Page 2286 - Company News

RBI probe found liabilities swelling, but capital eroding rapidly at RCap

The RBI had kept the firm in constant watch as part of its informal asset quality review, and carried out regular inspections

If given PLI, we'll make India a hub, say electric cycle companies

The Indian cycle industry (including e-cycles) is estimated to be 22 million units pa with revenues of $1.3 billion.

SAT quashes NSE's directive to Axis Bank in Karvy Stock Broking case

The order came after Axis Bank challenged the communication issued on December 8, 2020 by NSE

Simplilearn completes maiden ESOP buyback worth Rs 48.7 crore

The buyback was completed earlier this month. The company has over 1,600 people

With Air India, Tatas get a stake in Kerala's Cochin airport

The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers

Majestic shareholders reject re-appointment of Aashim Munjal as director

Majestic Auto had sought nod from the shareholders at its AGM held on November 29, 2021

NCLT orders insolvency proceedings against MGF Developments

A two-member Delhi based bench of NCLT passed the order

Panasonic India expands ESL and Digital SignEdge business

These tech-enabled display solutions have been designed to increase operational efficiencies for retailers and enterprises

Ugro Capital raises Rs 150 cr by issuing bonds on private placement basis

The company's Investment and Borrowing Committee has approved the allotment of 150 protected market linked non-convertible debentures

Walmart announces MoU with MP government to train and support MSMEs

The initiative comes under Walmart Vriddhi Supplier Development Programme

ICICI Venture divests partial stake in Go Fashion

The initial public offering (IPO) of the company had received a strong response from investors with the issue being oversubscribed 135 times

Zomato launches platform to help restaurants raise funds

There are thousands of budding restaurants that may not have the expertise or focus to fundraise at the right time from the right investors, said Zomato Chief Executive Officer Deepinder Goyal

NMDC slashes lump ore prices by Rs 750 per tonne, fines by Rs 200 per tonne

Iron ore is the key steel making raw material. A change in its prices has a direct impact on the rates of steel

Shakti Pumps makes foray into manufacturing of motors, chargers for EVs

Shakti Pumps India manufactures and supplies solar pumps and motorised pumps

Data management platform Parablu raises $1 mn in pre-Series A round

The SaaS company builds secure, enterprise-class data management solutions

Companies bullish on their hiring plans this quarter, says report

Due to businesses re-pivoting and refocusing their strategies to better meet customer and market wants, the workforce requirement is slated to increase: Report

All you need to know about Parag Agrawal, the new India-born Twitter CEO

For Parag Agrawal, the IIT Bombay alumnus who has succeeded Jack Dorsey as the Twitter CEO, one of the biggest tasks at hand would be content moderation

Indian PSUs ink pact with Russian firm for supply of fertilisers in FY22

As many as 4 Indian public sector undertakings have inked a long-term pact with Russian firm Phos Agro for supply of five types of fertilisers including DAP in the current fiscal year, govt said

Infosys to transfer Daimler's HPC workloads to green data centre in Norway

Infosys said it will transfer Daimler's HPC workloads used to design vehicles and automated driving technologies to one of Europe's greenest data centres, Lefdal Mine Datacenter in Norway.

JSW e-com biz JSW One Platforms starts fulfillment ops in Tamil Nadu

JSW One MSME, a platform which will offer an e-commerce marketplace for small and medium-size manufacturers, will offers the MSME customers a tech-based marketplace for buying raw materials, others