Page 2070 - Company News

NITES files complaint against Infosys over employment clause for staffers

NITES has raised a complaint against IT giant Infosys with the Centre over the contract guidelines for restricting former employees from working with competitor

IFC, PayU invest Rs 114 cr in Vayana Network to boost trade credit to MSMEs

Vayana Network as part of its Series C round had already raised Rs 283 crore from new and existing investors

Alembic gets USFDA nod to market lvabradine used in treating heart failure

lvabradine Tablets are indicated to reduce the risk of hospitalization for worsening heart failure in adult patients with stable, symptomatic chronic heart failure

Video editing tech firm VideoVerse raises $46.8 mn to expand globally

In October 2021, VideoVerse had raised Series A funding from Moneta Ventures, Baring Private Equity India, Binny Bansal and Ventureast

Gupshup acquires Bengaluru-based conversational AI provider AskSid

The acquisition strengthens Gupshup's AI-powered conversational solutions for e-commerce, retail and consumer goods industries

Netflix sees an uptick in user engagement in India after reducing prices

Content streaming platform Netflix, which reduced its subscription prices in India late last year, is witnessing an uptick in user engagement in the country

Pine Labs announces key appointments to strengthen senior leadership

Pine Labs has appointed Varun Varma as the head of Strategy and Corporate Development and Jagriti Bhattacharya, who joins as general counsel.

Will BBNL's merger with BSNL expedite Bharat Net project?

Bharat Broadband Nigam Ltd is being merged with BSNL. Will this merger address the problems plaguing the project and expedite it. Our next report offers some insight

Reliance Brands acquires majority stake in designers Abu-Sandeep

The brand will be able to fulfil its ambition of global expansion, said the designers

Cost pressure likely to weigh on pharma companies' margins in Q4

Among Indian firms, Edelweiss feels that Cipla (respiratory) and Sun Pharma (specialty) are better placed to tide the price erosion

Direct seller Amway's India play disrupted: Why has it not met targets?

On Monday, the Enforcement Directorate attached Amway's assets worth Rs 758 crore in connection with an alleged money laundering probe

Bureaucracy is bogging down bankruptcy deal, says CJI N V Ramana

The top court gave another week to the government's lawyer to sort out the differences between the Enforcement Directorate and corporate affairs ministry.

Flipkart buys full-stack e-commerce enabler ANS for undisclosed sum

Flipkart's M&A strategy is helping it tap new business areas, get access to innovation and vie with players like Amazon, Reliance's JioMart and Tata-backed BigBasket, say to analysts

Dabur India to induct 100 EVs for last-mile product distribution

All the 100 vehicles would be inducted within the next 12 months across the nation, Dabur India Ltd CEO Mohit Malhotra said in a statement

Jio and Vodafone Idea lose customers, Airtel gains in Feb, shows TRAI data

Jio customer base erodes for third month on the trot though the firm makes gains in number of active users

L&T Infotech Q4FY22 net rises 17% YoY to Rs 638 cr, up 4% sequentially

Buoyed by broadbased growth across verticals and geographies, firm posts strongest revenue addition for the fiscal, up nearly 32% YoY; attrition at 24% rises marginally QoQ

Zilingo board discusses replacing CEO Ankiti Bose after suspension

The board has not yet decided who will replace Bose, though one option discussed is to appoint interim leadership, possibly including senior executives and investors, people familiar with matter said

Strong rebound in India's job market post pandemic, says Apna report

Beauty, wellness industry sees huge increase in openings in the March quarter; highest momentum in logistics, IT

Punjab & Sind Bank declares SREI firms' outstanding dues as fraud

Lender becomes first to classify SREI Infra Finance and SREI Equipment Finance as fraud accounts, say sources; bank says the accounts fully provided for as per prudential norms

State Bank of India seeks accountability on Future Retail store takeovers

Lenders have charge of inventory, exec says on RIL taking possession of some stores