Page 1836 - Company News

Gautam Adani's rise to 3rd richest came as stock jump topped 1,000%

During a year in which many fortunes around the world have crumbled, his net worth has nearly doubled, increasing $64.8 billion to $141.4 billion and making him the third-richest person on the planet

Reliance Industries to acquire 79.4% stake in US-based SenseHawk for $32 mn

California-based SenseHawk, which was founded in 2018, is an early-stage developer of software-based management tools for the solar energy generation industry

IndiGo's new CEO Pieter Elbers takes over, eyes 'new frontiers'

Known for his decisiveness, new chief will have his task cut out as domestic competition heats up

ONDC a win-win for consumers as plethora of shopping options open up

Sellers too stand to gain from lower commissions and more customers

Vivo plans to increase exclusive stores to over 650 in India this year

Vivo has opened its first experience centre in Gurgaon which was inaugurated by Haryana's home minister Anil Vij, the company said

Sharp dip in input cost to aid Pidilite Industries' margin recovery

While prospects remains healthy, upsides are limited post recent run up

Receivables of leading RE companies to shrink 20% this fiscal: Crisil

This increased the overall cycle for the 10 assessed RE companies by over 10 per cent to 180 days as of March 2022

SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development

BEL, UK-based Smith Detection to build high-tech scanners within 3 years

Under the deal, BEL will handle front-end requirements in the market and support localisation of projects, while Smiths Detection will provide screening tech

Inox Wind to become debt-free after Rs 740-crore IPO offering: Report

Wind energy solutions provider Inox Wind will become a debt-free company after its Rs 740-crore initial share, which is awaiting Sebi nod

Murugappa enters EV mkt with TI Clean Mobility's Montra e-three-wheeler

Launch is part of the group's strategy to focus aggressively on EVs, with e-3W under the brand Montra Electric, electric tractors under Cellestial Egat, electric HCVs under Rhino 5536 brand

Over 28,000 KSRTC employees to finally get salary, but with a condition

The decision to pay the salaries came with the condition that the employees' duty structure would change from a 16-hour double shift to a 12-hour single shift

PlayStation hardware head Masayasu Ito leaves Sony after 36 years

Sony Interactive Entertainment announced that its veteran PlayStation hardware chief Masayasu Ito, who joined the company in 1986, will leave on October 1 to spend a retired life

Online pharmacy platform Tata 1mg turns unicorn after raising $40 mn

Funding round was led by Tata Digital; Tata 1mg has become 105th unicorn in India

Tier-II Indian cities emerge as major realty growth engines: PropEquity

Report by the firm cites surge in absorption and supply of quality residential properties across price brackets in Ahmedabad, Vadodara, Nashik, Gandhi Nagar and Jaipur

Matrimony.com launches app catering to India's LGBTQIA+ community

Matchmaking site Matrimony.com Ltd has launched a new app catering to the members of the LGBTQIA+ community, the company said

ByteDance lays off hundreds of employees from video gaming vertical: Report

ByteDance is also reportedly slashing jobs at Jiangnan Studio, its game development studio in Hangzhou district

Flipkart forays into hospitality sector, launches hotel booking feature

Backed by Cleartrip's API, Flipkart Hotels will benefit from Cleartrip's deep understanding of travel customers and sectors

SoftBank plans $35 million bet on India's GoMechanic, says report

SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence

Fintech platform GroMo raises $11mn in series A led by SIG Venture Capital

Other investors include Y-Combinator, Das Capital, Goodwater Capital, Beyond Next Ventures, Soma Capital, Ace & Company, Hauz Khas Ventures and a host of angels