Page 2212 - Company News

Street upgrades earnings, target prices of TCS, Infosys

Upsides for Wipro is least among the three IT majors

Flipkart Group acquires electronics recommerce firm Yaantra for unknown sum

Incorporated in 2013, Yaantra is a leading brand that repairs and sells refurbished consumer tech products such as smartphones and laptops

Foundation PE buys Limited Partner stake in Prime Venture Partners' Fund 1

With this, Prime VP has delivered a healthy, top-decile return to its Limited Partners in 9th year of operation and has further extended the fund by four years

Steel firms expect higher offtake from auto in Q4 after weak show earlier

It isn't clear how soon the chip shortage will get sorted, but analysts expect a gradual easing of constraints. Over a two-year timeframe, strong growth is expected from CVs and PVs

Tesla isn't in India yet due to 'challenges with govt', says Elon Musk

Disagreements over a local factory and the country's import duties of as much as 100% have led to an impasse between the company and the administration.

Future-RIL deal: NCLAT agrees to hear Amazon's appeal against CCI

But the appellate tribunal has refused Amazon interim relief in plea against CCI order on Future deal.

RIL to invest Rs 5.95 trn in Gujarat for green energy, other projects

The MoU entails an investment of Rs 5 trn in Gujarat over the next 10-15 years for setting up a 100 Gw Renewable Energy Power Plant and Green Hydrogen Eco-System

Motherson Sumi eyes 25% revenue from non-automotive business in next 5 yrs

The company has recently received nod from the NCLT for the group's restructuring

Mindtree Q3 profit up 34% YoY to Rs 438 cr, rises 9.7% sequentially

Attrition for the quarter rose to 21.9%, from 17.7% the preceding quarter

Vedanta puts $12-bn price tag on privatisation-bound Bharat Petroleum

Vedanta chairman Anil Agarwal expects India to open the bids for BPCL in March

Housing finance co, 8 NBFCs surrender certificates of registration to RBI

The eight NBFCs too cannot carry out the business of non-banking financial institutions

State Bank of India raises $300 million of Regulation S Formosa bonds

Formosa bond is a bond issued in Taiwan

Braithwaite & Co aims at Rs 2,500 crore revenue, IPO by FY26

The PSU company under the administrative control of the Ministry of Railways is expecting to touch Rs 700 crore topline

2021 record year for Indian tech investments, Bengaluru in world's top 5

The analysis conducted jointly by London & Partners and Dealroom.Co found that Bengaluru continued to lead India's tech charge

Tata Teleservices stocks hit 5% lower circuit for 2nd straight session

Shares of Tata Teleservices have hit the 5% lower circuit for the second consecutive session as the company decided to opt for conversion of the interest from AGR dues into equity

'Guidelines for telcos' dues conversion into equity likely in a month'

'DIPAM is likely to work on the details and then send it to the Department of Telecom. The process should not take more than a month,' says a senior government official

TSMC to invest record $44 billion on chip capacity expansion in 2022

For the October-December period, TSMC's net profit reached a record NT$166.23 billion

Microsoft reportedly discontinues manufacturing all Xbox One consoles

As per the report, the company seems able to meet the demand for the $299 Xbox Series S, though

Paytm Payments Bank leads UPI beneficiary chart with 926 mn transactions

Paytm Payments Bank has emerged as the biggest receiver of UPI amount with 926.17 million transactions while public sector bank SBI topped the chart of being the biggest remitter in December

Sanofi India Managing Director Rajaram Narayanan resigns

Drug firm Sanofi India on Thursday said its Managing Director Rajaram Narayanan has put in his papers