Page 2014 - Company News

India adds 8.8 mn new jobs in April; yet inadequate to meet demand: CMIE

It may be useful to note that the 8.8 million increase in April comes after a 12 million fall during the preceding three months: CMIE

84 workers at 42 airports found drunk on duty between Jan '21-Mar '22: DGCA

While many of the workers who failed the alcohol tests were employed by airport operators, a significant section of them were employed by other companies which work at the airport

UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion

The move comes days after e& said it was looking to expand into new markets in Africa, Europe and Asia and in areas outside telecoms such as financial technology as its seeks to drive growth

Vistara launches fast-track security clearance for biz travellers at London

Vistara has at London's Heathrow airport launched a fast-track security clearance mechanism for business class passengers who have to depart on its flight to Delhi.

NTPC's 20 MW solar capacity begins commercial operation at Kawas in Gujarat

With this, the standalone installed and commercial capacity of NTPC has reached 54,616.68 MW

Delhi court grants bail to Wadhwan brothers, ex-promotors of DHFL, in scam

A Delhi court has granted bail to Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan, ex-promoters of Dewan Housing Finance Corporation Ltd (DHFL) in the alleged multi crore scam case.

Debt-ridden Future Retail's Chief Financial Officer C P Toshniwal resigns

Last week, Future Retail's Managing Director Rakesh Biyani stepped down, while officials including the company secretary of the debt-ridden firm tendered resignation

Maruti to invest Rs 11,000 cr to set up largest facility at 800-acre site

New plant, with capacity to make 1 million cars in a year, to come up in Haryana

Good news for consumers: 5G phones may cost Rs 10,000 apiece by March 2023

Device makers say that this price will be an inflexion point, triggering a big shift of consumers from 3G and 4G phones to high-speed 5G services

Top headlines: Railways-coal sector rift continues, 5G phones for Rs 10,000

Business Standard brings you the top headlines at this hour.

SII, Symbiosis to set up research centre for vaccine development

Serum Institute of India is the world's largest company in terms of Covid-19 vaccine production having manufactured over 500 million doses

Pine Labs appoints ex-Amazon India HR Head as its chief people officer

Prior to Amazon, Vijayalakshmi Swaminathan was a founding partner at CoCoon Consulting, a cross-sectoral boutique HR consulting firm

Margin worries to persist for L&T over inflation, supply chain concerns

While target prices indicate healthy upside, the stock has been an underperformer

A first in India: Zydus brings new drug for uncontrolled 'bad' cholesterol

Uncontrolled LDL-c, which poses a major risk of cardiovascular diseases, lacked proper treatment despite patients' lifestyle changes and use of statins

Matrimony.com showed good growth, poised to enhance momentum: CMD

The city-based company had registered a 15.6 per cent jump on its consolidated profit after tax for the quarter and 31.44 per cent on PAT for the year ending March 31, 2022.

Myntra's vice president and head of marketing Achint Setia to move on

He had brought 17 years of expertise in scaling businesses in consumer tech and media to the organisation

RIL-backed omnichannel platform Fynd to hire over 1,200 engineers this year

From Gujarat, the company will look for skilled developers from python, full stack, NodeJS, angular, java, and DevOps engineers across all levels, it said

Jet Airways' proving flights scheduled to take place on May 15 and May 17

Proving flights are similar to commercial flights but with officials of the Directorate General of Civil Aviation (DGCA), executives and flight crew of the carrier concerned on board

Shah Rukh Khan's Knight Riders Group acquires franchise in UAE T20 League

So far, the Adani group, Reliance Industries, GMR and Capri Global have invested in the Indian Premier League-(IPL)-style tournament

IPO-bound Paradeep Phosphates raises Rs 450 crore from anchor investors

Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering.