Page 2763 - Company News
Nokia partners with Google for building cloud-based 5G network infra
Nokia on Thursday partnered with Alphabet's Google Cloud unit to build 5G core network infrastructure
 "Nokia partners with Google for building cloud-based 5G network infra")
Sequoia-backed Drip Capital finances over $1 bn cross-border trade
As economies have opened up, Drip has witnessed over 50% quarter on quarter growth in the last three quarters
 "Sequoia-backed Drip Capital finances over $1 bn cross-border trade")
WhatsApp scrambles as users in big Indian market fret over privacy
Though WhatsApp has yet to see mass uninstalls of its app in India, users concerned about privacy are increasingly downloading rival apps such as Signal and Telegram
 "WhatsApp scrambles as users in big Indian market fret over privacy")
Tata Consumer Products' scrip may replace Gail India in Nifty 50 index
The free-float market cap - a key parameter for index inclusion-of Tata Consumer Products is currently at Rs 36,000 cr, while that of Gail is about Rs 30,000 cr
 "Tata Consumer Products' scrip may replace Gail India in Nifty 50 index")
Quick Heal invests $2 million in Israeli cybersecurity startup L7 Defense
The move strengthens Quick Heal's solution stack to secure modern enterprises against the next-generation of cyber-attacks
 "Quick Heal invests $2 million in Israeli cybersecurity startup L7 Defense")
E-commerce tech firm Unicommerce expands in Gulf, starts Saudi operations
E-commerce was worth $8.3 billion in 2017 in the Middle East and North Africa (MENA) region and is expected to more than triple by 2022 to reach $28.5 billion, says a study by Bain & Co and Google
 "E-commerce tech firm Unicommerce expands in Gulf, starts Saudi operations")
Lumax Group to ramp up production capacity at two key plants in 2021
A positive outlook for the overall passenger car market in the next fiscal year encouraged the firm to move ahead with its plans, said Vineet Sahni, group CEO, Lumax
 "Lumax Group to ramp up production capacity at two key plants in 2021")
Warburg ups stake in IPO-bound mortgage lender Home First Finance to 30.62%
Private equity major Warburg Pincus on Thursday said it has increased its stake in IPO-bound mortgage lender Home First Finance Company by 5 per cent to 30.62 per cent
 "Warburg ups stake in IPO-bound mortgage lender Home First Finance to 30.62%")
L&T's construction arm receives multiple orders in domestic market
Infrastructure company Larsen & Toubro (L&T) on Thursday said its construction arm has received multiple orders across its business segments in the domestic market
 "L&T's construction arm receives multiple orders in domestic market")
India Inc gets back to office cautiously, even as many MNCs remain shut
Many are testing hybrid models to ensure safety and hygiene; seat-booking module introduced in some companies
 "India Inc gets back to office cautiously, even as many MNCs remain shut")
Delhi HC issues notice to Future, RIL retail arms on Amazon's plea
The Court issued a notice in the matter and listed it for further hearing on February 12
 "Delhi HC issues notice to Future, RIL retail arms on Amazon's plea")
Adani Green's promoter sells company's shares worth over Rs 1,840 cr
Adani Trading Services LLP, a promoter entity of Adani Green, on Wednesday sold 2 crore shares of Adani Green Energy Ltd worth over Rs 1,840 through open market transactions.
 "Adani Green's promoter sells company's shares worth over Rs 1,840 cr")
Essar-Progressive Energy JV to develop UK's first low carbon hydrogen hub
The production hub will deliver clean energy to industry in the HyNet 'low carbon cluster', as well as for domestic and transport purposes
 "Essar-Progressive Energy JV to develop UK's first low carbon hydrogen hub")
Amazon takes on edtech cos Byju's, Unacademy with launch of Amazon Academy
Live lessons help students strengthen their JEE preparation. They can also track their progress over time, identify strong and weak areas, get insights on overall test-taking strategy
 "Amazon takes on edtech cos Byju's, Unacademy with launch of Amazon Academy")
Coal India increases capex by 30% for current fiscal year to Rs 13,000 cr
Move in line with Centre's directive to increase expenditure for economic revival
 "Coal India increases capex by 30% for current fiscal year to Rs 13,000 cr")
Honda puts the brakes on growth plans as scooter sales slow in India
Honda's scooter sales plunged 37 per cent year-on-year to 1,447,002 units in the first eight months of FY21
 "Honda puts the brakes on growth plans as scooter sales slow in India")
Over Rs 950-crore tax evasion by Flipkart unit, Swiggy: I-T department
Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy, said a tax official privy to the preliminary findings
 "Over Rs 950-crore tax evasion by Flipkart unit, Swiggy: I-T department")
Infosys posts 16.6% net profit growth in Dec quarter, revises FY21 guidance
Large deals, digital growth drives outperformance
 "Infosys posts 16.6% net profit growth in Dec quarter, revises FY21 guidance")
Nestle's outlook crunchy as ever, room for firm to go deeper into rural mkt
Focus on innovation, market share and product premiumisation seen boosting growth
 "Nestle's outlook crunchy as ever, room for firm to go deeper into rural mkt")
Record deal wins offer revenue visibility for Infosys in next 3 quarters
While double-digit growth in FY22 is a given, near term margins could come under pressure
 "Record deal wins offer revenue visibility for Infosys in next 3 quarters")