Page 745 - Company News

LIC launches project 'Jeevan Samarth' to meet customers' evolving needs

The life insurance giant has partnered with A T Kearney to undertake the transformation project by reviewing the existing agency framework of LIC on an end-to-end basis

NCLT asks Byju's to pay salaries to employees, warns firm of facing audit

The edtech firm has paid April, May salaries but is yet to make full payments for February and March

Bajaj Auto to unveil world's first CNG bike: What we know so far

Bajaj Auto is set to launch its latest motorbike with dual-fuel capability, which will run on both petrol and CNG, thereby cutting the running costs by half

Realty co Mahindra Lifespace eyes Rs 2,050 cr revenue from 2 new projects

In a regulatory filing, the company informed about the 'closure of two deals aggregating to Rs 2,050 crore in Gross Development Value'

AstraZeneca to invest Rs 250 crore in expanding its GITC in Chennai

This will be the company's largest GCC in the world. This is a monumental addition by the company, joining other global giants like Hitachi Energy in establishing their biggest GCCs in Chennai

Zomato shuts down hyperlocal delivery platform 'Xtreme' amid poor demand

Despite its strategic launch, 'Xtreme' failed to gain traction, leading Zomato to remove it from the Google Play Store

Bank of Maharashtra records 19% growth in credit for April-June quarter

The outstanding credit was Rs 1.75 lakh crore at the end of June 30, 2023, BoM said in a regulatory filing

'Pay salaries or face an audit': NCLT warns crisis-hit edtech firm Byju's

The Bengaluru-based law tribunal told Byju's to pay the outstanding salaries to its employees irrespective of whether it has access to the funds raised through its rights issue

Wipro Consumer Care-Ventures leads investment round in snacks firm LetsTry

Founded in 2021 by Nitin Kalra, LetsTry offers premium quality snacks that resonate with the traditional tastes and preferences of Indian consumers

Tesla investment in India not anytime soon as Musk ceases contact: Report

Elon Musk's team hasn't made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India in late April

OnePlus names Chinese exec for India head position amid retail problems

Robin Liu, who was recently the chief executive for OnePlus's North American region, will now oversee the India operations

Suzuki Motor unveils Rs 340 crore fund to support social impact startups

This Suzuki initiative aims to support social impact startups in the domains of agriculture, financial inclusion, rural supply chains, and rural mobility, through a residency programme

Fast fashion brand Shein to re-enter India on Reliance Retail's app, stores

After a 4 year absence, Reliance may be launching Shein in India on its apps and storefronts within the coming weeks: All you need to know

Inox Wind to become a debt-free company after promoter infuses Rs 900 cr

Inox Wind Ltd announced the completion of infusion of Rs 900 crore into the company by its promoter Inox Wind Energy Ltd

USFDA pulls up Sun Pharma for manufacturing issues at Dadra facility

The warning letter summarises significant violations of Current Good Manufacturing Practice (CGMP) regulations for finished pharmaceuticals at the facility, it stated

Vedanta reports rise in production of aluminium, iron ore, zinc in Q1

In a filing to the BSE, the company said the aluminium output grew 3 per cent to 5,96,000 tonnes in the first quarter over the year-ago period, Vedanta said in a filing to BSE

Koo's flight cut short: Twitter challenger grounded by merger collapse

Koo's entry into the startup dead pool comes at a time when the startup world has been grappling with the so-called funding winter

2025 will be best year for growth, profitability: Unacademy co-founder

Amid claims that the edtech company is up for sale, Unacademy Co-Founder and CEO Gaurav Munjal in a social media post asserted that the management is building the company for the long run

Anand Mahindra asks industry to boost capital investment to 'ride the tide'

India's emerging role as one of the vital nodes in future-proofed supply chains across industries opens the door for growth within the country and expansion beyond, he stated

CII calls for more cooperation between India Inc, govts in North East

Over the next 5-6 years, the industry body will work with around 100 non-government organisations (NGOs) in the region and build their capacity to attract more funds from corporate India