Page 1975 - Company News

Maruti Suzuki invests Rs 2 cr in AI startup Sociograph Solutions

The country's largest carmaker Maruti Suzuki India on Friday said it has invested around Rs 2 crore in Sociograph Solutions Pvt Ltd (SSPL), a startup specialising in artificial intelligence

Sequoia India grapples with fallout from several governance issues

The Silicon Valley firm has invested $5.5 billion in India and, since 2017

Infosys goes all out to retain talent, increases promotions, ESOP coverage

The IT industry, facing an alarming rate of attrition, has been doubling down on reskilling and retaining talent using various monetary and non-monetary compensations

Burmans acquire 14.3% stake in Eveready Industries through open offer

With this, Burmans' holding in the company stands at 38.3%

Comply with norms on display of nutritional value: FSSAI to Swiggy, Zomato

FSSAI had come out with labelling and display regulations in 2020 for food service firms

AlphaSense looks to increase India presence, raises $225 mn in funding

The firm said its annual recurring revenue (ARR) now exceeds $100 million

Glenmark drug for treating uncontrolled asthma gets Indian regulator's nod

Company says treatment will be affordable and improve lung function of patients

Akasa Air takes delivery of first 737 Max aircraft from Boeing in US

New airline Akasa Air on Thursday took delivery of the first 737 Max aircraft from Boeing in Seattle, USA, a statement said

Protest held in Sri Lankan capital against proposed wind project by Adani

The 500 MW wind mill project caused much storm after last week's parliamentary oversight committee proceedings

TCS, HDFC Bank, Infy and LIC among Kantar's global 100 most valuable firms

Infosys made its debut to the list at 64th position at a brand value of $33,551 billion, up 33 per cent

Catch 22: Airlines want a 15% hike in airfares but fear a drop in traffic

This comes as jet fuel price hits an all-time high after hike on Thursday

Tata Power to buy coal worth Rs 12,000 cr from Indonesian miner in FY23

Related-party transaction with Indonesian mine will need shareholder nod

China lockdowns, chip crisis cloud JLR sales outlook for FY23: Tata Motors

On Thursday, Tata Motors stock was down over 5 per cent to Rs 393 on the BSE, compared to the previous day's close

Hyundai Motors working on compact, affordable electric car for India

Hyundai plans to invest in launch electric vehicles in India by 2028, making a clean energy drive in a country with some of the most polluted cities in the world

Higher prices of natural gas take the steam out of gas utility stocks

However, despite the likely pressure on volumes and margins, and having cut earnings estimates, most analysts are positive on the natural gas sector

Private placements at lowest since 2014; total money raised down 23%

A combination of lower requirements and higher interest rates are said to have acted as a dampener

5G spectrum auction: DoT invites players for pre-bid conference on June 20

The pre-bid conference is the first major event in the detailed auction timetable that is mentioned in the bid document.

Reliance Industries in focus as benchmark refining margin inches up

Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008

Tesla CEO Musk appeals ruling that upheld securities fraud settlement

Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk's tweets claiming that he had the funding to take Tesla private in 2018.

ShareChat raises $255 mn from Google, Times Group, others; valued at $5 bn

ShareChat (Mohalla Tech) in a statement said it has closed multi-tranche funding round through which it raised a total of USD 520 million and reached USD 5 billion in valuation.