Page 3501 - Company News

Facebook plans to tap start-ups, small and medium businesses in India

Facebook aimed to enable the growth of small and medium businesses and entrepreneurship in the country

Mahindra & Mahindra gets patent for solar power system on vehicle rooftops

These solar panels are fixed atop vehicle roofs to act as supplementary power source for electrical load demand without impacting the vehicle's aerodynamics

Commercial vehicle makers unlikely to see festive cheer in October sales

Weighed down by an economic slowdown and increase in axle load - 30% additional capacity - major CV companies are expected to report a decline of around 20% in sales volumes in October 2019

Smartworks Coworking raises $25 mn from Singapore realty firm Keppel Land

Smartworks, which has 23 operational centres in 9 cities and offers 43,000 workstations over 2.3 mn sq ft, plans to grow to 20 mn sq ft and seat 200,000 professionals over the next five years

IOC September quarter net profit slumps 83% at Rs 563.4 crore

Revenue from operations fell 13.2% to Rs 1.32 trillion

RFL scam: Court extends Singh brothers' judicial custody until Nov 14

Metropolitan Magistrate Deepak Sherawat also extended the judicial custody of three others, Sunil Godhwani, Kavi Arora and Anil Saxena

Vistara to deploy A320neos with enhanced features on India-Singapore route

The new A320neo planes will be deployed from November 24 this year

AGR verdict: Reliance Jio says telcos have sufficient capacity to pay dues

It also slammed the Cellular Operators Association of India for writing ex-parte to the government on the financial distress in the sector

Boeing grounds up to 50 737NG aircraft globally after detecting cracks

Boeing had previously reported a problem with the model's "pickle fork" -- a part which helps bind the wing to the fuselage.

Yes Bank receives $1.2 billion binding offer from global investor

The investment of $1.2 billion is via fresh issue of shares

Samsung warns of tepid mobile business profit, bets on chip sales instead

The downbeat forecast came hours after Apple Inc said holiday-quarter sales would beat Wall Street expectations, citing demand for services, wearables and its latest iPhones.

Cognizant to exit Facebook content review contract, 6,000 jobs under threat

Cognizant had about 500 workers in India's southern city of Hyderabad looking for sensitive topics or profane language in Facebook videos

AGR payments: Reliance Jio slams peers, questions telecom sector stress

Says incumbents have enough resources, monetisation opportunities pay up

CARE downgrades rating on Vodafone Idea's loans in view of SC's AGR verdict

The ratings continue to be tempered by high debt level, declining subscriber base trends, regulatory risks and prevalent intense competition in the Indian telecom industry

Hyundai strategy: SUVs to lead charge; green and shared mobility in focus

If last year's performance is any indicator, its strategy is clearly utility vehicle (UV)-driven

Firms crack the Diwali code: Double-digit growth in consumer goods sales

Credit-driven sales were also high in consumer durables this Diwali, with around 70 per cent of sales in urban areas coming from finance schemes and cashbacks

Slowing spend by telcos drags IBM India earnings; FY19 net down 12%

The company's net margin stood at 8.89% in FY19, compared with 9.88% in the year-ago period

Apple India FY19 net down 70% at Rs 262 crore, revenue declined 19%

Apple India's revenue from operations was at Rs 13,048.71 crore

Haldiram, 2 others in race to buy out Lavasa for about Rs 2,046 cr

Promoted by HCC, Lavasa was set up as a picturesque hill station near Pune in Maharashtra in 2000. It defaulted on Rs 4,150 crore in loans to banks

Industry leaders find Amazon, Apple and Alibaba the most disruptive firms

Among tech business leaders, Google CEO Sundar Pichai topped the list, followed by Tesla and SpaceX CEO Elon Musk.