Page 2153 - Company News

Vivo to invest Rs 3.5k cr in India by 2023, to start export devices in 2022

Smartphones maker Vivo plans to invest Rs 3,500 crore in two years to boost its manufacturing facility and start exporting devices from India this year, a senior company official said on Wednesday.

Future group's arm defaults on debenture repayments in February

The principal covered deferred installment of Rs 9 .41 crore and the February installment of Rs 11. 76 crore, the company said in an exchange filing.

Mankind Pharma acquires two derma and respiratory brands from Dr Reddy's

Mankind Pharma to take over manufacturing, marketing and distribution of both products in India; entire integration and transition of the brands likely to be completed by March

Challenge now for Indian e-commerce is to widen spending base:Mukesh Bansal

Curefit and Myntra founder adds that Tata is one of the most well-known brands with several consumer brands, and is about bringing these assets together

Air India growth vision: Tatas to spend on new planes, tech, go for revamp

He added that the group would also ensure that Air India becomes a financially strong company

Tata Sons to infuse additional Rs 2,420 crore in Tata Tele by March

Tata Sons, the holding company of the Tata group, will infuse an additional Rs 2,420 crore in its loss-making unlisted subsidiary, Tata Teleservices

Didn't fulfil expectations; addressing gaps on war footing: Vistara CEO

Admitting that Vistara fell short of customers' expectations in the last few months, its Chief Executive Officer Vinod Kannan has said the airline is addressing some of the gaps on a war footing while many changes and enhancements are in the offing.

LIC IPO: Govt plans to tap around 180 investors in mega roadshows

As many as nine virtual roadshows being held daily over 20-day period

Uniphore raises $400 million in Series E funding at $2.5 bn valuation

The round brings the Chennai and Palo Alto-based start-ups's total funding to date to $610 million

Udaan extends ESOPs to all staff, removes 1-year cliff clause for vesting

All future ESOP allocations at the B2B e-commerce start-up Udaan, will vest every quarter. The one year cliff period is a widely prevalent industry practice for employees' ESOPs to start vesting.

Google announces privacy sandbox to limit data sharing for ads on Android

In what seemed like a jibe at Apple's privacy policy, search engine giant said other platforms have bluntly restricted tech used by advertisers and developers

Hemant Kanoria moves NCLT for setting aside KPMG audit at SREI

Jan 19 application filed by Kanoria cited an issue of parallel auditing in the wake of CIRP (corporate insolvency resolution process) in SREI

Ex-Goldman Sachs banker testifies 1MDB scheme a 'house of cards'

A former top banker at Goldman Sachs testified that he and other corrupt executives at the firm built a house of cards that was doomed to fall to try to conceal an audacious scheme

Govt to initiate investor outreach for IDBI Bank sale from Feb 25

The roadshows for the strategic disinvestment of IDBI Bank will be held virtually as investors are not keen on physical meetings due to pandemic fears.

BioNTech unveils new mobile vaccine factories for developing world

Germany's BioNTech has developed a vaccine factory made from shipping containers that it plans to ship to Africa

VIL demonstrates 5G 'Voice over New Radio' capability during trials

Vodafone Idea Ltd said it has successfully demonstrated 5G Voice over New Radio (VoNR) capability with its technology partner Nokia, during the 5G trials currently underway in Gandhinagar, Gujarat.

IndiGo to seek shareholders' nod for Rahul Bhatia's appointment as MD

InterGlobe Aviation will seek shareholders' approval for appointment of co-founder Rahul Bhatia as the Managing Director

Companies must pursue innovation, focus on becoming sustainable: Wipro CEO

Companies must put efforts to innovate and reinvent their approach while focusing on becoming more efficient, sustainable, and responsible in this decade of technology, says Thierry Delaporte.

Wipro signs a 5-yr $150-mn strategic engagement deal with ABB Info System

ABB is a leading global technology company that energises the transformation of society and industry to achieve a more productive, sustainable future

Regional airline TruJet says talks on with investor after grounding flights

TruJet says it is in final stage of discussion with a potential investor who is funding $25 mn within next few days