Page 558 - Company News

Comviva, AWS partner to make cloud based, AI driven strategy for biz growth

Under the collaboration, Comviva will offer Communication Service Providers (CSP) next-generation software products and platforms that are built on AWS through a Software-as-a-Service (SaaS) model

FedEx ties up with Invest India for SMEs growth by providing global access

FedEx said it will leverage its global network and logistics expertise to empower SMEs to access international markets and streamline shipping processes

Growth in rural mkt balancing decline in small car sales: Maruti Suzuki

MSI currently has over 40 per cent market share (wholesales) in the overall domestic passenger vehicle segment. In the sedan segment, it has more than 50 per cent market share

Hindustan Copper Q2 results: Net profit rises 67% to Rs 102 crore

The company had posted a consolidated net profit of Rs 60.70 crore in the year-ago period, HCL said in a filing to BSE

'Very sad experience': Yogendra Yadav slams Air India's poor service

Yogendra Yadav, known for avoiding public airing of personal issues, said he felt compelled to share his recent air travel experience as it 'may be of use to others'

Amul to enter European market by end of this month: MD Jayen S Mehta

The Gujarat Cooperative Milk Marketing Federation (GCMMF) sells its dairy products under the popular Amul brand

Ambuja Cements seeks CCI approval to buy majority stake in Orient Cement

Pursuant to the acquisition of shares, it "triggers an obligation on the acquirer to make an open offer under Sebi's SAST (Substantial Acquisition of Shares and Takeovers) rules for acquisition

Elon Musk's Starlink moves closer to India licence, accepts data terms

Starlink is moving closer to obtaining a license in India after agreeing to comply with govt's data localisation and security requirements, clearing a major hurdle in its expansion plans in India

Flipkart achieves EV deployment target of over 10,000 in delivery fleet

The firm said it is adopting a fully electric logistics last-mile fleet by 2030 as part of the Climate Group's EV100 initiative

Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14%

The company also reduced its net loss by 28 per cent during the year to Rs 3,469 crore, showed financial data sourced from business intelligence firm Tofler

Booking.com may face layoffs in restructuring amid rising operational costs

Meanwhile, other brands under Booking Holdings - such as Priceline, Agoda, Kayak, and OpenTable - are not expected to be impacted

Jubilant Foodworks Q2 results: Net profit declines to Rs 66.53 crore

Revenue from operations in the second quarter stood at Rs 1,954.72 crore, as against Rs 1,368.63 crore in the year-ago period, the filing added

UPL Q2 results: Net loss widens to Rs 433 cr on lower agrochemical prices

The company reported a consolidated net loss of Rs 443 crore ($52.5 million) for the three months ended Sept. 30 from a loss of Rs 189 crore a year earlier

LG adds Axis Capital to arrange $1.5 billion for potential IPO listing

LG may seek to raise $1 billion to $1.5 billion from the share sale, which could give LG Electronics India Pvt Ltd. a valuation of about $13 billion

Vedanta plans to invest $500 mn in display glass maker AvanStrate Inc

The company plans to make this strategic investment to drive innovation and expansion within ASI, strengthening its focus on research and development, as well as manufacturing capabilities

Swiggy pilots 'Yello' service marketplace as Zomato eyes concierge model

Swiggy and Zomato, India's top delivery platforms, are branching out beyond core food and grocery services. Swiggy's 'Yello' marketplace and Zomato's concierge model lead new initiatives

Maruti Suzuki launches all-new version of Dzire to strengthen product range

The automaker introduced the new Dzire priced between Rs 6.79 lakh and Rs 10.14 lakh (ex-showroom Delhi)

Edtech platform Bhanzu secures $16.5 mn for US expansion and global growth

The company has reported 8 times growth since its last funding round two years ago. It is now cash-flow positive, with expansion plans focused on the US market

Zomato, Swiggy deny CCI antitrust violations, say media report 'misleading'

Deepinder Goyal-led Zomato clarified to the BSE that although the CCI initiated a preliminary investigation in April 2022, no findings or orders have been issued against the food delivery platform

Alembic Pharmaceuticals gets USFDA nod for hypertension treatment capsules

Diltiazem Hydrochloride is also indicated for the management of chronic stable angina