enters B2C segment with chain of 600 diagnostic centres

Mainly a PPP and B2B player, the Pune-based chain offers disruptive pricing

Zomato says confident of making profit from inter-city food delivery

Zomato said that its inter-city food delivery will start making profit even at "a slight scale" amid concerns of the service being a logistical nightmare and a high cash-burn model

Dabur makes an entry into Rs 5,600-crore premium tea market with Vedic tea

Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea

HPCL-Mittal Energy to start 100,000-tpy bio-ethanol plant in 2023

HPCL-Mittal Energy Ltd will start up a bio-ethanol plant at its Bathinda refinery in northern India in 2023 as part of measures to reduce its carbon emission

Fly Blade to get Airbus helicopter; plans expanding services to 10 states

Urban air mobility company Fly Blade India P. Ltd. is likely to get one H125 helicopter from Airbus this October/November, said a top company official

Flying on time: TCS-developed app powers AirAsia India's punctuality record

At No 3 in early 2022, the AirAsia India airline has topped the on-time performance for five straight months since April

Vi to lose access to towers if it fails to clear dues, says Indus Towers

Vodafone Idea's (Vi) total tower dues exceed Rs 10,000 crore. Out of this, Rs 7,000 crore is owed to Indus Towers alone

SEC fines Oracle $23 mn for bribing officials in India, Turkey, and UAE

Oracle India's employees used "an excessive discount scheme" in connection with a transaction with a transportation company, says the SEC order

Bayer launches novel heart failure drug Verquvo for Rs 127 a pill

In India there are between 8-10 million people with heart failure, making it one of the world's largest populations with the malady

JSW Energy plans to raise $30.60 million through 3-year bonds: Report

India's JSW Energy plans to raise 2.50 billion rupees ($30.60 million) through sale of bonds maturing in three years, three merchant bankers said on Wednesday

India Inc seeks help from law firms to address moonlighting: Report

The companies want law firms to redraft employment agreements, find loopholes and enforce restrictions to address the issue of moonlighting

Hostile media bid shows how Asia's richest can align and dominate a sector

The NDTV acquisition, if successful, would make Adani and Ambani straight-up rivals in a sector for the first time, given Ambani's control of large media assets including news channels