Page 594 - Company News

Ericsson wins multi-billion dollar 5G equipment contract from Bharti Airtel

This comes after Ericsson got part of a $3.6 billion contract last month for selling 5G equipment to India's Vodafone Idea. It shared the contract with Nokia and Samsung

Wipro's hybrid policy: Employees to work from office three days a week

The company's new work policy allows employees to choose their in-office days based on collaborative needs, while retaining the flexibility to work remotely on the remaining days

Elon Musk takes on Ambani over satellite spectrum allocation in India

The disagreement centres around whether satellite broadband spectrum should be auctioned or administratively allocated in India

DGCA removes 'enhanced surveillance' of SpiceJet after fund infusion

Random spot checks of low-cost carrier's operational aircraft will continue, says regulator

Tata to create 500,000 manufacturing jobs in 5 years: N Chandrasekaran

India's manufacturing sector saw a 7.4 per cent rise in employment, with 1.3 million new jobs created in FY23

Unique Indian way of progress needed to become global leader: TVS chairman

He said as India strives to become a developed nation by 2047, immense opportunities are there for the country's industry

Fundraise allowed VIL's capex cycle, places firm on secure footing: Birla

Birla said one of the most pressing issues being addressed by the government, regulator and industry in the past year is spam control and fraud protection

Adani Group returns to dollar market with new green bond sale initiative

Dollar bond sales from Indian issuers are running at their highest in three years, with companies raising about $10 billion so far in 2024, as spreads on dollar debt hover near their lowest in decades

Beauty products platform Purplle raises Rs 1,500 cr in funding round

Subsidiary of Abu Dhabi Investment Authority leads in committing investment

Reliance eyes completing merger with Disney's India business in Q3

Merger of the media assets of Reliance Industries and The Walt Disney Co.'s India business will create the country's largest media empire worth over Rs 70,000 crore

Noel Tata's new role may end feud with Shapoorji Pallonji Group; here's how

Relations between Tata Sons and Shapoorji Pallonji Group have been strained since 2016, following the ousting of Cyrus Mistry

Nvidia's stock skyrockets amid AI boom: Will Apple fall from the top?

Nvidia, which briefly held the title of the most valuable company in June, saw its market value surge to $3.39 trillion on Monday

SpiceJet settles $23.39 mn dispute with Aircastle, Wilmington Trust

This settlement follows two other financial agreements by the airline in recent weeks

Tatas set to expand Air India Express fleet with Air India, Vistara planes

Air India Express will receive 17 Airbus A320 Neo planes from Air India and 10 from Vistara after their merger, with the transfer expected to be completed by mid-2025

India Inc biggies set to invest $800 bn in a decade: S&P Global Ratings

S&P report also flags execution risk, and borrowing heavily for tech with unproven commercial payoff, such as green H2

Licious buys 'My Chicken and More' to gain physical foothold in Bengaluru

'My Chicken and More' generates annual revenues of close to ~110 crore, processing 1.8 million orders a year and its acquisition adds 23 stores to Licious' offline network

Tata Capital, Tata Motors Finance merger receives RBI's approval

Through this merger, Tata Capital aims to attract new customers in the rapidly growing commercial vehicle and passenger car financing segments

Anil Ambani challenges market regulator Sebi's Rs 625 crore penalty order

Sebi also added that it will determine the quantum of illegal gains made by the alleged fraudulent schemes, and further action may be initiated accordingly

Order pipeline, margin gains positive for Larsen & Toubro's stock

The brokerage believes that the order book would grow at 12 per cent CAGR over FY24-27

SC revives Adani's Rs 27K cr insolvency resolution for KSK Mahanadi project

The lenders have made claims of Rs 29,330 crore against KSK Mahanadi, which was sent for debt resolution in 2020 after the firm defaulted on its debt payments