Page 3448 - Company News

Tata Communications appoints Amur S Lakshminarayanan as MD and CEO

The appointment comes following resignation of Vinod Kumar from the post in July

Paper consumption may touch 24 mt by 2025; industry may add 50 mn jobs

Industry officials said 59 running mills in Tamil Nadu produce close to 31 lakh tonnes of paper annually

LG to invest $17 million in SoftBank's venture fund for AI startups

The investment in the Japanese tech giant's venture unit is part of the South Korean conglomerate's broader plan to develop advanced AI technologies

CARE downgrades PC Jeweller deposits to 'B' on stressed liquidity

Significant erosion in m-cap since 2018 had a weakening effect on PCJ's financial flexibility and its liquidity

ICICI Pru MF, HDFC MF receive payments from Essel Group; exposure reduced

With this repayment, ICICI Prudential Mutual Fund's exposure to Essel Group has come down to nil

Paytm Payments Bank's FASTag to make highway travel easier

Last month, the govt had said from December 1 it would be mandatory for automobile manufacturers or authorised dealers to fix FASTag devices on the windscreens of all new four-wheelers

Bata to use multi-retail approach, along with e-commerce, to improve reach

The company last month said it will strengthen its presence by adding 500 stores in next five years, focusing mainly on small markets

Infosys launches Microsoft Azure-powered security solution Cyber Next

Microsoft Azure Sentinel is a threat averting solution for enterprises, combining the American software giant's decades long security experience with artificial intelligence and cloud

Sical Logistics seeks shareholders' nod to sell or hive off business units

The price of the assets and businesses would be based on valuation and the company might look either at strategic sale or slump sale, whichever worked better for it and its shareholders

Reliance Industries m-cap comes very close to Rs 10 trn in intra-day trade

So far this year, RIL's share price has jumped 38.46 per cent

Google 'shopping': New tools to help businesses connect with buyers easily

To facilitate the shopping experience, Google is extending support for Indian languages and product listings on the shopping home page

Will comply with govt's regulations of data localisation: Google Pay

The Reserve Bank of India (RBI) had asked payment companies to ensure that transaction's data are stored exclusively on local servers

Honda Motorcycle resumes work at Manesar plant with permanent staff

The Japanese two-wheeler major had suspended operations at the plant from first week of November as workers protested for over a week against the retrenchment of their 200 contractual colleagues

CCI approves minority stake purchase deal of Toyota and Suzuki Motor

Transaction involves acquisition of a "minority and insignificant shareholding" of 4.94 per cent by Toyota Motor in Suzuki Motor while Suzuki will hold approximately 0.24 per cent stake in the former

Bharti Airtel stock falls over 4%; loses over Rs 10,000 crore in m-cap

In the morning session, shares of the company opened at Rs 444.35 and fell 4.71 per cent to intra-day low of Rs 430. The stock settled 4.34 per cent down at Rs 431.70 on the BSE

Moody's places BPCL under review for downgrade over privatisation

Moody's rating action assumes that BPCL's status as a government-owned entity in India will continue until at least the conclusion of the proposed sale

MTNL does not have any liability pending on account of AGR revenues: CMD

MTNL does not have any liability pending on account of AGR revenues unpaid to DoT: CMD

TVS Motor launches first BS VI variant of its premium Apache RTR 4V series

The new model is likely to be priced higher by Rs 9,000 to Rs 10,000 than existing variants; bookings start today at company dealerships across the country

Govt asks state-run firms to pay $1 bn dues to green power discoms: Report

Commercial banks are unwilling to lend to these firms because of their high outstanding debt

Coffee Day's Sical Logistics seeks shareholder nod to sell biz undertakings

To find the suitable buyers, the proposal has to be approved by the company's shareholders, Sical Logistics said in a regulatory filing to BSE