Page 2428 - Company News

Infosys completes buyback of 55.8 million shares worth Rs 9,200 crore

IT services major Infosys on Monday said it has bought back over 55.8 million equity shares as part of its about Rs 9,200 crore buyback offer

Infosys, Microsoft ink multi-year deal with power distributor Ausgrid

This is to accelerate the cloud transformation of the largest electricity distributor on Australia's east coast.

Budget carrier IndiGo to start 38 domestic flights in September

This is aimed at improving accessibility between metros and tier-2 or tier-3 cities.

DMart forays into Haryana, opens 94,000 sq ft store in Faridabad

This is the second DMart store in NCR, the first one is in Ghaziabad.

India Inc sees 219 deals worth $8.4 bn in August, record volumes since 2005

Volumes have almost doubled over August 2020, transaction values jumped by 5.8x driven by a 13x rise in PE investment values, as per Grant Thornton Bharat Deal Tracker

India Inc spent over Rs 1,600 crore on mitigating second Covid wave: study

India Inc. has spent over Rs 1,600 crore combating the second wave of Covid-19 in the financial year 2020-21, a study said on Monday.

Flipkart Wholesale helps 600 brands from small cities expand across India

The firm is playing a key role in the success of many local and small brands by helping bridge the gap between them and Kiranas and retailers that sell to the masses.

Paytm to launch FASTag-based parking service across India; starts with DMRC

Paytm Payments Bank Ltd (PPBL) on Monday said it has enabled the country's first FASTag-based metro parking facility in partnership with the Delhi Metro Rail Corporation (DMRC).

'Policy support, fundraise may give VIL relief but sizable hike must'

A moratorium on AGR and spectrum payments, and reduction in spectrum usage charge (SUC) and Licence Fee (LF) are reportedly among the key relief measures being lined up.

FUDR raises $140,000 from US-based accelerator Expert Dojo, angel investor

The company currently works with 500 F&B outlets across 50 cities to help them generate annualised GMV of $3 million. It is growing at 25% MoM, adding 300 new F&B brands a month

At Infosys, how pandemic brought importance of reskilling to the fore

To begin with, Infosys identified 36 skills that were important and created learning pathways

Ola e-scooter factory to be largest all-women plant globally: Aggarwal

Ola co-founder Bhavish Aggarwal on Monday said its electric scooter factory will be run entirely by women and employ over 10,000 women at full scale.

TCS, NXP Semiconductors announce tie up for digital transformation

TCS will accelerate Dutch firm's cloud adoption to improve business agility and build digital foundation.

Moody's changes JSW Steel's rating outlook to positive, affirms Ba2

Moody's Investors Service has changed the outlook on JSW Steel Ltd and Periama Holdings LLC's ratings to positive from stable.

Fire at online grocery store BigBasket's warehouse in Pune; no casualty

A fire broke out at a warehouse of the online grocery platform BigBasket in Maharashtra's Pune district, gutting the property, but there was no report of any casualty, fire brigade officials said

Jet Airways to resume domestic operations in first quarter of 2022

The Jalan Kalrock Consortium, the successful resolution applicant of the carrier, announced on Monday

India's beauty salons hit by Covid revive business on Urban Company

The pandemic has accelerated the services of the tech-enabled home service marketplace which will be hiring over 15000 partners across categories in 2021

Digital healthcare firm PharmEasy names 5 independent directors for board

The API board now has 12 members, including five independent directors

Siliguri-based hotelier moves SC against Oyo for unfair practices

In July, the NCLAT closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the intervention of external parties

Semiconductor chip shortage may keep Maruti Suzuki's margin in check

Declining trend in royalty payment unlikely to cushion the fall