Page 3051 - Company News

Indian SaaS industry revenue can grow 6-fold to $13-15 bn by 2025: Report

India's software as a service (SaaS) revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 per cent and 75 per cent of it came from global sales.

Coffee Day board likely to deliberate on investigation report on Friday

Sources said the management and BSR & Associates had several differences over valuation of subsidiaries

Air India staff salaries will be restored when situation improves: Govt

Pilots say five-year leave without pay as good as layoff, threaten litigation which may hurt airline's privatisation process

PNC Infra bags 2 contracts after govt cancels lowest bid from Chinese firm

The bids submitted by Jiangxi Construction have been annulled after the government decided to restrict Chinese companies in India

No employee will lose job, says Air India, but cuts allowances by up to 50%

On Wednesday, Air India announced reduction in the allowances of its employees, who have a monthly gross salary of more than Rs 25,000, by up to 50 per cent

ArcelorMittal's holding firm starts ops at Odisha's Thakureni iron ore mine

The Thakurani block, with estimated reserves of around 179 million tonne, will make a valuable contribution to AM/NS India's long-term raw material requirements

Unilever to retain tea business in India, Indonesia after portfolio review

In January, Unilever had announced a strategic review of the global tea business, which includes leading brands such as Lipton, Brooke Bond and PG Tips

Cheaper favipiravir brand gets nod, to enter market at Rs 59 a pill

The product comes Pune-based Brinton Pharma; Glenmark's FabiFlu is priced at Rs 73 a tablet

EV market likely to be Rs 50,000-cr opportunity in India by 2025: Report

The report also said it expects 9 per cent penetration by 2024-25 in the two-wheeler segment and with the right macroeconomic environment, the number can further go up to 16 per cent

Mosaic virus, pest attacks in three states to hit soybean output this year

Soybean Processors' Association estimates India's soybean output at 9.3 million tonnes for crop year 2019-20, a sharp decline from 10.9 million tonnes reported in 2018-19

Reliance breaks into top 50 most valued companies globally, ranks 48

Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet

Wipro to acquire 4C for 68 mn euros, expected to be close by Sept-end

4C will be consolidated as part of Wipro's Salesforce practice, which provides solutions globally around multiple Salesforce clouds and its ecosystem of products

Amazon to add 10 fulfilment centres to India network before festive season

Also plans to expand seven existing buildings, says move likely to create thousands of jobs with competitive pay

Delhi HC grants bail to ex-Fortis promoter Shivinder Singh in fraud case

The high court imposed various other bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.

Amazon joins hands with Acko to offer automobile insurance in India

Amazon Pay on Thursday said it has tied up with Acko General Insurance Ltd to offer two- and four-wheeler insurance policies in India

Big traders hire online experts as Benares silk goes digital to stay afloat

Many of the smaller ones are hopping on to the e-commerce and social media bandwagon in order to survive amid the Covid crisis

Hindustan Zinc appoints two new directors on board effective August 1

Anjani K Agarwal was a senior partner at EY till 2019; Akhilesh Joshi was former CEO at Hindustan Zinc

Gujarat: Shamalbhai Patel unanimously elected new chairman of GCMMF

After his election to the top post, Patel said his priority will be to ensure better procurement prices for milk producers

Bengaluru tech firm to produce NASA-designed, US FDA-approved ventilators

The firm said it is among a handful of Indian companies licenced by NASA for meeting the worldwide acute shortage of ventilators needed in treating Covid-19 patients

FY21 operating margins of Indian steelmakers to fall 200 bps to 15%: Crisil

Companies better placed to ride out slowdown now, than in previous downturn of 2016