Page 2266 - Company News
Skoda Auto Volkswagen India announces resignation of MD Gurpratap Boparai
Auto maker Skoda Auto Volkswagen India on Wednesday said its Managing Director Gurpratap Boparai has resigned from the company with effect from January 1, 2022.
 "Skoda Auto Volkswagen India announces resignation of MD Gurpratap Boparai")
Bengaluru-based Third Wave Coffee raises $6 mn in Series A funding round
The Series A funding comes just months after the start-up closed its pre-Series A funding round in April from a clutch of investors.
 "Bengaluru-based Third Wave Coffee raises $6 mn in Series A funding round")
Ex-Netflix executive gets 2.5 years in prison for accepting tech bribes
A former Netflix executive was sentenced Tuesday to 2 and 1/2 years in federal prison for taking bribes and kickbacks from tech companies to approve lucrative contracts with the streaming giant.
 "Ex-Netflix executive gets 2.5 years in prison for accepting tech bribes")
Corp Affairs Ministry giving more leeway for firms to hold AGMs virtually
The corporate affairs ministry on Tuesday provided more leeway for companies in terms of holding annual general meetings in virtual mode.
 "Corp Affairs Ministry giving more leeway for firms to hold AGMs virtually")
Tata puts 'key focus' on beauty business as startups blaze the trail
India's cosmetics and beauty market is estimated to nearly double by 2025 from $11 billion in 2017, aided in good measure by online retailers.
 "Tata puts 'key focus' on beauty business as startups blaze the trail")
Adani Green inks agreement with SECI to supply 4,667 MW green power
The AGEL-SECI agreement to supply 4,667 MW is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020
 "Adani Green inks agreement with SECI to supply 4,667 MW green power")
Norwest Venture Partners announces closure of $3 bn fund NVP XVI
Total capital under management at $12.5 bn; last fund NVP XV was raised in 2019 with a corpus of $2 bn
 "Norwest Venture Partners announces closure of $3 bn fund NVP XVI")
Distributors write to FMCG companies for the second time on price parity
According to a distributor, Marico has proposed to sell different packs in the traditional trade and organised B2B trade channels
 "Distributors write to FMCG companies for the second time on price parity")
Tata Group in talks with Taiwan companies to make chips in India
Indian conglomerate has a captive requirement for semiconductors
 "Tata Group in talks with Taiwan companies to make chips in India")
BS Awards: Be agile, adapt, says India Inc as change becomes a constant
The India Inc leaders, winners of the Business Standard Awards: Celebrating Excellence, were speaking at the 22nd edition of the awards held online
 "BS Awards: Be agile, adapt, says India Inc as change becomes a constant")
Lenders relieved as Vodafone Idea repays bondholders Rs 1,500 cr on time
Firm is now in the process of extinguishing bonds with the depositories; Next tranche of forex bonds worth Rs 1,055 cr are maturing on Dec 31, and another Indian currency bond matures Jan 4
 "Lenders relieved as Vodafone Idea repays bondholders Rs 1,500 cr on time")
Netflix cuts fees for all plans in India, moves to expand in country
Flagship basic subscription reduced from Rs 499 to Rs 199 and that for premium users is cut to Rs 649.
 "Netflix cuts fees for all plans in India, moves to expand in country")
Aditya Birla Fashion and Retail to take over Reebok's operations in India
This deal marks ABFRL's foray into India's fast-growing sports and activewear segment
 "Aditya Birla Fashion and Retail to take over Reebok's operations in India")
ITC discusses demerger possibilities at first-ever investor meet
ITC chairman Sanjiv Puri doesn't rule out listing infotech business and said the board is open to creating value for non-cigarettes FMCG business
 "ITC discusses demerger possibilities at first-ever investor meet")
Honasa, parent company of Mamearth and The Derma, offers ESOPs to all staff
Has distributed stocks worth Rs 20 cr in addition to ESOPs allocated earluer. The stock-based value creation will be a top-up component over and beyond the employee CTC
 "Honasa, parent company of Mamearth and The Derma, offers ESOPs to all staff")
Rebel Foods plans to invest $150 mn to acquire, scale new food brands
Rebel Foods, which runs chain of internet restaurants, on Tuesday said it plans to invest $150 million (nearly Rs 1,140 crore) to acquire and scale new food brands in India and globally.
 "Rebel Foods plans to invest $150 mn to acquire, scale new food brands")
Zomato appoints Anjalli Ravi as CSO, Nitin Savara as Deputy CFO
Savara who was earlier a Partner at EY, will work with Zomato CFO Akshant Goyal
 "Zomato appoints Anjalli Ravi as CSO, Nitin Savara as Deputy CFO")
Glenmark arm nets Rs 180 cr in licensing deal for autoimmune antibody
ISB 880 has the potential to treat underserved patients across a range of autoimmune dermatological diseases
 "Glenmark arm nets Rs 180 cr in licensing deal for autoimmune antibody")
Jio tops 4G download speed chart, Voda Idea in upload speed in Nov: Trai
Jio network recorded around 10 per cent rise in average 4G data download speed while speed on VIL and Airtel network increased 8.9 per cent and 5.3 per cent respectively
 "Jio tops 4G download speed chart, Voda Idea in upload speed in Nov: Trai")
SME neo-banking platform Open buys Finin for $10 mn in cash-and-stock deal
Deal will strengthen Open's cloud native enterprise offering BankingStack through which it has deployed SME digital banking solutions for 17 banks
 "SME neo-banking platform Open buys Finin for $10 mn in cash-and-stock deal")