Page 2178 - Company News
Prepaid data hike in India slowed user growth, admits Facebook
In November, leading telecom players Bharti Airtel, Reliance Jio and Vodafone Idea increased prepaid tariff rates by up to 25 per cent
 "Prepaid data hike in India slowed user growth, admits Facebook")
DLF eyes Rs 47,000 cr revenue from 35 mn sq ft new projects in medium term
Realty major DLF Ltd has revised upwards its sales revenue potential by 17 per cent to Rs 47,000 crore
 "DLF eyes Rs 47,000 cr revenue from 35 mn sq ft new projects in medium term")
Future Retail's lenders call for its assets to be put up for auction
Supreme Court did not hand down any decisions on Thursday and said it will hear the matter again in due course
 "Future Retail's lenders call for its assets to be put up for auction")
Tata Power to set up EV charging stations at vehicle zones of Apollo Tyres
Tata Power has partnered with Apollo Tyres to deploy electric vehicle charging stations at the latter's commercial and passenger vehicle zones across India.
 "Tata Power to set up EV charging stations at vehicle zones of Apollo Tyres")
Scatec and ACME put $400 million India solar development on hold
Scatec entered the Indian market last year by partnering with ACME to build the plant in the state of Rajasthan under a 25-year power purchase agreement with Solar Energy Corporation of India (SECI)
 "Scatec and ACME put $400 million India solar development on hold")
Kia India crosses 100,000 cumulative export-mark in less than 2.5 years
Since the beginning of exports till January 2022, the company has shipped a total of 1,01,734 vehicles
 "Kia India crosses 100,000 cumulative export-mark in less than 2.5 years")
Triveni Engineering Q3 profit rises 37%; revenue up at Rs 1,242 cr
Triveni Engineering and Industries Ltd has reported a 37% rise in its consolidated net profit to Rs 130.12 crore for the December 2021 quarter on higher revenue
 "Triveni Engineering Q3 profit rises 37%; revenue up at Rs 1,242 cr")
TCS to expand New Jersey operations; add 1,000 employees by 2023
Tata Consultancy Services said it will expand operations in New Jersey by hiring about 1,000 additional employees by 2023 to meet the growing needs of customers to digitally transform their businesses
 "TCS to expand New Jersey operations; add 1,000 employees by 2023")
CoLearn raises additional $17 mn in Series A follow-on funding round
The funding which brings CoLearn's funding total to $34 million will be deployed to strengthen CoLearn's go-to-market strategy.
 "CoLearn raises additional $17 mn in Series A follow-on funding round")
'Turning point' for Apple in India as iPhone sales rise 34% to record
Sales increased to 2.3 million units in the fourth quarter, up 34% from a year earlier, according to numbers from the market research firm Counterpoint
 "'Turning point' for Apple in India as iPhone sales rise 34% to record")
Cognizant to hire 50,000 freshers in CY22; highest ever for the company
The company ended the year with a total headcount of 330,600, up 14 per cent year-on-year.
 "Cognizant to hire 50,000 freshers in CY22; highest ever for the company")
Tata Steel can acquire NINL without sacrificing rating headroom: S&P
Tata Steel's debt is expected to continue to decline over the next two years, despite the Rs 12,100 crore deployed for the acquisition of NINL
 "Tata Steel can acquire NINL without sacrificing rating headroom: S&P")
Anil Agarwal weighs merger of holding company with cash-rich India unit
The businessman has held preliminary discussions with prospective advisers about the idea of combining Vedanta Resources Ltd. with Vedanta Ltd.
 "Anil Agarwal weighs merger of holding company with cash-rich India unit")
MapmyIndia to acquire 9.9 pc stake in geospatial company Pupilmesh
Digital maps company CE Infosystem, which operates under the MapmyIndia brand, said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh.
 "MapmyIndia to acquire 9.9 pc stake in geospatial company Pupilmesh")
Korean firm Krafton invests $5.4 mn in Indian gaming studio Nautilus
Nautilus currently boasts of more than 100 million downloads and 10 million monthly active users
 "Korean firm Krafton invests $5.4 mn in Indian gaming studio Nautilus")
HDFC stock could see some re-rating following encouraging Q3 show
Strong demand for home loans and improved collection efficiency augur well
 "HDFC stock could see some re-rating following encouraging Q3 show")
Smart Budget Feb 2022: Market responds with a 2.5% surge over two sessions
A 500-company sample of Q3 results, including many of the private sector majors, shows signs of inflation impacts
 "Smart Budget Feb 2022: Market responds with a 2.5% surge over two sessions")
CNN's Zucker resigns after acknowledging relationship with co-worker
CNN President Jeff Zucker resigned abruptly on Wednesday after acknowledging a "consensual relationship" with a co-worker at the leading cable news network
 "CNN's Zucker resigns after acknowledging relationship with co-worker")
For the masses: Google parent Alphabet offers 20-for-1 stock split
Google-owner's sales and profit top analysts' projections for holiday quarter
 "For the masses: Google parent Alphabet offers 20-for-1 stock split")
Maruti Suzuki reports marginal increase in production in January
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it has witnessed a marginal increase in production last month.
 "Maruti Suzuki reports marginal increase in production in January")