Page 2187 - Company News

Venture Catalyst launches Beams Fintech Fund with $100 mn target size

Founding team is already in advanced stages of its first close and is even making a few investments

Airtel Africa enters into UK's FTSE 100 Index from Jan 31

Airtel Africa listed on the London Stock Exchange in June 2019. The company commands a market capitalisation of close to $8 billion

Tata Sons chairman N Chandrasekaran calls on PM ahead of Air India handover

Tata Sons chairman N Chandrasekaran called on Prime Minister Narendra Modi on Thursday ahead of the official handover of Air India to the Tata Group.

NTPC invites bids to set up 3GW energy storage facility in India

NTPC's arm, NTPC Renewable Energy Ltd (NREL), has invited bids for selection of developers for inter-state transmission system (ISTS)-connected energy storage facility of 3,000 MW capacity

Tatas to focus on improving Air India's On-Time-Performance: Report

There will be changes in seating arrangements and also the dress of the cabin crew, say sources

Larsen & Toubro Infotech, IIT Madras partner to innovate in 5G space

As part of this partnership, the two will promote research towards the development of a low-cost, low-frequency 5G network set-up for better connectivity in rural India

Airtel Payments Bank customers' deposit surges 75% to Rs 1,000 cr in 2021

Money deposited with Airtel Payments Bank surged 75 per cent to Rs 1,000 crore in 2021 as compared to the previous year, a top company official said.

USFDA pulls up Aurobindo Pharma for manufacturing lapses at API plant

The US Food and Drug Administration (USFDA) has issued a warning letter to Aurobindo Pharma for violating current good manufacturing practice norms at its Telangana-based plant.

Air India's control to be handed over, Tata Sons Chairman in Delhi

The management control of national carrier Air India is set to be handed over to a subsidiary of Tata Sons.

NCLAT asks CoC to consider 63 moons' plea in DHFL Resolution Plan

The NCLAT on Thursday ordered the petition to be considered by the Committee of Creditors (CoC).

Japan's home medical support company Human Life Management acquires Care24

HLM has been a prime investor in Care24 for the past two years and holds multiple businesses in healthcare and other sectors.

Essar, Progressive Energy to set up $1.3 billion hydrogen hub in UK

The joint venture, Vertex Hydrogen, will produce 1 gigawatt (GW) of hydrogen per year from two units from 2026, Essar said

Sun Pharma launches dry eye treatment product in Canada

This launch is an important milestone for the drugmaker as it expands its ophthalmics portfolio into Canada, the firm said

Software group SAP to buy majority stake in US fintech firm Taulia

SAP, which provides some of the supply-chain financing through its Ariba brand, said acquisition of Taulia will help the company remove the limited growth rates for its own products

Stage set for handover of Air India to Tatas as govt notifies agreement

The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore

Spotify removing Neil Young's music after his Joe Rogan ultimatum

Young had released a letter demanding that Spotify no longer carry his music because he said Rogan spreads misinformation about Covid-19 vacine

Apple plans a new feature that will turn iPhone into a payment device

It's unclear whether the payment acceptance option will be branded as part of Apple Pay

LG Energy Solution jumps in debut to become S Korea's second-most valuable

LGES shares opened at 597,000 won versus an IPO price of 300,000 won. But the shares fell as much as 25% in early trading

Future to sell 25% stake in insurance JV to Generali for Rs 1,253 cr

International company has the option to acquire the remaining interest of the debt-ridden Indian group in the general insurance business.

It's a struggle to balance cost vs selling price: Prestige Estates MD

Prestige Estates Projects saw its sales bookings jump twofold to a record Rs 4,267.6 crore in the third quarter of financial year 2021-22 (Q3FY22)