Page 2018 - Company News

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

Escorts lines up Rs 400 cr capex for FY23; eyes higher exports in 5-6 yrs

The company, which has started exporting electric tractors to markets like the US and Europe, expects it to contribute up to 15 per cent of its overall overseas shipments in the next five to six years

HCL Tech to double headcount in nearshore locations in 3-5 yrs: CEO

HCL Technologies had recently reported over three fold jump in its consolidated net profit for fourth quarter ended March 2022 at Rs 3,593 crore

Amazon created more than 1.16 mn jobs, digitised 4 mn MSMEs in India

The firm said it focused on creating a robust infrastructure to help Indian businesses address customers in over 200 countries and territories

84% employees feel organisation culture improved since Covid begun: survey

Around 84 per cent of employees globally say the organisation's culture has improved since the start of the pandemic, an EY Survey said

Adani group to buy 49% stake in Quintillion Media for undisclosed amount

Adani Enterprises will pick a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for an undisclosed sum, according to a regulatory filing.

M-cap of eight biggest firms falls over Rs 2.48 trn; Reliance biggest drag

The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.

Reliance to acquire several brands in over Rs 50,000 cr consumer goods play

Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months

Schneider Electric eyes ties with Indian firms as green energy push grows

Increasing investments across functions, GreeNext JV, focused on India, progressing well, says top executive

Dunzo, PhonePe among 24 e-commerce firms joining India's open network

Real-time transactions in retail and food delivery have started in Delhi, Bengaluru, Shillong

Paytm lending business records annualised run-rate of Rs 20,000 cr in April

Offline payments business accelerated as total number of devices deployed jumped to 3.2 million, with 0.3 million devices deployed in April

Adani nears $10- bn deal for controlling stake in Holcim India business

The Adani Group is hammering out the final details of a $10 billion deal for 63.1% of Ambuja Cements Ltd. along with related assets

Paytm says lending business now at annualised run-rate of Rs 20,000 cr

Digital payments Paytm said its lending business saw a 449 per cent increase in number of loans disbursed in April and business now has an annualised run-rate of Rs 20,000 crore

Neuberg Diagnostics to double its labs in next two years: Chairman

Diagnostics chain Neuberg Diagnostics has plans to double its laboratories and touchpoints from present 150 labs and 1,000 touchpoints present across globe in next two years, company official said

Google to remove nearly 900,000 abandoned apps from Play Store

Tech giant Google is preparing to purge nearly 900,000 apps, which have been abandoned or not been updated, from the Play Store.

Created over 1 mn jobs in India, enabled nearly $5 bn in exports: Amazon

These jobs are across industries like IT, e-commerce, logistics, manufacturing, content creation, skill development and more

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