Page 2280 - Company News
PhonePe is first payments firm to tokenise cards on Visa, Mastercard, Rupay
The company claims the tokenisation solution will help businesses save significant time and effort by removing the need to integrate with multiple card networks while complying with RBI norms
 "PhonePe is first payments firm to tokenise cards on Visa, Mastercard, Rupay")
Zydus gets orphan drug designation from USFDA for antimalarial compound
The orphan drug designation provides eligibility for certain development incentives
 "Zydus gets orphan drug designation from USFDA for antimalarial compound")
Top poultry player Suguna Foods goes for brand revamp with all new Delfrez
The group has invested over Rs 100 crore in the new brand and plans to launch over 1,000 outlets by 2025
 "Top poultry player Suguna Foods goes for brand revamp with all new Delfrez")
Agritech firm Samunnati inks co-lending pact with IndusInd Bank for FPOs
Samunnati said it has entered into a co-lending agreement with IndusInd Bank to expand credit accessibility and market linkages for farmer producer organizations across the country
 "Agritech firm Samunnati inks co-lending pact with IndusInd Bank for FPOs")
Organised dairy players to gain from recent PLI scheme: Report
The scheme offers incentives based on sales growth based on investment incurred by companies between FY22 and FY27
 "Organised dairy players to gain from recent PLI scheme: Report")
BEML, RITES ink pact, to bid for Metro systems, export of rolling stock
BEML Limited has signed a Memorandum of Understanding with RITES Limited to explore and jointly bid for opportunities in the fields of Metro systems and export of rolling stock
 "BEML, RITES ink pact, to bid for Metro systems, export of rolling stock")
India Ratings upgrades Tata Steel to 'IND AA+'; outlook 'stable'
The ratings agency said that reducing exposure to loss-making overseas units, sustained positive free cash flows at European operations are positives for the steelmaker
 "India Ratings upgrades Tata Steel to 'IND AA+'; outlook 'stable'")
L&T power transmission, distribution biz bags orders in India, overseas
In India, orders have been won to create power distribution infrastructure in two circle areas of Bengaluru
 "L&T power transmission, distribution biz bags orders in India, overseas")
Cash-flush Novartis launches new share buyback of up to $15 bn
The buyback is funded through the $20.7 billion the Swiss drugmaker raised by selling its nearly one-third voting stake in Roche back to its cross-town rival last month
 "Cash-flush Novartis launches new share buyback of up to $15 bn")
Car sharing platform Zoomcar announces launch of vehicle host programme
India currently possesses one of the lowest private car utilisation rates in the world, said the company
 "Car sharing platform Zoomcar announces launch of vehicle host programme")
Google's Area 120 unveils Qaya to create web storefronts for creatorS
With an aim to allow creators to easily set up new web storefronts for their audiences, tech giant Google's Area 120 has come up with a new service called Qaya
 "Google's Area 120 unveils Qaya to create web storefronts for creatorS")
Plaza Premium Group selects TCS to transform airport hospitality experience
The long-term partnership focuses on reimagining the end-to-end airport travel experience across three core areas: customer experience, employee experience and operational excellence
 "Plaza Premium Group selects TCS to transform airport hospitality experience")
Softbank-backed ride-hailing firm Ola raises $500 mn loan from investors
Ola, which has a majority share of India's ride-hailing market where it competes with Uber Technologies, has plans to raise up to $1 billion through an initial public offering.
 "Softbank-backed ride-hailing firm Ola raises $500 mn loan from investors")
India's ShareChat raises $266 million for valuation of $3.7 billion
The new investments, part of ShareChat's third funding round this year, was led by Alkeon and saw participation from Singapore's Temasek Holdings and Moore Strategic Ventures, among others.
 "India's ShareChat raises $266 million for valuation of $3.7 billion")
Australian Open, Infosys extend digital innovation partnership until 2026
Infosys on Thursday announced an extension of its digital innovation partnership with the Australian Open (AO) until the end of 2026.
 "Australian Open, Infosys extend digital innovation partnership until 2026")
Venture Catalysts made 207 bets in 2021, biggest exit brought 80x returns
IPO rush encourages early stage investor to dial-up deals up to Series C rounds
 "Venture Catalysts made 207 bets in 2021, biggest exit brought 80x returns")
Ind-Ra upgrades Tata Steel's long-term issuer rating to 'AA+' from 'AA'
India Ratings and Research (Ind-Ra) on Wednesday said it has upgraded Tata Steel's long-term issuer rating to 'AA+' from 'AA'.
Reliance Industries eyes first oil cargo from UAE trade arm in Dec: Report
The Indian conglomerate aims to get about a 500,000 barrels of cargo of United Arab Emirates' Das crude from RINL
 "Reliance Industries eyes first oil cargo from UAE trade arm in Dec: Report")
Starlink intends to apply for all licences needed for launch in India: MoS
The satellite company is led by the world's richest person Elon Musk
 "Starlink intends to apply for all licences needed for launch in India: MoS")
Covid-19 pandemic accelerates digital adoption in health sector: PwC India
While doctors and patients went online to mitigate infection risk, pharma companies too adopted digital tools rapidly for customer engagement, development of multiple delivery models and R&D
 "Covid-19 pandemic accelerates digital adoption in health sector: PwC India")