Page 2756 - Company News

JLL India CEO Ramesh Nair steps down, to be succeeded by Radha Dhir

Dhir earlier served as group president at Yes Bank, where she was head of multinational corporate banking

Serum Institute submits reply in Pune court over 'Covishield' lawsuit

Serum Institute of India (SII) is manufacturing anti-coronavirus vaccine called ''Covishield''

Lower taxes, opening of channels to aid volume recovery at United Breweries

Falling input prices, cost cuts to improve margins

Google, Lightbox, others invest $40 mn in e-comm, delivery startup Dunzo

Dunzo witnessed a robust growth amid the Coronavirus (Covid-19) pandemic and is now a $100 million annualised GMV value business

Apple supplier Pegatron Corporation leases 500,000 sq ft in Tamil Nadu

Pegatron will be the second contract manufacturer to assemble Apple iPhones in Tamil Nadu, after Foxconn

Vedanta Resources settles copper mine pollution claim in Zambia

The claim, centering on pollution from the Nchanga Copper Mine, was brought by more than 2,500 Zambian villagers against KCM

Govt appoints Siddhartha Mohanty as managing director of LIC from Feb 1

He is currently the MD & CEO of LIC Housing Finance

Cognizant to acquire US-based software firm Magenic for undisclosed sum

Magenic Technologies is a custom software development services company

Amazon's accelerator scheme to help Indian startups create global brands

The e-commerce giant has launched Amazon Global Selling Propel (AGSP), an initiative designed to provide dedicated support to emerging Indian brands and startups to reach customers the world over

HT Media third quarter net profit decreases 54% to Rs 9 crore

HT Media reported 54.08 per cent fall in consolidated net profit at Rs 9.43 crore for the quarter ended December 31

Interview with Vipul Tuli on India's energy sector and the challenges ahead

The company has shifted its focus towards green energy and recently commissioned 800 megawatt of wind power projects

Welspun One Logistics Parks launches Rs 500 cr warehousing focused fund

Named Welspun One Logistics Parks Fund I" the fund is a SEBI-registered Category II AIF

Agritech firm DeHaat raises $30 million to fund its expansion plan

Based in Gurgaon and Patna, DeHaat was founded in 2012 by Amrendra Singh, Shyam Sundar, Adarsh Srivastav and Shashank Kumar

JBM Auto bags order for 700 low floor BS-VI compliant buses for DTC

The buses also have features like electronic braking system, public address system and kneeling mechanism

Bridgestone India launches new drive axle tyre for commercial vehicles

Tyre maker Bridgestone India on Friday launched a new tyre, V-Steel Mix M721, for commercial vehicles to establish a strong presence in the drive axle tyre category

Dunzo raises $40 million in funding from Google, Lightbox and others

The funding round saw participation from new and existing investors, including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria, among others

Salesforce Ventures leads funding round of $15 mn in tech startup Darwinbox

Darwinbox is a human resources technology platform and its technology powers more than 500 global enterprises with over 1 million employees spread across 60 countries

Tata Capital's PE fund raises Rs 1,250 cr to invest in urbanisation, others

The areas include manufacturing

SoftBank-backed Hike shuts down, vanishes from app stores in India

The startup valued at $1.4 billion in a 2016 funding round announced its app was going off the air earlier this month without explanation

Round-2 of Sebamed-HUL ad war: German firm offers free test kits for soaps

Company says has avoided comparative advertising after HC order, kits can be used to check pH value of soaps; verdict of ongoing court battle on Tuesday