Page 2265 - Company News

Q3FY22 likely to be weak for cement cos, but prospects look good thereafter

Cement demand has not picked up after the festive season, and sales volumes in Nov 2021 are 18-20% lower than Oct 2021 levels, which is far lower than the historical average of 6%

WhatsApp steps out on front foot to push payments feature

The company said that it has launched a pilot programme of adopting 500 villages to familiarise villagers with digital payments

Welspun India and Birlasoft rewarded investors by doubling wealth in 2021

Shares of Welspun India rose from Rs 68 at the start of the year to Rs 142 at Wednesday's close

upGrad KnowledgeHut eyes annual revenue run rate to reach Rs 300 cr by Mar

A study commissioned by Amazon India in September 2021 revealed that nearly 51 per cent of job-seeking adults wanted to pursue opportunities in industries in which they had negligible or no experience

PGCIL board approves interim dividend of Rs 7 per Rs 10 share for 2021-22

According to the filing, the interim dividend shall be paid to the members on January 11, 2022

Amazon crosses 1 mn sellers mark in India; 450,000 added since Jan 2020

Amazon India on Wednesday said it now has over 10 lakh sellers on its platform with more than 4.5 lakh new merchants joining the platform in the past two years.

Drug major Cipla to acquire 33% stake in Clean Max Auriga Power

Post-acquisition, Clean Max Auriga Power LLP will become an associate of Cipla

Govt announces scheme for digital transactions using UPI, RuPay debit cards

Financial outlay for one year is Rs1,300 cr

UBS clarifies it remains committed to India as advisory services move

Bloomberg on Wednesday reported that UBS planned to shut its global banking office in India and move investment banking coverage for the country offshore

Medical device, pharmaceutical units in NCR allowed to use diesel gensets

Eight sectors/areas are allowed to use diesel gensets as an exception in the National Capital Region (NCR)

ICICI Prudential signs United Nations Principles of Responsible Investing

The insurer says this demonstrates its commitment towards Environment, Social and Governance issues

TVS, BMW Motorrad expand co-operation for future technologies, EVs

The first product from this partnership will be showcased in the next 24 months, TVS said

Japan's Osaka Gas plans to enter India's city natural gas market

The Japanese city gas supplier aims to supply natural gas to vehicles, homes and industries in India, using lorries and pipelines

Jio, WhatsApp signal a deeper embrace in online retail and digital payments

Slated for launch in 2022, JioMart's conversational e-commerce push on WhatsApp will serve up catalogues from merchants and allow users to order essentials both on demand and as subscriptions

Jio users can recharge their subscriptions via WhatsApp from 2022

Jio Platforms Director Isha Ambani noted that the feature will make the process of recharging simple

SC upholds Delhi govt's decision to issue 4,261 new permits only to e-autos

Residents of Delhi are badly affected by the air pollution, undoubtedly a part of which is contributed by vehicles, says SC while dismissing Bajaj Auto's plea

NTPC awards India's first green hydrogen-based microgrid project

Govt says it would be useful for studying and deploying multiple microgrids in various off grid and strategic locations of the country

Maini Precision Products files papers with Sebi to raise funds via IPO

Maini Precision Products has filed preliminary documents with capital markets regulator Sebi to raise up to Rs 900 crore through an initial share-sale.

Italy's insurer Generali to return up to $7 bn to investors under new plan

Italy's top insurer Generali on Wednesday pledged to return up to 6.1 billion euros ($7 billion) in dividends and buybacks to shareholders

Ex-Twitter India head Manish Maheshwari quits, to join education venture

Former Twitter India Head Manish Maheshwari has quit the company to work on an ed-tech venture.