Page 1981 - Company News

5 years of IBC: Loans taken for telecom, oil assets sank Videocon

VIL's problems began after it entered the telecommunications (telecom) business and its second generation (2G)-based telecom licences were cancelled by the Supreme Court (SC) in 2012

Tesla India policy exec quits after company puts entry plan on hold: Report

Manuj Khurana, policy and business development executive at Tesla in India, was hired in March 2021 and played a key role in forming a domestic market-entry plan for the US carmaker in the country

India Inc's capital expenditure slows despite jump in net profits

Investment in fixed assets up just 2.3% in FY22 despite 63.5% growth in earnings

CCI clears Air India's acquisition of AirAsia India stake, helping merger

At present, the Tata group owns and operates four airlines - Air India, Air India Express, AirAsia India, and Vistara. Air India and Vistara operate on both domestic and international routes

IT, technology lead July-Sept 2022 hiring outlook: ManpowerGroup Survey

Record high hiring outlook of 51% in eight years

Air India fined Rs 10L by DGCA for not compensating flyer denied boarding

DGCA's spot checks found that Air India does not have a policy on denied boarding and is not paying any compensation to the passengers

Bounty for tractor makers as farmers benefit from open-market sale of wheat

Farmers used the proceeds from the windfall to purchase tractors, leading to a sharp 44 per cent spike year-on-year (YoY) in the first two months of the April-June quarter

Adani, TotalEnergies join hands to invest $50 billion in green hydrogen

Gautam Adani, chairman, Adani Group said, he is confident the company will produce the world's least expensive green hydrogen

Stock in the green, strong order momentum to power gains for Siemens

Product mix, operating leverage, and price hikes to help expand margins

Multiply Ventures raises Rs 260 cr via maiden fund focused on consumer tech

The Bengaluru-based VC fund said it exceeded its target of Rs 250 crore

IPL media rights: Sony Sports Network congratulates winners, hails BCCI

"Sony Sports Network will broadcast over 1800 hours of cricket this year. In addition to the marquee India tour of England, the team plays three T20Is and three ODIs in the country.

BCCI walks away with Rs 48,390 cr in three-day IPL auction for media rights

Disney-Star, Viacom18 and Times Internet are winners, confirms cricket body's secretary Jay Shah

Only 12% firms using AI at a level that gives competitive edge: Accenture

63% global firms are AI experimenters, barely scratching the surface of its potential with AI maturity score of 29; Many others with higher scores are still leaving the full value of AI untapped

Srei's Hemant Kanoria to challenge report alleging fraud at group firm

Transaction auditor's methodology 'opaque' and legal fight over it could derail resolution process, say sources close to Kanoria.

Industry experts divided over IPL media rights being valued at Rs 48k cr

For advertisers, two separate entities bagging the TV and digital rights augur well as it would give them more options.

IPL media rights sold for Rs 48,390 cr for five years, announces Jay Shah

Shah confirmed that Viacom18 bagged digital rights with its winning bid of Rs 23,758 crore while Star India wins India TV rights with the winning bid of Rs 23,575 crore

Blockchain infra automation platform Zeeve raises $2.65 mn in seed round

Funding led by Leo Capital and Blu Ventures, proceeds to be used to bolster product development, augment tech team and enhance reach among DApp developers and global corporations

CCI approves proposed acquisition of AirAsia India by Air India

The two combined entities will have a 15.7% share of India's domestic passenger market

Top headlines: AI allowed to acquire AirAsia India; WPI inflation at 15.88%

Delhi's single-day Covid-19 infections breached the one thousand mark on Tuesday, with a positivity rate of 6.50 per cent and two fatalities, according to data shared by the health department here.

Zydus Lifesciences' chairman appointed as director in RBI's board

Zydus Lifesciences on Tuesday said its chairman Pankaj R Patel has been appointed as a part time non-official director in the central board of the Reserve Bank of India (RBl).