Page 630 - Company News

Sumitomo to invest $710 million to build renewable energy projects in India

The two companies have formed a joint venture AMPIN C&I Power Private Ltd for the purpose

India Yamaha Motor unveils R15M with Carbon Fibre pattern at Rs 2.08 lakh

Equipped with 155cc liquid-cooled engine, the R15M variant aligns with Yamaha's 'Call of the Blue' brand campaign

Akums Drugs gets patent for formulation to manage sickle cell disease

The company has received a patent from India patent office for its room temperature stable oral suspension of Hydroxyurea, a formulation aimed at managing sickle cell disease

Zomato teams up with IRCTC to offer food delivery service on trains

This collaboration aims to transform train journeys, enabling passengers to enjoy a variety of dishes from the comfort of their train seats

Our focus is on being a future ready company, says Rites CMD Mithal

With our focus on being 'Future Ready', RITES has vigorously pursued its #ITReady, #SkillReady, and #AIReady initiatives, Mithal added

Moneyboxx Finance raises Rs 176 cr via allotment of equity shares, warrants

In a filing to BSE, the company announced the allotment of equity shares and warrants convertible to equity amounting to Rs 176 crore

SBI's cost to income ratio to dip to 54-55% in two years, says S&P

Agency affirms bank's 'BBB-/positive' issuer rating

RBI imposes penalty on BNP Paribas, 3 others for compliance lapses

The central bank has also imposed penalties on Hewlett Packard Financial Services (India), Muthoot Vehicle & Asset Finance and on one other company for non-compliance with certain norms

SpiceJet's domestic market share shrinks to 2.3%, shows DGCA data

Overall, Indian carriers carried a total of 13.1 million domestic passengers, which was 5.7 per cent more year-on-year

WhatsApp's Business & Click to WhatsApp revenue doubles in a year

"India is one of the top markets for WhatsApp globally, not just in terms of users but also in messaging," said Sandhya Devanathan, Meta vice-president, India

Warivo enters high-speed e-scooter segment, eyes Rs 120 cr topline in FY25

While the CRX has been positioned in mid-segment of high-speed scooters, the company is planning a bridge product between low-speed and high-speed along with a top-end high-speed scooter, CEO added

CCI selects Management Development Institute to conduct market study on AI

In April this year, the Competition Commission of India (CCI) had issued a request for proposal to conduct the market study on Artificial Intelligence (AI) and Competition

Trade groups call for Amazon, Flipkart suspension over antitrust breaches

Indian antitrust investigation reports have found Amazon and Flipkart violated local competition laws by giving preference to select sellers and priority to certain listings, hurting competition

M&M Financial Services board approves expansion into mortgage business

The company would also participate in affordable housing loan schemes of governments

Samsung labour strike puts spotlight on politically-backed worker group

A strike of this scale - which impacts production - is not common in India's electronics industry

Max to acquire 64% stake in Jaypee Healthcare at Rs 1,660 cr valuation

JHL also owns a 100-bed hospital spread over 2.35 acre at Anoopshahar, which is currently non-operational

NLCIL to invest Rs 50,000 cr to ramp up renewable capacity to 10.11 GW

India is committed to a low-carbon emission path while pursuing its development goals, as pledged at COP 26

Wipro tightens work-from-home policy, links office attendance to leaves

Wipro is enforcing a new policy requiring employees to work from the office at least three days a week. Those found violating the rules will be at risk of losing a day's leave

Nazara to invest Rs 982 cr in PokerBaazi parent firm, buy 47.7% stake

Moonshine also owns the fantasy gaming platform SportsBaazi which contributes around 12 per cent to the company's revenue while over 85 per cent comes from PokerBaazi

Armani/Caffe makes India debut with launch at Jio World Plaza in Mumbai

Reliance Retail launched India's first Armani cafe at Jio World Plaza in Mumbai. The upscale cafe, Italian fashion house Giorgio Armani, features designer's favourite dishes, and 52 imported wines