Page 2298 - Company News

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

SpiceJet reintroduces Boeing 737 Max aircraft after recertification

Budget airline SpiceJet, on Tuesday recommenced flight services on Boeing 737 MAX aircraft.

Paytm's IPO flop may embitter millions of retail investors

The event in a way will nudge people to be cautious and not take the market for granted by blindly placing bets, says a market expert

Udaan reports 95% YoY growth for food, FMCG business during festive sale

B2B e-commerce says it recorded a 75 per cent jump in retailer participation during sale promotion.

Latent View shares debut in market with 160% premium to offer price

Shares of Latent View Analytics more than doubled in their market debut on Tuesday, signalling strong investor demand for the profit-making Indian startup

MobiKwik to delay planned IPO, says CEO after Paytm's dismal market debut

Indian payments firm MobiKwik has delayed its plans to proceed with an initial public offering (IPO) of shares this month, its CEO said

Pokemon GO developer Niantic raises $300 mn from Coatue at $9 bn valuation

Pokemon GO game developer Niantic has raised $300 million from global investment manager Coatue at a valuation of $9 billion.

Tech company UST to hire 6,000 employees for Bengaluru centre in 2 yrs

Technology company UST on Tuesday said it plans to double the number of employees at its Bengaluru centre to 12,000 in the next two years.

TCS to build digital workspace for Swiss Re, expands strategic partnership

TCS has expanded its partnership with Swiss Re to help the European firm a cloud-based digital workspace to drive greater collaboration and innovation

Spandana Sphoorty probing issues at gold branches of subsidiary: Committee

Company appoints Shalabh Saxena as new MD&CEO, says it is probing IT management contract given by former executive.

Delhi HC upholds AI's passenger service system tender award to Amadeus

Amadeus won the contract; rival Sabre had moved court challenging favouritism in tender process

Swiggy food delivery revenue up 56% in H1, doubles from level before Covid

At the end of the quarter, the company had 127,000 restaurant partners and more than 250,000 delivery partners.

Singapore's Broad Peak, partner to invest $300 mn in Indian stressed assets

Broad Peak, in association with fund Brescon & Allied Partners, will seek turnaround opportunities, debt resolution.

Tata group likely to set up Tamil Nadu solar cell plant, invest Rs 3,000 cr

State seeks to have 25 GW of renewable energy capacity by 2030, become investment destination in sector.

E-commerce tech firm Unicommerce to spend $5 mn on expanding global ops

Firm says it has become a leader in India where it is processing 20% of e-commerce volumes. Now aims at setting itself up as a preferred choice of e-commerce firms and retail brands

Paytm Payments Bank launches prepaid card linked with Paytm wallet

Paytm Transit card also enables the withdrawal of money from ATMs

Will Airtel's tariff hike turn a corner for India's telecom sector?

Airtel took a bold step of raising tariffs by 25% starting this Friday, notwithstanding the risk attached to it. Does this mean brighter days ahead for the telecom sector? Take a look at this report

Redmi India partners Jio for conducting 5G trials for Redmi Note 11T 5G

Redmi Note 11T 5G will launch in India on November 30, 2021

Global bull-run in fossil fuels may be peaking out for now, glut seen ahead

Prospects of lower global economic growth amid fresh Covid wave and reduction in bond buying by US Fed weighing on sentiment

Aramco eyes new investments in India after Reliance scraps $15-bn deal

Aramco had signed a non-binding letter of intent in August 2019 for a potential 20% stake in Reliance's oil-to-chemicals unit valued at about $15 billion