Page 2040 - Company News

Colgate-Palmolive India board appoints Prabha Narasimhan as MD and CEO

Narasimhan's appointment will be effective from September 1, 2022

Preferential treatment case: CCI raids sellers of Amazon, Flipkart

India's antitrust body launched raids on the two top domestic sellers of Amazon over accusations of having violated competition laws

Vedantu announces technology to bring down cost of online learning

Ai Live will give Vedantu an edge over competitors Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy, says company.

Cyient to acquire Singapore-based Grit Consulting for Rs 284 crore

IT company Cyient on Thursday said it will acquire Singapore-based Grit Consulting for $37 million in an all-cash deal.

Drone maker ideaForge raises $20 mn in Series B from Florintree, Infosys

Qualcomm, Infina and Exim Bank also participated in the funding round for company that serves Indian security forces

Bharat Biotech must address vaccine issues raised by WHO, says MEA

Weeks after WHO suspended the supply of Covaxin through UN procurement agencies, the MEA suggested that Bharat Biotech addresses the issue immediately to avoid the cancellation

Friendly gains: Airspace coordination in India helps airlines save big

Since Dec 2020, savings of airlines have been over Rs 200 crore

Amazon Prime Video to launch over 40 new Indian shows, pay-per-view service

Transaction video-on-demand feature will be available for Rs 69 to Rs 499 for a one-time watch

Realty firm Embassy REIT's net profit up fivefold at Rs 280 cr in Q4

Net operating income grew to Rs 2,491 crore, 5 per cent higher than initial guidance, with an operating margin of 84 per cent in Q4

IKEA is planning to raise local sourcing in India to 50%: Susanne Pulverer

Ikea also intends to add more stores in Mumbai as it calls out Maharashtra as an important market

Vedanta seeks free land, power in race to be India's 1st chipmaker: Report

Vedanta has told state governments that its operations would help them generate $2.2 billion in tax revenues over 20 years and create up to 100,000 direct and indirect jobs, said the first source

Biocon Q4 consolidated net profit declines by 4% to Rs 283 crore

Biocon's consolidated revenue from operations in the fourth quarter stood at Rs 2,408.8 crore as against Rs 1,842.1 crore in the year-ago period

BHEL-GE Power Conversion deal to make propulsion systems for Navy

The Indian Navy is considering building a second indigenous aircraft carrier to add to the combat capability

IndiGo runs first trial flight using GAGAN satellite technology

The trials were carried out in the presence of the Directorate General of Civil Aviation (DGCA) officials at Kishangarh Airport near Ajmer with an ATR72 aircraft

Tata Motors aims to build 80,000 EVs this financial year: Report

That compares with the 19,000 EVs it built and sold in the last financial year

IndiGo pilots under scanner for using expletives on radio during flight

The Indigo pilots were expressing unhappiness over the airline's delay in restoring the pre-Covid salaries and vented ire on 121.5 MHz frequency.

Pandemic lessons: Hotel brands, asset owners go for revenue sharing route

While IHCL has been at it for some years now, for Concept and Kamat Group, which have typically relied on management contracts, it's a first

Flipkart unveils lab to tap Web3, metaverse for e-commerce innovations

Flipkart Labs will be based in Bengaluru and it will back in-house innovation by using emerging technologies, promoting ideas, and delivering "breakthrough solutions", it said

JioSaavn appoints former Amazon Music director Sahas Malhotra as CEO

Music app firm JioSaavn has appointed former Amazon Music director and entertainment industry veteran Sahas Malhotra as its new CEO.

IKEA India to increase local sourcing, says CEO Susanne Pulverer

Local sourcing through partnerships will make a positive impact on the economy and society not just in retail but also in all allied sectors and services, she said