Page 2626 - Company News

Employee vaccination spending may not classify as CSR, says Centre

Centre reluctant; experts say it could speed up vaccine drive

Serum prices Covishield at Rs 400 for Centre, Rs 600 for private hospitals

These are the prices for institutional sales, and not the maximum retail price, which will be announced later.

Arzooo launches in-house logistics service Arzooo Express

Retail-tech startup Arzooo said it had launched an in-house logistics service that would manage the first-mile service to last-mile delivery of goods for its partner stores across the country

Stelis CEO steps down after Indian firm signs deal for Russia vaccine

Roger Lias, who accepted the CEO job at unlisted Stelis in late 2019 when the pandemic was in its early stages, left on March 31

Upstox eyes 3-4 times growth in its customer base this year to 6-8 mn

Tiger Global-backed online brokerage Upstox on Wednesday said it is aiming a customer base of 6-8 million at the end of 2021

Rapid vaccination in US, Europe may spur onsite demand for Indian IT firms

To be able to manage any uptick in such demand Indian IT services players are hiring more locals, and relying on hybrid work models

Covid-ravaged Indian cinema's plot falters, will take years to pick up

The pandemic has devastated the film business. It will take years to pick up the pieces. Part 1 of a two-part series

Cadila Healthcare testing two-shot regimen for ZyCoV-D, data likely by May

The company is conducting phase 3 efficacy trials on a three-dose regimen of its DNA plasmid technology-based Covid-19 vaccine, which is in its last leg

A global first: Tata Steel-HSBC do blockchain-enabled paperless trade deal

The live trade finance transaction involved export of steel by Tata Steel, India to Universal Tube & Plastic Industries, UAE

Surge in steel price opens up room for companies to increase rates

Steel prices started rallying from March after the Chinese New Year holiday

Rural push, new launches to sustain growth trajectory for Nestle India

Valuations are, however, rich limiting the upside potential

Merger of TV18 Broadcast, Hathway, Den Networks into Network18 called off

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme, Den said in a statement

Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation

The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments

Mahindra Lifespace to buy 3.2 acre land in Pune for expansion plans

Mahindra Lifespace Developers has agreed to buy 3.2 acre land in Pune from parent company Mahindra & Mahindra as part of its expansion plan.

IndiGo to acquire four A321ceo planes, convert them into freighter aircraft

The airline is expected to take the delivery of its first plane in the first half of 2022

Private lender DCB purchases 9% stake in NBFC Techfino Capital

DCB Bank said it has acquired 9 per cent stake in non-banking financial company Techfino Capital which is engaged in providing technology-based education and healthcare loans.

HCL Infosystems names Alok Sahu as CFO; to succeed Kapil Kapur

HCL Infosystems on Wednesday said its Chief Financial Officer Kapil Kapur has resigned from the company

Discoms overdues falls by over Rs 151 bn to Rs 740 bn in Mar: Report

The outstanding overdues of power distribution utilities fell by over Rs 15,118 crore to Rs 74,510 crore in March this year, as compared to the preceding month, according to PFC Consulting Ltd data

Pankaj Gupta quits as Google Pay engineering head to join US crypto firm

Executive says he will build Coinbase's technology hub in India 'from scratch', hire people

DCB Bank acquires equity stake in Bengaluru-based Techfino Capital

DCB Bank Limited announced on Wednesday that it has acquired a minority equity stake of approximately 9% in Bengaluru-based NBFC company Techfino Capital Private Limited