Page 1880 - Company News
Interline agreement: Jetstar passengers can now book seat on IndiGo flights
Australian carrier Jetstar, which is the low-cost subsidiary of Qantas, and IndiGo announced in April that they had entered into an interline partnership.
 "Interline agreement: Jetstar passengers can now book seat on IndiGo flights")
Reliance Jio, Voda step up hiring as 5G related job postings rise 65%
As India and other countries take firm steps to adopt 5G, the number of job postings by telcos related to 5G increased by 65 per cent last month, from 5,265 job postings in January to 8,667 in July
 "Reliance Jio, Voda step up hiring as 5G related job postings rise 65%")
Top headlines:Airtel makes Rs 8k-cr spectrum payment; ECLGS corpus enhanced
New entrant Akasa Air is financially strong enough to place an aircraft order in the 18 next months that will be significantly larger than its first, its founder and CEO Vinay Dube said on Wednesday
 "Top headlines:Airtel makes Rs 8k-cr spectrum payment; ECLGS corpus enhanced")
Akasa Air is well-capitalised, to add one aircraft every two weeks: CEO
Vinay Dube said the airline was well-capitalised to induct 72 aircraft over next 5 years, while mourning the death of Akasa's top backer and ace investor Rakesh Jhunjhunwala who passed away on Sunday
 "Akasa Air is well-capitalised, to add one aircraft every two weeks: CEO")
AI selects RateGain to adjust ticket prices with real-time airfare data
"AirGain offers actionable insights to quickly react to market price change and stay ahead of the competition through its scalable and intuitive analytical capabilities," it said.
 "AI selects RateGain to adjust ticket prices with real-time airfare data")
Chai Point aims to become profitable in 2 qtrs, will expand business: CEO
Bengaluru-based startup plans bigger business for its brewing system and packaged product divisions.
 "Chai Point aims to become profitable in 2 qtrs, will expand business: CEO")
Airtel pays Rs 8,312 crore ahead of schedule for 5G spectrum dues
Telco had acquired 19,867 MHz of spectrum in various bands worth Rs 43,084 crore in recent 5G auction
 "Airtel pays Rs 8,312 crore ahead of schedule for 5G spectrum dues")
Apple lays off 100 contract recruiters to help slow spendings: Report
Tech giant Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending, media reports say
 "Apple lays off 100 contract recruiters to help slow spendings: Report")
EV charging start-up Exponent Energy raises $13mn in series A funding
Exponent Energy, an electric vehicle charging start-up, said has raised $13 million in a Series A funding round led by Lightspeed and attended by institutional investors.
EV charging start-up Exponent Energy raises $13mn in series A funding
Exponent Energy, an electric vehicle charging start-up, said has raised $13 million in a Series A funding round led by Lightspeed and attended by institutional investors.
 "EV charging start-up Exponent Energy raises $13mn in series A funding")
Ex-Amazon Techie Joins ACKO as VP Engineering, Purple Quarter aided search
India's fastest-growing InsurTech company, ACKO has onboarded Gaurav Gupta as the Vice President of Engineering. Bespoke CTO Search firm, Purple Quarter continued to be ACKO's preferred partner.
 "Ex-Amazon Techie Joins ACKO as VP Engineering, Purple Quarter aided search")
We will rapidly expand our operations in India: Foxconn Chairman Young Liu
Foxconn's commitment to India can be seen as a strong push by Taiwan to improve ties with other nations as China steps up its military belligerence near the island nation
 "We will rapidly expand our operations in India: Foxconn Chairman Young Liu")
Shareholders may vote on splitting chairman posts at Tata Sons & Trusts
The chairman of the committee will be selected by the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust from amongst the nominees nominated by the Trusts
 "Shareholders may vote on splitting chairman posts at Tata Sons & Trusts")
Hero MotoCorp: Q1 disappoints, but there's hope of a better second half
Volumes and margins are expected to improve on the back of a good monsoon and decline in raw material costs, respectively
 "Hero MotoCorp: Q1 disappoints, but there's hope of a better second half")
Rare Enterprises-backed Concord Biotech files IPO papers with Sebi
Concord is among the leading manufacturers of fermentation-based biopharmaceutical APIs
 "Rare Enterprises-backed Concord Biotech files IPO papers with Sebi")
Adani Logistics acquires inland container depot for Rs 835 crore
The deal is subject to customary regulatory and lenders' approvals and is expected to close in the second quarter of 2022-23
 "Adani Logistics acquires inland container depot for Rs 835 crore")
Fairfax-backed general insurance firm Go Digit files DRHP for IPO
Unicorn will be first general insurer to be listed on the bourses in five years
 "Fairfax-backed general insurance firm Go Digit files DRHP for IPO")
Stakes rise for bauxite blocks in Odisha on Adani Group's entry
In the aluminium sector, as things stand, Hindalco and Nalco are the only players that are completely integrated -- from bauxite to alumina to aluminium
 "Stakes rise for bauxite blocks in Odisha on Adani Group's entry")
ICICI Sec, Axis Cap among 5 bankers to manage govt's HZL stake sale
Also, HDFC Bank and IIFL Securities will act as investment bankers and work with the government and handle the share sale offers, the official said
 "ICICI Sec, Axis Cap among 5 bankers to manage govt's HZL stake sale")
GIC, Capital Group buy KKR's entire stake in Max Health; stock surges 10%
Abhay Soi will remain the chairman and MD and plans to raise his stake by 1 per cent
 "GIC, Capital Group buy KKR's entire stake in Max Health; stock surges 10%")