Page 2282 - Company News

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.

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.

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.

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.

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.

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.