Page 372 - Company News

BSNL revenue impacted by 4G delay, stiff competition: MoS Telecom

The revenue of BSNL is impacted due to delay in rollout of 4G services as well as stiff competition in the mobile segment, the minister said.

YES launches semiconductor equipment production, begins TN shipments

This landmark achievement signifies a pivotal moment for YES and the burgeoning semiconductor ecosystem in India

TVS Supply Chain Solutions names R Vaidhyanathan as its Global CFO

The integrated supply chain solutions provider said in a company statement that the current Global CFO, Raviprakash Bhagavathula, will take over as the Head of Strategic Initiatives

Eyeing 1,600 MW expansion plan, Adani Energy acquires Mahan Transmission

The MTL will evacuate 1,230 MW of power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district and feed into the state grid

Axis Bank, JP Morgan roll out anytime dollar payments for clients

This is the first instance where an Indian company will have the flexibility to make or receive dollar payments at any time

Inflection Point Ventures marks 14 exits in 2024, aims for 20 exits in 2025

IPV portfolio companies include sports startup Fitso, electric ride-hailing platform BluSmart, and grocery delivery platforms Otipy and Milkbasket, among others

CPP Investments to invest Rs 2,080 cr in National Highways Infra Trust

CPP Investments is a global investment management organisation. This is CPP Investments' third follow-on investment since its initial investment in NHIT in 2021

Helmet maker Studds Accessories files preliminary IPO papers with Sebi

This marks the company's second attempt to go public. Previously, the company had filed draft papers nearly seven years ago

SpiceJet, Willis Lease settle dispute; insolvency case to be withdrawn

A ₹3,000 crore QIP capital infusion in September 2024 and ₹294 crore investment by promoter Ajay Singh have helped the airline move towards financial stability

Retail growth slows on ONDC as platform caps financial incentives

Logistics and mobility segments grow on Open Network for Digital Commerce, but retail segment - which includes e-commerce, grocery, and food delivery - slows down

Primus launches B'luru's 1st multi-generational community 'Primus Sangama'

A multi-generational community is typically designed for children, adults, and seniors to coexist while maintaining independent lifestyles

Infosys lays off another 40-45 trainees out of 1,200 it hired in Oct-Nov

India's second-largest IT services company assessed these engineers on March 18, after indefinitely postponing the assessment last month

IT major Wipro bags £500 million, 10-year deal with UK's Phoenix Group

As part of this transformational initiative, a number of Phoenix employees will transition to Wipro. The exact number of employees being transferred to Wipro was not disclosed

L&T's biggest ever: Bags contract worth over $4 bn from QatarEnergy

The scope of work includes the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes

Sunil Kakkar becomes first homegrown employee to become MSIL director

MSIL's board currently comprises 11 members-five Indians and six Japanese. Among the Indian members, four are independent directors, while chairman R C Bhargava is the fifth

Nissan's New CEO says it needs partners and is open to Honda tie-up

The top items on Espinosa's to-do list will be to seek collaborations with companies that would help Nissan develop electric vehicles

Kolkata-based Luxmi Group bags two awards at Global Tea Championship 2025

The Luxmi Group produces about 30 million kg across 25 estates in Assam, Darjeeling and Rwanda. The iconic Makaibari estate in Darjeeling is part of the group

Meesho cuts loss from Rs 1,569 cr to Rs 53 cr from higher revenue of 33%

The e-commerce firm had posted a loss of Rs 1,569 crore, excluding ESOP cost, and revenue of the company was at Rs 5,735 crore in FY23

Reliance Consumer Products takes its confectionaries to African market

Campa and Independence brands cross the Rs 1,000 crore mark each

Tesla to start sales in Saudi next month as Musk and the Kingdom mend ties

The dispute started when Musk tweeted in 2018 he had "funding secured" to take Tesla private after meeting Saudi Arabia's sovereign wealth fund. But the deal didn't materialise