Page 2076 - Company News
MakeMyTrip's fintech arm TripMoney buys majority stake in BookMyForex
MakeMyTrip's fintech arm TripMoney on Tuesday said it has acquired a majority stake in online foreign currency exchange services provider BookMyForex to become a one-stop solution for all forex need
 "MakeMyTrip's fintech arm TripMoney buys majority stake in BookMyForex")
Over 54% of India Inc keen on hiring in Q1FY23: TeamLease report
The hiring outlook for April-June 2022 quarter is up by four percentage points on a quarter-on-quarter basis, says TeamLease Employment Outlook Report
 "Over 54% of India Inc keen on hiring in Q1FY23: TeamLease report")
Elon Musk gets fierce competition as Amazon enters space internet biz
The tech giant signed contracts for launches with United Launch Alliance (ULA), Arianespace, and Jeff Bezos' Blue Origin. The financial details of the deal were not disclosed
 "Elon Musk gets fierce competition as Amazon enters space internet biz")
Symphony bets on e-commerce, D2C for resurgent summer sales of air-coolers
The world's largest manufacturer of air-coolers is not only witnessing a spike in share of e-commerce platforms such as Amazon and Flipkart in its domestic sales but also from its D2C website
 "Symphony bets on e-commerce, D2C for resurgent summer sales of air-coolers")
Blue Star expects Sri City manufacturing plant to go on stream in Q3
The company unveiled new television commercial as part of launch of new range of air conditioners
 "Blue Star expects Sri City manufacturing plant to go on stream in Q3")
Jio-bp and TVS Motor Company to collaborate on EV solutions
Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles
 "Jio-bp and TVS Motor Company to collaborate on EV solutions")
NTPC, Gujarat Gas ink pact for blending green hydrogen with piped gas
NTPC is the premier energy utility of the country with an installed capacity of 69 GW, with a diversified fuel mix
 "NTPC, Gujarat Gas ink pact for blending green hydrogen with piped gas")
Biryani, BSE and bills: All about a billion Razorpay transactions in FY22
One of the takeaways from data analysis is that trading activity grew 247% over previous financial year
 "Biryani, BSE and bills: All about a billion Razorpay transactions in FY22")
Jio-bp, TVS Motor Company collaborate on EV charging solutions
Jio-bp is operating its EV charging and swapping stations under the brand Jio-bp pulse
PhonePe to more than double employee count to 5,400 by December 2022
Digital payments platform PhonePe on Tuesday said it plans to more than double its total employee strength to 5,400 across the country by the end of December 2022 from existing 2,600
 "PhonePe to more than double employee count to 5,400 by December 2022")
U GRO's public issue of bonds opens on Thursday to raise up to Rs 100 cr
U GRO Capital, a non banking financial company focused on small and medium enterprises, on Tuesday announced opening of public issue of bonds later this week to raise up to Rs 100 crore
 "U GRO's public issue of bonds opens on Thursday to raise up to Rs 100 cr")
Lupin inks licensing pact with Alvion to market drugs in Southeast Asia
The Mumbai-based company said it is committed to providing affordable treatment options to healthcare providers and patients
 "Lupin inks licensing pact with Alvion to market drugs in Southeast Asia")
L&T's transportation infrastructure business bags 'significant' contracts
Larsen & Toubro (L&T) on Tuesday said its transportation infrastructure business has secured various orders from prestigious clients
 "L&T's transportation infrastructure business bags 'significant' contracts")
Gupshup acquires Active.Ai to strengthen customer experience solutions
Active.Ai serves BFSI customers across 43 countries with conversational banking as a service platform that helps clients engage with millions of consumers every month
 "Gupshup acquires Active.Ai to strengthen customer experience solutions")
Vested Finance raises $12 mn in series A funding round led by Ayon Capital
The company has processed more than $250 million in transactions in 2021 and also tripled the deposits on the platform in 2021.
 "Vested Finance raises $12 mn in series A funding round led by Ayon Capital")
PhonePe plans to fill 2800 positions in 12 mths, to hire across functions
The Walmart-owned fintech firm is focused on doubling employee strength to about 5400.
 "PhonePe plans to fill 2800 positions in 12 mths, to hire across functions")
IndiGo co-founder Rakesh Gangwal pledges Rs 100 cr to alma mater IIT Kanpur
The funds would be invested in establishing the School of Medical Sciences and Technology on the IIT Kanpur campus.
 "IndiGo co-founder Rakesh Gangwal pledges Rs 100 cr to alma mater IIT Kanpur")
Meesho integrates grocery with core application; rebrands Farmiso
Meesho Superstore currently provides 500 products across categories like fresh fruits, vegetables, groceries, home care, and packaged food.
 "Meesho integrates grocery with core application; rebrands Farmiso")
HDFC Bank and mortgage lender HDFC Ltd to merge
The merger is expected to be completed by Q2/Q3 of FY24
HDFC Bank and mortgage lender HDFC Ltd to merge
The merger is expected to be completed by Q2/Q3 of FY24