Page 2422 - Company News

On track to have over 420,000 sellers, MSMEs by Dec 2021: Flipkart

Walmart-owned Flipkart on Thursday said it has onboarded around 75,000 sellers on its platform in the past few months, and is on track to have over 420,000 sellers and MSMEs by the end of this year

India second-largest technology hub for Amazon globally, says country head

Amazon's team in Bengaluru has built a cloud-based Warehouse Management System to help sellers streamline their warehouse operations, and ship orders to customers fast and reliably

Mittal vows to bring telecom industry together; talks to Voda's Nick Read

'I will reach out to Mukesh Ambani and speak to him and ensure that industry truly becomes role model for many other infrastructure industries in the country,' says Bharti chairman

Bharti Airtel secures TDSAT stay on DoT's Rs 1,376 crore demand

Telecom dispute appellate body TDSAT on Thursday stayed the telecom department's demand of Rs 1,376 crore from Bharti Airtel in unpaid past dues that defunct telco Videocon Telecommunications owed.

CIL urging power generating companies not to regulate coal intake

CIL has been writing to power generating companies since October last year urging them not to regulate the intake of coal and build up stock at their end

Will opt for moratorium to redirect cash flow to build network: Mittal

Tariffs need to go up; more needs to be done on GST, licence fee, high levies but that's a separate chapter, says Bharti chairman

Cloud and ERP player Gofrugal to build presence tier-2 cities, rural market

Sees huge talent pool in this market, along with large base of aspirational businessmen who may want its digital support

JSW Steel raises $1 bn through bonds issuance in overseas market

JSW Steel on Thursday said it has raised USD 1 billion through issuance of Sustainability Linked Bonds (SLBs) in the overseas market.

IIAS asks shareholders to vote against directors of Zee Entertainment

Proxy firm raises corporate governance concerns over MD's salary

Byju's buys coding site Tynker for $200 mn to grow in US: Report

Tynker's service, launched in 2013, offers classes and camps on coding, with some curriculum offered for free and premium content sold to schools for an average of $5,000 a year

MakeMyTrip sees 100% return to travel in pharma, realty, other corp sectors

Firm's recent market study says financial services, IT, consumer goods and auto are the laggards, may be the last ones to see a complete recovery in corporate travel

52 cos apply with Rs 6,000-cr investment proposals for AC, LED PLI scheme

Around 52 companies have applied for availing PLIs for white goods makers, proposing an investment of around Rs 6,000 crore in the manufacturing of components for air conditioners and LED lights.

India second-largest technology hub for Amazon globally: India Head

India is the second-largest technology hub for Amazon globally and its teams are powering innovations not only for customers in the country but globally as well, a top company executive said.

PFC issues 300 million euro bonds for 7-year period in European market

State-owned PFC on Thursday said it has issued bonds worth 300 million euros for a period of seven years.

Volvo Car contributes Rs 75 lakh to PM CARES Fund towards Covid relief

Volvo Car India on Thursday announced a contribution of Rs 75 lakh to the PM CARES Fund towards COVID-19 relief measures.

Ford Motor's India exit opens dealers to legal action from customers

Dealers will likely face "legal complications" given that Indian consumer law makes them liable after a manufacturer exits, Vinkesh Gulati, president of the FADA said

Blue-collar worker app Apna becomes a unicorn in under two years

Apna helps bottom-of-the-pyramid job seekers with setting up simple profiles requiring only their name, age and skills.

AGR deferment has resuscitated the idea of a three-player market: Analysts

While most brokerages have given a thumbs up to the development and suggest the provisions give some breathing space to Vodafone Idea (VI), Bharti and Reliance Jio, too, stand to gain

Zee Entertainment institutional investors want clarity from Invesco

Will support fund's stand, if well defined

Tata says Dutch state support needed in drive for 'green' steel

Economy minister Stef Blok in a statement said he would investigate extent to which national or international subsidies would be available, without breaking European rules for state support.