Page 2720 - Company News
Biden seeks more foreign workers while skirting H-1B visa uproar
Companies like Google, Apple and Facebook have for years pressed to increase the number of tech workers allowed into the US
 "Biden seeks more foreign workers while skirting H-1B visa uproar")
Ola to deploy ABB automation solutions for rollout of electric scooters
Ola's electric scooter factory will have an initial annual capacity of around 2 million units and will create around 10,000 jobs
 "Ola to deploy ABB automation solutions for rollout of electric scooters")
Prestige Group partners Awfis to set up 6 co-working centres
Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai
 "Prestige Group partners Awfis to set up 6 co-working centres")
Tyre maker TVS Srichakra's profit rises 124% to Rs 46.32 cr in Q3
During the third quarter, the company's revenue rose to Rs 553.31 crore from Rs 497.54 crore in the year ago period, an increase of around 11.20 per cent
 "Tyre maker TVS Srichakra's profit rises 124% to Rs 46.32 cr in Q3")
MRF profit grows 116% to Rs 511.72 cr in Dec quarter, revenue rises 14%
The company's stock, which was trading at around Rs 97,000 on Thursday morning, dropped to Rs 94,428.10 (at 12.55 p.m) after the results were announced
 "MRF profit grows 116% to Rs 511.72 cr in Dec quarter, revenue rises 14%")
ArcelorMittal announces $1 billion cost savings plan, restarts dividend
ArcelorMittal said it had benefited from a gradual recovery in steel demand resulting in higher steel shipments and improved margins as well as a better mining performance
 "ArcelorMittal announces $1 billion cost savings plan, restarts dividend")
Gulf Oil Lubricants partners Gulf Oil Intl for exploring EV charging space
The charging station market, as per estimates, is expected to have a good potential in coming years, wherein around 50-60 per cent is expected to be in residential charging solutions
 "Gulf Oil Lubricants partners Gulf Oil Intl for exploring EV charging space")
BharatPe raises Rs 786 crore in Series D funding at Rs 6,552 cr valuation
The company has raised $90 million (over 655 crore) in primary fund raise, and ensured secondary exit for its angel investors and employees for a total amount of $18 million (nearly Rs 131 crore)
 "BharatPe raises Rs 786 crore in Series D funding at Rs 6,552 cr valuation")
Royal Enfield Himalayan gets Tripper navigation system among other upgrades
Priced Rs 201,314 (ex-showroom, Chennai) onwards, the Himalayan 2021 is currently available for bookings and test rides in India
 "Royal Enfield Himalayan gets Tripper navigation system among other upgrades")
Aditya Mittal set to take over from his father as CEO of ArcelorMittal
The company also said it will pay a dividend of 30 cents a share. The steelmaking giant halted payouts following a collapse in demand last year
 "Aditya Mittal set to take over from his father as CEO of ArcelorMittal")
SpiceJet to start 24 domestic flights from various cities including Ajmer
Flights between Ahmedabad-Bagdogra-Ahmedabad and Chennai -Kolkata -Chennai will operate three days a week while flights from Patna will operate five days a week to Bengaluru and twice a week to Surat
 "SpiceJet to start 24 domestic flights from various cities including Ajmer")
Blue Star launches a new range of refrigerators, ideal for storing vaccines
Ice lined refrigerators are ideal for vaccination programmes due to their ability to maintain a desired temperature even without power for up to as long as 48 hours. says Blue Star
 "Blue Star launches a new range of refrigerators, ideal for storing vaccines")
Top headlines: Govt comes down heavily on Twitter, IndiGo starts hiring
Business Standard brings you the top headlines at this hour
 "Top headlines: Govt comes down heavily on Twitter, IndiGo starts hiring")
Royal Enfield aims to claim pole position in mid-sized bikes globally
Its presence abroad currently is either through exclusive stores or multi-brand outlets; It now seeks to set up CKD units in priority markets in APAC and LatAm region
 "Royal Enfield aims to claim pole position in mid-sized bikes globally")
BPCL to buy out Oman Oil's 36.62% stake in Bina refinery for Rs 2,400 cr
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it will buyout Oman Oil Company's shares in the Bina refinery project for about Rs 2,400 crore.
 "BPCL to buy out Oman Oil's 36.62% stake in Bina refinery for Rs 2,400 cr")
From Netflix to Amazon, OTT players finalise regulation rulebook
Code highlights two-stage grievance redress model
 "From Netflix to Amazon, OTT players finalise regulation rulebook")
IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet
The pandemic hit few sectors harder than air travel, wiping out tens of thousands of jobs. IndiGo had slashed its workforce by 10 per cent last year in view of travel disruptions
 "IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet")
Adar Poonawalla to acquire 60% in Magma Fincorp for Rs 3,456-crore
As a part of deal, Magma will get fresh capital of Rs 3,456 crore
 "Adar Poonawalla to acquire 60% in Magma Fincorp for Rs 3,456-crore")
Realty firm Prestige Group partners Awfis to set up 6 co-working centres
Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai with an investment of about Rs 40 crore.
Centre, states owe Air India Rs 498 crore, says Hardeep Singh Puri
The Centre and states owe Air India Rs 498.17 crore as on December 31, 2020 for VVIP travel, evacuation operations, travel of foreign dignitaries among other services, Puri said Wednesday
 "Centre, states owe Air India Rs 498 crore, says Hardeep Singh Puri")