Page 1889 - Company News

Adani group enters industrial 5G spectrum space, to develop super app

The Adani group announced its foray in industrial 5G space after acquiring 400 MHz of spectrum in the 5G airwaves auction that concluded on Monday

Vodafone Idea to target premium customer base for its 5G services

Telecom analysts say the industry is moving into a duopoly with Reliance Jio (Jio) and Bharti Airtel (Airtel) taking the lead

After 5G auction, analysts expect telecom firms to increase rates again

They say tariff could be raised even for 4G services in a bid to increase 5G adoption

Reliance Jio's purchase of 700 MHz likely to give it edge over rivals

In combination with the use of an SA 5G network, Jio may leapfrog to the next level

Delhi, Mumbai may lead as Jio eyes 5G launch in 9 cities by January

Telecom vendors say they do not see any hindrance in the supply of the initial requirement of 5G radios

Irdai proposes single limit on expenses for non-life insurance firms

According to the exposure draft released by the regulator, non-life insurers cannot spend an amount exceeding 30 per cent of the gross premium written as company expense during a financial year

Uber likely to exit Zomato on Wednesday; puts entire 7.8% stake on block

Share sale could fetch as much as Rs 3,300 cr

SP Group sells entire stake in Jammu highway project to NIIF for $290 mn

SP Jammu Udhampur is the developer for the Jammu-Udhampur highway project under a concession from the National Highways Authority of India on a build-operate-transfer (annuity) basis

Serum Institute plans pandemic facility to stockpile vax for the world

Adar Poonawalla, CEO and brain behind the new age SII, says in an interaction with Business Standard that by the end of 2021, the company was making 250 million doses a month

SpiceJet clears all dues with AAI, to revert to advance payment mechanism

The Centre-run AAI had in 2020 put SpiceJet on a 'cash and carry' basis as the carrier was unable to clear its previous dues

Godrej Properties MD Mohit Malhotra resigns; Gaurav Pandey to be new chief

Realty firm Godrej Properties' MD and CEO Mohit Malhotra has resigned from the company, and Gaurav Pandey will succeed him with effect from January 1 next year

Akasa Air to launch daily flights on Chennai-Mumbai route from Sept 15

The airliner as part of pan-India network connectivity, would also add new routes between Ahmedabad and Bengaluru routes from August 23.

MGL hikes CNG price by Rs 6/kg, PNG by Rs 4 a unit with immediate effect

The price revision comes amidst rising prices of the natural gas at source both internationally as well as for domestically drilled gas.

Recovery of market share a challenge for tractor major Escorts Kubota

Near term volume growth, margins could add to the concerns

Aurobindo Pharma's Andhra unit gets Form 483 with 3 USFDA observations

The company said it has responded to the warning letter and carried out the committed corrections and the USFDA authorities inspected the facility from July 25 to August 2, 2022.

Private banks reported most data breaches in 2018-22: Parliament told

Attacks caused loss of business and personal data, says junior finance minister

Google-backed Open plans to onboard 10 mn small businesses in three year

Open competes with players such as Razorpay and British fintech firms like Revolut and Tide

Axis Bank to acquire over 5% stake in CredAble for Rs 55 crore by September

The bank will acquire 8,921 equity shares, equivalent to 5.09 per cent, of face value of Rs 10 each for Rs 55 crore in CredAble.

CCI approves RIL arm's acquisition of 50.1% stake in Sanmina-SCI India

Sanmina Corporation and RSBVL had inked an agreement in March to create a joint venture through investment in Sanmina's existing Indian entity (Sanmina SCI India)

BharatPe founder Bhavik Koladiya quits, months after Ashneer Grover's exit

According to a media report, Koladiya's departure is due to a disagreement between him and BharatPe as well as the company's Chief Executive Officer Suhail Sameer.