Page 2350 - Company News

Avanti Finance raises $15 mn in Series A from Oikocredit, Gates Foundation

Avanti will use the funds to strengthen its deep tech platform, bolster data science, enhance its product suite

Tata Cha to be moved from Tata Consumer Products to IHCL subsidiary

This will enable Tata Consumer Products to better focus on its core FMCG business, the company said

IRCTC to share 50% revenue from convenience fee with Indian Railways

The revenue-sharing arrangement would be enforced from November 1, IRCTC said in a regulatory filing on October 28, along with other details.

SC allows new board of Unitech to appoint PMCs to complete stalled projects

The new board of Unitech has earlier told the court currently there are 74 (residential) and 10 (Commercial) under-construction projects

PayU launches 'PayU Token Hub' to help businesses comply with RBI norms

Solution has been built by PayU and Wibmo, a PayU-owned full stack global PayTech firm, in partnership with major card networks such as Visa and MasterCard, and top issuing banks

Tata Motors unveils 21 commercial vehicles for cargo, passenger verticals

The company has unveiled seven products in the medium and heavy commercial vehicles (M&HCV) segment

IndiGo parent posts wider quarterly loss as airline's fuel expenses soar

Fuel expenses in the quarter soared 207.8 per cent.

WhiteHat Jr's music lessons for all ages; customised course for 18-plus set

Pandemic has shown how music can uplift one's health and wellbeing, help bond with others and offer several cognitive benefits for older adults, says the company

Business leaders feel pressured to offer more flexibility post-Covid: Study

A significant percentage of business leaders in India are actively creating new workplace policies that give employees more agency over how they work and where they work from, says a LinkedIn study

Flipkart, Moj tie up to take video, live commerce to next 200 mn customers

The collaboration also incentivises content creators in the Moj ecosystem by enabling new commerce-led revenue streams to deepen socio-economic impact

Ministries, PSUs, govt depts owe more than Rs 600 crore to Air India

Airline is owed Rs 1,500 crore for tickets: mainly for flying VVIPs, ministers, foreign dignitaries and evacuation operations.

Cognizant expects to make offers to 45,000 new graduates in India in Q4

IT companies like Infosys and Wipro are witnessing high attrition numbers

Samsung Electronics logs record sales, 2nd-highest operating profit in Q3

Samsung on Thursday reported strong third-quarter earnings

Recent correction may be an opportunity to enter bank stocks

PSB stocks have outperformed private rivals, and momentum looks strong

Facebook asks employees to preserve internal documents for legal inquiries

The increased scrutiny comes after Frances Haugen leaked documents which she said showed the company chose profit over user safety

Chip shortage may last up to two years, say Qualcomm and Intel

Qualcomm projects that some demand-supply equilibrium may be achieved by early 2022, but shortage in automobile sector may last longer

Airtel garners over Rs 5,200 cr from first round of payment in rights issue

This implies that Airtel has raised an estimated Rs 5,243 crore from the initial tranche

Adani Ports to exit Myanmar investment by June next year

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said it has decided to exit its investment in Myanmar by June next year.

Power crisis brewing in China likely to hit Indian pharma companies

Delays in consignments, rising prices of key ingredients worry industry

Maruti Suzuki Q2 net profit skids 65% to Rs 475 cr as chip shortage hurts

MSIL Chairman R C Bhargava said at 80.4 per cent of net sales, material costs stood at an all-time high at the end of the September quarter