Page 2441 - Company News

Edtech decacorn Byju's FY20 revenue up 81% to Rs 2,434 cr, profit rose 152%

Byju's is on an acquisition spree, amf has spent over $2 bn to buy six companies in India and the US this year

Telstra launches innovation centres in India to solve challenges in AI, IoT

One of the facilities in Bengaluru will specialise in creating an end-to-end 4G/5G environment where testing of 4G/5G mobile handsets and IoT devices of various OEMs will be done

Amazon app seeks share of India's farm market, offers advice on crops

Dedicated mobile app to help farmers make decisions on crops and even deploy machine learning technology.

Puri's 'Next' strategy drives ITC into smart FMCG, hotels, agri innovation

ITC appears to be closing in on turning its FMCG, agriculture and hotel segments as main growth drivers, with chairman Sanjiv Puri shepherding the 'Next' strategy

GMR to invest Rs 500 cr in metro rail link project to Hyderabad Airport

The GMR group will be investing over Rs 500 crore in a Rs 5000 crore metro rail link project being proposed by the Telangana government for connectivity to the aerodrome from various parts of the city

Coal India starts pilot project to replace diesel with LNG in dumpers

State-owned CIL said it has begun the process of retrofitting LNG kits in dumpers -- big trucks engaged in transportation of coal, a move that will help the PSU to save around Rs 500 crore annually

Trifecta Capital launches third fund with target corpus of Rs 1,000 cr

The fund aims to serve the rapidly growing financing opportunities for Indian start-ups

Toyota Kirloskar domestic sales surge two-fold to 12,772 units in August

Toyota Kirloskar Motor on Wednesday reported over two-fold increase in domestic wholesales in August at 12,772 units as compared with August 2020

Bharti Airtel's equity issuance to aid deleveraging, fund 5G capex: Fitch

Bharti will raise equity in three tranches, a quarter of the proceeds to be received upfront and the balance in two instalments within three years

Bajaj Auto reports 5% increase in sales at 373,270 units in August

Bajaj Auto on Wednesday reported a 5 per cent increase in total sales at 3,73,270 units in August 2021.

NCLT Mumbai orders freeze of Videocon group promoters' assets

It has directed the erstwhile promoters of Videocon group to disclose in an affidavit their moveable and immovable properties/assets

India's market capitalisation to GDP ratio hits 13-year high of 122%

Comes in the backdrop of 0.7% growth in India's annualised GDP at current price

PayU acquires BillDesk for $4.7 bn in one of largest Indian fintech deals

The latest deal is happening when the Indian payments segment is seeing huge traction

Lack of planning by state governments led to coal crisis, says Centre

Discoms should improve recovery, says power secretary

Supreme Court orders demolition of Supertech twin 40-storey towers

Nine years after taking up the cudgels against Supertech Ltd, home buyers finally got relief from the Supreme Court on Tuesday as it ordered demolition of the under-construction twin 40-storey towers

Maruti Suzuki to slash output in September by 60% over chip shortage

Closure of Bosch plant in Malaysia hurt production in September

Facebook, Xiaomi want a slice of India's $1 trillion digital loan market

India's digital payments market is drawing the attention of some of techs biggest names after online transactions surged during the pandemic.

Airtel takes a leaf out of Reliance Jio as telecom battle intensifies

This is not the first time that Bharti Airtel has followed its arch rival's strategy. Over 4G, it followed a similar policy too which differentiated them both from their legacy telecom rivals

Paytm seeks shareholders' nod to create firm for payments business

This follows a directive from the Reserve Bank of India

WhatsApp says it banned 3 mn accounts in India in second compliance report

It received 137 reports for account support, of which one was actioned, and 316 requests to ban accounts, of which 73 were actioned