Page 2139 - Company News
Financial services player Northern Arc group buys Smile Microfinance
The transaction involves taking over the microfinance portfolio of Smile along with its 150 branches catering to over 2 lakh customers served by around 850 employees
 "Financial services player Northern Arc group buys Smile Microfinance")
Wipro announces over 500 technology jobs in Brazil in next fiscal year
IT major Wipro Ltd on Thursday announced over 500 technology jobs in Brazil in the next fiscal year, to support growth in delivering cloud solutions to clients.
 "Wipro announces over 500 technology jobs in Brazil in next fiscal year")
Bharat Bio working on TB vaccine, to ink pact with a firm for technology
Without providing details on the name of the firm with which BBIL will be inking MoU, Ella said the TB vaccine is currently undergoing phase 3 clinical trials
 "Bharat Bio working on TB vaccine, to ink pact with a firm for technology")
Two-wheeler sales volume to fall for third straight fiscal year: Crisil
'Three consecutive years of decline will take two-wheeler sale volumes back to the fiscal 2014 level and it may take 3-4 years to reclaim the peak sales volume of 2.11 crore seen in 2019'
 "Two-wheeler sales volume to fall for third straight fiscal year: Crisil")
Coal India considers private sector to run discontinued mines
India is considering partnering with private companies to operate mines which have been previously shut or production discontinued by state-run Coal India Ltd
 "Coal India considers private sector to run discontinued mines")
Alibaba reports smallest rise in quarterly revenue, misses expectations
The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending
 "Alibaba reports smallest rise in quarterly revenue, misses expectations")
Top headlines: HUL splits chairman and CEO roles; oil rises above $105
Business Standard brings you the top headlines on Thursday
 "Top headlines: HUL splits chairman and CEO roles; oil rises above $105")
Vedanta Aluminium launches low carbon aluminium, unveils two product lines
The first production volume of 100 kilo tonnes of Restora and Restora Ultra aluminium already has interest from environmentally conscious customers
 "Vedanta Aluminium launches low carbon aluminium, unveils two product lines")
Ola Electric plans 50 Gwh India battery plant in EV push: Report
Softbank Group-backed Ola Electric plans to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours (GWh)
 "Ola Electric plans 50 Gwh India battery plant in EV push: Report")
Hero Electric partners with IDFC FIRST Bank for vehicle finance
Hero Electric said it has joined hands with IDFC FIRST Bank for vehicle finance.
 "Hero Electric partners with IDFC FIRST Bank for vehicle finance")
Standard Chartered, IATA tie up forh payment platform for airline industry
Standard Chartered said it has partnered with the International Air Transport Association (IATA) to launch a payment platform for airline industry in India.
 "Standard Chartered, IATA tie up forh payment platform for airline industry")
Siri gets new voice in iOS 15.4 beta, says report
The voice has arrived a little under a year after Apple added its last two American Siri voices, and stopped defaulting to using a female-sounding voice
 "Siri gets new voice in iOS 15.4 beta, says report")
Google to discontinue Chrome's 'Lite Mode' on Android with its v100 update
Google explained that the reason for sunsetting the feature is the "decrease in cost" for cellular data plans, as well as other improvements Chrome has made to data usage
 "Google to discontinue Chrome's 'Lite Mode' on Android with its v100 update")
Curefoods acquires franchise rights for US-based pizza chain Sbarro
Curefoods announced acquisition of the South India franchise rights for US-based pizza chain Sbarro.
 "Curefoods acquires franchise rights for US-based pizza chain Sbarro")
IndiGo to start flights between Kadapa in AP and five cities from Mar 27
Kadapa will be the 73rd city in the country to be connected with IndiGo flights, the airline said in a release
 "IndiGo to start flights between Kadapa in AP and five cities from Mar 27")
HUL splits position of chairman, CEO & MD; Paranjpe made non-exec chairman
Sanjiv Mehta will continue as the Chief Executive Officer & Managing Director
 "HUL splits position of chairman, CEO & MD; Paranjpe made non-exec chairman")
Reliance Retail grew its retail footprint by 39% amid pandemic: Bernstein
Reliance Retail continues to execute strongly and has grown its retail footprint by 39 per cent (in sq.ft) since pandemic, added multiple brands, Bernstein said in a report.
 "Reliance Retail grew its retail footprint by 39% amid pandemic: Bernstein")
IKEA India appoints Susanne Pulverer as its first woman CEO, CSO
Swedish home furnishings retailer IKEA announced the appointment of Susanne Pulverer as its new and first woman Chief Executive Officer and Chief Sustainability Officer, for its India business.
 "IKEA India appoints Susanne Pulverer as its first woman CEO, CSO")
Indian Oil Corp buys first Russian Urals crude in 2 years as prices slump
Urals crude was last imported by IOC at its Paradip port in April 2020, Refinitiv's trade flows data showed
 "Indian Oil Corp buys first Russian Urals crude in 2 years as prices slump")
CBI questioned NSE IT's Muralidharan in co-location case, says official
In January, 2020, SEBI had exonerated NSE IT's Muralidharan along with eight others including NSE CEO Ravi Narain in the co-location case.
 "CBI questioned NSE IT's Muralidharan in co-location case, says official")