Page 2297 - Company News

Promoter entity buys stake in Vedanta via open market transactions

Twin Star Holdings and Vedanta Netherlands Investments together bought 137.8 mn shares, amounting to 3.7% stake

Telefonica partners Wipro for network automation solution

Wipro had recently announced a five-year strategic partnership with Telefnica Germany/O2 for a Radical IT Transformation (RAITT) programme

Indian Hotels announces opening of Taal Kutir MICE venue on December 1

The Convention Centre is one of Kolkata's largest MICE and banqueting venues, spread over 4,645.15 sq metres in the heart of Eco Park

Omega Seiki partners Europ Assistance to offer roadside assistance

The roadside assistance programme will include a host of facilities, including repair on spots and towing assistance after breakdown

CCI approves FedEx India's minority stake-buy in Delhivery

CCI has also given nod to acquisition of certain operating assets of FedEx India and TNT India by Delhivery

Bharat Forge arm hikes stake in electric two-wheeler maker Tork

The EV maker had a turnover of Rs 4.3 crore in 2020-21

US-based DataCore expands India footprint, to hire more employees

DataCore plans to hire over 150 people in India over the next two years

Fashion retailer Myntra enters social commerce, a $70 bn market by 2030

Unveils M- Live, a first-of-its-kind interactive and real-time shopping experience for shoppers in the country

Greaves Cotton seeks investors for EV venture; starts 1-mn capacity unit

Plans to invest Rs 700 cr in the sector over 10 years. With e-scooters, e-rickshaws and e-autos, the company currently operates in 85 per cent of the E-mobility sector

Moody's revises Bharti Airtel ratings outlook to positive from stable

The outlook change reflects Bharti's improving operating performance and credit metrics which, if sustained, could support an upgrade to investment grade within the next 12-18 months, says Moody's

ACG to invest Rs 600 cr to build Asia's largest capsule plant in Maha

Global pharma industry supplier ACG on Tuesday said it will invest Rs 600 crore to build Asia's largest capsules manufacturing unit near Aurangabad in Maharashtra.

Top headlines: Voda Idea too raises tariffs; NoBroker becomes an unicorn

Business Standard brings you the top stories on Tuesday

Paytm founder compares his challenges to Elon Musk's after IPO flop

Vijay Shekhar Sharma held a four-hour town hall to rally employees who had watched the company's stock plummet 27% on Thursday

NoBroker.com becomes unicorn; raises $210 mn at $1 bn valuation

The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures

TVS Motor to invest Rs 1,200 cr in Future Tech, EV; signs MoU with TN govt

TVS Motor would invest Rs 1,200 crore in future technologies and electric vehicles over the next four years, the company said on Tuesday

Ola elevates Balachandar N as Group Chief People Officer

The company's headcount has gone up from 4,500 to 8,000 in the last five months, given the growth across all businesses

NPCI Bharat BillPay on-boards Tata Power for electricity bill payments

This will enable over seven lakh customers of Tata Power (Mumbai) to pay their electricity bills through ClickPay payment link

Greaves Cotton stock spurts 7% after arm opens EV production facility in TN

Spread in 35 acre, the plant is located in the industrial centre of Tamil Nadu and will serve as an e-mobility hub for both domestic and export markets

SpiceJet to induct 50 Boeing 737 Max aircraft by December 2023

Two SpiceJet's Max planes out of the total 13 in its fleet have started operating commercial flights from Sunday

Alembic Pharma gets USFDA nod for formoterol fumarate inhalation solution

The approval for the abbreviated new drug application (ANDA) for formoterol fumarate inhalation solution is for 20 mcg/2 ml per unit-dose vial