Page 3384 - Company News
Uber developing India as main engineering hub, to increase tech staff
Indian engineers are working on maps, matching riders and data models used by Uber globally
 "Uber developing India as main engineering hub, to increase tech staff")
BS-VI effect: Sales of passenger vehicles may rise in Dec, say auto firms
A nationwide & compulsory switch to BS-VI is due from April 1, 2020
 "BS-VI effect: Sales of passenger vehicles may rise in Dec, say auto firms")
Roseate Hotels opens its first co-working centre in Aerocity, has 100 desks
"It is an innovative concept and will encourage more hotels to follow suit. It is a great space for entrepreneurs and will have a multiplier effect for startups," Kant said.
 "Roseate Hotels opens its first co-working centre in Aerocity, has 100 desks")
Hyundai eyes leveraging Chennai plant to cater to domestic, export markets
This year demand being low in the domestic market, the company increased its export volumes by asking distributor partners in various markets to take volume from India, he added.
 "Hyundai eyes leveraging Chennai plant to cater to domestic, export markets")
Oppo backs 'Make in India', aims to manufacture 100 mn smartphones in India
With fast-changing technology landscape in India, Oppo is also shifting its focus towards next generation innovations like 5G and Internet of Things (IoT) to drive its next leg of growth in country
 "Oppo backs 'Make in India', aims to manufacture 100 mn smartphones in India")
WhatsApp, Signal cite encryption, privacy to avoid compliance, says govt
While in some cases, the ministry said, only meta data is shared and for majority cases either mutual legal assistance treaty or letter rogatory is insisted upon which is a very time-consuming process
 "WhatsApp, Signal cite encryption, privacy to avoid compliance, says govt")
CSS Corp to expand facilities in India, add 1,000 positions over one year
In Noida, CSS Corp has about 100 people, which is expected to be doubled. Other centres like Hyderabad and Bengaluru would also see hiring taking place.
 "CSS Corp to expand facilities in India, add 1,000 positions over one year")
NBFC promoted by Ratan Tata and Nandan Nilekani looks to raise $30-40 mn
Avanti Finance is a financial inclusion platform built on an open-access digital model to create and deploy financial products
 "NBFC promoted by Ratan Tata and Nandan Nilekani looks to raise $30-40 mn")
NH-48 restrictions: Vistara to accommodate its affected passengers for free
Vistara airline announced that it will accommodate its affected passengers on next available flights
 "NH-48 restrictions: Vistara to accommodate its affected passengers for free")
Govt taking measures to address challenges in steel sector: SAIL chairman
He was speaking at a session on 'India: Roadmap to a $5 trillion economy' organised by industry chamber FICCI here.
 "Govt taking measures to address challenges in steel sector: SAIL chairman")
Apple has secret team working on satellites to beam data to devices
Apple's work on communications satellites and next-generation wireless technology means the aim is likely to beam data to a user's device
 "Apple has secret team working on satellites to beam data to devices")
Zero-debt plan of RIL may hit legal roadblock as HC asks to disclose assets
Delhi HC order in PMT arbitration matter could delay stake sale to Aramco
 "Zero-debt plan of RIL may hit legal roadblock as HC asks to disclose assets")
India Inc emphasises on exports of local goods for becoming $5 trn economy
The executives stressed on the need for Indian manufacturing to become globally competitive and join global value chain as the key ingredients for becoming a $5-trillion economy
 "India Inc emphasises on exports of local goods for becoming $5 trn economy")
PTC Finance Services to raise Rs 580 crore via NCDs backed by SBI
The rating assignment takes into account the strong financial and credit risk profile of the issuer and partial credit enhancement by SBI
 "PTC Finance Services to raise Rs 580 crore via NCDs backed by SBI")
Tribhovandas Bhimji Zaveri & Sons files for bankruptcy after NCLT order
TBZSR's creditors have been asked to submit their claims to the interim resolution professional by January 3
 "Tribhovandas Bhimji Zaveri & Sons files for bankruptcy after NCLT order")
Safety robot to baby monitor: A peek into Mercedes' futuristic cars
With the new Experimental Safety Vehicle ESF 2019, the German luxury carmaker is giving an insight into the ideas that the company's safety researchers are developing
 "Safety robot to baby monitor: A peek into Mercedes' futuristic cars")
MG Motor India starts bookings for its upcoming electric SUV ZS EV
The ZS EV can be booked for Rs 50,000 on mgmotor.co.in and select showrooms across - New Delhi, Mumbai, Ahmedabad, Bengaluru and Hyderabad, the company said in a statement
 "MG Motor India starts bookings for its upcoming electric SUV ZS EV")
Money is needed in the hands of people to sustain demand: Harsh Singhania
India Inc is passing on the benefits of tax cuts to consumers
 "Money is needed in the hands of people to sustain demand: Harsh Singhania")
Delhi Metro among several orders worth Rs 1,520 cr won by KEC International
The Rs 964 cr DMRC contract is for construction of elevated viaduct along with eight stations of the Delhi Metro Phase IV project
 "Delhi Metro among several orders worth Rs 1,520 cr won by KEC International")
Polyester yarnmakers set for higher profit margin on crude price recovery
After falling to $57.77 a barrel on October 2, crude oil prices bounced back to trade almost at three-month high of $67.50 a barrel on Friday
 "Polyester yarnmakers set for higher profit margin on crude price recovery")