Page 1826 - Company News

Top headlines: Rupee at 5-week high; Infosys says no to moonlighting

As many as 34 new drugs were added and 26 dropped from an updated list of essential medicines that will lead to prices being fixed, said the government on Tuesday.

EKI lists India's plastic project under global accreditation standard

With this, EKI has become the first ever firm to list a plastic project from the country with an aim to generate India's first-ever international plastic credits, a statement said.

Former RBI deputy governor Kanungo, Kaushik Dutta join BharatPe board

"Business is about to turn profitable in a few months and we are strengthening governance at the company by appointing independent directors," BharatPe CEO Suhail Sameer told PTI.

Vedanta, Foxconn to invest $19.5 billion for chip project in Gujarat

Reuters was first to report on Monday that the joint venture obtained subsidies including on capital expenditure and electricity from Gujarat

LG picks 9 startups for growth in digital health, metaverse, e-mobilty

LG's San Francisco-based North American Innovation Center wrapped up its two-day Fall Innovation Festival, where it announced nine most-promising startups in the three sectors

'No Double Lives': Infosys email warns employees against moonlighting

IT services firm's warning prompts non-profit group to say what 'employees do outside working hours is their prerogative'

Google completes $5.4 bn acquisition of cyber security firm Mandiant

Google has completed the $5.4 billion acquisition of cyber-security firm Mandiant, Google Cloud CEO Thomas Kurian announced

Goldman to cut hundreds of jobs in its biggest layoff since the pandemic

The Wall Street titan plans to eliminate several hundred roles starting this month, according to people with knowledge of the matter

Most Twitter shareholders vote in favour of sale to Elon Musk: Report

The deadline for the shareholder vote on the deal is Tuesday but enough investors had voted by Monday evening for the outcome to be certain

Sony, Zee offer concessions to ease CCI's concerns over merger: Report

Firms propose pricing concessions to CCI, Sony-Zee not proposing structural changes for now, say sources

China's zero-Covid move could hit India's white goods post festive season

This will impact the flow of finished products into the Indian market, unlike last year, this impact will be felt post Diwali

Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn: Report

Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, says a source

Battle for skies: Tatas kick-start Air India fleet expansion via leasing

Airline to offer premium economy class

Amazon Seller Services reports Rs 3.6K-crore loss; revenue up 32%

E-commerce firm's units for digital payments and selling cloud service report losses too for FY22

Despite low demand, Street waking up to cement sector's improving prospects

Investors may consider companies with industry-leading growth and profitability

Decision on high-frequency bands for broadband likely in 4-5 mths: DoT Secy

He said with more people in India joining the digital bandwagon, the data consumption will rise and in turn pressure on use of spectrum will also increase.

Investors left empty-handed in IndiGo block trade due to slippage

None of the investors lined up by the banks working on billionaire Rakesh Gangwal's sale of part of his family's stake in IndiGo got any shares in the block trade as a result of slippage

NDTV pays Rs 10 lakh penalty as directed by SAT in non-disclosure case

In an order dated July 20, SAT had reduced the penalty imposed by Sebi from Rs 5 crore to Rs 10 lakh

Jio gets LoI for satellite communication services from DoT: Report

Sources, meanwhile, said the Department of Telecom (DoT) has granted Letter of Intent for global mobile personal communication by satellite (GMPCS) services to the company.

Magna invests $77 mn in EV startup Yulu to enter micromobility market

Magna will own a stake and hold a seat on the board of the Bangalore based company, it said. The two companies have established a new battery swapping entity.