Page 2427 - Company News

Online retail store Gobbly raises Rs 7.2 crore in angel funding round

The company said it would use the funding to strengthen its position as one of the fastest-growing retail tech startups in India

HCL signs up with Korea's HANCOM for global expansion, tech solutions

HCL will support training for software development at HANCOM's in India research and development centre, which was established in 2016.

This battery idea from 1970s could help EVs take lead in auto industry

Sodium-based batteries aren't going to take electric cars any further than lithium can, but materials needed to make them are widely available.

Street likely to view general insurers favourably

Stocks of listed players ICICI Lombard and New India Assurance have lagged in FY22, so far

LIC IPO: Govt amends fee structure for legal advisors after failed attempt

DIPAM introduces "milestone payments" in RFP; the legal advisors were earlier supposed to get their fee "after successful and satisfactory completion of the transaction"

Sebi penalises 2 Videocon promoter cos for violating insider trading norms

The entities have violated Prohibition of Insider Trading (PIT) norms, according to two separate orders

Adani Transmission, Max Financials, Laurus Labs to gain from FTSE rejig

The three stocks are part of several other domestic companies likely to get added to FTSE indices. Adani Transmission is likely to see the largest inflows at $121 million

Irdai extends last date for sale of Covid plans till March 31, 2022

Earlier, in March this year, the regulator decided to extend the timeline for the sale and renewal of such policies till September, looking at the prevailing situation

Textile PLI scheme: 35 companies line up Rs 10,000-crore investment

The textile sector is worried about the stringent parameters, including the Rs 600-crore turnover and targets of additional incremental turnover of 25 per cent over the preceding year

From Ford Motor to Harley-Davidson, why US automakers stalled in India

Failure to read the market and taxes favouring small cars made some of the most storied names in the global automobile industry fail in the world's fifth-largest market

Kurien, Chokhani quit Zee Entertainment board a day before AGM

This was after proxy advisory IIAS had raised serious corporate governance concerns in the company by asking shareholders not to vote for re-appointing the duo on the company's board

Ola Electric's Futurefactory to be run entirely by as many as 10,000 women

This will make it the world's largest women-only factory and the only all-women automotive manufacturing facility globally

TCS announces 'Rebegin project', its largest women recruitment drive

Rebegin is a TCS Careers Initiative intended to benefit women professionals who have taken a career break due to family or other commitments to help them return to the company

Tata Sons AGM: Shareholders to vote on raising fresh debt up to Rs 40k cr

The shareholders will vote on raising fresh debt when group has made ambitious plans to make big splash in e-commerce and buying Air India from central govt

Bumpy road ahead for Ford India as talks with unions on separation flop

Workers at both units set to get into a protracted feud with the management over closure terms and job security

SpiceJet settles with Boeing MAX aircraft lessor CDB Aviation

The 737 MAX was grounded worldwide in March 2019 after two fatal crashes in five months killed 346 people, plunging Boeing into a financial crisis

Jet Airways to have over 100 aircraft in 5 years; HQ will shift to Gurugram

First flight between Delhi & Mumbai in Q1 of 2022

Vedanta Resources reduces net debt by $300 mn in first half of FY'22

Expects to further reduce its debt by $500 million in the second half of FY'22

Paytm launches India's first FASTag-based facility at Delhi Metro parking

Paytm has enabled a UPI-based payment for two-wheelers entering the parking site, thereby digitising the entire parking payments

With McLeod Russel out of CIRP, lenders may restart debt resolution process

Sources close to the development said, barring a few banks, most had signed intercreditor agreement