Page 1930 - Company News

Fintech giant Stripe lowers valuation by 28% amid economic meltdown

Leading fintech company Stripe has reportedly taken a huge 28 per cent valuation cut amid tough global macroeconomic conditions that have hit nearly all the sectors very hard as recession fears loom

India ad market to expand by 16% in 2022, become fastest growing: Report

The digital ad space is estimated to grow twice as fast as ad spending through television

Israel sells Haifa Port to Adani Ports, Israel's Gadot for $1.2 bn

Israel in recent years has been selling its government-owned ports and allowing new, private piers to be built in an effort to shorten wait times for cargo ships and lower the costs of imports

Funskool acquires licence to make Chhota Bheem, other characters

Toy manufacturer Funskool India on Thursday said it has acquired the licence to manufacture and distribute cartoon character Chhota Bheem and seven other action figures

Dabur India adds Meswak, Real Drinks brands in Rs 100 crore club

In FY22, the company's turnover crossed Rs 10,000 crore mark for the first time

Vedanta Resources' near-term liquidity risk as it seeks funds: S&P

Anil Agarwal-controlled unit looks to raise $700 mn from Indian lenders

SC sets aside Patna HC order summoning Sahara group chief Subrata Roy

The High Court (HC) had asked Sahara to convey a plan for refunding the matured deposits of investors

SAVE Group plans to hire over 5,000 employees in India this fiscal

The company, which has an employee strength of 1,646 people, plans to hire for various segments like sales, credit, operations and collection

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact

Shapoorji Pallonji and Co exits from Eureka Forbes after selling 8.7% stake

Construction major Shapoorji Pallonji and Company has exited from Eureka Forbes after selling its remaining 8.7 per cent stake to the new owner Lunolux, a firm backed by private equity

Syngene International signs 10-year agreement with US-based firm Zoetis

Librela or bedinvetmab has already been launched in Europe and the UK, and has won 'Best new companion animal product' by IHS Markit Connect in 2021

Mylab launches combined RT-PCR test for Zika, malaria, dengue

Test can differentiate between seven diseases and give results in 2 hrs

Wipro Consumer Care & Lighting to enter packaged food business in India

Wipro Consumer Care & Lighting had recorded a revenue of Rs 8,634 crore for the financial year ended March 31

Glenmark nasal spray cuts down viral load of Covid by 94% in 24 hrs

Glenmark had conducted the study on 306 vaccinated and unvaccinated adults with symptomatic mild Covid-19 disease across 20 clinical trial sites in India

Airlines cancel, reschedule London flights as Heathrow restrictions kick in

The decision will result in airlines cancelling or rescheduling their flights or moving them to an alternative airport in the UK

Consistent growth, margins in Q1 keep Mindtree ahead of larger peers

Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24

LIC embedded value flat at Rs 5.41 trillion; VNB margin rises to 15.1%

In the past, analysts have said that LIC's balance sheet and, in turn, EV remain very sensitive to equity market movements

Sebi invites applications to hire 24 officials in IT department

The recruitment drive would beef up the headcount at the Securities and Exchange Board of India (Sebi) for faster and more effective execution of its regulatory role

Indian advertising market to grow 16% in 2022, touch $11 billion: Report

In terms of size, the Indian ad market will touch $11 billion in 2022 from $9.6 billion in 2021, the report said

Uber rolls out a slew of changes after forming driver advisory council

Uber has decided to do away with the trip acceptance thre­shold and rolled out the un­conditional upfront drop-off destination feature