Page 631 - Company News

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

Preparing to utilise Chennai manufacturing plant for exports: Ford

The announcement follows a meeting between Ford leadership and Tamil Nadu Chief Minister MK Stalin as part of his visit to the United States

Corning bullish on mobile, life sciences; commits Rs 1,500 crore investment

The automotive and optical fibre business is the biggest revenue contributor to the company in the country, at present

Foxconn-HCL joint venture secures land for semiconductor plant in Noida

The proposed project could be a significant milestone for the state, as it would be the first OSAT unit to be established in Uttar Pradesh, pending approval from the central government

UK govt can reclaim GBP 500 mn funding if Tata Steel fails on commitments

Tata Steel signed a GBP 500 million grant funding pact with the UK government to advance the installation of a low-carbon electric arc furnace at Port Talbot

Mossant Fermentary launches clean-label tonics in four variants at Rs 99

India's non-alcoholic drinks market is expected to grow at a rate of 6.72 per cent, reaching $21.49 billion by 2028

Over 30,000 TCS workers affected by TDS errors; Tax dept sends notices

The problem is reportedly believed to have stemmed from a software error that resulted in TDS claims not being properly updated on the income-tax portal

Tata electronics, TCS to develop India's first domestic chips by 2026

Tata Electronics plans to launch its first chips from the Assam facility by late 2025 or early 2026, targeting sectors like automotive, electronics, power, consumer goods, and healthcare

Adani rejects Hindenburg claims of $310 million fund freeze in Swiss banks

The Adani Group reiterated that its overseas holding structure is transparent, fully disclosed, and adheres to all applicable laws

Adani Group denies Hindenburg comment on frozen funds in Swiss banks

Prosecutors detailed how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks