Page 2240 - Company News

Supply chain visibility player FourKites looks to expand presence in India

The company is credited to have tracked 2.5 mn global shipments daily in 2021 and boasted of ties with 50% of the fortune 500 giants during the year

Toyota dethrones General Motors as top-selling automaker in US for 1st time

For the first time since 1931, Detroit-based General Motors has lost the crown of top-selling automaker in the US, handing over the baton to Japanese giant Toyota Motor

Bombay Shaving Company raises Rs 160 crore from multiple sources

The hair removal brand plans to launch in international markets such as: US, Europe, GCC and Australia.

Sony plans to enter electric vehicle market with new company this year

Japan's Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market

Apple retreats again as valuation tops $3 trillion for second day

Apple Inc's stock market value peaked on Tuesday for a second day above a $3 trillion, but the iPhone maker's shares again failed hold that gain by the session's end.

Samsung likely to report best fourth-quarter profit on solid chip demand

Samsung is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing

Mukesh Ambani's succession plan needs three superstar businesses

Having the family jointly oversee the whole may be a superior option to dividing up oil refining and petrochemicals, telecom and retail assets.

Coal India CMD gets additional charge of finance portfolio

The ministry of coal has entrusted the additional charge of director (finance) to Pramod Agrawal for six months

TCL Electronics clocks revenue of nearly $30 bn in first 3 quarters of 2021

TCL has also ranked number two globally in the TV panel and LCD TV market share

Bandhan Bank collection efficiency ratio increases to 93 pc in December

Loans and advances grew 11 per cent y-o-y to Rs 89,213 crore as on December 31

Thermax bags Rs 545-cr order for 2 flue-gas desulphurisation systems

The project is slated to be completed in 30 months

Setback for Future as Delhi HC rejects pleas to quash Amazon arbitration

Dismisses its plea seeking a direction to SIAC to decide on its application

CCI orders probe against IREL for abuse of dominant position

Competition Commission has ordered a detailed probe against state-owned IREL (India) Ltd, which is into mining and production of minerals, for alleged abuse of dominant position.

Starlink's India head Sanjay Bhargava quits for personal reasons

Earlier, Bhargava had said that the company's target is to have 200,000 terminals across the country by December 2022

Wabtec Corp acquires Masu's rail friction business for $34 million

The acquisition will expand Wabtec's installed base and accelerate growth across its brake product portfolio

Ninjacart buys back ESOPs worth Rs 100 cr after investment from Flipkart

This is the company's second ESOP buyback. Ninjacart had its first buyback in 2019

Airtel Payments Bank gets permission to function as scheduled bank from RBI

Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users

Bharti Airtel drops plan to merge digital assets into listed arm

According to its original plan, Airtel Digital was supposed to fold into the listed entity

IL&FS Group sells stake in ONGC Tripura to GAIL for Rs 319 crore

The 26 per cent stake that IL&FS had in OTPC has been valuated at Rs 1,227 crore for this transaction

Moody's assigns Baa2 rating to Reliance Industries' $5 bn bonds issue

Moody's Investors Service on Tuesday assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds of Reliance Industries Limited (RIL), with stable outlook.