Page 2068 - Company News

Live video, audio calling platform Dyte raises $11.6 mn in seed funding

Dyte allows product & engineering teams to integrate live video into their apps to support innovative & interesting business use-cases.

UAE's IHC to invest $2 billion in three Adani Group's portfolio companies

International Holding Co has agreed to invest 7.3 billion dirhams ($2 billion) in three of Indian conglomerate Adani Group's portfolio companies.

BharatPe's Ashneer threatens legal action over comment against sister

In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence

JSW Steel combined crude steel output grows 37%; FY22 production soars 38%

JSW Steel on Friday posted a combined crude steel production of 5.98 million tonne (MT) for the quarter ended March 31, 2022.

Drunk plane maintenance workers of airline, oil firm caught in crackdown

India in December revised guidelines to expand the universe of airport workers who would be subjected to breath-analyzer checks.

India's major drug players bet on new brand launches, shows data

Industry insiders say brand launches are the lifeline of the pharma industry, and ensure steady volume growth and market share

Bharatpe CEO apologises for salary remark; firm says March salary paid

A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and non-payment of salaries, which attracted responses from Grover and CEO Sameer

We see recovery in average rates by 2022-end: IHG's Haitham Mattar

Haitham Mattar, InterContinental Hotels Group's (IHG's) managing director for India, West Asia, and Africa talks about the state of the hospitality sector in India and the learnings over past 2 years

BharatPe FY22 revenue grew four-fold to $100 mn, monthly cash burn at $4 mn

The fintech unicorn said its annualised TPV has grown 2.5x over the year-ago period to $16 billion at the end of the March quarter

A Neu Day, says Tata Sons chief Chandra as group finally launches super app

The TataNeu app according to Google Playstore has already been downloaded over 500,000 times

TataNeu in numbers: 120 mn customers, 2,500 offline stores, 80 mn downloads

From IPL to luxury, the super app is buzzing with offers; 80% off on healthcare products, 50% on hotel stay, 60% on electronics, bigbasket running season's biggest sale

Trai scraps charge on USSD messages for mobile banking, payment services

In a move to boost financial inclusion, telecom regulator Trai has scrapped the charges levied on USSD messages, which are mostly availed by feature phone users, for transactions related to mobile banking and payment services.

Telecom companies gain on tariff hike; ARPUs to rise in fourth quarter

According to brokerages, Bharti Airtel could report 8-13.5 per cent QoQ rise in its ARPU to Rs 176-185.

SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive

That's nearly 10% of the company's workforce and comes in the aftermath of the pandemic; the move follows termination if 100 staffers from PropLadder team in March

Flipkart ups IPO valuation goal to $60 bn as Covid spurs e-commerce biz

The firm now aims for a US listing in 2023 instead of this year, say sources. This would be the biggest consumer tech IPO in India

FIFS, Meta compile user manual for fantasy sports platforms in India

The guide gives an insight into what exactly a fantasy sport is--game of skill that's distinct from various similar formats and is not related to betting, gambling or wagering

Godrej Properties seeks Rs 1,000 cr revenue from Mumbai new housing project

Realty firm Godrej Properties Ltd will develop a new housing project at Kandivali East in Mumbai with an estimated sales revenue of Rs 1,000 crore.

Infosys, Rolls-Royce launch 'Aerospace Engg and Digital Innovation Centre'

The collaboration between the two has been reinforced through strategic deals aimed at yielding benefits to both firms over next seven years

Coca-Cola to set up second Telangana factory with investment of Rs 1,000 cr

Hindustan Coca-Cola Beverages (HCCB) on Thursday announced that it will set up a second factory in Telangana with an investment of Rs 1,000 crore.

NCLT approves Tata Steel Mining's resolution plan for Rohit Ferro-Tech

Tata Steel on Thursday said the Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by its wholly-owned subsidiary Tata Steel Mining Limited, for the acquisition of debt-laden Rohit Ferro-Tech Limited.