Page 2109 - Company News

Paytm Mall, Snapdeal fined Rs 100,000 each over faulty pressure cookers

The CCPA imposed of Rs 1 lakh fine each on Paytm Mall, Snapdeal for selling non-standard pressure cookers and asked them to recall sold items as well as reimburse the amount paid by consumers

Paytm no longer using short-term working capital facilities from banks

After Q3FY22 earnings, the company had said that it is well-funded with net cash, cash equivalent and investable balance of Rs 10,215 crore

Adani Total Gas to set up 1500 EV charging stations in India

The units, located at the firm's CNG station at Maninagar in Ahmedabad, will enable quick turnaround time for EV owners using digital platforms

Aster DM Healthcare to invest Rs 500 cr for healthcare facilities in TN

Aster DM Healthcare on Sunday said it will invest Rs 500 crore to set up healthcare facilities in Tamil Nadu.

Vikas Ecotech scouts for acquisition, expects Rs 360 crore revenue in FY23

Vikas Ecotech Ltd is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic, a top company official has said.

Need strict debt recovery mechanism to boost lending: Andromeda CEO

With the economy coming back on rails post COVID-pandemic, the Reserve Bank of India may consider a strict debt recovery mechanism with regulatory backing to boost activities of lending institutions

India Sotheby's Realty invests Rs 5.5 cr in data analytic firm CRE Matrix

Property consultant India Sotheby's International Realty said it has made a strategic equity investment in data analytic firm CRE Matrix to offer more and better advisory services to its clients.

Apple reaches 60% sales share mark for first time since 2017

Driven by strong 5G upgrades for the iPhone 12 and iPhone 13 series, Apple reached the 60 per cent sales share mark globally last year -- for the first time since 2017.

Edtech firm Schoolnet aims Rs 6,000 cr revenue in next 5-7 years

Edtech firm Schoolnet aims to grow multifold to generate Rs 6,000 crore in the next 5-7 years from expansion of services in schools and subscriber growth on its learning app.

Adani Total Gas forays into electric mobility infrastructure sector

Adani Total Gas Ltd, a joint venture of Adani group and TotalEnergies SE, has forayed into electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad

Market cap of 7 of 10 most valued companies tumbles over Rs 1.14 trn

Reliance Industries added Rs 79,188.07 crore in valuation and Infosys gained Rs 9,404.12 crore.

Vodafone Idea shareholders approve Rs 14,500 cr fundraise proposal

Vodafone Idea (VIL) had placed special resolution of issue of equity shares worth Rs 4,500 crore to the group firms of promoters Vodafone and Aditya Birla Group for transaction at the EGM

Coal mining resumes at NEC's Tikak Colliery in Assam's Tinsukia

Mining operations at NEC, a unit of Coal India Limited (CIL), were halted due to environment-related issues in 2020

Manappuram Finance to raise up to Rs 7,800 cr in FY23

The gold financier said it proposed to list the bonds on BSE or NSE and the tenure of the instrument, date of allotment, maturity and coupon will be decided by the board at the time of allotment

IndiGo to launch 100 domestic flights in summer schedule from Sunday

The airline will introduce flights on 20 exclusive routes effective March 27, 2022

Share issue to govt will happen fairly soon: Vi mgmt tells shareholders

Post issuance of the shares, the government is expected to hold around 35.8% stake in the company, as per company estimates

Commodity crisis: Toyota to raise prices by up to 4% from April

"As a committed and customer-centric company, TKM has made all conscious efforts to minimise the impact of rising costs on consumers," said TKM Spokesperson in a statement

GAIL board to consider share buyback, approve financial results on Mar 31

The board of state gas utility GAIL India Ltd will on March 31 consider the buyback of shares - the second buyback in as many years

Infosys denies having business relationships with local Russian enterprises

The company has committed $1 million towards relief efforts for war victims from Ukraine

Akasa Air to launch operations from June, expects fleet size at 72 in 5 yrs

He further said the airline plans to have 18 aircraft on ground as part of its fleet within 12 subsequent months of launching and then add 12 to 14 every year making it 72 in five years