Page 1935 - Company News

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

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

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

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

UCO Bank gets nod to raise equity capital by issuing up to 1 bn shares

The bank would raise equity capital at appropriate time in the current fiscal to support growth, according to a regulatory filing on Tuesday.

Madhulika Bhaskar gets additional charge as NIACL CMD for three months

Her appointment is for a period of three months with effect from the date of assumption of charge or till a regular appointee takes over, or until further orders, whichever is earlier, company said.

NMDC to be excluded from Nifty CPSE index over move to hive off steel arm

NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing

HCL Tech margin under pressure over talent crunch as Q1 attrition hits 24%

Top management, while reporting results for HCL Tech Q1FY23 on Tuesday, said attrition rate was "expected to remain high in coming months"

Investors brush aside tariff, margin concerns for SRF; stock rebounds

The stock has been under pressure on concerns related to the demand, its ability to sustain margins, and increased competitive pressures due to policy decisions

Voda Idea ties up with Pariksha to bring Agniveer course material on Vi app

Vi said that it is providing free access to the test prep material for Agniveer along with many other government job exams on the Vi jobs and education platform for one month.

PepsiCo reports double-digit revenue growth in India in June quarter

PepsiCo's net revenue in the second quarter of 2022 from the Africa, Middle East, South Asia (AMESA) division, under which India comes, was up 5.86% to $1.69 bn as against $1.60 bn, the company said.

Cosmetics firm L'Oreal ties up with Nasscom to innovate business operations

Joint initiative to explore potential application of AI, ML IoT and AR/VR in cosmetics and dermatology, and product development and personalisation at L'Oreal

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