Page 2432 - Company News

Citigroup bolsters India investment banking team on unprecedented deal boom

Companies have raised about $10.2 bn through IPOs in India this year, putting 2021 on track to beat its all-time record of $11.8 bn

Demand recovery in durables, growth expectations drive rally in Voltas

The company has been able to gain share in cooling products despite strong competitive pressures

ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha

Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015

Vistara to absorb 70 AirAsia India trainee pilots grounded for a year

The transfer will enable pilots resume flying and help Vistara execute its growth plans

CESL to launch the country's first grid scale battery storage program

Set to launch grand challenge for electric buses in cities

S&P Global revises Bharti Airtel outlook to 'stable' from 'negative'

S&P said Airtel's "improving operating fundamentals should improve its margins and Ebitda"

Uphaar fire tragedy: HC refuses to stay trial in evidence tampering case

The Delhi High Court Thursday refused to stay the trial in a case related to alleged tampering with the evidence of the 1997 Uphaar tragedy case

Top headlines: Ford India to cease production; ECB eases pandemic support

Business Standard brings you the top headlines on Thursday

Google-backed Cuemath appoints former Swiggy COO Vivek Sunder as CEO

As a chief operating officer, Sunder had scaled Swiggy's business manifold.

Ford dealers invested over Rs 2,000 cr; staring at huge loss: FADA

Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday.

ICICI Lombard ceases to be ICICI Bank subsidiary post Bharti AXA merger

ICICI Bank on Thursday said ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer.

Infosys launches Equinox platform to boost clients' e-commerce sales

Infosys launched its 'Equinox' suite of solutions to help enterprises transform their online and in-store functions and deliver personalised omnichannel commerce experiences for B2B and B2C buyers.

ABFRL targets to hit Rs 25,000 cr revenue after 5 yrs: Kumar Mangalam Birla

Leading fashion retail firm Aditya Birla Fashion and Retail Ltd (ABFRL) is targeting to hit Rs 25,000 crore revenue after five years, according to its Chairman Kumar Mangalam Birla.

Flipkart Quick hyperlocal aims at delivery of daily items under 90 mins

Plans to introduce the service to other cities in a phased manner this year and aims to be present in over 200 cities by the end of 2022

ReNew Power commissions 250 MW solar project in Rajasthan's Jaisalmer

ReNew Power on Thursday announced that it has commissioned a 250 MW solar project in Jaisalmer district, Rajasthan.

Snapdeal opens 130 distribution hubs across India ahead of festive season

Most of these hubs are in Maharashtra, Karnataka, Telangana, and UP; Snapdeal has also augmented its logistics network in J&K and North-East

BHEL demonstrates tech to create methanol from high ash coal

State-run engineering firm BHEL has successfully demonstrated a facility to create methanol from high ash Indian coal, an official statement said on Thursday.

CCI approves 26% stake-buy in ONGC Tripura Power Company by GAIL

Fair trade regulator CCI on Thursday gave its nod for acquisition of 26 per cent equity stake in ONGC Tripura Power Company by GAIL (India).

ASICS to add 18 stores in India during 2022, eyes 25% business growth

Japanese performance sportswear firm ASICS plans to add 18 stores to its sales network in 2022 expanding its footprints in India further

Heavy industries minister inaugurates data centre at BHEL facility

Union Heavy Industries Minister Mahendra Nath Pandey has inaugurated a modern, state-of-the-art data centre at BHEL's Electronics Division in Bengaluru.