Page 2270 - Company News

Volkswagen expects to double pre-owned car sales to 20,000 units this year

Volkswagen entered the used car market in 2012

Allcargo group firm Gati Ltd looks to become Rs 3,000-cr company in 3 years

It has identified three areas, including talent acquisition and building infrastructure, to achieve the target

Bank of Maharashtra lowers home loan rate to all-time low of 6.4%

The new rates would be effective from December 13, it said

Shanghai Tesla plant rolls out 400,000 vehicles in first 11 months of 2021

Deliveries at Tesla's Shanghai Gigafactory came in at 413,283 vehicles in the first 11 months of this year

Fino Payments Bank eyes 30-35% long-term revenue growth: MD Rishi Gupta

Gupta said Fino is a very differentiated payments bank compared to other fintech players in the market.

Samco MF aims to mop up Rs 5,000 crore from debut Flexi-fund NFO

The fund will use a metric called active share" that shifts from traditional benchmarking and focuses on heavily stress tested" companies

Comviva to hire 600 engineers by July 2022, eyes 10-12% business growth

Tech Mahindra group firm Comviva plans to hire around 600 engineers by July 2022, to meet growth requirements and to offset the impact of attrition, a top official of the company said.

Vedanta to pay Rs 5,019 crore in dividends after solid earnings

Vedanta approved an interim dividend of Rs 13.50 a share

Lulu Group to invest Rs 2,000 cr to build shopping mall in Gujarat

The UAE-based retail giant Lulu Group on Saturday announced it will invest Rs 2,000 crore to develop a shopping mall near Ahmedabad in Gujarat as part of its plans to expand business in India.

Myntra appoints chartered accountant Abhishek Gupta as CFO

Gupta is currently Head of Finance, Flipkart Wholesale & Walmart India

Meta, WhatsApp scout for CCO, nodal contact and grievance officer in India

Meta and WhatsApp are scouting for candidates for roles of nodal contact and grievance officer as well as chief compliance officer positions that have been mandated under India's IT rules

Sterlite Technologies unveils its 5G-from-India offering at IMC 2021

The company expects that the end-to-end nature of solutions will fundamentally alter the game for super-fast and high quality 5G deployments

Google won't raise every employee's salary to keep up with inflation

A top Google executive has said that the tech giant would not automatically adjust all employees' salaries to account for inflation.

Hindustan Syringes shuts plant owing to pollution, triggers shortage scare

Disruption in the supply chain would result in shortage and other related issues like price increases

Zydus Cadila gets USFDA approval to market generic schizophrenia drug

Cariprazine is an atypical antipsychotic medication used for the treatment of schizophrenia and acute treatment of manic or mixed episodes associated with bipolar disorder.

Starbucks brews brisk growth plans; seeks to upgrade customer experience

Starbucks also allowed for curbside delivery or for custom­ers to walk to a nearby store and collect their orders

Bharat sustains sales for Maruti even as chip shortage chokes India volumes

Positive macroeconomic indicators in rural India have helped passenger vehicle sales

Stay away from secondary IPOs, there's conflict of interest: Zomato's Goyal

The Zomato CEO also talked about an e-mail from Info Edge founder Sanjeev Bikhchandani on how the company should price its IPO

Weak outlook emerges for NMDC as strong steel cycle appears to have peaked

Most analysts have a hold rating on the stock of India's largest iron ore mining company

LIC gets central bank approval to hike stake in IndusInd Bank to 9.99%

LIC is one of the biggest institutional investors in India's stock market and has a stake in a number of private and public sector banks.