Page 2479 - Company News
IBM expands Kerala footprint with software lab focused on hybrid cloud, AI
The expansion is aligned to IBM's vision to shape the future of software development through open, secure, decentralised architecture that helps clients automate, secure, modernise and predict
 "IBM expands Kerala footprint with software lab focused on hybrid cloud, AI")
Japan's Mitsui to invest over $4 mn in Punjab Renewable Energy Systems
Mitsui & Co Ltd on Wednesday said it will invest $4.1 mn in Punjab Renewable Energy Systems Pvt Ltd, one of the leading biomass supply-chain management companies in India.
 "Japan's Mitsui to invest over $4 mn in Punjab Renewable Energy Systems")
Kumar Mangalam Birla steps down as non-executive chairman of Vodafone Idea
Himanshu Kapania, currently a non-executive director, has been appointed as non-executive chairman
 "Kumar Mangalam Birla steps down as non-executive chairman of Vodafone Idea")
Adi Godrej to step down from GCPL board in Aug; remain as Chairman Emeritus
Veteran industrialist and Godrej Group Chairman Adi Godrej will step down from the board of Godrej Consumer Products Ltd (GCPL) next month.
 "Adi Godrej to step down from GCPL board in Aug; remain as Chairman Emeritus")
RIL doubling PET recycling capacity, enhance circular economy footprint
India's largest private sector company said the move is part of its commitment to lead the industry on circular economy, enhance its sustainability quotient
 "RIL doubling PET recycling capacity, enhance circular economy footprint")
Carlsberg's India partner demands governance overhaul
Nepal-based Khetan Group and Carlsberg have been embroiled in a row since 2019 over how Carlsberg India has conducted internal inquiries into its business practices.
 "Carlsberg's India partner demands governance overhaul")
IBM to set up software lab in Kerala; CM hails decision
The announcement came a day after VM Vijayan, IBM India Managing Director Sandip Patel, VP, discussed the role of technology in accelerating states digital mission in a virtual meeting.
Suzuki Motor Gujarat to scale down production in Aug due to chip shortage
SMG, which supplies cars exclusively to MSI, has also decided to scale down production to single shift at some manufacturing lines in the plant.
 "Suzuki Motor Gujarat to scale down production in Aug due to chip shortage")
Dalmia Nisus Finance invests about Rs 80 cr in 2 realty projects
Dalmia Nisus Finance Investment Managers LLP, an alternatives manager, has invested this amount from its Real Estate Credit Opportunities Fund - I
 "Dalmia Nisus Finance invests about Rs 80 cr in 2 realty projects")
IndiGo launches special fares on 15 yr anniversary
To celebrate its 15 years of operations,IndiGo on Wednesday announced a three-day special sale offering all-inclusive fares starting from Rs 915 on its domestic and international connections.
 "IndiGo launches special fares on 15 yr anniversary")
ShareChat, Moj announce multi-year agreement with T-Series
The partnership allows ShareChat and Moj to access an extensive catalog of Indian music and provide an enhanced experience to its creator communities
 "ShareChat, Moj announce multi-year agreement with T-Series")
WhiteHat Jr Founder Karan Bajaj moves on, Trupti Mukker new CEO
Karan Bajaj, Founder and CEO of leading online learning platform WhiteHat Jr, is moving on to kick off the next chapter in his life
 "WhiteHat Jr Founder Karan Bajaj moves on, Trupti Mukker new CEO")
Stride Ventures announces first close of Stride Venture India Fund II
Stride Ventures has made disbursals of over Rs 400 crore in 2021 through 20 investments
 "Stride Ventures announces first close of Stride Venture India Fund II")
Runaya in talks with Hindalco, NALCO for setting up dross recycling plants
Runaya, founded by brothers Naivedya and Annanya Agarwal, is a start-up led by the next-gen of Vedanta Group
 "Runaya in talks with Hindalco, NALCO for setting up dross recycling plants")
Explained: How Avantha's Gautam Thapar lost control of his companies
Avantha Group fell prey to its ambitious inorganic growth and diversification
 "Explained: How Avantha's Gautam Thapar lost control of his companies")
BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round
The funding would help the firm compete and take on players such Pine Labs, Paytm and Mswipe
 "BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round")
S&P upgrades Tata Steel's long-term issuer rating to 'BB' from 'BB-'
The outlook on ratings is stable and reflects the view that the company can adequately deleverage to reduce volatility in credit metrics during industry downturns
 "S&P upgrades Tata Steel's long-term issuer rating to 'BB' from 'BB-'")
Fintech firm BharatPe valued at $2.85 bln after Tiger Global-led funding
Tech startups have recorded a surge in funding this year as investors bet on companies that are likely to benefit in the post-pandemic world.
 "Fintech firm BharatPe valued at $2.85 bln after Tiger Global-led funding")
You won't see Teslas in India anytime soon: Elon Musk will tell you why
The country's age-old, protectionist instincts have kept out international auto companies for decades.
 "You won't see Teslas in India anytime soon: Elon Musk will tell you why")
Ed-tech giant Byju's eyes $1 billion revenue in US in three years
Byju's has quietly moved into other global markets such as the UK, Australia and New Zealand
 "Ed-tech giant Byju's eyes $1 billion revenue in US in three years")