Page 2242 - Company News

Green energy capex on a charged-up rebound, says CRISIL analysis

Credit profiles seen stable, given strong accruals and investor interest

Cryptocurrency exchange WazirX under lens for evading Rs 40 crore in taxes

According to the CBIC, the matter relates to WazirX launching its own currency, but not paying GST on it.

Former US head of Sony PlayStation launches $225 million gaming SPAC

Jack Tretton, who started his career at Sony in 1995, is now the CEO of PowerUp Acquisition Corp.

Showing its mettle: Multiple tailwinds for Hindalco stock in 2022

Firm prices, deleveraging, and supply cuts by peers among triggers

Tech Mahindra acquires 100% stake in Allyis India and Green Investments

The company, in a BSE filing, said that the $125 mn acquisition will bolster Tech Mahindra's capabilities in digital experience solutions.

Reliance Industries arm acquires battery tech firm Faradion for GBP 100 mn

RIL will use Faradion's state-of-the-art technology at its proposed fully integrated energy storage giga-factory as part of the Dhirubhai Ambani Green Energy Giga Complex project in Jamnagar

Zomato, Swiggy hit 2 mn orders each on New Year's Eve as India stays home

Zomato logs 6,000 orders per minute at around 7pm; Swiggy says it hit 6,600 orders per minute.

Foxconn gets TN govt's approval to restart operations at Sriperumbudur unit

At least 260 people got affected and around 159 had got hospitalised early this month after an incident of food poisoning at one of the staff hostels of the Foxconn unit

CCI orders investigation into Apple's business practices in India

The complainant argued that Apple's imposition of a 30% in-app fee for distribution of paid digital content and other restrictions hurts competition by raising costs for app developers and customers

ICICI Prudential MF silver ETF to open for subscription next week

The new fund offer (NFO) will open for subscription on January 5 and conclude on January 22

Irdai directs Go Digit to withdraw product offering life insurance benefits

The Insurance Regulatory and Development Authority of India (Irdai) also asked the insurer to wthdraw advertisements regarding the product from all media

Agaamin to launch Indian internet domain with smart name '.bha'

Agaamin means 'future' in Sanskrit, and the founder Sajan Nair said the Indian internet that he is launching can go a long way in "bridging the digital divide

Two 'foreign-controlled' mobile companies can be fined Rs 1k cr: I-T Dept

I-T Dept's remarks came after searches were carried out on December 21 across country

Ujjivan Small Finance Bank raises interest rates on FDs of up to Rs 2 cr

The new rates come into effect from December 31, 2021

HUL assures distributors of product supply after they warn of protests

Distributors in Maharashtra say will they stop taking up the company's products from January 1.

Cadila Healthcare's US arm receives FDA nod to market Pimavanserin capsule

The group now has 325 approvals and has so far filed over 400 abbreviated new drug applications (ANDAs) since the commencement of the filing process in FY 2003-04, it added

Sri Lanka, Indian Oil Corp unit to sign oil tank restoration deal

The island nation is facing dwindling foreign exchange reserves and has nearly $4.5 billion worth of debt repayments in 2022, prompting it to look at innovative ways to bring in foreign exchange

All Ola S1, S1 Pro electric scooters from first batch dispatched: CEO

After facing a long wait owing to production-related delays caused by global chip shortage, Ola Electric revealed that it has dispatched all units of its S1 and S1 Pro electric scooters to customers

Tech Mahindra to acquire 100% stake in Allyis India, Green Investments

Tech Mahindra said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to $125 million.

Reliance New Energy Solar Ltd to acquire UK's battery firm Faradion

Reliance New Energy Solar Ltd (RNESL) has signed definitive agreements to acquire UK-based sodium-ion battery techn company Faradion for an enterprise value of GBP 100 million, both companies said