Page 2013 - Company News

In struggle to get employees back to office; companies tread cautiously

In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required

Adani to become India's No. 2 cement maker with $10.5 billion Holcim deal

(Reuters) -Indian conglomerate Adani Group plans to buy Holcim AG's cement businesses in India for $10.5 billion, its largest-ever acquisition, to become the country's No. 2 cement manufacturer.

Adani offers to buy 26% of Ambuja Cements, ACC from open market

Billionaire Gautam Adani is buying Switzerland-based Holcim AG's cement businesses in India for $10.5 billion

Indian tablet market grows 68% in March 2022 quarter; Lenovo leads

The tablet market in India grew 68 per cent year-on-year in the first quarter ended March 2022, with Lenovo leading the chart, a Cybermedia Research report released on Monday said.

Canara Bank eyes 8-10% loan growth; rise in corporate credit this fiscal

State-owned Canara Bank is expecting an 8-10 per cent growth in advances as well as a healthy double-digit rise in corporate loan portfolio in the current financial year,

DGCA says IndiGo staff handled child boarding incident inappropriately

DGCA said it has issued a showcause notice to IndiGo after a fact-finding committee found the airline staff prima facie violated regulations in denying boarding to a specially-abled child

Lenovo launches new ThinkCentre Neo desktops promising better performance

Lenovo on Monday announced its new 'ThinkCentre neo' portfolio of desktop computers in India, promising performance boost over the previous generation, better power management capabilities

Honasa buys majority stake in skincare co Dr Sheth's at Rs 28 cr valuation

The founder of Dr Sheth's will continue to lead the business and product innovation

Found no merit in whistleblower complaints, says Aditya Birla Capital

A news report on Monday said a 16-page whistleblower complaint alleging corruption, insider trading and front running at Aditya Birla MF was sent to the board of Aditya Birla Capital

Blockchain gaming industry concerned over TerraUSD, Luna crash

Game companies with products featuring virtual coins and other blockchain functionalities remain on heightened alert over adverse effects from the recent collapse of the TerraUSD and Luna

Holcim to use proceeds from India sale for lower carbon acquisitions

Over the last 15 months Holcim has spent 5 billion Swiss francs ($4.99 billion) on a string of companies outside the cement market as it pivots towards building products like roofing and mortars.

Capgemini acquires Chappuis Halder to boost financial services biz

The acquisition will help Capgemini's in-demand specialist consulting services in environment, social and governance (ESG) and climate risk strategy

Tata Power bags NHPC's solar project worth Rs 1,731 cr in Rajasthan

The project, which is expected to be completed within 18 months, aims to reduce around 6,36,960 carbon emissions, and is expected to generate approximately 750 million units annually

Adani group wins race to buy Ambuja Cements, ACC for $10.5 bn from Holcim

Group outbids Ultratech and JSW group to enter the industry and also emerge as the country's second-largest cement manufacturer

Why may Tata Sons have chosen Campbell Wilson to lead Air India?

Air India's new owners are on-boarding aviation veteran Campbell Wilson as the new chief. Who's Campbell Wilson? How can his 26 years of aviation experience help the turbulent airline? Let's find out.

USFDA rush after 2-year lull: 20-30% new products may be open to inspection

The last two years saw limited physical inspections due to travel restrictions during the pandemic

Jet Airways conducts first set of three proving flights

Jet Airways on Sunday conducted the first set of three proving flights with 18 people, including officials of the aviation regulator DGCA, on board the aircraft, sources said.

Airtel to set up digital tech hub in Pune, hire 500 people by FY23 end

Airtel is looking to hire across multiple experience and domains Big Data, Machine Learning, Dev Ops, Tech ops, etc

Weak rupee to make imports costly for metal firms, exports may get a push

According to CRISIL Research, India imported close to 57-59 million tonnes of coking coal - a key input for steelmaking - worth Rs 1 trillion in fiscal 2022

Godrej Properties adds 7 projects with expected sale value of Rs 9,500 cr

Mumbai-based Godrej Properties purchases land outright as well as forms partnerships with land owners for future development