Page 2528 - Company News

Honda plans to hike vehicle prices from August as input costs go up sharply

The company is currently working out the details of the price hike which would be implemented from August

Furlenco raises $140 million to enter new cities, widen portfolio

Currently in 13 cities, firm will serve 15 cities by year-end, including Tier-2 market; also exploring options to enter Dubai and Singapore next year

Tata Motors to remain sharply focused on high-growth segments of the market

Encouraged by turnaround in passenger vehicle business in terms of volumes, market share and brand recall, the firm is no longer in a hurry to forge JV or enter technical tie-ups

81% consumers back e-commerce rules, want clarity on services-based biz

LocalCircles study says 64% want the rules across "all electronically sold services like app-based food delivery, app taxis, home repair, salon, airline & railway ticketing, OTT subscription, payments

E-commerce cos say new rules will hurt biz, urge govt to extend deadline

Govt is studying industry comments, will take a call on making relevant changes before the rules are finalised

Air India flyer seeks damages over data breach of 4.5 million passengers

An Air India flyer has sought damages from the airline after the recent leak of personal data of 4.5 million passengers including hers and her husband's.

Oye! Rickshaw looks to invest $500 million over the next three years

The investments will be for creation of battery swapping infrastructure across India

Lenders looking to enforce guarantees of former promoters of Aircel

Maxis gave Rs 12,000 cr guarantees to SBI

Consumer-centric retail, telecom biz help RIL stay afloat amid Covid-19

The relatively young consumer-centric retail and telecom businesses have helped the conglomerate even as it seeks mega scale in renewable energy

Telecom Watchdog wants govt to reject Vi plea for deferring payments

Vodafone Idea can raise funds through equity sale or promoters can infuse capital Telecom Watchdog said while demanding rejection of company's request seeking more time to pay dues of Rs 8,292 crore.

China orders Didi to be removed from app stores, days after mega US listing

The Cyberspace Administration of China (CAC) said on its social media feed that it had ordered Didi to make changes to comply with Chinese data protection rules.

BPCL's R&D centre bags 80 patents in 20 years; over 50 more pending

BPCL has bagged as many as 80 national and international patents in the past two decades, and approvals for 53 more filings are pending

TCPL to work closely with BigBasket to drive 'win-win' synergies: CEO

FMCG firm Tata Consumer Products Ltd (TCPL) will work "very closely" with BigBasket, recently acquired by the Tata Group, to drive win-win synergies, according to company's MD and CEO, Sunil D'Souza

ONGC's rating downgraded in line with India's sovereign rating

State-run Oil and Natural Gas Corporation Ltd (ONGC) and its subsidiary ONGC Videsh have witnessed a ratings downgrade with a negative outlook, courtesy a similar Indian sovereign rating.

JK Cement sees 10% revenue growth in FY22, aims to be 25-MT firm in 5 years

JK Cement Ltd, part of J.K. Organisation, targets up to 10% growth in its revenue this fiscal, helped by the government's push for infrastructure, pent-up demand said top company official.

Inherent strength of offline retail will remain intact in long-run: Vivo

The pandemic may have impacted the offline retail business for a few months over last two waves but inherent strength of brick-and-mortar retail will remain intact said Nipun Marya of Vivo India

Amazon launches IP Accelerator programme in India for businesses

E-commerce major Amazon on Sunday announced the launch of its Intellectual Property Accelerator (IP Accelerator) programme in India to provide sellers with access to services from IP expert, law firm.

Airtel Payments Bank sees surge in biz, hopeful of break-even in FY22

Airtel Payments Bank has seen a surge in business volumes in FY21 as lockdown curbs spurred new accounts as well as transactions, and company is eyeing a break-even this fiscal, a top official said

NGT directs Jindal Saw to Pay Rs 4 cr compensation for damaging houses

National Green Tribunal has directed Jindal Saw Ltd to deposit Rs 4 crore as compensation as illegal blasting by it had caused damage to houses in Pur village in Rajasthan's Bhilwara district

Amul turnover rises by 2% to Rs 39,200 cr in FY21 despite Covid: MD Sodhi

The total turnover of GCMMF, which markets dairy products under Amul brand, grew 2 per cent to Rs 39,200 crore despite the Covid-19 pandemic, its Managing Director R S Sodhi said on Sunday.