Page 3328 - Company News

JSW Group company Forma shuts operations within one year of launch

Forma, operating in the steel furniture market, was launched last year by JSW Living in April

Nestle to invest $2.1 bn in 5 yrs to switch to food-grade recycled plastics

"No plastic should end up in landfill or as litter," Nestle chief executive Mark Schneider said in the statement.

Tata Communications ends 8-year sponsorship agreement with Formula 1

According to Forbes magazine, Tata Communications was paying Formula 1 $4 million annually as part of the deal.

NCLAT asks ED, CBI and SFIO to clarify JSW Steel's immunity in BPSL matter

The appellate tribunal had directed to list the petition on January 23, for next hearing.

Wipro Ventures raises $150 million fund, plans to invest in tech start-ups

In 2015, Wipro has floated $100 mn to invest in start-ups that are operating in cybersecurity, analytics, AI, etc

Digital, physical retail have own advantages, challenges: Kishore Biyani

Biyani explained that physical retailers will need digital, while digital will need physical presence because of the costs related to acquiring customer and fulfilling orders

In a fresh twist, ArcelorMittal's OSPIL resolution plan challenged

The challenge to the ArcelorMittal resolution plan has come from Srei Infrastructure Finance as a secured financial creditor

Amazon Web Services looks at skilling to grow user base in India

Aims to train thousands of students and professionals in cloud technologies to drive the use of AWS at their workplaces

Amazon lands $1 billion in Cloud deals with SAP SE and Symantec Corp

The contracts are each worth $500 million over 5 years

Reliance Jio-Microsoft cloud tie-up likely to hurt Amazon Web Services

Microsoft Cloud has traditionally lagged Amazon Web Services in the small and mid-sized business segment in the country

Amazon looks to disrupt healthcare by entering medical supplies marketplace

Amazon shook up the prescription-drug industry last month with its $1 bn agreement to acquire online pharmacy PillPack Inc

Amazon tops estimates; earnings skyrocket on cloud computing, advertising

Amazon's revenue from the highly profitable a sales category and some other items grew 132 per cent to $2.2 billion while the analysts at Thomson Reuters I/B/E/S expected $2.1 billion

Amazon opens largest global owned campus with 3 mn sq ft area in Hyderabad

Spread over 9.5 acres, the multi-storied building has 290 conference rooms, casual and collaborative work spaces that will house 15,000 employees and a host of facilities

Amazon ramps up backend logistics as it prepares for festive sales

Banking on an extended seller base as well as a wider product range, the online portal is optimist about the festive sales

Year in Review: How world's top 10 business personalities fared in 2019

The year 2019, a breakthrough year for business, saw both fortunes being built and destroyed. Business Standard lists top 10 business personalities from across the globe who made headlines in 2019

Metropolis Healthcare signs binding agreement to buy Shraddha Diagnostics

Since, 2002, Metropolis has used its brand strength to establish large networks through acquisitions in Chennai, Rajkot, Surat, Bangalore, Pune as well as outside India

Supreme Court dismisses AGR review petitions filed by telecom companies

The apex court said that the telcos were at liberty to file curative petitions against the review petition.

GAIL gets nod to raise Rs 1,500 cr to fund pipeline capacity expansion

The company plans to raise funds through domestic bonds in one or more tranches in the next six months

SC's decision on AGR plea disappointing; may file curative petition: Airtel

The money now required to pay punitive interest, penalty and interest on penalty which forms nearly 75 per cent of AGR dues would have better served the digital mission of the country, Airtel added.

Wipro Ventures sets up $150 mn Fund ll to invest in enterprise software cos

Wipro Ventures, managed by Biplab Adhya and Venu Pemmaraju, has invested in 16 early to mid-stage start-ups so far, including 11 in the US, 4 in Israel and 1 in India