Page 1925 - Company News

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

Big Tech games system many times: Chandrasekhar after Uber Files report

Chandrashekhar added that innovation would grow along with a citizen's right to open a trusted and accountable Internet under the Modi government.

Coal India's capex rises 65% to Rs 3,034 crore in June quater of FY23

Coal India's capital expenditure was Rs 1,841 crore in April-June period of last financial year

Mercedes-Benz in top gear, sees the highest ever June quarter sales

Mercedes-Benz deliveries in the first half of 2022 also increased at a rapid pace, increasing 56 percent to 7,573 units between January and June.

Rajasthan's Neemrana town turning into a hub for Japanese industries

So far, more than 50 Japanese companies, including Daikin, Nissin Brake, Mytex Polymer and Nippon Pipe, among others, have invested over Rs 6,000 crore in the zone

Senco Gold, DCX Systems, HMA Agro Industries get Sebi's nod to float IPOs

Jewellery retail player Senco Gold Ltd, electronic sub-systems and cable harnesses maker DCX Systems and frozen meat exporter HMA Agro Industries have received Sebi's nod to raise funds through IPOs.

Telcos may feel heat of Adani Group's entry into 5G spectrum auctions

Airtel stock fell over 5%, while RIL closed 1.3% higher after being down for most of the day

Frontier Airlines asks Spirit to delay vote as cracks emerge in deal

Frontier Airlines, facing likely defeat in its bid to merge with Spirit Airlines, is asking for another delay in a shareholder vote on the deal.

Nomura Singapore buys 1.25 mn shares of BLS International worth Rs 27 cr

Global financial services firm Nomura Singapore on Monday purchased 12.5 lakh shares of technology services provider BLS International Services Ltd for Rs 27 crore through an open market transaction.

IndiGo to 'rationalise' salaries of technicians following mass sick leaves

A sizeable number of the airline's aircraft maintenance technicians went on sick leave on Saturday and Sunday in Hyderabad and Delhi to protest against their salaries

Billionaires are vying for Metro's Indian wholesale unit: Report

Thailand's CP Group, Reliance have submitted non-binding bids, according to people familiar with the matter; Amazon is also considering entering the race with an offer

Looming Musk-Twitter legal battle hammers social media company's shares

Shares of Twitter slid more than 6% at the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company

Cheating case filed against SpiceJet MD Ajay Singh, others in Gurugram

A case of fraud has been registered against SpiceJet Chairman and Managing Director Ajay Singh and others for allegedly cheating a Gurugram resident by delivering fake share certificates to him.

Mercedes India clocks highest ever sales of 3,551 units in June quarter

The company had sold 1,664 units in the April-June period of 2021