Page 1832 - Company News

New telecom law should suspend USOF levies, say industry bodies

A new legal framework for the telecom sector should freeze fresh levies from telcos for the Universal Service Obligation Fund, say ASSOCHAM, IAMAI

E-commerce giants may clock $11.8 bn in gross festive sales: Redseer

The massive growth in festive sales will further push the overall online retail GMV (gross merchandise value), which stood at $52 billion in 2021, to grow by 30 per cent to reach $68 billion in 2022

Gangwal may sell up to 2.8% in IndiGo Airlines for Rs 2,000 cr: Sources

Stake sale being brokered by three investment banks, says another source; Gangwal and his group currently own 36.6% in InterGlobe Aviation, Bhatia's camp owns 38.17%

Bharat Biotech awaits booster dose nod for intranasal vaccine iNCOVACC

Bharat Biotech did not comment on its plans to make this vaccine available for young children

Tighter seat belt rules work better for rider safety than alarm: Carmakers

Intention is noble but won't help if passengers decide to ignore it, they say

Over 2 years after Covid outbreak, consumer firms see strong festival sales

The sentiment is robust even in the consumer durables segment

Apollo Tyres' stock racing ahead on improving outlook, growth in EU

While volumes are rising, there are interesting structural changes taking place in the sector

Mindtree planning to set up development centre in Kolkata, says CEO

The development centre can create employment opportunities for 15,000-20,000 people, he said

Onboarding of e-commerce giants crucial to ensure success of ONDC

There are also players such as Google and Reliance-backed Dunzo, Paytm, PhonePe and Reliance Retail-owned last-mile logistics company, Grab, which are joining ONDC to provide various services

Hybrid working here to stay; 63% corporates embracing it, says survey

Three days a week in the office seems to be the most popular mode, furthering business goals and at the same offering work-life balance to employees, said Colliers India's report

Tech firms, telcos in India urge central govt to control internet shutdowns

The government in 2019 had said emergency internet shutdowns were a matter for states in the interest of law and order

Former SC judge PV Reddi to mediate SpiceJet-Kalanithi Maran spat

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21 and FY22, respectively

Kinetic to launch Luna in electric avatar, expands capacity with new plant

Charts aggressive plans in its comeback trail

India, US must cooperate in climate change, semiconductors: Gautam Adani

The two countries must commit to 'free trade, openness, integration' of economies, says Adani Group chairman in award acceptance speech.

ABFRL gets Sebi exemption in Rs 2,195-crore investment by Caladium

ABFRL said market regulator SEBI has granted it exemption over listing of shares worth Rs 2,195 crore alloted to Caladium Investment Pte Ltd, a foreign portfolio investor

Reliance Retail buys into 'desi' power by acquiring local consumer brands

By acquiring a string of local consumer brands, the conglomerate is looking to build volumes and scale in its private label retail business

'Consumer durables sector revenue to rise 15-18% to cross Rs 1 trn in FY23'

Another reason for margin compression is the rupee depreciation, which also will shave off profitability as 45-50 per cent of the raw materials are imported

Over 98% of corporate bond issuances are private placements: Report

Sustained market making efforts by the regulators have seen the outstanding bonds rising by almost four-fold to Rs 39.6 lakh crore in FY22 from Rs 10.5 lakh crore in FY12

TCS to redesign Nokia's human capital management system in 130 countries

Nokia has selected Tata Consultancy Services for redesigning its employee management system across 130 countries where it operates, the IT company said

JSW sets ambitious goals for e-commerce business, eyes $20-bn GMV by FY32

Of the targeted $20 billion GMV by FY32, JSW products is expected to account for 65 per cent, the balance would be non-JSW