Page 1934 - Company News
'More women in India seeking entrepreneurial opportunities compared to men'
According to LinkedIn data, published in the World Economic Forum's 2022 Global Gender Gap report, the share of women founders grew 2.68 times between 2016 and 2021
 "'More women in India seeking entrepreneurial opportunities compared to men'")
Adani Ports handle 100 mmt cargo in 99 days, expects 60% growth by 2025
Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest integrated transport utility, has clocked a cargo throughput of 100 MMT in the first 99 days of FY23
 "Adani Ports handle 100 mmt cargo in 99 days, expects 60% growth by 2025")
Adani, Ambani are driving force of India's M&A activity, says Barclays
However, deal activity in India is going to slow down as investors have turned more cautious with rising interest rates and a falling rupee, says head of investment banking for India at Barclays
 "Adani, Ambani are driving force of India's M&A activity, says Barclays")
Majority of homebuyers want office set-up in apartments: Godrej Survey
The survey underscores the fundamental shift in homebuyers' preferences with the onset of the COVID pandemic and the significant alterations that it has brought about
 "Majority of homebuyers want office set-up in apartments: Godrej Survey")
Bajaj Healthcare forays into highly-regulated opiate processing business
Bajaj Healthcare said it has received two orders from the central government to produce active pharmaceutical ingredients (API) from poppy capsules and other derivatives on an annual basis
 "Bajaj Healthcare forays into highly-regulated opiate processing business")
Indian tech sector hired 200K Americans, helped US generate $103 bn in 2021
The Indian technology companies have contributed over $1.1 billion and developed partnerships with nearly 180 institutions in the US
 "Indian tech sector hired 200K Americans, helped US generate $103 bn in 2021")
Delhi HC allows Vivo to operate accounts frozen by ED in tax evasion probe
Vivo can operate its bank accounts to the extent that a balance of Rs 250 crore is maintained in its accounts at all times, the court said
 "Delhi HC allows Vivo to operate accounts frozen by ED in tax evasion probe")
NTPC launches Girl Empowerment Mission in Assam, to train 40 minors
The programme -- Girl Empowerment Mission (GEM) -- is being conducted by the power major across the country since 2018 and was launched in Assam for the first time
 "NTPC launches Girl Empowerment Mission in Assam, to train 40 minors")
Demand recovery unlikely to offset margin pressures for paint companies
Companies to post double digit volume growth in the quarter
 "Demand recovery unlikely to offset margin pressures for paint companies")
CDPQ buys add'l 10% in Mumbai-based Apraava Energy at Rs 660 cr deal value
With this, the Canadian pension fund's stake in the firm goes up to 50%
 "CDPQ buys add'l 10% in Mumbai-based Apraava Energy at Rs 660 cr deal value")
Lightspeed India raises $500 million for India and Southeast Asia
This is part of the $7 billion that the fund house has raised
 "Lightspeed India raises $500 million for India and Southeast Asia")
After 2-yr pandemic thrift, 'revenge spending' likely this festival season
The festival season kicks off with Onam end-August right through Diwali in October
 "After 2-yr pandemic thrift, 'revenge spending' likely this festival season")
RBI fines Ola Financial Services Rs 1.67 cr for not following directions
Ola Financial Services was found to be non-compliant with the directions issued by RBI on KYC requirements
 "RBI fines Ola Financial Services Rs 1.67 cr for not following directions")
9th incident in 24 days: SpiceJet flight delayed as nose wheel malfunctions
SpiceJet's Dubai-Madurai flight was delayed on Monday after the Boeing B737 Max aircraft's nose wheel malfunctioned, DGCA officials said
 "9th incident in 24 days: SpiceJet flight delayed as nose wheel malfunctions")
Eveready Industries board reshuffle: Burmans and Sunil Alagh join
The board-level changes follow the completion of the open offer for acquisition of shares and control of Eveready by the Burman Group
 "Eveready Industries board reshuffle: Burmans and Sunil Alagh join")
BYD Auto goes past Tesla globally, but has low-key India presence
The Chinese auto group opened an office in India in 2007 both as an electric vehicle manufacturer with licensed technology for making electric buses and as a contract manufacturer for mobile devices
 "BYD Auto goes past Tesla globally, but has low-key India presence")
Adani gets LoI for 5G services in Gujarat; final list of bidders on July 20
Adani Data Networks, Jio, Airtel and Vodafone Idea to bid for 5G spectrum
 "Adani gets LoI for 5G services in Gujarat; final list of bidders on July 20")
Over 7 mn users download Tata Neu app within seven weeks of launch
Tata Neu app has been downloaded by over 11 million users as per the data from App Annie, a mobile app tracking platform
 "Over 7 mn users download Tata Neu app within seven weeks of launch")
Uber gets into damage control with the story of a changed company post 2017
Uber's comment on an ICIJ report on the manner in which it flouted local rules to build its business is revealing as it seeks to wash its hands off the management's deeds pre-2017
 "Uber gets into damage control with the story of a changed company post 2017")
Demand outlook remains robust for Blue Dart Express, say brokerages
Blue Dart Express posted 34 per cent revenue growth in 2021-22, assisted by 30 per cent growth in volumes; the rest came from higher realisations
 "Demand outlook remains robust for Blue Dart Express, say brokerages")