Page 2973 - Company News
Livspace raises $90 mn in round led by Kharis Capital, Venturi Partners
Bengaluru-based Livspace said it has raised $90 million (about Rs 660 crore) in a funding round led by Swiss investment firm Kharis Capital and Venturi Partners.
 "Livspace raises $90 mn in round led by Kharis Capital, Venturi Partners")
Corporate revenues slide 31% in Q1, profit margin drop not as stark: Icra
Sectors like airlines, hotels, retail, automotive, consumer durables which represent discretionary spending were significantly impacted
 "Corporate revenues slide 31% in Q1, profit margin drop not as stark: Icra")
AGR case: The govt should be filing a review petition, says Kapil Sibal
Sibal says the government should feel aggrieved that its decision - to grant 20 years to telecom companies to make the payment - has been turned down
 "AGR case: The govt should be filing a review petition, says Kapil Sibal")
TVS Motor looks to gain speed in performance bike market despite Covid-19
Having acquired iconic British brand Norton in April, the Chennai-based company is looking to gain speed in the performance bike market
 "TVS Motor looks to gain speed in performance bike market despite Covid-19")
Infosys to acquire US-based Kaleidoscope Innovation for up to $42 million
India's second largest IT services firm Infosys said it will acquire US-based product design and development firm Kaleidoscope Innovation for up to $42 million (about Rs 308 crore)
 "Infosys to acquire US-based Kaleidoscope Innovation for up to $42 million")
How Covid-19 gives India's private airlines a chance to go international
Private airlines in India are battling losses. The crisis gives them an opportunity, but there are challenges, too. Sai Manish lists the challenges for an Indian private airline to fly international
 "How Covid-19 gives India's private airlines a chance to go international")
Infosys to acquire US-based firm Kaleidoscope Innovation for $42 million
Will pick up 100% stake in a deal that is expected to close during the second quarter of fiscal 2021
India Inc to spend 50% of cloud budget on hybrid in 3 years: IBM Survey
Currently 17% of IT spend is allocated to cloud
 "India Inc to spend 50% of cloud budget on hybrid in 3 years: IBM Survey")
RBL Bank launches cardless cash withdrawal facility through ATMs
RBL Bank on Thursday said it has launched cardless cash withdrawal facility from ATMs, leveraging the Instant Money Transfer (IMT) system
 "RBL Bank launches cardless cash withdrawal facility through ATMs")
Strides Pharma gets US FDA nod for generic anti-inflammatory drug
Drug firm Strides Pharma Science said it has received approval from the US health regulator for generic Prednisone tablets used as an anti-inflammatory medication
 "Strides Pharma gets US FDA nod for generic anti-inflammatory drug")
Tata Power wins Rs 490 cr defence order for all-weather rocket system
Contract to be executed in 31 Months after accord of Bulk Production Clearance, and once First off Production Model is validated
 "Tata Power wins Rs 490 cr defence order for all-weather rocket system")
APEC expects 40% increase in apparel exports led by medical textiles
Council chief Welcomes Govt's readiness to sign limited deal with US, urges review of key trading pacts in order to remove disadvantages
 "APEC expects 40% increase in apparel exports led by medical textiles")
IL&FS to file bankruptcy for its offshore firms IIDL, IIDMCC in UAE
Debt-ridden IL&FS has proposed to initiate bankruptcy proceedings for two of its offshore firms - ITNL Infrastructure Developers LLC (IIDL) and ITNL International DMCC (IIDMCC) - in courts of the UAE
 "IL&FS to file bankruptcy for its offshore firms IIDL, IIDMCC in UAE")
Likely disruption of production in the short term, due to Covid-19: HAL CMD
Aerospace behemoth Hindustan Aeronautics said there could be likely disruption of production in the short term, with established supply chains getting affected, because of Covid-19
 "Likely disruption of production in the short term, due to Covid-19: HAL CMD")
Airlines are removing seats to make space for gadgets and seafood
The grounding of passenger planes at a time of increased demand for everything from medical supplies to iPhones has boosted freight rates
Fairness cream firms get innovative with marketing, use synonyms for 'fair'
Estimated at Rs 5,000 crore in size and used by both men and women in India, the fairness category for years has been criticised for promoting gender discrimination
 "Fairness cream firms get innovative with marketing, use synonyms for 'fair'")
JSPL consolidated steel sales up by 38% in August at 836,000 tonnes
With 836,000 tonnes sales during August against 606,000 tonnes in the corresponding period of the previous year
 "JSPL consolidated steel sales up by 38% in August at 836,000 tonnes")
Tata Motors domestic sales up 21.6% YoY in August to 35,420 units
This is the sharpest increase seen in the company's passenger vehicle sales in more than a year
 "Tata Motors domestic sales up 21.6% YoY in August to 35,420 units")
Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report
The fundraising is crucial for cash-strapped Vodafone Idea to pay government dues and invest in upgrading its network
 "Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report")
TVS Motor infuses additional Rs 30 cr in Ultraviolette Automotive
Ultraviolette recently unveiled India's first high-performance electric motorcycle - the F77 and is now gearing up to launch the motorcycle in the market
 "TVS Motor infuses additional Rs 30 cr in Ultraviolette Automotive")