Page 3587 - Company News

Vivo plans Rs 7,500-crore investment, facility expansion in India

The company will start operations in an expanded facility next month to add manufacturing capacity of 8.4 million units

States must be partners in growth story, says Maruti's R C Bhargava

The automobile sector accounts for 49 per cent of India's manufacturing gross domestic product.

Britannia Industries stock rises 6.2% as investors cheered growth plans

Intra-day, Britannia's stock price rose as much as 7.5 per cent, closing trade at Rs 2,678.8 a share

Nestle, PepsiCo, Britannia to set up manufacturing plants despite slowdown

Nestle derives around a quarter of its annual sales from rural areas and has been working on improving this number via a distribution and manufacturing push

Uber drives the brand into safe zone, launches helpline for distress calls

Keen to build a wider footprint in the country, the ride-hailing app tunes in to rider concerns and opens a round-the-clock line for distress calls

Jio beats Airtel, Voda idea to be top telecom revenue earner in Q1FY20

In the same quarter, Reliance Jio became the country's largest telecom operator with a subscriber base of 33.13 crore

And then there were 2: India's three-horse telecom race is set to change

Why today's three-horse race might become a duopoly

Google's job search tool under EU microscope after rivals complain

As many as 23 job search websites have urged the European Commission to temporarily order Google to stop alleged unfair practices.

CG Power may raise funds through equity route, sell non-core assets

The revival plan includes an equity-based fund raising, seeking lender support and sale of non-core assets

RBI finalises regulatory sandbox framework for innovation in fintech firms

If a fintech firm requires interface with a core banking system for example, a real-time and scaleable model of it will be made available

State-run EESL aims to triple revenue to Rs 10,000 crore in three years

The company is leaning on its bulk procurement strategy, grants, and absense of branding and supply-chain cost to achieve this goal

Hope Gangwal's action speak louder than words: Rahul Bhatia at IndiGo AGM

Bhatia's comments come at a time co-founder Gangwal started a website earlier this month to issue his statements

IFIN made new investments of Rs 300 crore in Chennai Super Kings: ED

ED is contemplating a special audit of the account in the backdrop of rating agencies downgrading various debt papers of IL&FS

EESL to set up 1,000 EV charging stations, hopes to deploy 5,000 cars

Firm was tasked with procuring 10,000 electric cars for govt use, but was able to deploy on 1,500 vehicles due to lack of charging stations.

Facing slowdown, and inventory glut, Maruti cuts 3,000 contract jobs

With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check

Hyundai plans to roll out BS6 models early next year; to sell BS4 till FY20

In comparison, Maruti Suzuki has seven petrol models that are now BS6 emission norms compliant

HPCL buys 120,000 tonnes petrol for Sept-Oct delivery; still seeking more

HPCL's latest tender is for 30,000 tonnes of petrol scheduled for Oct. 5-8 arrival at Vizag and offers are to be submitted by Aug. 28

Strides acquires USFDA approved manufacturing facility in Florida

Strides Pharma Science said the site has undergone several successful USFDA inspections and has no outstanding observations

Hyundai Group develops e-scooter; new vehicle may make inroads in India

Though there is no official communication on this, company sources say that India is an important market and this vehicle will suit Indian roads

Infosys closes Rs 8,260-cr buyback offer, takes back 11.05 cr shares

In January, Infosys had announced that it would buy back shares of the company for an amount aggregating up to Rs 8,260 crore (maximum buyback size) at a price not exceeding Rs 800 per equity share