Page 2650 - Company News

Future Retail to offer quick online deliveries in bet on e-commerce

Popular online grocery service BigBasket, in which India's Tata Group is seeking to acquire a majority stake, and Amazon both offer quick online deliveries in India.

Sales to sustain despite stamp duty reversal, say Mumbai realtors

Growth in the value of properties registered was 1.4 times the number between September 2019 and March last year.

Jeh Wadia steps down as managing director of Bombay Dyeing & Manufacturing

As an interim measure its day-to-day management would be looked after by the CEO and CFO of the company.

NCLAT removes stay on Reserve Bank of India action against Srei group

NCLT had passed an order preventing regulatory authorities from taking any coercive steps against the company

Ford and Mahindra to end collaboration on all projects in India

Michigan-based Ford entered India 25 years ago, but it has only a 2% share of a market dominated by Suzuki Motor Corp and Hyundai Motor's extensive line-up of mainly low-cost cars

Debt-laden IL&FS sells 49% stake in China road asset for Rs 1K crore

IL&FS has duly received Rs 1,035 crore (or $141.3 million) in Singapore as part of this stake sale transaction

Inflection Point Ventures bets big on analytics start-up Circus Social

The platform has rolled out an investment corpus of Rs 155 crore for 2021 across 60 plus start-ups

Video startup Chingari raises $13 mn, plans 100 mn users in 6 months

Homegrown Chingari said it will use the funds to grow from 56 million users to over 100 million in two quarters, enhance its content, and hire talent

NIIF invests Rs 2,100 cr in Manipal Hospitals, its first in health space

Manipal Hospitals had signed a deal to acquire India biz of Columbia Asia Hospitals last year.

US fund Interups enters Indian skies with 49% stake purchase in Trujet

Exact investment sum yet to be finalised; Interups had earlier bid for Air India but withdrew its offer as the airline's employees were unwilling to join hands for the bid

Last day to submit EoI for semiconductor fabrication units pushed back

Firms need more time to prepare their DPRs: Govt

Tata Motors completes transfer of defence biz to TASL for Rs 227.7 cr

Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore.

3i Infotech appoints Thompson Gnanam as new managing director, global CEO

3i Infotech Ltd on Thursday said Thompson Gnanam has been appointed as the company's managing director and global CEO, with immediate effect.

L&T Technology Services announces Amit Chadha as CEO & MD

Chadha's overall career spans over two decades in core engineering and information technology outsourcing

Wipro takes over Metro-NOM GMBH, Metro Systems Romania for 52.04 mn euros

IT services major Wipro on Thursday said it has completed the takeover of Metro-NOM GMBH and Metro Systems Romania SRL for 52.04 million euros (about Rs 448.6 crore)

Major auto firms log robust sales in March on pent up demand

Shift towards personal mobility also helped companies post robust sales

Amit Chadha takes charge as MD and CEO of L&T Technology Services

Prior to his elevation, Chadha was serving as the deputy CEO and whole-time board member

Hero MotoCorp sell 576,957 units in March on recovery in consumer demand

In March this year, the company registered highest-ever sales in Global Business in a single month by clocking 32,617 units

Debt-laden IL&FS announces completion of 49% stake sale in China road asset

The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018)

Paytm says recorded 1.4 billion transactions in March

The firm said it continues to register, on average, 15% month-on-month growth