Page 2213 - Company News
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
 "Tata Teleservices stocks hit 5% lower circuit for 2nd straight session")
'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
 "'Guidelines for telcos' dues conversion into equity likely in a month'")
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
 "TSMC to invest record $44 billion on chip capacity expansion in 2022")
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
 "Microsoft reportedly discontinues manufacturing all Xbox One consoles")
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
 "Paytm Payments Bank leads UPI beneficiary chart with 926 mn transactions")
Sanofi India Managing Director Rajaram Narayanan resigns
Drug firm Sanofi India on Thursday said its Managing Director Rajaram Narayanan has put in his papers
 "Sanofi India Managing Director Rajaram Narayanan resigns")
TheMathCompany raises $50mn in investments led by Brighton Park Capital
The minority investment will speed up firm's expansion in US and EU, enhance its next-gen proprietary platform Co.dx, which drives value for businesses through analytics at speed and scale
 "TheMathCompany raises $50mn in investments led by Brighton Park Capital")
Tata Motors global wholesales sees 2% rise to 285,445 units in Q3
Tata Motors on Thursday reported a 2 per cent year-on-year increase at 2,85,445 units in group global wholesales, Jaguar Land Rover, for the third quarter of FY22.
 "Tata Motors global wholesales sees 2% rise to 285,445 units in Q3")
Sugar Cosmetics' parent company picks up majority stake in ENN Beauty
Deal value not disclosed. With it, ENN Beauty will be able to leverage a digital audience of over 50 mn as it ramps up its retail presence to over 100 outlets by next fiscal
 "Sugar Cosmetics' parent company picks up majority stake in ENN Beauty")
LEAD becomes first edtech unicorn of 2022, raises $100 mn in Series E round
The company plans to use the proceeds to achieve its vision of providing quality affordable education to more than 25 mn students with an annual revenue run-rate of $1 bn
 "LEAD becomes first edtech unicorn of 2022, raises $100 mn in Series E round")
Group Meeran invests Rs 4.5 cr in online logistics company ShipNext
ShipNext has launched 'WeTruck' and 'WeTruck Partner,' which claim to be India's first mobile applications for long-haul logistics customers and service providers
2 bn units of renewable energy procured for aluminium smelter: Vedanta
Vedanta on Thursday said it has procured about 2 billion units of renewable energy through power exchanges for its aluminium smelter located in Jharsuguda, Odisha.
 "2 bn units of renewable energy procured for aluminium smelter: Vedanta")
HFCL chooses CommAgility as its key technology partner
HFCL is investing in building a complete portfolio of products for 5G Radio Access Network and 5G Transport
Health-tech company HCAH raises Rs 112 cr from ABC World Asia
HCAH will use this investment to build presence in physical rehabilitation and recovery space through its service range of home ICU, in-patient rehab in transition care centres, digital and home rehab
 "Health-tech company HCAH raises Rs 112 cr from ABC World Asia")
NCLAT to hear Amazon plea challenging CCI order in Future deal on Feb 2
The appellate tribunal has directed the Competition Commission of India and FCPL to file their reply in next 10 days and Amazon to file a rejoinder over it.
 "NCLAT to hear Amazon plea challenging CCI order in Future deal on Feb 2")
TVS Motor Company, Swiggy join hands for food delivery on electric vehicles
TVS said in a statement that the partnership highlights its commitment to strengthen electrification across diverse mobility segments
 "TVS Motor Company, Swiggy join hands for food delivery on electric vehicles")
Yara and Lantmaennen to launch 'fossil-free' fertilisers in Sweden
Norway's Yara and Sweden's Lantmaennen will next year introduce products that could eventually become the world's first fossil-free nitrogen fertilisers, the companies said
 "Yara and Lantmaennen to launch 'fossil-free' fertilisers in Sweden")
Apple's 2021 sales in South Korea soar 24% to top $5.97 billion
Apple Korea's sales jumped 24 per cent on-year to hit $5.97 billion last year, a new data showed on Thursday
 "Apple's 2021 sales in South Korea soar 24% to top $5.97 billion")
ORAI raises Rs 6.5 crore in pre-series A funding round led by IPV
ORAI is a platform that offers customers end to end platform + solution + service.
 "ORAI raises Rs 6.5 crore in pre-series A funding round led by IPV")
Chip firm TSMC Q4 profit rises 16.4% to a record, beats market forecasts
TSMC posted a 16.4% rise in quarterly profit to a record, thanks to robust global demand for semiconductors
 "Chip firm TSMC Q4 profit rises 16.4% to a record, beats market forecasts")