Page 2532 - Company News

Arun Jaitley Institute, Microsoft tie up to build AI, emerging tech centre

The two entities will jointly explore use cases of emerging technologies in finance and related areas, across central and state ministries and PSUs

Srei Infrastructure Finance to raise up to Rs 2,500 crore equity capital

Plans to issue one or more instruments through public offer, QIP, private placement, preferential or rights issue

Abbott launches pea-sized life-saving device for babies with hole in heart

The device is particularly useful for tiny babies who may not be able to undergo surgery to repair their hearts

RIL's gigafactory-sized ambition for hydrogen could be a game changer

If Reliance's gigafactories can deliver hydrogen at a scale, it will push decarbonisation into new frontiers.

MakeMyTrip announces mandatory paid offs for employees this year

The company has unveiled the wellness policy by hosting Jumpstart Week with employee engagement activities to reinvigorate the workforce.

Royal London expands ties with TCS for ramping up its pension platform

TCS will leverage its Machine First Delivery Model (MFDM) and Location Independent Agile model to help the firm achieve its digital strategy, gain business agility and drive deeper customer engagement

SKODA AUTO DigiLab and Volkswagen IT Services kick-off i-mobilothon

i-mobilothon offers an inclusive, agile and multi-disciplinary collaborative environment for code developers to leverage skills in building prototypes that drive real business impact at scale

Vodafone Idea's auditors raise doubts over its 'going concern' status

In its notes to the financial results for FY21 and the fourth quarter of last fiscal, the company said that the group has incurred losses of Rs 44,233.1 crore for the year ended March 31

H&M swings back to profit as Covid restrictions ease, stores reopen

Fashion retailer H&M on Thursday reported a bigger than expected second quarter profit

Sebi bars Biocon's official from securities mkt for 3 months, levies fine

Regulator Sebi has restrained an official of Biocon Ltd from accessing the securities market for three months and also levied monetary penalty for contravening insider trading norms.

Gail eyes 1 GW renewable energy capacity, to set up biogas, ethanol plants

Gail (India) Ltd will invest about Rs 5,000 crore to build a portfolio of at least 1 gigawatts of renewable energy and set up compressed biogas as well as ethanol plants

Sky-high battle between satellite service providers and telcos for spectrum

Satellite companies are demanding spectrum free or at a nominal administered price as is done in other parts of the world. The move is being vehemently opposed by telcos through the COAI

India Inc getting back in biz with no-jab-no-entry, thrust on vaccine drive

Companies gear up to protect employees after second wave disrupts operations

Record disbursal, cheaper fund cost buoy IRFC net by 126% to Rs 1,482 cr

IRFC has reported a 126 per cent jump in net income to record Rs 1,482.55 crore in the March quarter, mainly due to higher interest income from record disbursals and cheaper funds.

Decoded: Why Brazilian govt is under scrutiny over Bharat Biotech vaccine

The Brazilian media has reported that though Bharat Biotech initially quoted a price of $1.34 per dose, the Brazilian govt agreed to pay $15 per shot, having ignored Pfizer's offer at a lower price

Telcos sustain growth but FY21 revenue still far from FY16 peak

Report combined net sales of Rs 1.87 trn as against Rs 2.24 trn posted 5 years ago

Prospects in key segments to keep Laurus Labs' growth trajectory strong

The stock has seen a six-fold jump in value over the last one year

Promoters of over 500 listed firms lose monopoly over independent directors

Voting threshold in favour of appointments will now be 75 per cent, according to Sebi norms.

Inflection Point Ventures leads in early-stage round in AR start-up peAR

The startup's proprietary image to 3D model technology has enabled it to make 3D models of the food at scale

Tata Steel ramps up financials amid Covid; recommends highest ever dividend

Firm reduced net debt by Rs 29,390 crore taking consolidated net debt to Rs 75,389 crore in FY21