Page 2271 - Company News

Lenders zero in on Hazel Mercantile offer for Reliance Naval and Engg

Hazel has made an offer of Rs 2,500 crore for the company after lenders asked it to sweeten its earlier offer

Govt support will spur industry to shift to low-carbon steel: Sajjan Jindal

The JSW group CMD says steel industry has a crucial role to play in India's pledge to Net-Zero by 2070

Lupin to set up 100 diagnostic labs and 1,000 collection centres in 5 yrs

Announced foray into fragmented diagnostic business where organised chains have less than 20% share of overall business

Minda Industries forms JV with FRIWO for manufacturing EV components

MIL plans to invest Rs 71 crore in one or more tranches as equity investment to partly fund the above expenditure.

Bharti Airtel gets maximum consumer complaints, govt informs Parliament

The telecom regulator Trai has received the highest number of complaints against Bharti Airtel followed by Vodafone Idea and Reliance Jio, Parliament was informed on Friday

Starbucks workers vote to join union at one store in New York's Buffalo

Starbucks employees voted to join a union at one store in Buffalo, New York, delivering the coffee chain its first unionized company-owned location in the US

Google extends Play Store billing deadline for developers to Oct 31, 2022

Digital goods on the Play Store have to use its billing system, allowing Google to collect a percentage of in-app purchases as fees

Metro Cash and Carry India stops stocking Mondelez products over margins

The maker of Dairy Milk chocolates decided to cut margins by 25-30% for the German-headquartered company

Gati-KWE opens its largest surface transhipment centre in Farukh Nagar

Gati-KWE plans to set up five more similar STCs at Mumbai, Nagpur, Indore, Bengaluru and Hyderabad in the near future.

PFC pays second interim dividend of Rs 369 cr to govt for 2021-22

State-run Power Finance Corporation (PFC) said it has paid the second interim dividend of Rs 369.57 crore to the government for the 2021-22 fiscal.

Apollo TeleHealth sees Covid boost to telemedicine; gets new BSI approval

After a successful foray in Malaysia where it has tied up with the local govt, the firm is now eyeing Africa and Bangladesh to strengthen its global footprint

DoT moves NCLAT against resolution of Videocon; claims Rs 882-cr dues

The DoT has moved the insolvency appellate tribunal NCLAT against the NCLT order approving the consolidated resolution plan for 13 companies of Videocon Group, including Videocon Telecommunications.

Pharma firm Venus Remedies makes the cut for PLI Scheme

Under this scheme, Venus Remedies will make a committed investment in plant and machinery, get incentives on incremental sales of pharmaceutical products

Communication fitness firm vani.coach to skill corp execs, eyes $15 mn ARR

Pune-based firm counts Lupin, L&T, Asian Paints, Reckitt and Cipla among clients; has raised a pre-seed round of $150,000, and is now in talks with some venture capitalists for a seed round

Pharma major Lupin announces launch of its diagnostics business

Homegrown pharma major Lupin Ltd on Friday announced the launch of its diagnostics arm as part of its strategy to provide integrated healthcare in India.

Shiprocket closes $185 mn funding round, led by Zomato, Temasek, Lightrock

E-commerce logistics firm Shiprocket said it has signed definitive agreements for a $185 million (Rs 1,380 crore) Series E funding round

HUL offers flexible working options for employees, gig workers: Report

U-Work scheme, offered globally by Unilever, gives employees a flexible association with the company

Oracle to see Cloud ERP biz reach $20 bn in 5 years: Larry Ellison

Oracle will see its Cloud ERP business to reach about $20 billion in five years, its co-founder and chief technology officer Larry Ellison has said.

419 million shares of RIL rights issue to commence trading on Friday

These shares-issued as part of the Rs 53,124-cr rights issue last year-have become fully-paid up after payment of final tranche last month

India Ratings launches ESG relevance disclosure on rated companies

India Ratings and Research launched its integrated disclosure that shows how environmental, social, and governance (ESG) factors impact individual credit rating decisions