Page 2394 - Company News
Airtel unit Nxtra to invest Rs 5,000 cr to expand data centre business
Plans to build seven hyper-scale data centres that will triple its capacities and help India become a regional hub for data centres
 "Airtel unit Nxtra to invest Rs 5,000 cr to expand data centre business")
Emami eyes entry into new segments via acquisitions, investment in startups
Firm began investing in startups over three years back ago when it bet on Helios Lifestyle; it has also invested in personal care company Brillare
 "Emami eyes entry into new segments via acquisitions, investment in startups")
PVR Saket, India's first multiplex, reopens after a swanky makeover
The lights are lit for Daniel Craig's fifth and final appearance as James Bond at Delhi's iconic PVR Saket - erstwhile Anupam
 "PVR Saket, India's first multiplex, reopens after a swanky makeover")
Social commerce startup Meesho raises $570 mn, valuation doubles to $4.9 bn
India's unorganised retail sector, worth an estimated $792 billion, is set for the next wave of growth
 "Social commerce startup Meesho raises $570 mn, valuation doubles to $4.9 bn")
NMDC eyes 47 million tonne iron ore production in FY22
NMDC Ltd is aiming to achieve 47 million tonnes of iron ore production during the current financial year and plans to spend Rs 3,720 crore on capital expenditure
 "NMDC eyes 47 million tonne iron ore production in FY22")
NCLT directs Zee board to consider Invesco's requisition for EGM
It's not a discretionary power of the Zee Entertainment board to call or not call for EGM, says NCLT
 "NCLT directs Zee board to consider Invesco's requisition for EGM")
Growth revival, easing of curbs may help Hindustan Unilever stock shine
Higher demand for discretionary products and price hike to support margins
 "Growth revival, easing of curbs may help Hindustan Unilever stock shine")
Videocon insolvency process: BoM raises issue of breach of confidentiality
Bank of Maharashtra has raised the issue of the breach of confidentiality in the corporate insolvency resolution process of the debt-ridden group before the National Company Law Appellate Tribunal
 "Videocon insolvency process: BoM raises issue of breach of confidentiality")
Adani seals deal to develop Western Container Terminal at Colombo Port
India's Adani Group on Thursday sealed a deal with the state-owned Sri Lanka Ports Authority (SLPA) to develop and run the strategic Colombo Port's Western Container Terminal.
 "Adani seals deal to develop Western Container Terminal at Colombo Port")
M&M chief Anish Shah supports govt incentives to promote sustainability
Mahindra & Mahindra Ltd Managing Director and CEO Anish Shah on Thursday supported incentives provided to companies by government for promoting ESG (environmental, social and governance) programmes
 "M&M chief Anish Shah supports govt incentives to promote sustainability")
DMI Alternatives raises $40 mn for investing in digital finance ecosystem
The firm's Sparkle Firm has invested $10 mn across various companies including M2P, Credgenics, Servify, Uni and Mobikwik
 "DMI Alternatives raises $40 mn for investing in digital finance ecosystem")
Top headlines: NCLT gives Zee Oct 3 deadline; Ola Electric raises $200 mn
Business Standard brings you the top stories from today
 "Top headlines: NCLT gives Zee Oct 3 deadline; Ola Electric raises $200 mn")
Enforcement Directorate attaches Rs 30-cr worth Noida plots of Unitech
The 29 land plots, worth a total Rs 30.29 crore, have been attached provisionally under the Prevention of Money Laundering Act (PMLA)
 "Enforcement Directorate attaches Rs 30-cr worth Noida plots of Unitech")
Flipkart connecting over 5,000 offline brand stores this festive season
The initiative covers both metros and T2+ regions, solving the needs of both consumers and brands
 "Flipkart connecting over 5,000 offline brand stores this festive season")
Marico starts hybrid work model for all staff starting Friday
Several Indian firms are offering this models which is helping them cut rental and power costs, apart from saving commuting time for staff
 "Marico starts hybrid work model for all staff starting Friday")
Amazon clarifies to govt on reported legal fee of Rs 8,546cr during 2018-20
Amazon has clarified to the government on its reported legal fee, saying the expense includes professional fee as well, according to sources
 "Amazon clarifies to govt on reported legal fee of Rs 8,546cr during 2018-20")
As many as 1,007 super-rich people see 51% rise in wealth in 2021: Report
India produced 179 more super-rich people this year led by Adani Group's Gautam Adani who amassed a whopping wealth of Rs 365,700 cr or more than Rs 1,000 crore daily
 "As many as 1,007 super-rich people see 51% rise in wealth in 2021: Report")
At Rs 5 trn, Adani now Asia's 2nd richest: IIFL Wealth-Hurun India report
RIL chairman Mukesh Ambani continued to be the richest man in India for the 10th consecutive year with a wealth of Rs 7.18 trn, shows IIFL Wealth-Hurun India Rich List 2021
 "At Rs 5 trn, Adani now Asia's 2nd richest: IIFL Wealth-Hurun India report")
Ola Electric raises over $200 mn funding, valuation touches $3 bn
The funding for the EV maker was led by Falcon Edge, SoftBank and others
 "Ola Electric raises over $200 mn funding, valuation touches $3 bn")
WhatsApp adds rupee symbol to chats for faster access to payment capability
Says camera icon in chat composer now lets users scan any QR code to enable paying at over 20 mn stores in India
 "WhatsApp adds rupee symbol to chats for faster access to payment capability")