Page 2228 - Company News

FreshToHome received nearly one order every second in 2021: Report

Recording an all-time high, nearly one order every second was received by fresh fish and meat e-commerce platform FreshToHome, a new report said on Tuesday.

SC reserves order on allowing Future Group to proceed with Reliance deal

Senior advocate Harish Salve, representing FRL, submitted that company is in a precious financial situation due to pandemic, and if its deal is obstructed, then 30,000 employees may lose their jobs

MCL offers 2.25 mn tonne coal to power consumers via road-cum-rail mode

CIL arm Mahanadi Coalfields Ltd said it has offered 22.5 lakh tonnes of coal to power consumers via the road-cum-rail mode

Tata Teleservices opts for equity conversion; govt may get 9.5% stake

The announcement of Tata Teleservices (Maharashtra) came within hours of Voda Idea also deciding to opt for converting the interest amount on AGR dues into government equity

Maersk reports 43% growth in containerised rail export cargo in 2021

Global container logistics major Maersk India on Tuesday said it has posted 43 per cent growth in the movement of containerised export cargo on the rail in 2021.

M-cap of BSE-listed companies at fresh lifetime high of over Rs 275.2 trn

The market capitalisation of the BSE-listed companies reached a fresh lifetime high of over Rs 275.20 lakh crore on Tuesday, driven by a continuous rally in the equity market

Tata Group to replace Vivo as IPL title sponsor from this year

As per reliable sources, the Tatas will be paying Rs 670 cr for two years of title sponsorship while Vivo will pay Rs 454 cr for termination of contract, which makes it a win-win situation for BCCI

Top headlines: Govt becomes Vi's largest shareholder; IPL gets new sponsor

Business Standard brings you the top headlines on Tuesday

Delhi: DLF sells properties worth Rs 1,500 cr in new luxury housing project

Realty major DLF Ltd said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments.

Women-led DTC cos on the rise, make up 40% of segment on Instamojo: study

Over 500,000 women visited Instamojo website in 2021 inquiring about setting up their business on the e-commerce platform, the report says

Oye Rickshaw plans to deploy over 100,000 e-rickshaws this year

Matrix Partner-backed EV mobility firm Oye Rickshaw on Tuesday said it is planning to deploy over 1,00,000 e-rickshaws and expand operations to 25 new cities by this year.

AI firm Fractal buys cloud and data player Neal Analytics for unknown sum

Founded in 2011, Neal Analytics is a Microsoft Gold Consulting Partner supporting its cross-industry clients, such as PepsiCo and Microsoft, in their data-driven transformation initiatives

Q3 preview: India Inc may see 100-120 bps margin compression, says report

For the first time in as many as 12 quarters, corporate profitability as defined by the Ebitda margin, is likely to drop by 100-120 bps y-o-y and 70-100 bps sequentially in Q3, says Crisil report

Human presence is ultimate connection in Metaverse: Satya Nadella

As Metaverse becomes the new tech buzzword, Microsoft Chairman and CEO Satya Nadella said on Tuesday that human presence is the ultimate connection as the digital and physical worlds come together

Supreme Court reserves verdict on pleas of Future Group firms

The apex court has been hearing pleas including the fresh petition of Future Group against the Delhi High Court's recent order declining its plea for stay on an arbitration tribunal decision refusing

Crib raises $400,000 in its pre-seed round to build the super co-living app

Headquartered in Gurugram, Crib is building India's first digital ecosystem aimed at redefining how landlords operate, tenants stay and market sells.

Graphic chip firm Nvidia acquires HPC software company Bright Computing

Graphic chip giant Nvidia has acquired Bright Computing, a leader in software for managing high performance computing systems used by more than 700 organisations worldwide, for an undisclosed sum.

Nokia to exceed 2021 guidance with help from venture fund investments

Finnish telecoms equipment maker Nokia on Tuesday said it expected to exceed its 2021 earnings guidance, with its venture fund investments driving the boost.

Aurobindo Pharma arm CuraTeQ expands scope of distribution pact with Orion

Aurobindo Pharma on Tuesday said its subsidiary CuraTeQ Biologics has expanded the scope of its marketing and distribution agreement with Orion Corporation (Orion)

Tencent to acquire Xiaomi-backed Black Shark for $470mn: Report

Tencent Games, the world's largest gaming company with hits like PUBG: Mobile and Arena of Valor, is reportedly planning to acquire Xiaomi's BlackShark Gaming division