Page 1898 - Company News

LIC breaks into Fortune 500 list, Reliance Industries jumps 51 places

The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list.

Supply chain, margin woes for Siemens, but strong order flow a positive

Global headwinds may weigh on the sector and company's prospects; strong order flow is a positive though

Airtel gears up for 5G roll-out this month; partners with Ericsson, Nokia

Company ropes in three telecom gear makers to set up 5G networks

Q1 report card: IndiGo revenue soars 328% to Rs 12,855 crore; loss narrows

High fuel prices, weak rupee keep bottom line under pressure

Fintech start-up Credit Fair raises $10 million in debt and equity

Founded in 2018, the company aims to drive financial inclusion by offering customised lending solutions to under-served business and consumer segments

PwC India completes acquisition of Salesforce consulting firm Venerate

Venerate, which was founded in 2016 in Bangalore, builds customised solutions on the Salesforce platform across multiple clouds. The solutions help organisations in managing customers and sales

Infra, capital goods' firms get order book booster in June quarter

Orders for companies grew 15-57% in the first quarter of the financial year

LIC listing pushes up govt ownership in NSE companies to 7.15% in Q1

On the other hand, the share of private promoters declined to 44.33 per cent in June from 45.12 per cent in March.

Tata Steel Europe: A tale of 2 plants and their transition to green future

Both the Netherlands and UK facilities have turned around but the transition to a green steel future may differ

Adani Transmission Q1 PAT declines 61% to Rs 168 cr; total income up 11%

Adani Transmission Limited (ATL) on Wednesday reported a consolidated net profit after tax (PAT) of Rs 168.46 crore for the quarter ended June 30.

Lenders extend deadline for resolution plan on Reliance Cap for 5th time

Lenders to Reliance Capital Ltd on Wednesday granted the fifth extension of deadline for submission of resolution plans as bidders sought more time to complete the due diligence process, sources said.

Elon Musk's tech allies miffed about receiving subpoenas from Twitter

Elon Musk's wealthy high tech allies don't seem too happy about receiving subpoenas from Twitter as part of the company's legal battle with the Tesla CEO

Yubi ties up with U GRO Capital for co-lending and supply chain financing

Through this collaboration, the brands will provide MSMEs with financing of more than Rs 2,000 cr by March 2023

Housing finance companies likely to grow at 10-12% in FY23: Report

The upwards revision of the growth of HFCs was in expectation of a continued improvement in disbursements.

Zomato shares close on a flat note after falling sharply in early trade

In morning trade, the stock had slumped 9.62 per cent to Rs 50.25 on the BSE. Later, it recovered most of the lost ground and ended at Rs 55.40 apiece, lower by 0.36 per cent.

Zomato says 'not privy' to shareholders' plan as Uber sells 7.8% stake

After Uber sold its 7.8 per cent stake worth over $390 million in Zomato, the Deepinder Goyal-run company said on Wednesday it is not privy to what its shareholders are doing with their shares.

Adani Group, RIL to set up biogas plants at Rs 500-600 cr investment each

Adani and Reliance Group are planning to set up 40-million tonne per annum (mtpa) plants in Uttar Pradesh and Gujarat, while Reliance Industries is still formalising the two locations

DRI detects customs duty evasion of Rs 2,217 cr by Vivo Mobile India

'DRI officers recovered incriminating evidence indicating wilful mis-declaration in the description of certain items imported by M/s Vivo India,' says Ministry of Finance

Airtel to start 5G rollout in Aug; inks pacts with Ericsson, Nokia, Samsung

The Sunil Mittal-led firm recently acquired 19,867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz bands, bolstering its spectrum holding.

Fintech platform BharatPe appoints Nalin Negi as new CFO amid IPO plans

Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for its initial public offering (IPO).