Page 2068 - Company News

ICICI Lombard net profit falls 9.5% in Q4, blames Covid and accounting rule

The company has proposed a dividend of Rs 5 per equity share for the financial year ended March 31, 2022

Govt may revisit BPCL privatisation, including revising the terms of sale

The transition towards green and renewable fuel has made privatisation difficult in existing terms: Official

Adani Group, ITC and Microsoft among companies to invest in Bengal

Addressing the valedictory session of the Bengal Global Business Summit, Banerjee said 137 Memoranda of Understanding (MoUs) and letters of intent (LoI) were signed for the investments

ITC to acquire 10% stake in Blupin Technologies for up to Rs 39.34 crore

Diversified entity ITC on Thursday said it will acquire 10.07 per cent stake in Blupin Technologies Pvt Ltd, the company behind direct-to-consumer(D2C) brand, Mylo for up to Rs 39.34 crore.

Flipkart says new fulfilment centre in Bengal will create 11,000 jobs

Facility would help Walmart-owned firm compete with Amazon, Reliance's JioMart, and Tata-owned BigBasket.

Reliance Retail to start artisan-only store format 'Swadesh'

This will boost its handmade in India programme and provide a global platform for artisans and sellers of handcrafted products, said a statement by Reliance Retail

13-15% growth guidance strongest for Infosys: MD & CEO Salil Parekh

Infosys Chief Executive Officer and Managing Director Salil Parekh said the guidance of 13-15 per cent is the strongest ever for the company at the start of a financial year (2022-23)

Ashok Leyland arm lines up £300-million electric vehicle investment

"We are delighted that the Prime Minister has commended the investment Switch is making to become a leader in electric transportation as an example of the benefits of UK-India collaboration

Sequoia, GA exit Mu Sigma, get 2.5-3 times return on investments

Mu Sigma was among the earliest players in the data analytics segment that was founded in 2004

Bharti-backed OneWeb, Isro unit sign agreement for satellite launches

OneWeb's satellites aim to build a global network that will deliver high-speed internet connectivity

ITC Ltd resorts to partial price hikes on its dairy products

"Every category has had inflationary headwinds," said Sanjay Singal, chief operating officer for ITC's diary and beverage segments

ITC plans to broaden dairy portfolio, tap Bengal's 'low' milk availability

Per capita availability of milk in West Bengal is 'low', one-third of the national average of 427 grams per day, a company official said

Future group firms complete shareholders, creditors meet over Reliance deal

Several listed Future group firms have completed meetings of their respective shareholders and creditors to approve the Rs 24,713 crore deal to sell their assets to Reliance Retail Ventures Ltd

GAIL, Hindustan Petroleum to pump in Rs 17,000 cr to boost Bengal CNG infra

GAIL, its JV company Bengal Gas Co and Hindustan Petroleum Corporation Ltd's combined investment in various CNG projects in West Bengal will be Rs 17,000 crore over the next five years

Mylo raises $17mn in series led by ITC, W Health Venture, Endiya Partners

ITC picks 10 per cent stake in company to expand its presence in the mother-and baby care segment

Maruti Suzuki India launches new XL6 priced at Rs 11.29 lakh onwards

The new XL6 is powered by a 1.5-litre petrol engine with a peak power of 75.8 kW. It is available in manual and automatic transmission options, priced between Rs 11.29 lakh and Rs 14.55 lakh

ED raids JSPL offices over suspected violation of forex regulations: Report

Jindal Steel shares plunged as much as 6% to a three-week low in their biggest fall since mid-March.

Newton School secures $25 mn in funding led by Steadview Capital

The capital raised will be used to accelerate the company's growth and expand its team, technology and brand building initiatives, the company said

Walmart, Flipkart offer Indian manufacturers access to 120 mn US consumers

The roadmap is a part of Walmart's efforts to expand its sourcing from India to $10 billion a year by 2027.

Beauty, personal products maker Believe raises $55 mn in Series C funding

The Series A and Series B fundraises for Beauty, personal products maker Believe were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East-based fund.