Page 1995 - Company News
Workplace platform Slack enters India to help firms establish 'digital HQs'
Slack, which has users in over 150 countries globally, already has a significant following in India which is one of its top 10 markets for paid teams globally.
 "Workplace platform Slack enters India to help firms establish 'digital HQs'")
Cordelia Cruises aims to pump in $1 bn by 2025 to boost India operations
The company's bullish outlook is in line with the government's projection of a 10-fold growth for this industry over the next decade.
 "Cordelia Cruises aims to pump in $1 bn by 2025 to boost India operations")
CV maker Ashok Leyland's sales jump four-fold to 13,273 units in May
Sales of light commercial vehicles in the domestic market stood at 5,190 units in May, as against 1,225 units in May 2021, the company said.
 "CV maker Ashok Leyland's sales jump four-fold to 13,273 units in May")
Biz travel sees revival as OYO adds 1,250 new corporate clients since Mar
Small and medium businesses continue to contribute significantly to the business travel bookings as more and more people from this segment opt for physical interactions
 "Biz travel sees revival as OYO adds 1,250 new corporate clients since Mar")
Pvt refiners profit from cheap Russian crude, state refiners suffer: Report
While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year
 "Pvt refiners profit from cheap Russian crude, state refiners suffer: Report")
SpiceJet tells SC matter with Credit Suisse settled; seeks urgent hearing
SpiceJet Limited told the Supreme Court that it has reached a settlement over its outstanding dues with Swiss company Credit Suisse and sought an urgent listing of its plea
 "SpiceJet tells SC matter with Credit Suisse settled; seeks urgent hearing")
Dhanlaxmi Bank planning to raise Rs 127 crore via rights issue this month
The bank's capital adequacy ratio fell below 13% in the March quarter and capital raised via the rights issue is expected to boost it by 50 bps
 "Dhanlaxmi Bank planning to raise Rs 127 crore via rights issue this month")
Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale
The rating agency affirmed BPCL's Baa3 issuer rating reflecting its position as the second-largest state-owned refining and marketing company in India
 "Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale")
Ford India workers waiting for good compensation for loss of jobs
About 2,000 workers of Ford India's plant near that will be shutdown soon, are hoping for some good news from the management in respect of their severance package, said a union official
 "Ford India workers waiting for good compensation for loss of jobs")
Top Indian firms show resilience post pandemic, Tata Group at top spot
Top Indian firms have shown resilience in post pandemic business conditions and TATA Group, with its brand value up 12 per cent to $24 billion, continues to be the most valuable brand, a report showed
 "Top Indian firms show resilience post pandemic, Tata Group at top spot")
Specialty business set to spur growth for Sun Pharma in next 3 yrs: Experts
Global specialty drug sales for Sun Pharma have grown by 39% YoY in FY22 to $674 million
 "Specialty business set to spur growth for Sun Pharma in next 3 yrs: Experts")
Specially-abled child incident a lesson for us, won't appeal order: IndiGo
IndiGo CEO Ronojoy Dutta said IndiGo needs to be sensitive in their training and take the specially-abled child incident as a case study
 "Specially-abled child incident a lesson for us, won't appeal order: IndiGo")
India a key growth area, is going to be a massive market: Singapore Air CEO
CEO Goh refused to be drawn on whether Singapore Airlines would be interested in buying a stake in Air India
 "India a key growth area, is going to be a massive market: Singapore Air CEO")
E-scooter growth stagnates after meteoric rise; registrations fall over 24%
The February and March figures had prompted analysts to make ambitious projections
 "E-scooter growth stagnates after meteoric rise; registrations fall over 24%")
Dominance won't fade even if obligatory cession is zero: GIC Re chairman
'In the Indian market, the four big businesses are motor, health, fire, and agri'
 "Dominance won't fade even if obligatory cession is zero: GIC Re chairman")
From DRL to Glenmark, pharma companies see steady revenue growth in Russia
Strong sales in Q4 during war aided by 'stocking up of inventory'
 "From DRL to Glenmark, pharma companies see steady revenue growth in Russia")
Tech giants accuse Indian agencies of ignorance in Xiaomi spat
While the lobby group's letter to ICEA didn't name the Xiaomi case specifically, it warned that accusing companies of illegal royalty payments could have a 'chilling effect' on business in the country
 "Tech giants accuse Indian agencies of ignorance in Xiaomi spat")
Sweden's IKEA to open large-format store in Bengaluru on June 22
The large-format store, spread over 12.2 acres (460,000 square feet), will be connected to the Nagasandra metro station and have over 7,000 affordable and sustainable home furnishing IKEA products
 "Sweden's IKEA to open large-format store in Bengaluru on June 22")
Private telcos to hike tariffs in H2; FY23 revenues to jump by 25%: Report
A growth in average revenue per user is essential for the industry to invest in the network and spectrum, and if they do not do so, it can result in poor service offerings, Crisil said in a report
 "Private telcos to hike tariffs in H2; FY23 revenues to jump by 25%: Report")
Two years on, not one Indian app within reach of TikTok's popularity
A BS analysis shows no Indian app has been able to garner as many unique visitors as TikTok did before it was banned
 "Two years on, not one Indian app within reach of TikTok's popularity")