Page 1923 - Company News

Govt should not allow backdoor entry to Big Tech for 5G auctions: COAI

The COAI said in a statement that the 5G spectrum should not be provided on an administrative basis as it leads to no business case for the rollout of 5G networks in the country

PE inflows into proptech firms rise to $741 million in 2021: Report

The report said the average deal size of PE investments in proptech to an all-time high of $25 million in 2021

upGrad buys recruitment & staffing firm Wolves India for undisclosed sum

The Bengaluru-based Wolves India specialises in placing high-quality tech talent across startups, along with mid and large-sized organisations in India and overseas

Labour pain for pvt domestic airlines as staff threaten mass leave over pay

Termination letters issued to protesters; DGCA steps in

Xiaomi India hires 305 freshers from 100 business schools across verticals

Smart devices maker Xiaomi India has hired 305 freshers from 100 business schools across verticals, including sales, marketing, and supply chain, a senior official of the company said on Wednesday.

As Adani prepares to bid for 5G, should Mukesh Ambani prepare for battle?

Just the threat that Adani might eventually come after the $2-per-month customer could see capital-starved Vodafone Idea buckle, in which case he could swoop in on it later

I-T Dept alleges business, tax irregularities against Dolo-650 maker

The CBDT on Wednesday accused the makers of the widely-known Dolo-650 medicine tablet of indulging in "unethical practices" and distributing freebies of Rs 1,000 cr to docs and medical professionals

For the first time, Centre allows a private player to process opium

Bajaj Healthcare is the first private player to be awarded a tender to make alkaloids and APIs from opium gum

Raymond appoints Coca-Cola veteran Atul Singh to lead the Group

Singh has worked at Coca-Cola for about two decades at several senior leadership positions and concluded his journey there as chairman, Asia Pacific and spearheaded its businesses across 25 countries

Bonanza for Indian euro loan borrowers as currency slides against dollar

Companies will have to buy fewer dollars to repay euro debt

Morgan Stanley-backed Continuum Green Energy raises $350 mn via bonds

Continuum Green Energy, a renewable energy platform, on Wednesday said it has raised USD 350 million (about Rs 2,786 crore) in debt through a bond issue to expand its solar hybrid and wind projects.

CCI blocks B2B platform Udaan's plea to procure Parle-G biscuits directly

Udaan also said it would be forced to procure Parle products from the biscuit major's existing distributor network

L&T CEO Subrahmanyan gets 115% jump in salary in FY22 as business grows

Total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows

HC directs Vivo to give Rs 950-cr bank guarantee to operate bank accounts

The phone manufacturer had said the account freeze would hamper its ability to pay for its liabilities, such as taxes and employee salaries

Chinese mobile maker Oppo India evaded customs duty worth Rs 4,389 cr: DRI

During the investigation, searches were conducted by DRI at the office premises of Oppo India and residences of its key management employees

PepsiCo's India revenue & volume grew in double-digits in 3 mths to June 11

PepsiCo India has also been gaining market share in India since the start of 2022.

Realty firm Signature Global files Rs 1,000-cr IPO papers with Sebi

The company proposes to utilise the net proceeds from the fresh issue towards payment of the debt, inorganic growth through land acquisitions and general corporate purposes

Muted near-term iron prices likely to keep NMDC stock under pressure

Other triggers such as demerger/listing of steel plant unlikely this year

Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia

As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount

Jubilant Pharma arm to raise $400 mn from Standard Chartered to repay debt

While the term loan and bonds aggregate to USD 350 million, about Rs 2,787 crore, the company is raising another tranche of USD 50 million (about Rs 400 crore) for capital expenditure.