Page 569 - Company News

Ola Electric vehicle registrations up 74% at 41,605 units in October

The company sold over 50,000 units in October 2024, Ola Electric said in a statement

Apple sets record India revenue driven by iPhone sales, plans 4 new stores

The iPhone wasn't the only high-performing product; Cook mentioned that iPad sales in India saw strong performance as well, achieving double-digit growth in the quarter ending September

LEAD Group to seek PE funding after hitting profitability milestone

Edtech unicorn hopes to turn the corner by FY25-end, says CEO

Cognizant saw 13,000 associates joining back, says CEO Ravi Kumar

AI is a unique technology and it will disrupt the knowledge worker

Ather Energy sets monthly record with over 20,000 scooters shipped in Oct

The recently launched family scooter, Rizta, has been a significant contributor, accounting for approximately 60 per cent-70 per cent of this month's total volume

FMCG sector flags urban consumption slowdown as food inflation bites

Lower salary increases, high interest rates will continue impacting urban demand, says Nomura

Uber shares slump on muted bookings amid holidays in core US rides business

Despite setting a record, the firm struggled with currency exchange headwinds, which weighed on its rideshare business

L&T eyes aerospace expansion to ride India's $44 billion market push

The move follows the government's recent efforts to open its space industry - traditionally led by ISRO - to private firms

Persana AI raises $2.3 million to tap sales intelligence market growth

The startup aims to empower GTM (go to market) teams with tools that streamline workflows and drive growth in today's data-driven landscape.

EKA Mobility lands Rs 3,000 cr deal to manufacture 1,500 electric buses

Plans to expand operations with Rs 650-cr outlay

Ashoka Buildcon enters share purchase agreement, to sell road assets

The company will also acquire the remaining 34 per cent stake in its unit ACL at an aggregate consideration of Rs 1,526 crore, to make it a wholly owned subsidiary

Dulux owner AkzoNobel seeks sale of India unit amid growing competition

JSW Group, Adani Group, Aditya Birla Group, and Asian Paints Ltd have been approached as potential buyers for the deal

Luxury leather brand Da Milano seeks to sell stake at Rs 1,500 cr valuation

Da Milano was established in 1989 by Surinder Malik. Set up as a leather product exporting firm, the brand has expanded to sell leather accessories through 79 exclusive stores

Rs 11K crore IPO in sight, Swiggy projects quick commerce as the future

Qcom to surpass food delivery biz in 5 years, says CEO

Sebi sends Rs 154.5 cr worth notices to RHFL's promoter over fund diversion

The regulator has warned these entities for attachment of assets and bank accounts if they fail to make the payment within 15 days

Sagility India plans Rs 2,107 cr IPO with price band of Rs 28-30/share

Additionally, the company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity to its shareholders, and establish a public market for the equity

Swiggy early investors to pocket gains ranging between 3x and 35x

Norwest Venture, which invested in Swiggy's Series B round in 2015, will make gains of up to 26 times, with an acquisition cost of Rs 14.82 per share

Sunil Mittal's Bharti Telecom to raise Rs 8,500 crore via bond market

The borrowing is coming days after India's second-largest wireless carrier Bharti Airtel Ltd., in which Bharti Telecom is the largest shareholder

Meesho generates positive operating cash flow of Rs 232 cr in FY24

Company says it is India's first horizontal e-commerce platform to have free cash flow as adjusted losses reduce by 97% to 53 cr

BSNL successfully deploys over 50,000 indigenous 4G sites nationwide

Telecom Minister Jyotiraditya Scindia earlier this month said BSNL will roll out its 4G network nationwide by June 2025, by deploying 1 lakh sites, and convert them to 5G within a month