Page 2385 - Company News

Lupin gets tentative nod from USFDA to market generic Brexpiprazole tablets

The product is a generic version of Otsuka Pharmaceutical Co Ltd's Rexulti tablets in the same strengths

DoT slashes bank guarantee requirement for telecom operators by 80%

The Department of Telecom has slashed performance and financial bank guarantee requirement of telecom operators by 80 per cent, according to a licence amendment note issued on Wednesday.

Visa launches India's 1st card 'token' service for online platforms

Visa's card tokenisation service is currently available with ecommerce platforms such as Grofers, Bigbasket and MakeMyTrip.

Jio, Bharti may see 5-7% sequential revenue rise in Q2: Jefferies

Jefferies expects the outlook on tariff hikes for Bharti, further details on JioPhone Next for Jio, and tenancy outlook for Indus Towers to be the key things to watch for in the September quarter.

Ananth Narayanan-led Mensa Brands invests in 10 fashion and beauty brands

Over the next three years, Mensa will acquire over 50 brands across categories including home, garden, apparel, personal care, and beauty

Zee approaches NCLAT against NCLT order on Invesco's plea for EGM

Zee seeks more time to file reply on Invesco's arguments for convening an EGM

Amid Invesco spat, Zee says open to rival offers for Sony bid

The comments show the battle between the company and its largest investors is set to worsen

Mercedes-Benz posts nearly 100% domestic sales growth in September

German premium car maker Mercedes-Benz on Wednesday reported nearly 100 per cent growth in sales at 4,101 units in the domestic market in September of the current year.

Zuckerberg denies Facebook puts profit over users' safety

Facebook Chief executive officer (CEO) Mark Zuckerberg has rejected accusations that the social network prioritises profit over its users' safety.

Indian BPO market to hit $8.8 bn by 2025 amid liberalised regime

In November 2020, the government had simplified BPO and ITES guidelines to ease the compliance burden on service providers and establish the 'Work-From-Home' and 'Work-From-Anywhere' framework.

Govt to amend rules, allow 20% foreign investment in LIC IPO: Report

Government officials are due to meet and discuss the proposal as early as Wednesday afternoon in New Delhi, says Bloomberg.

PLI scheme: Auto component companies hope to pare imports

It would also reduce imp­orts from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India

Superseding boards of two Srei companies not to roil markets, say bankers

The RBI on Monday superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance

Shailesh Dobhal succeeds Shyamal Majumdar as Editor of Business Standard

Mr Dobhal (51) joined Business Standard in 2011 as Resident Editor in New Delhi

Pandora Papers: 'Kunal Kashyap has no influence over Biocon-linked trust'

According to a company statement, the Deanstone Trust, which was mentioned as part of a leak of offshore tax haven files called the 'Pandora Papers,' was set up for philanthropic endeavours

Meat startup Licious becomes first Indian D2C unicorn with $52 mn fundraise

Licious has successfully delivered to more than 2 million unique customers to date

Govt receives over Rs 2,800 cr dividend from CIL, ONGC this fiscal

Besides, Rs 9,110 crore has been mobilised through disinvestment in various Central Public Sector Enterprises (CPSEs) so far this fiscal.

PepsiCo logs double-digit volume growth in Q3 in India

Recovery from the Covid-19 pandemic led to an increased consumer demand impacting positively the company's revenue

SpiceJet's Ajay Singh plans fleet expansion as carrier nears break-even

SpiceJet chairman Ajay Singh expects his cargo business to reach $1 billion in revenue in two to three years.

Chalo raises $40mn in funding round led by Lightrock India, Filter Capital

Public transport technology company says it will use money to expand its bus support services.