Page 2041 - Company News

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

ReNew Power inks 5 PPAs to supply around 1500 MW solar energy

ReNew Power on Thursday said it has signed five power purchase agreements (PPAs) for the supply of around 1,500 MW electricity generated from solar plants.

Piramal Enterprises plans to raise up to Rs 700 crore through bonds

A meeting of the administrative committee of the board of directors of the company will be held on May 4, 2022, to consider and approve the issuance of NCDs for up to Rs 50 crore

Tata Power signs MoU with NAREDCO for 5,000 EV charging points

Tata Power will provide a comprehensive EV charging solutions across properties of member developers of NAREDCO, the statement said

NCLT directs to initate insolvency proceedings against Andhra Cement

The National Company Law Tribunal has directed to initiate insolvency proceedings against Andhra Cement, a company owned by the debt-ridden Jaypee Group.

NCLT gives Future Retail time till May 12 to file reply on insolvency plea

The NCLT gave crisis-hit Future Retail Ltd (FRL) time till May 12 to submit its reply to the insolvency petition filed against the company by Bank of India.

SoftBank-backed Meesho records over 100 mn transacting users

Internet commerce firm says customers from smaller Indian cities drive its growth and account for 80% shopping.

Top traders body CAIT lauds CCI raids on Amazon sellers Cloudtail, Appario

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

Persistent to hit $1 bn annual revenue rate in FY23; to hire 3,000 freshers

The Pune-headquartered company posted a 42 per cent jump in revenue to $217 million in the March quarter, when it witnessed a 45.9 per cent growth in net profit at Rs 200.9 crore

Radisson plans to add 100 hotels in India by 2025: CEO Federico Gonzalez

We are looking at India's development and the speed of change in India. If India is growing at 7 per cent, that means more GDP than many European countries, he said

7 IndiGo pilots under DGCA scanner for 'abusing' on emergency frequency

Frequency 121.5 MHz, used for emergency communications, has to be compulsorily monitored by the air traffic controllers who are in the vicinity of the aircraft

IndiGo becomes 1st airline to land aircraft using navigation system GAGAN

The Directorate General of Civil Aviation (DGCA) has issued a mandate for all aircraft registered in India after July 1, 2021 to be fitted with GAGAN equipment, a statement said

Fintech platfrom FidyPay partners Yes Bank to push financial inclusion

As part of the alliance, FidyPay will be enabling a seamless connected banking experience to Yes Bank's customers, it said in a release

Flipkart arm eKart to offer end to end supply chain solutions across India

With its externalisation, eKart will now offer brands, platforms, and businesses end-to-end supply chain management

India launches antitrust raids on Amazon sellers Cloudtail, Appario: Report

India's antitrust body launched raids at two top sellers of Amazon.com Inc over violations of domestic competition laws, two sources with direct knowledge of the matter said

Focus on tier 2, 3 cities: DPIIT Secretary Anurag Jain to startups

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary also called upon startups to look for sustainable solutions for the problems being faced by the society at large

PhonePe announces cashback offers on gold, silver purchases via its app

Users can buy 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage or making charges or get delivery in form of gold coins or bars

Mahindra Lifespace shares rally nearly 8% after earnings announcement

Its consolidated total income stood at Rs 408.2 crore in the last fiscal, against Rs 187.8 crore FY21, according to a regulatory filing

Godrej Properties buys 58-acre land in Nagpur to develop housing project

The project has good connectivity to Nagpur Airport and the Nagpur - Hyderabad highway with well-established social infrastructure in the vicinity, the company said

Indifi Technologies appoints former SBI Chairman Rajnish Kumar as advisor

Rajnish Kumar will engage with the management on the Indifi Technologies' growth strategy and provide guidance in the financial services sector.