Page 2018 - Company News
Hotel and restaurant body asks Sebi to axe Oyo's IPO citing massive losses
The FHRAI on Wednesday urged SEBI to call off online hospitality major Oyo's initial public offering (IPO), citing the massive losses suffered by the hotel rooms aggregator in recent years
 "Hotel and restaurant body asks Sebi to axe Oyo's IPO citing massive losses")
Sebi levies Rs 66 lakh fine on 11 entities for flouting market norms
Capital markets regulator Sebi on Wednesday imposed a total penalty of Rs 66 lakh on 10 entities, including Jalan Cement Works Ltd, in a case related to misrepresentation in the company's details.
 "Sebi levies Rs 66 lakh fine on 11 entities for flouting market norms")
InGovern, others approach Sebi; seek forensic audit of Future Group firms
In its letter, InGovern said many directors and key management personnel have resigned in the past year
 "InGovern, others approach Sebi; seek forensic audit of Future Group firms")
Uber ramps up India hiring, to hire 500 engineers for its tech centres
The company said the hiring plan is a testament to Uber's commitment to India, and its recognition of the engineering talent in the country.
 "Uber ramps up India hiring, to hire 500 engineers for its tech centres")
Tata group embedding digital, AI and sustainability into biz, says Chandra
Focus on health and wellness, talent and supply chain rebalancing among key trends for the future....
 "Tata group embedding digital, AI and sustainability into biz, says Chandra")
Coinbase admits RBI's use of informal pressure prompted halting of trade
The comments by Coinbase's Armstrong bring forth the challenges that the crypto industry is facing
 "Coinbase admits RBI's use of informal pressure prompted halting of trade")
IIT-M team working on hyperloop project to get funds from L&T arm
A team of IIT-Madras students working on the development of a hyperloop system said that an arm of engineering and construction major Larsen & Toubro will give technical support to the project.
 "IIT-M team working on hyperloop project to get funds from L&T arm")
Tata Group readying plan for battery company in India, abroad: Chandra
The group is making a transition towards sustainability across businesses which includes a clean mobility push at Tata Motors and its British luxury unit JLR, says its chief
Vistara restores salaries, flying allowance of pilots to pre-pandemic level
Maxwell said an amount equivalent to the reduction in BFA will be added to the monthly bonus and paid to eligible pilots from April 1
 "Vistara restores salaries, flying allowance of pilots to pre-pandemic level")
PAG invests Rs 2,000 crore in Optimus Drugs for controlling stake
Exact stake size not revealed, sources put the number at 70%
 "PAG invests Rs 2,000 crore in Optimus Drugs for controlling stake")
Venus Pipes IPO subscribed 2.3 times on first day of offer, raises Rs 49 cr
The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day
 "Venus Pipes IPO subscribed 2.3 times on first day of offer, raises Rs 49 cr")
Vodafone Idea shares give up early profits; end 1% lower at close
Shares of telecom operator Vodafone Idea gave up early gains and settled 1 per cent lower amid profit-taking on Wednesday.
 "Vodafone Idea shares give up early profits; end 1% lower at close")
No business can do without data tech, AI adoption: Tata's N Chandrasekaran
All businesses have to become AI and data solution-compliant and no one can escape this trend, Tata Group Chairman N. Chandrasekaran said on Wednesday.
 "No business can do without data tech, AI adoption: Tata's N Chandrasekaran")
Relaxo Footwears Q4 net profit falls 38% to Rs 63 cr; revenue declines 6.6%
Relaxo Footwears Ltd on Wednesday reported a decline of 38.40 per cent in its net profit at Rs 62.93 crore for the fourth quarter ended March 2022.
 "Relaxo Footwears Q4 net profit falls 38% to Rs 63 cr; revenue declines 6.6%")
Top headlines: MS cuts India GDP forecasts; Novelis to invest $2.5 bn in US
Business Standard brings you the top news of the evening
 "Top headlines: MS cuts India GDP forecasts; Novelis to invest $2.5 bn in US")
PV dispatches dip 4% in April as supply challenges remain, says SIAM
Total passenger vehicle domestic wholesales stood at 251,581 units last month as compared to 261,633 units in April 2021
 "PV dispatches dip 4% in April as supply challenges remain, says SIAM")
WeWork takes 660,000 sq ft office space on lease in Noida to expand biz
We have given an entire office tower comprising 660,000 square feet, on 15 years lease to WeWork India, says Bhutani group CEO Ashish Bhutani
 "WeWork takes 660,000 sq ft office space on lease in Noida to expand biz")
Uber to hire 500 techies in India for Bengaluru, Hyderabad centres
Uber Technologies on Wednesday announced it will hire 500 employees for its India tech centres by the end of this year.
 "Uber to hire 500 techies in India for Bengaluru, Hyderabad centres")
Hiring boom begins in India as Covid infections decrease; economy reopens
India Inc will hire 5% more people in the April-June period compared to the Q1 this year, a new report showed, as Covid infections decrease amid reopening of industries across the spectrum
 "Hiring boom begins in India as Covid infections decrease; economy reopens")
"Conscious industry must think beyond its priorities": T V Narendran
India Inc must think outside the regime of incentives and subsidies and improve its competitiveness & productivity while ramping up R&D expenditure for being future ready, CII President T V Narendran
 "\"Conscious industry must think beyond its priorities\": T V Narendran")