Page 3536 - Company News

Maersk delivers first import shipment in Odisha from ICD to Shyam Metalics

With a plan to run a weekly export train providing doorstep pickup and delivery, the company has projections of handling in excess of 4,000 TEUs a year.

Woodland carves separate identity for formal lifestyle brand 'Woods'

The company has been buying fabric made of yarns produced from pet bottles in Taiwan to make apparel for sustainable and environment-friendly production

Edelweiss financial arm raises Rs 3,000 crore in first half of FY20

The overnight on-balance sheet liquidity (including cash, liquid investments and treasury assets) of the group stood at around Rs 4,200 crore as on September 26, 2019

Stability, revenue enhancement top target for tech firm Axiscades in FY20

Axiscades is owned majorly by Jupiter Capital, an investment company run by Rajeev Chandrasekhar, and entrepreneur and Member of Parliament

Waryam Singh, former chairman of PMC Bank, arrested by Mumbai Police

This is a fourth arrest in the case

British firm says it's building a hub for flying taxis in Singapore

Essex-based Skyports Ltd. plans to show off the vertical take-off and landing station at Marina Bay during the Intelligent Transport Systems World Congress from Oct. 21-25

Care Ratings downgrades Ramdev's Patanjali on Ruchi Soya acquisition

Care Ratings Ltd. downgraded Patanjali's long-term bank facilities to A- from A+, according to a statement on Friday

Two clickbait giants decide to merge to compete with Facebook, Google

Outbrain and Taboola make money on each click, paid to them by the websites where readers land. They then give a portion of that revenue to the publishers hosting the ads

PayPal becomes first member to exit Facebook's Libra cryptocurrency group

International outcry is mounting over Libra -- with central banks, governments and regulators railing against Facebook's upstart cryptocurrency and questions over how it would be regulated

Kone to set up new technology centre in Pune at a cost of Rs 10 cr

The company has taken 20,000 sq ft office space on lease in Pune to set up this centre. About 120 people will work from this facility

Using iPhone 6s models? Apple says some of them may suddenly stop working

The iPhone 6s line originally went on sale in September 2015, but was officially discontinued in September 2018 with the launch of last year's iPhones

PG&E gets $34 billion in debt financing as part of restructuring plan

The financing was included in a PG&E filing defending its exclusive right to move forward with a plan to exit the largest utility bankruptcy in US history

GoAir plans to add one aircraft a month, says managing director Jeh Wadia

GoAir MD Jeh Wadia said the new planes will help it launch flight services to Singapore and Aizwal besides catering to the seasonal demand.

Rise in capex unlikely despite corporate tax rate cut, warns Credit Suisse

"Nearly 90 per cent of the savings are likely to be used for deleveraging or would be retained," it said

Bengaluru-based Instamojo looks at acquisition to boost e-commerce business

After launching the lending arm in September last year, the firm has disbursed loans worth Rs 120 crore

Walmart uses blockchain technology for tracing seafood in Andhra Pradesh

Since 2017, Walmart has been collaborating with IBM on the use of blockchain technology to enhance global food traceability

Slowdown blues: Low demand in economy shrinks loan book of India Inc

Outstanding loans to commercial sector fell Rs 65K cr; in H1FY19, it grew Rs 1.73 trn

Maruti rides high on BSVI vehicles, sells 200,000 cars within 6 months

The figures are encouraging for the auto industry amid apprehension that due to higher cost and lack of fuel availability, cars with stricter emission standards may not be popular in initial stages

Business climate worst since 2008 financial crisis, says RBI survey

Business activity contracted in Q2 FY20, the first contraction since 2013-14 and the second since the global financial crisis

Amazon, Flipkart claim top spot as festival season sales battle ends

More than half their growth during this period came from new customers, especially those in smaller cities and towns