Page 2765 - Company News
Telegram crosses 500-mn subscriber mark led by user additions in Asia
Telegram crossed 500-million subscriber mark globally and added 25 million new users in the last few days as it gained ground amid the controversy over WhatsApp's latest privacy policy update.
 "Telegram crosses 500-mn subscriber mark led by user additions in Asia")
Paytm says could turn profitable in 2021 as Covid-19 earns it users
Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments
 "Paytm says could turn profitable in 2021 as Covid-19 earns it users")
Motilal Oswal's real estate arm to raise Rs 800 crore via fifth fund
The fund has been set up as an alternate investment fund, firm expects to achieve first close by March and conclude fundraising in the next 6-9 months
 "Motilal Oswal's real estate arm to raise Rs 800 crore via fifth fund")
Tiger Global, others buy $50 mn shares from existing investors of Unacademy
The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment
 "Tiger Global, others buy $50 mn shares from existing investors of Unacademy")
Paytm Money to offer F&O trading, eyes facilitating turnover of Rs 1.5 trn
The platform - which also offers services around stocks, direct mutual funds, ETF, IPO, NPS, and digital gold - is focussed on bringing wealth services to 100 million Indians
 "Paytm Money to offer F&O trading, eyes facilitating turnover of Rs 1.5 trn")
Hike in FPI limit, improving outlook positive signals for Bharti Airtel
Shares of the telecom operator hit a seven-month high of Rs 601.8 on BSE
 "Hike in FPI limit, improving outlook positive signals for Bharti Airtel")
Sterlite Power says Ricardo Zangirolami, its CEO in Brazil, resigned
He will be replaced by Amitabh Prasad in February, according to a statement
Indian Oil cancels LNG import tender due to higher prices: Report
Indian Oil Corp has cancelled its tender to import liquefied natural gas (LNG) for delivery in mid February due to higher prices, two trade sources familiar with the matter said.
 "Indian Oil cancels LNG import tender due to higher prices: Report")
Citi appoints Shahmir Khaliq as head of Treasury and Trade Solutions
Khaliq, who was the head of Operations and Technology at TTS, has also served as the company's global head of Direct Custody & Clearing within Markets and Securities Services unit
 "Citi appoints Shahmir Khaliq as head of Treasury and Trade Solutions")
Global consumption will remain depressed in first half of year: Unilever
The company would grow ahead of the broader market and he does not expect any hits to margins over the near term.
 "Global consumption will remain depressed in first half of year: Unilever")
DLF-Hines JV to invest Rs 1,300 cr on construction of Gurugram project
Realty major DLF and US-based Hines will invest around Rs 1,300 crore to construct the first phase of a premium commercial project, largely office space, in Gurugram, a senior company official said.
 "DLF-Hines JV to invest Rs 1,300 cr on construction of Gurugram project")
Infosys to acquire assets, onboard employees of Australia's Carter Digital
IT services major Infosys on Wednesday said it will purchase assets and onboard employees of Carter Digital, an Australian experience design agency.
 "Infosys to acquire assets, onboard employees of Australia's Carter Digital")
CESC consolidated net profit rises 25% to Rs 328 crore in December quarter
Power utility CESC Ltd on Wednesday reported a 25-per cent on-year rise in consolidated net profit to Rs 328 crore for the December quarter.
 "CESC consolidated net profit rises 25% to Rs 328 crore in December quarter")
Essar to invest 750 million pound to set up hydrogen project in UK
Essar Group in partnership with clean energy specialist Progressive Energy will invest 750 million pound to build the UK's biggest low carbon hydrogen production hub
 "Essar to invest 750 million pound to set up hydrogen project in UK")
Sterlite Power completes merger of Sterlite Power Grid Ventures with itself
Sterlite Power on Wednesday announced completion of merger of its arm Sterlite Power Grid Ventures Ltd with itself.
 "Sterlite Power completes merger of Sterlite Power Grid Ventures with itself")
Farmers' body asks PM Modi to withdraw bill on cigarette, tobacco
Farmers' body asked PM Modi to recall the proposed bill to amend the law regarding cigarettes and other tobacco products
 "Farmers' body asks PM Modi to withdraw bill on cigarette, tobacco")
Larsen & Toubro bags orders up to Rs 2,500 crore for construction jobs
L & T said on Wednesday it has won orders for construction of metallurgical plants besides power transmission and distribution projects in the range of Rs 1,000 crore to 2,500 crore.
 "Larsen & Toubro bags orders up to Rs 2,500 crore for construction jobs")
M&M cuts over half of North America workforce over pandemic: Report
Positions include engineers and manufacturing jobs at its plant in Detroit that produces the off-road vehicle Roxor, as well as sales executives
 "M&M cuts over half of North America workforce over pandemic: Report")
Chennai airport's new terminal to be commissioned by 2022-end: AAI
The Chennai airport's new integrated terminal, which would be constructed after demolishing existing terminals 2 and 3, would be commissioned by December 2022
 "Chennai airport's new terminal to be commissioned by 2022-end: AAI")
Amazon India launches online academy to coach JEE aspirants
Amazon.com Inc has launched an online academy to train students for one of India's most competitive college entrance tests
 "Amazon India launches online academy to coach JEE aspirants")