Page 725 - Company News

Amazon Prime Day event starts, sales up 12% in first 7 hours: Report

The average household spent about $100 on Prime Day purchases as of noon New York time, according to Numerator, which tracked more than 2,000 orders from more than 1,200 households

FlixBus partners with Paytm to enhance global travel tech distribution

This collaboration is poised to drive substantial growth for both companies, expanding Paytm's travel options and reinforcing its position in the travel industry

Paytm gets Sebi warning for transactions with banking unit, defends itself

Company says it's committed to 'highest compliance standards' after regulator flags related party transactions with Paytm Payments Bank in FY22

Adani, Wilmar considering to sell $670 million stake in joint venture

Shares of Adani Wilmar have slid 6.8% this year, valuing the company at about $5.1 billion

GVK Power and Infrastructure faces insolvency proceedings on loan default

The Hyderabad bench of National Company Law Tribunal (NCLT) issued the order on a petition of lenders' group led by ICICI Bank Ltd, GVKPIL said in a stock exchange filing

AI PCs to account for 5-10% of shipments by year end: Asus executive

Su claims that Asus has grown between 3-4 per cent in the first half of 2024, ahead of the overall market

Govt deposits Rs 92 cr to clear immediate bond interest dues of MTNL

Another Rs 64 crore would be paid later this month to clear interest dues that slated to come up in August, sources said

Ola Electric likely to drive in IPO at a lower valuation of $4.5 billion

EV maker last raised funds at $5.5 bn value

SpiceJet CFO Ashish Kumar resigns less than 2 years after appointment

The airline also announced the appointment of Joyakesh Podder as the new head of finance, designated as deputy CFO of the company from July 15

Debt, cashflow from biz to fund Tata Power capex: N Chandrasekaran

Chandrasekaran said, the company has expanded into so many different areas now, each of these areas focusing on growth and cash flow generation

Public-sector banks make beeline for fundraise via infrastructure bonds

Canara Bank raises Rs 10,000 crore at 7.4% through 10-yr bonds

Zee Entertainment Enterprises to raise $239 million through FCCB

The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share

IT firm TCS adds over 5,000 employees in the first quarter of FY25

First firm after Accenture to announce net addition in headcount

Nearly 20,000 employees to be trained in GenAI every quarter: HCLTech

Last quarter, we reported the investments we are making in upskilling our people for GenAI skills. If you recall, last year we trained and certified about 42,000 employees

Demand recovery hopes, valuations to support Hindustan Unilever stock

The FMCG sector is hoping for demand recovery with hopes of a better monsoon helping rural demand and expectations of a pro-consumption Budget

B2B to C: How InMobi is transforming itself into a consumer tech company

The firm has 400 million phones/customers across the world who have Glance

Pune-based ElasticRun eyes operational profitability by end of October

The business-to-business ecommerce player has, for instance, focused on working with regional brands as they give better margins and also allow them to partner with these brands in marketing

Bharti Airtel Foundation launches scholarship programme for students

Aims to empower 4000 students with an outlay of Rs 100 crore annually

State Bank of India launches spl scheme 'Amrit Vrishti' to garner deposits

SBI's Amrit Vrishti offers 7.25% on deposits for 444 days

Irdai imposes penalty of Rs 2 crore on Bajaj Finance, Aegon Life Insurance

Bajaj Finance said that the decision does not have any material impact on its financial, operational, or other activities, the company said in an exchange filing