Page 2641 - Company News

Amazon moves SC, challenges lifting of stay on Future-RIL deal by Delhi HC

Amazon has moved the Supreme Court challenging the Delhi High Court's division bench order that had vacated a stay on Kishore Biyani-led Future proceeding with its Rs 24,713 crore asset sale to RIL

Tesla scouts for showroom space in India, hires exec for lobbying: Report

The electric-car maker in Jan registered a local company in India, where it is expected to import and sell the Model 3 sedan by as early as mid-2021, seeking to target rich customers in a niche market

Mukesh Ambani to appeal against Rs 25-crore penalty imposed by Sebi

Reliance Industries Chairman Mukesh Ambani will appeal against the fine imposed by market regulator Sebi over alleged irregularities in a two-decade-old share issue in the company, the firm said

PLI to help create complete component ecosystem in India, says ICEA

The production-linked incentive (PLI) scheme announced by the government for air-conditioners and LED lights will help create a complete component ecosystem in India, mobile industry body ICEA said.

Vi Business forays into integrated IoT, plans expansion of cloud services

Vodafone Idea announced foray into integrated Internet of Things space for enterprises segment as it looks to transform itself from a traditional connectivity service provider to a technology company.

State-run BSNL, MTNL yet to clear AGR dues of over Rs 10,000 crore

State-run telecom firms BSNL and MTNL have not cleared their adjusted gross revenue (AGR) dues of over Rs 10,000 crore as calculated by the Department of Telecom, according to an official source.

Nucleus Software names Parag Bhise as CEO as R P Singh calls it a day

Bhise's appointment is effective April 1, 2021; Singh retires after 35 years with the company

Jio potentially saved $400 mn with recent spectrum trading deal: Report

Jio's spectrum trading pact with Airtel has enabled India's largest telco to top-up its holding in three key circles and yielded potential savings of about $400 million, according to a report

Vi launches new IoT offering, eyes digital India, smart city projects

Competition heats up in enterprise segment with Airtel having launched its IoT solution on Wednesday

India Inc must build digital ethics into its business model: Deloitte, BCIC

Paper cites example of cab aggregator services, where user behaviour and travel patterns ostensibly recorded to improve user experience are actually used to extract more out of the customer

Excess liquidity in US pushing PE and VC investment in India: Report

The report suggests that looking ahead the deal pipeline remains robust and investment teams of most large and medium-sized PE funds are working flat out negotiating multiple deals

Kalyan Jewellers reports revenue growth of 60% in Q4 FY'21 for India ops

Kalyan Jewellers on Thursday said it has witnessed a robust increase in consumer demand and seen revenue growth of nearly 60 per cent in its India operations in the fourth quarter ended March 31, 2021

Amazon reveals scorching growth in India as Flipkart fight deepens

The US online giant said it has enabled exports of Indian-made goods worth $3 billion and created over a million local jobs since it began operating in the Asian nation about a decade ago

Hero MotoCorp to bear coronavirus vaccination cost of its workforce

The country's largest two wheeler maker Hero MotoCorp on Thursday said it will cover the Covid-19 vaccination cost of its workforce, including permanent and contractual employees

Coal India records all-time high capex of Rs 13,115 crore in FY'21

Coal India on Thursday said its capital expenditure (capex) grew more than two-folds to hit an all-time high of Rs 13,115 crore in the just concluded fiscal

Infosys, ArcelorMittal announce strategic tie-up for digital transformation

Infosys to deliver next-generation application and business process management services to ArcelorMittal

PhonePe sees rising demand for Covid insurance with increasing cases

PhonePe said on Thursday that coronavirus insurance has seen widespread adoption lately with 75 per cent of its policies bought by customers in smaller towns outside the tier-1 cities

Helped 2.5 mn MSMEs in India go online, enabled exports worth $3 bn: Amazon

Amazon India on Thursday said it has digitised 2.5 million MSMEs, enabled cumulative exports worth $3 billion and helped create nearly one million jobs in the country

JSW Steel output grows 6% in fourth quarter; registers 6% fall in FY21

JSW Steel on Thursday reported nearly 6 per cent year-on-year increase in its output at 4.19 million tonne (MT) for the quarter ended March 31, 2021

Renault joins hands with CERO Recycling for vehicle scrapping programme

Automaker Renault India on Thursday said it has launched a vehicle scrapping programme in partnership with the country's first organised scrap vehicle recycling company CERO