Page 2061 - Company News
Deeptech startup Spyne raises $7 mn in latest funding round led by Accel
At present, Spyne is currently serving more than 80 customers including Amazon India, Flipkart, Karvi, OLACars, SellAnyCar, Udaan, etc. across 15+ countries
 "Deeptech startup Spyne raises $7 mn in latest funding round led by Accel")
Top court refuses to entertain BharatPe's petition against PhonePe
Last October, PhonePe sought Bombay HC injunction to restrain BharatPe from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe'
 "Top court refuses to entertain BharatPe's petition against PhonePe")
Spotify adds live audio programmes, rebrands Greenroom app to Spotify Live
Music streaming platform Spotify has announced that it is changing the name of Greenroom to Spotify Live and bringing its live capabilities directly onto the Spotify app
 "Spotify adds live audio programmes, rebrands Greenroom app to Spotify Live")
A controversial call for 5G private networks
A controversial call: Trai's recommendation has made enterprises happy but telecom operators have strongly opposed the move
 "A controversial call for 5G private networks")
Xiaomi says fully cooperating with ED on alleged tax evasion probe
In a statement shared with IANS, Xiaomi said it is a law-abiding and responsible company.
 "Xiaomi says fully cooperating with ED on alleged tax evasion probe")
Pine Labs makes majority investment in payment solution provider Mosambee
The leadership team at Mosambee will continue to operate independently.
 "Pine Labs makes majority investment in payment solution provider Mosambee")
Indian Oil Corp buys 4 million bbls of crude via tenders: Report
Indian Oil Corp, the country's top refiner, has purchased a total of 4 million barrels of crude via tenders for May and June loading, traders said on Wednesday.
 "Indian Oil Corp buys 4 million bbls of crude via tenders: Report")
DGCA bars 90 SpiceJet pilots from operating Boeing 737 Max planes
Indian aviation regulator DGCA has barred 90 SpiceJet pilots from operating the Boeing 737 Max aircraft after finding them not properly trained.
 "DGCA bars 90 SpiceJet pilots from operating Boeing 737 Max planes")
ED summons Xiaomi's former India managing director Manu Kumar Jain
The Enforcement Directorate has summoned Manu Kumar Jain, Xiaomi's former India managing director, to appear before it in a probe
 "ED summons Xiaomi's former India managing director Manu Kumar Jain")
Top oil merchant Vitol to stop trading Russian crude by end of this year
Vitol's announcement came after an adviser to Ukrainian President Volodymyr Zelenskiy wrote to the heads of Vitol and other merchant traders, asking them to terminate business dealings with Russia
 "Top oil merchant Vitol to stop trading Russian crude by end of this year")
Former chiefs of CARE Ratings found not guilty after misconduct inquiry
An independent inquiry has found former top executives of India's CARE Ratings Ltd not guilty of potential misconduct, the company said in a regulatory filing on Tuesday.
 "Former chiefs of CARE Ratings found not guilty after misconduct inquiry")
Trai seeks views from stakeholders on monitoring cross-media ownership
TRAI released a consultation paper on 'Issues Relating to Media Ownership' after the government asked it to reconsider its recommendations made in 2014
 "Trai seeks views from stakeholders on monitoring cross-media ownership")
Shriram City eyes four-fold rise in gold loan portfolio in five years
Plans aggressive expansion in north India, where it has already launched its product in 70 branches
 "Shriram City eyes four-fold rise in gold loan portfolio in five years")
IPO-bound LIC plans to cross-sell policies via housing finance arm
This would be by selling insurance products to home buyers who avail loans from LIC Housing Finance
 "IPO-bound LIC plans to cross-sell policies via housing finance arm")
Rakesh Jhunjhunwala divests Escorts stake; stock declines nearly 4%
The ace investor held 5.68% in the company at the end of February. Escort's latest shareholding pattern doesn't have his name in the public investors' list
 "Rakesh Jhunjhunwala divests Escorts stake; stock declines nearly 4%")
Mobility firm Chartered Speed plans Rs 600 cr IPO for fleet, EV expansion
From the current 1000-odd fleet of buses, of which roughly 5% are EVs, the firm is looking to add another 1,000-1,200 buses in the next one to one and a half years
 "Mobility firm Chartered Speed plans Rs 600 cr IPO for fleet, EV expansion")
Private sector lender HDFC Bank hopeful of Aramco-like MSCI inclusion
In an investor presentation, the bank has made a case for inclusion in the MSCI and FTSE indices
 "Private sector lender HDFC Bank hopeful of Aramco-like MSCI inclusion")
ED summons Xiaomi global vice-president Manu Kumar Jain in forex case
It's learnt that ED had initiated its discreet inquiry in February under the Foreign Exchange Management Act (FEMA) and found evidence of remittances involving a significant amount
 "ED summons Xiaomi global vice-president Manu Kumar Jain in forex case")
Semiconductor plant with Foxconn to come up in 2 years: Vedanta chairman
Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years.
 "Semiconductor plant with Foxconn to come up in 2 years: Vedanta chairman")
Consider giving interest to Kalanithi Maran, SC tells SpiceJet
The bench has now fixed the case for further hearing on April 18 after senior advocate Mukul Rohatgi, appearing for the Spicejet, sought some time
 "Consider giving interest to Kalanithi Maran, SC tells SpiceJet")