Page 2631 - Company News
With attrition back, top IT players head to the campus for hiring
Employee exits could well impact their double-digit growth plans. Going by the commentary the top three IT services will hire over 75,000 campus freshers for FY22
 "With attrition back, top IT players head to the campus for hiring")
Stage set for Indian small biz to build global brands: Amazon's Broussard
As work from home became the new normal due to the Covid-19 pandemic, Broussard said thousands of our e-commerce sellers from India played a key role in serving customers globally during this period.
 "Stage set for Indian small biz to build global brands: Amazon's Broussard")
Lo! Foods raises $1mn in pre-series A funding led by Chona Family Office
Bengaluru-based Lo! Foods on Friday said it has raised USD 1 million (about Rs 7.4 crore) in funding, led by the Chona Family Office, the erstwhile promoters of Havmor Ice Cream.
 "Lo! Foods raises $1mn in pre-series A funding led by Chona Family Office")
Sebi issues guidelines for warehousing norms for agri, non-agri goods
Markets regulator Sebi on Friday came out with guidelines for preparing warehousing norms by clearning corporations for agricultural, agri-processed, base and industrial metals goods.
 "Sebi issues guidelines for warehousing norms for agri, non-agri goods")
BHEL to procure goods worth Rs 3k crore from small biz annually: Official
Bharat Heavy Electricals Ltd will procure Rs 3,000 crore of products from small businesses annually as part of the government's efforts to encourage them, a senior official said on Friday.
 "BHEL to procure goods worth Rs 3k crore from small biz annually: Official")
Vi appoints senior executives in marketing, technology security roles
Vivek Jain returns to Vi as EVP of marketing. He worked as head of Maharashtra circle in his previous stint till October 2019
 "Vi appoints senior executives in marketing, technology security roles")
Over 100,000 LIC employees to get 16% wage hike
The government has given a go-ahead to a five-day working week for LIC employees
 "Over 100,000 LIC employees to get 16% wage hike")
IndiGo waives-off change fees on domestic bookings made from April 17-30
The airline also announced that the passengers can now do unlimited changes for new bookings made till April 30 on regular fares under this offer
 "IndiGo waives-off change fees on domestic bookings made from April 17-30")
National Aluminium Co gets mining lease for Utkal-E coal block in Odisha
National Aluminium Company Ltd (Nalco) on Friday said it has been granted the mining lease of Utkal-E coal block in Odisha
 "National Aluminium Co gets mining lease for Utkal-E coal block in Odisha")
Transported 81,437 kg of Covid vaccines between Jan 12 and Apr 12: IndiGo
IndiGo airline transported a total of 81,437 kg of Covid-19 vaccines between January 12 and April 12
 "Transported 81,437 kg of Covid vaccines between Jan 12 and Apr 12: IndiGo")
Ashok Leyland supplies bullet proof vehicle to Indian Air Force
The firm has delivered the first light bullet proof vehicle to Indian Air Force (IAF)
 "Ashok Leyland supplies bullet proof vehicle to Indian Air Force")
Tata Steel Mining aims to double ferro chrome capacity to 900,000 tonne
Had acquired three Chromite mines with 50-year leases in the 2020 mineral auctions
 "Tata Steel Mining aims to double ferro chrome capacity to 900,000 tonne")
Jindal Steel exits Oman biz via balance 51% stake sale to Vulcan Steel
Jindal Steel owned 48.99% in the Oman unit via Jindal Steel & Power (Mauritius) Ltd. The former had made the deal to exit Oman biz last September
 "Jindal Steel exits Oman biz via balance 51% stake sale to Vulcan Steel")
L&T construction arm bags significant contracts for various businesses
The arm has secured orders from prestigious clients for its various businesses
 "L&T construction arm bags significant contracts for various businesses")
Maruti Suzuki hikes prices by up to Rs 22,500 to offset input costs
Barring Celerio and Swift, all the models of the company will be covered under the price increase exercise
 "Maruti Suzuki hikes prices by up to Rs 22,500 to offset input costs")
Air India sale: A previously rejected plan resurfaces as a fall-back option
The fall-back option under discussion is to allow Air India Express to raise money through the market by listing on the bourses
 "Air India sale: A previously rejected plan resurfaces as a fall-back option")
Citi's exit from retail banking an opportunity for Indian banks: Analysts
Among its various business verticals, analysts say Citi's credit card business will be most sought after by suitors
 "Citi's exit from retail banking an opportunity for Indian banks: Analysts")
Fortis Escorts Heart Institute receives Sebi notice in funds diversion case
Fortis Healthcare on Friday said its subsidiary, Escorts Heart Institute, has received a notice from SEBI in the matter related to the alleged diversion of funds by its erstwhile promoters
 "Fortis Escorts Heart Institute receives Sebi notice in funds diversion case")
Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons
Business services provider Quess Corp on Friday said it will acquire the remaining 30 per cent equity stake in Conneqt Business Solutions Ltd from Tata Sons for Rs 2.08 billion
 "Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons")
FMCG startup AnKa SumMor raises Rs 3 cr in pre-Series A round led by IPV
AnKa SumMor works with FMCG brands to help them scale up their businesses rapidly
 "FMCG startup AnKa SumMor raises Rs 3 cr in pre-Series A round led by IPV")