Page 2149 - Company News

IndiGo's co-founder Rakesh Gangwal resigns from board with immediate effect

'It is my intention to gradually reduce my stake in InterGlobe over the next 5 plus years,' says Gangwal

Ambuja Cements' shares fall nearly 6% on weak results in Dec quarter

On BSE, the scrip closed 5.87 per cent lower at Rs 338.3; Intra-day, it was trading at Rs 337.2

Metaverse platform Bullieverse raises $4 mn from VCs, blockchain players

The funding supports Bullieverse's mission to set up an open metaverse platform owned exclusively by Web3 enthusiasts, creators, and community of gamers

Dollar millionaires in India rise 11% in pandemic-hit 2021: Survey

Dollar millionaires or those possessing a personal wealth of over Rs 7 crore rose by 11% to 4.58 lakh households in India at the end of the pandemic-hit 2021, says a survey.

Car sharing platform Zoomcar elevates Nirmal NR as India CEO

Domestic car sharing marketplace Zoomcar on Friday announced to elevate Nirmal NR as the CEO for India market.

Mahindra Holidays to sell entire 10.76% stake in Nreach Online Services

Mahindra Holidays & Resorts India Ltd on Friday said it will sell its entire 10.76% stake in Nreach Online Services Pvt Ltd for a consideration of Rs 29.31 crore to Gift Management Asia Pte Ltd.

LIC likely to launch $8-bn IPO on March 11: Report

LIC is expected to obtain regulatory approval for the mega IPO by the first week of March after which an indicative marketing price band will be set, say sources

Adani Group all set to acquire new 'space' for Thiruvananthapuram airport

Soon after the Adani Group took over the control of Thiruvananthapuram Airport, the group is on its way to develop it, and the latest proposed acquisition is a modern building near the airport.

BPCL in talks with e-2w-makers to share outlets for charging stations

BPCL is planning to invest Rs 1,400 crore for four-wheeler EV facilities at 7,000 outlets

Data localisation row: It's Big Tech vs Reliance Industries and Paytm

RIL, Paytm support localisation; global tech firms say it could have socioeconomic fallouts

Coal India warns it may need to cut output without a price hike

The world's largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment.

Top headlines: Big tech in data localisation row, banks told to up UPI cap

States start easing Covid-19 curbs as cases decline. More on that in our top headlines.

Consumer durables market feels Omicron chill in the third quarter

Consumer durables market is however expected to return to normal this summer as demand increases post omicron chill.

Inflation in food to stay for a while, cause of concern: Nestle India CMD

Food and commodity inflation is here to stay for a while and remains a cause of concern, said Nestle India Chairman and Managing Director Suresh Narayanan on Thursday.

Quick deliveries a priority for only 8% of online grocery buyers: Survey

According to the survey, one in 10 households buying groceries online is placing over 10 orders a month via quick commerce apps

Might hire a person who just retired, says Capgemini's Aiman Ezzat

Capgemini's total headcount stood at 324,700 at the end of December, and it has been on a hiring spree in India.

India's mobile subscriber count down by 12.8 mn in Dec 2021: Trai data

Reliance Jio lost about 12.9 million wireless subscribers, and that pulled down its mobile subscriber tally to 415.7 million in December 2021

Future Retail seeks lenders' nod to pay foreign bonds' dues

Future Retail has approached lenders with a plea to allow it to make interest payments of about $ 14 mn on the foreign currency denominated bonds

RIL brings $7 bn forex bonds on India INX in largest listing by pvt firm

The listing includes the $4 billion jumbo bonds raised in January, which was termed as the largest ever foreign currency bond issuance in South East Asia

Settle Hero trademark row via arbitration: Delhi HC to Munjals

The Munjal brothers were entangled in a legal battle to claim ownership of the Hero brand