Page 716 - Company News

Dixon Technologies to open new Chennai facility for top notebook brands

The company is on a high growth path driven by a significant increase in manufacturing volumes for Motorola and Xiaomi. The new facility in Chennai plant is expected to be operational by Q4FY25

Byju's ex-director fined $10,000 per day over missing $533 million

The missing cash belongs to a bankrupt shell company, Byju's Alpha Inc., which is affiliated with Think & Learn and was taken over by the lenders after their loan defaulted

Prestige Estates Projects Q1 results: Net profit down 3.4% at Rs 307 crore

The realty firm's revenue from operations stood at Rs 1,862.1 crore in Q1 FY25 against Rs 1,680.9 crore in the corresponding period last year

Mahyco seals joint venture with US' RiceTec for HT rice and wheat

In the case of HT rice, the technology that the JV will commercialize is called 'FullPage' which is a new generation double stack mutant herbicide-tolerant rice technology

Amazon claims to deliver 50% of Prime member orders on same or next day

Amazon India has fulfilment centres across 15 states, sortation centres across 19 states working with over 1,950 delivery stations

Hiring of freshers by IT companies likely to go off-campus in FY25

HR experts concurred that the fiscal year 2024-25 will be better than the last fiscal. The total intake from campuses for the sector may hover around 100,000-120,000, according to estimates by Xpheno

Toyota, Maharashtra set wheels in motion for Rs 20,000 crore plant

Plan to roll out 400,000 electric, hybrid cars a year

Karnataka to triple its BioEconomy to $100 billion by 2030: Govt report

The report reveals that the number of startups in the state has surpassed 1,000, with a notable increase in biotech ventures

Akasa eyes flights to Asia tourist hotspots as overseas travel demand rises

The Mumbai-based budget carrier is gearing up to start flights to Kathmandu in Nepal and Bangladesh's capital Dhaka

India Inc must utilise govt schemes for job creation: Anand Mahindra

He said the Mahindra group is already working on skill-building programmes to increase technical know-how and female workforce participation

Infosys says it's in full compliance after Rs 32,000 crore GST notice

The company, in a regulatory filing, said that the demand was towards the expenses incurred by its overseas brand offices for the period from July 2017 to March 2022

Among top 10 most-valued auto firms globally, TaMo drives into elite club

Earlier this year, Tata Motors announced that it would form two separate companies, with one housing the commercial vehicles business and the other passenger vehicles businesses, including JLR

Ola Electric to focus sharply on two-wheelers, cars not on agenda

The country's largest electric two-wheeler player is going for the biggest IPO of the year so far, aiming to raise Rs 6,146 crore

Infosys gets demand notice for GST evasion of over Rs 32,000 crore

The tax demand relates to services availed by the IT services conglomerate from its overseas branches for five years starting 2017

Brokerage firm Angel One invests Rs 250 cr in wealth management arm

The capital will be deployed to develop core technological infrastructure, leveraging AI and analytics, expand presence in key markets and develop product strategies

Uber partners with BYD to put its drivers into Chinese firm's 100,000 EVs

The pairing up cuts against increasing tensions between Washington, Beijing over future of automotive industry as China has lead in batteries and EV supply chain, and US has tried to push against it

Vedanta gets clearance from BSE, NSE for proposed demerger into six firms

Demerger will create 6 independent companies housing aluminium, oil and gas, power, steel and ferrous materials, base metals businesses while zinc and new businesses will be under Vedanta Ltd

Byju's vs BCCI row: Edtech platform, cricket board reach settlement

Ed-tech startup Byju's will make payment to BCCI, founder Byju Raveendran's brother Riju Raveendran will complete the process, the lawyer added

Bina Modi to recommend Samir's appointment to Godfrey Phillips Board: Court

The court said that Bina Modi is bound by the restated deed of trust of her late husband KK Modi and cannot act against it

Adani Group planning investment in two airports in Vietnam: Report

The Group plans to expand its collaboration with Vietnamese partners in the aviation and logistics sectors through the development of Long Thanh and Chu Lai airports