Page 1924 - Company News

Furlenco expects to more than double revenue to Rs 500 cr by March 2024

The company expects to close the current fiscal with Rs 200 crore revenue, House of Kieraya (HoK) and Furlenco, founder and CEO Ajith Mohan Karimpana told PTI.

AM/NS India to invest Rs 273 crore on zero liquid discharge at Hazira

ArcelorMittal and Nippon Steel joint venture has announced that it was in the process of investing Rs 273 crore for zero liquid discharge, other environmental initiatives at its Hazira steel complex

CoC members, bidders must be barred from buying RCap bonds held by LIC: NGO

They are "insiders" and have access to crucial information, says Infrastructure Watchdog; meanwhile, last date if bond sale to be extended to July 22 as LIC finds no takers

SpiceJet's occupancy rate remains high in July amid malfunction incidents

SpiceJet's occupancy rate has remained high in July despite multiple technical malfunction incidents reported in its aircraft during the last 24 days.

AI, data analytics firm Ganit raises funds; to double headcount by 2023

Ganit was founded in 2017 by three veterans of the data science industry Shivaprasad KT, Ashok Harwani and Hariharan R.

NMDC cuts prices of lump ore, fines by Rs 500/tonne each, stock falls 5%

The country's largest iron ore producer NMDC has slashed the prices of lump ore and fines by Rs 500 a tonne each.

Amrapali homebuyers asked to pay Rs 200 per sq ft extra to meet shortfall

A separate fund, namely "Sinking cum Reserve Fund", has been made where all homebuyers of Amrapali Group would deposit the amount

Ola Electric unveils lithium-ion cell, to begin mass production by 2023

Ola Electric on Tuesday unveiled an indigenously developed lithium-ion cell -- NMC 2170 -- and the company will begin the mass production of its cell from its upcoming Gigafactory by 2023

"Shift blame to flawed Indian system": How Uber reacted to 2014 rape case

When an Uber cab driver raped a 25-year-old passenger in Delhi in 2014, the company's first response was to "shift blame to flawed Indian background checks"

Airports, roads, ports and now 5G: Adani group's expansion rolls on

The Adani group's foray into the 5G space comes on the back of a massive expansion spree

SpiceJet denies fraud complaint against Chairman Ajay Singh, calls it bogus

SpiceJet on Tuesday said the complaint of alleged fraud filed by an individual against airline's Chairman Ajay Singh was "completely bogus" and a defamation suit will be filed against the complainant

Cricket rights: Indian broadcasters concerned about ICC's auction process

This comes as the governing body of world cricket is auctioning Indian media rights separately from global media rights as India is the largest market for cricket

What does Adani's 5G spectrum bid mean for the likes of Jio and Airtel?

Gautam Adani is foraying into the telecom sector. His group will take part in the 5G auction to set up private network solutions. How will the Group's decision impact players like Jio and Airtel?

Farm to Fork: Food firms wait for commodity prices to cool further

The second of a four-part series focuses on how food companies are yet to pass on the benefit of the decline in input prices to consumers

Glance user base grows by 30% YoY to reach 183 million in Q1 2022

Inmobi's Glance, which is present in India, Indonesia and parts of Southeast Asia, is focussing heavily on expansion in existing as well as new markets

Unacademy's lessons on frugality: Pay cut for founders, no biz class travel

Founders have already taken salary cuts and this would be applied to the management as well

L&T Construction bags orders to build data centres in Mumbai, Navi Mumbai

Larsen & Toubro (L&T) on Monday said it has bagged significant contracts to build data centres of capacities totalling 10.8 MW at Mumbai and Navi Mumbai.

Byju's struggles to close $800-mn funding as investors balk amid tech rout

Investors including Sumeru Ventures and little-known firm Oxshott haven't transferred about $250 million of the targeted amount because of 'macroeconomic reasons'

Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)

Ten years on, ex-Kingfisher Airline employees wait for their dues

The Supreme Court has awarded a four-month sentence to the grounded airline's flamboyant owner Vijay Mallya in a contempt case