Page 1979 - Company News

Ford resumes production at TN plant as some workers withdraw strike

According to a union official, about 100-150 people have joined the duty at the factory since Tuesday and the unit was operating in double shifts

Uber's package delivery service drives rapid growth for small businesses

Uber Connect is helping deliver packages across 23 cities. Total deliveries over the past two years have covered a distance enough to circumnavigate the earth 1,100 times

Adani Group fastest in valuation growth at 88%, Ambani's RIL up 13%: Report

Tata Consultancy Services came second at Rs 12.97 lakh crore despite a 0.9 per cent decline in value, and was followed by HDFC Bank, Infosys and ICICI Bank

Expect telcos to buy spectrum worth Rs 1 trn-Rs 1.1 trn in 5G auction: Icra

The auction of over 72 GHz of the spectrum is set to commence on July 26, 2022

90% of business leaders feel GST made doing business easy: Deloitte survey

The GST regime has also positively affected the prices and costs of goods and services to end consumers, along with helping companies optimise their supply chains, Deloitte GST@5 Survey 2022 found.

Disney Plus could lose 20 mn subscribers after ceding IPL streaming rights

About 50 million, more than one-third, of the worldwide subscribers come from Disney+ Hotstar, a product offered in India and other South Asian nations, and cricket has a been a big driver of that

US firm SentinelOne sets up Bengaluru centre to fight cyberattacks

Plans to invest $50 mn for expansion into the Indian market, and expand talent base by 500 in the coming years

LinkedIn, UN Women join hands to create employment opportunities for women

LinkedIn, the world's largest professional network, on Wednesday said it will invest USD 5,00,000 (Rs 3.88 crore) in partnership with UN Women to advance women's economic empowerment

Adani Enterprises wind power project caught in Lankan political crossfire

The controversy over the Adani investment in the neighbouring nation stems from domestic power politics in which a bureaucrat has become collateral damage

Shiprocket to acquire majority stake in Pickrr for $200 mn: Joint statement

E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore)

JSW's crude steel production jumps 31% to 1.78 mn tonnes in May 2022

JSW Steel crude steel production in May on a standalone basis jumped 31 per cent to 1.78 mn tonnes, the company said on Wednesday

Aether Energy in talks with state govts to set up third manufacturing plant

Hero MotoCorp-backed electric two-wheeler maker Ather Energy is in talks with several state governments to set up a new manufacturing facility in the country, according to sources

Groyyo raises $40 million in Series A funding round led by Tiger Global

These funds will be utilised to scale up the team across manufacturing clusters in India and Bangladesh and key demand belts in the United States and European Union

Refrigerator import ban, volume recovery can help Whirlpool stay cool

Given raw material pressure, margin trend is another factor

Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance

The 'Hotels 50 2022' annual report by the world's leading brand valuation consultancy recognizes the most valuable and strongest hotel brands across the globe

COAI names Reliance Jio's Pramod Mittal as Chairperson for 2022-23

Mittal was previously the Vice Chairperson of the Cellular Operators' Association of India (COAI), whose members include Reliance Jio, Bharti Airtel and Vodafone Idea (VIL)

Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform

Firm currently has orders for over 600 buses, is betting big on govt tenders and sees market for e-buses growing 10x in next 2-3 years

Irdai eases solvency margin requirement for insurers underwriting crop biz

It is estimated that the Insurance Regulatory and Development Authority of India (Irdai)'s move to ease solvency margin will unlock nearly Rs 1400 crore.

LIC increases stake in Capri Global Capital, Hero MotoCorp and HUL

The acquisition of the incremental stake in Capri Global Capital Ltd happened at an average cost of Rs 624.61 and that for Hero MotoCorp Ltd happened at Rs 3,050.14

5 years of IBC: Debt-ridden RCom awaits court approval to allow UVARCL bid

While the RBI is now planning to allow ARCs to bid for bankrupt companies, RCom's resolution is now stuck in courts