Page 1819 - Company News

Future of learning: Edtech start-ups' hybrid tilt to lure students

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions

LIC plans to increase agent strength by 40%, ramp up HR systems

India's largest insurer is also looking to revamp its human resources systems in its drive to make the oldest insurance company more technologically advanced, said people aware of the development

Sterling & Wilson wins $1.5-billion solar plants order from Nigerian govt

The order will be executed through Sterling & Wilson's US step down subsidiary Sterling & Wilson Solar Solutions Inc, the Reliance Industries-controlled company said in a statement

Govt orders, private capex fuel KEC's order book by Rs 6,000 crore

The company reported Rs 23,716 crore of orderbook in the fiscal year ended March 2022, up by 18% over the previous year and plans to bid for Rs 1.1 trillion of orders, which are in the pipeline

Tata Steel to absorb 7 group companies, simplify holding structure

'Move would also drive synergies' and increase value for shareholders, says company

Flipkart sees 1.6 million users per second on Day 1 of festival sale

E-commerce firm Flipkart on Friday said its platform saw 1.6 million concurrent users per second on the first day of its festive season sale

Nestle to invest Rs 5K crore in India by 2025: CEO Mark Schneider

The firm currently operates nine plants in India and is eyeing new locations to set up manufacturing capacity

Reliance New Energy to acquire 20% stake in US-based Caelux for $12 mn

Caelux is a research and development-oriented company in perovskite-based solar technology. Its proprietary technology enables high-efficiency solar modules that can produce 20% more energy

Vedanta's proposal to transfer Rs 12,587 cr gets proxy advisory firm's nod

In a notice to shareholders, Vedanta reasoned that the firm had over the years "built up significant reserves through transfer of profits".

RBI action has no impact on business, says M&M Financial Services

The RBI action of barring M&M Financial from outsourcing recovery agents comes after the Harazibagh incident where a pregnant woman was mowed down to death

Amazon claims to sale of 1 mn unique products of SMBs, startup in 36 hrs

The company said that its Prime users, who are paid members, grew 1.9 times than last year and 68 per cent of the total new sign ups were from Tier 2 and 3 cities.

Gains ahead for SBI: Higher NIM could lead to double digit earnings growth

A recovering economy may lead to higher credit demand from corporates, despite rising rates and there are signs that retail consumption is picking up

Ambuja Cements shares put on NSE watchlist after Adani-driven surge

Ambuja Cements lost 7 per cent in the previous two sessions before rising on Friday

Reliance Retail's JioMart begins a month-long festival season sale

JioMart will host two sales during this time- Tyohaar Ready Sale and the Bestival Sale

Kotak AMC rejigs management; Iyer made CEO of investment advisory business

Fund manager Deepak Agrawal has been appointed as the new CIO, debt. Another fund manager, Abhishek Bisen has been elevated to the position of head, fixed income position

Amrapali to give possession of over 11K flats in 2-3 months, SC informed

In the upcoming festive season next month 5,428 flats which have been completed by the NBCC will be given to the home buyers with electricity and water connection.

Extant rules choke growth, telecom bill needs review: Broadband India Forum

Forum also believes the bill also weakens role of telecom regulator, makes it subservient to govt

Zomato cracks down on cloud kitchens running 10+ brands from single spot

The crackdown comes after a blog post uncovered a Bengaluru cloud kitchen running some 200 different brands

DGCA writes to telecom dept, flags concern over rollout of 5G services

DGCA's concern comes after the US Federal Aviation Administration (FAA) raised concerns over the last year since telecom operators in the US started rolling out 5G services

Dilip Asbe reappointed MD & CEO of NPCI for five years at firm's AGM

Asbe took over as MD&CEO of NPCI in Jan 2018. Prior to that, he was the firm's COO for close to 5 years