Page 2220 - Company News
Telcos seek refund of Rs 35K cr input tax credit, GST waiver on licence fee
The telecom sector wants the government to suspend universal service obligation fund (USOF), which financially supports rollout of telecom services in the rural area
 "Telcos seek refund of Rs 35K cr input tax credit, GST waiver on licence fee")
Fresher hiring at HCL Technologies to touch 20,000-22,000 this fiscal
HCL Technologies Chief Human Resources Officer Apparao V V said the company has already added 17,500 freshers as of January 10
 "Fresher hiring at HCL Technologies to touch 20,000-22,000 this fiscal")
Looking forward to rollout of India's national retail policy: IKEA
In its Budget wishlist, IKEA India also called for reduction of GST rates "on products that are basic to life at home"
 "Looking forward to rollout of India's national retail policy: IKEA")
Gross office space leasing up 16% in 2021 across top 9 cities: CBRE
Gross office space leasing across nine major cities rose 16 per cent to 41.1 million square feet during the last year, driven mainly by higher demand in Hyderabad, real estate consultant CBRE said
 "Gross office space leasing up 16% in 2021 across top 9 cities: CBRE")
Top headlines: RIL to invest Rs 5.9 trn in Gujarat; BPCL gets a price tag
Business Standard brings you the top headlines on Thursday
 "Top headlines: RIL to invest Rs 5.9 trn in Gujarat; BPCL gets a price tag")
Glenmark gets FDA approval for nasal spray for seasonal allergic rhinitis
Glenmark Pharmaceuticals Limited said its subsidiary Glenmark Specialty S.A. has received US FDA approval for nasal spray fixed dose prescription drug for seasonal allergic rhinitis Ryaltris.
 "Glenmark gets FDA approval for nasal spray for seasonal allergic rhinitis")
Meta faces $3.1-bn class action lawsuit in UK for exploiting users' data
Meta is facing a $3.1 billion class-action lawsuit in the UK over allegedly abusing its market dominance and if lawsuit succeeds British Facebook users could receive a $68 payout each.
 "Meta faces $3.1-bn class action lawsuit in UK for exploiting users' data")
India Inc lauds PM's resolve to protect livelihood, economy amid Covid-19
India Inc has applauded Prime Minister Narendra Modi's resolve to protect the livelihood of the common people and economic activities amid the surge in Covid-19 cases.
 "India Inc lauds PM's resolve to protect livelihood, economy amid Covid-19")
Hero MotoCorp expands operations in El Salvador, opens new flagship store
Hero MotoCorp on Friday said it has expanded operations in El Salvador with the commencement of retail sales at a newly opened flagship outlet in the country's capital city San Salvador.
 "Hero MotoCorp expands operations in El Salvador, opens new flagship store")
REC raises $1,175 million from a consortium of seven banks
State-owned REC has raised USD 1,175 million from a consortium of seven banks.
 "REC raises $1,175 million from a consortium of seven banks")
JSW Infra raises $400 mn in maiden bond issue from international investors
Sajjan Jindal-led JSW Group's port development arm on Friday announced a USD 400 million fundraise through a bond issue from international investors.
 "JSW Infra raises $400 mn in maiden bond issue from international investors")
Aditya Birla Fashion to buy 51% stake in House of Masaba for $12.14 million
ABFRL picked up a 51% stake in luxury wedding wear brand Sabyasachi in January last year, while Reliance Retail bought 52% of designer label Ritu Kumar in October
 "Aditya Birla Fashion to buy 51% stake in House of Masaba for $12.14 million")
Tesla removes dates about Cybertruck production from its website
Elon Musk-owned electric vehicle company Tesla has reportedly removed the dates about Cybertruck production from its website.
 "Tesla removes dates about Cybertruck production from its website")
Has IPO-bound travel tech major OYO regained trust of its hotel partners?
As OYO prepares for its public listing, the continued satisfaction of its hotel partners and winning back dissatisfied partners will play a key role in determining how its business performs.
 "Has IPO-bound travel tech major OYO regained trust of its hotel partners?")
Indian mobility tech startup EVage raises $28 mn from US-based VC firm
EVage on Friday said it has raised $28 million from US-based venture capital firm RedBlue Capital.
 "Indian mobility tech startup EVage raises $28 mn from US-based VC firm")
Amazon brand startup Thrasio to invest $500 for India e-commerce expansion
The company and its peers buy out small merchants and plan to use their retail expertise to turn the acquisitions into global brands.
 "Amazon brand startup Thrasio to invest $500 for India e-commerce expansion")
S Korea's LG Energy Solution plans US battery JV with Honda: Report
The potential battery JV between LGES and Honda could cost as much as 4 trillion won ($3.4 billion) and have an annual production capacity of up to 40 gigawatt hours (GWh) of batteries
 "S Korea's LG Energy Solution plans US battery JV with Honda: Report")
Longest drought for overseas equity offerings since liberalisation
No overseas equity capital market issues have been seen in the last three years
 "Longest drought for overseas equity offerings since liberalisation")
Tata Sons, Tata Investment Corporation to participate in TCS buyback offer
the TCS Board had approved an upto Rs 18000 crore buyback offer entailing 4 crore shares at Rs 4,500 apiece
 "Tata Sons, Tata Investment Corporation to participate in TCS buyback offer")
5G will not boost ARPU at once, Voda Idea tells telecom regulator
VIL also pointed out that a similar trend was seen when Indian telcos shifted from 3G to 4G in FY 2016
 "5G will not boost ARPU at once, Voda Idea tells telecom regulator")