Page 2156 - Company News

After Glance, InMobi's Roposo to enter business deal with Reliance Retail

InMobi's social media arm Roposo is in discussions with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said

IBM announces acquisition of US-based Neudesic; adds to India presence

IBM has stated that it will be focusing on hybrid cloud play which it says is a $200 billion opportunity

Lenders expect to close Jaypee Infratech's debt resolution by March

Firm likely to go to Suraksha Realty, which made winning bid of Rs 7,736 crore as against govt-owned NBCC India's Rs 6,536 crore offer last June

Initiate next generation reforms to improve ease of doing biz: FM asks Sebi

The minister's remarks come against the backdrop of the Federal Reserve deciding to tighten its monetary policy after a long period of easy money regime

Glencore sets aside $1.5 bn for probes into bribery, market manipulation

Glencore expects to resolve probes into bribery and market manipulation in 2022

Ride-hailing giant Didi to cut up to 20% jobs before Hong Kong listing

Chinese ride-hailing giant Didi Global plans to reduce its overall headcount by as much as 20 per cent

LIC appears to be ill-equipped to handle new dynamics of insurance market

LIC identifies the problems well in its DRHP but what the markets will watch is how nimble it is with the solutions

Tencent-backed Sea's $16-bn crash signals trouble beyond India shutout

Sea Ltd. lost more than $16 billion of value in its biggest daily market drop after India abruptly banned its most popular mobile gaming title

Intel acquires Israeli chip maker Tower Semiconductor for $5.4 bn

Chip-maker Intel confirmed it is acquiring Israeli contract chip manufacturer Tower Semiconductor for approximately $5.4 billion.

Infosys BPM plans to hire 400 skilled workers in Costa Rica

Infosys BPM in Costa Rica currently has a skilled workforce of more than 300 people

Yes Bank launches start-up enabler programme for food and agri sector

Yes Bank has launched a programme for digital financing solutions in the food and agriculture sector under its start-up enabler initiative

Cement maker ACC commissions 1.6-MTPA grinding unit at Tikaria in UP

Cement maker ACC Ltd on Tuesday announced the commissioning of a 1.6-MTPA grinding unit (GU) at Tikaria in Uttar Pradesh.

UAE-based Lulu group to invest Rs 400 cr to set up food park in Kerala

The UAE-based retail major Lulu Group on Tuesday said it will invest Rs 400 crore to set up food park in Kerala.

Capital A launches $ 10-million fund to boost EV ecosystem in India

Capital A, a venture fund for seed to early-stage meaningful start-ups, on Tuesday announced the launch of a USD 10-million cleantech fund that will be utilised for funding electric vehicles

LIC policyholders must update PAN details by Feb 28 to participate in IPO

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March

IT company Hexaware Tech to add 10,000 more to headcount in 2022

Hexaware had hired 10,000 people both from campuses and laterals in 2021 -- taking its headcount to 25,000 from 15,000 in 2020

WhatsApp may allow users to add Facebook-like cover photo to profile

The ability to set cover photos is currently under development for WhatsApp Business Accounts

IndiGo to upgrade navigation technology with NAVBLUE in its A320 aircraft

NAVBLUE is into flight operations and air traffic management solutions

More capital support to IDBI Bank may have adverse impact on LIC: DRHP

LIC had infused Rs 4,743 crore into IDBI Bank on October 23, 2019 using policyholders' funds while the bank further raised Rs 1,435.1 crore in Dec. 2020 by way of a qualified institutional placement

Blackstone bets on hunger for urgent delivery in Europe in $24-bn deal

Rather than list or seek a private sale, the US investor is opting to recapitalise Mileway, Europe's largest owner of last-mile logistics