Page 3329 - Company News
Amazon lands $1 billion in Cloud deals with SAP SE and Symantec Corp
The contracts are each worth $500 million over 5 years
 "Amazon lands $1 billion in Cloud deals with SAP SE and Symantec Corp")
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 looks to disrupt healthcare by entering medical supplies marketplace")
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 tops estimates; earnings skyrocket on cloud computing, advertising")
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 opens largest global owned campus with 3 mn sq ft area in Hyderabad")
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
 "Amazon ramps up backend logistics as it prepares for 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
 "Year in Review: How world's top 10 business personalities fared 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
 "Metropolis Healthcare signs binding agreement to buy Shraddha Diagnostics")
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.
 "Supreme Court dismisses AGR review petitions filed by telecom companies")
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
 "GAIL gets nod to raise Rs 1,500 cr to fund pipeline capacity expansion")
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.
 "SC's decision on AGR plea disappointing; may file curative petition: Airtel")
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
 "Wipro Ventures sets up $150 mn Fund ll to invest in enterprise software cos")
Single GDS system, better aircraft utilisation help Air India cut expenses
The officials said that in 2020, single GDS system would help them save Rs 520 crore, operational profit from new flights will earn Rs 120 crore
 "Single GDS system, better aircraft utilisation help Air India cut expenses")
HDFC ERGO Health to merge with HDFC ERGO through share swap deal
Earlier this month, HDFC ERGO got regulatory approvals for acquiring a majority shareholding in Apollo Munich Health Insurance Co Ltd.
 "HDFC ERGO Health to merge with HDFC ERGO through share swap deal")
A luxury yacht and 5-year-old firm in middle of an unusual insolvency case
The luxury vessel has been docked on the banks of Hooghly for nearly a year without generating any business for the company
 "A luxury yacht and 5-year-old firm in middle of an unusual insolvency case")
Real estate developers in a bind over Rera, GST
Rera compliance and the GST are pushing up overall costs for developers by five to six per cent
 "Real estate developers in a bind over Rera, GST")
Real estate sector saw more downturns than upswings in the last decade
Developers almost stopped building office projects between 2008 and 2012, focusing instead on the residential market
 "Real estate sector saw more downturns than upswings in the last decade")
Mumbai builders make a beeline to acquire and launch new projects in NCR
Shapoorji, Kalpataru, Godrej pursuing Rs 600 bn opportunity in the region
 "Mumbai builders make a beeline to acquire and launch new projects in NCR")
Even as realty sector lags, large listed developers are gaining share
Most large players reported better than expected bookings in the September quarter; Oberoi and Sunteck the least leveraged
 "Even as realty sector lags, large listed developers are gaining share")
A $23 bn manager is betting on India's struggling real estate sector
Developers in India are struggling as loans become harder to get from non-bank lenders whose own funding is drying up
 "A $23 bn manager is betting on India's struggling real estate sector")