Page 807 - Company News

Bharti Enterprises sells shares of ICICI Lombard for Rs 663 crore

After the stake sale, the shareholding of Bharti Enterprises declined to 1.63 per cent from 2.43 per cent

NPCI to delay payments market cap by two years, helping PhonePe, Google Pay

NPCI, which has a regulatory mandate from the central bank, announced the 30% cap in 2020 but later extended the deadline by two years to the end of 2024

Air India Express withdraws termination of 25 cabin crew members

Union assures resumption of work; 85 flights cancelled on Thursday

Alcatel-Lucent Enterprise eyes €100 million revenue from India in 3-5 years

Headquartered in Paris, France, ALE has a presence in more than 50 countries globally. In India, the company has around 250 employees

VIL shareholders approve plan to raise authorised share capital to Rs 1 trn

Vodafone Idea (VIL) has sought shareholders' nod to raise companies authorised share capital to Rs 1 lakh crore from Rs 75,000 crore, following its recent Rs 18,000 crore follow-on offering (FPO)

Marut Drones, Iffco team up for spray ops in 500,000 acres in AP, Telangana

This initiative aims to optimise crop yields while minimising environmental impact, ultimately contributing to sustainable agricultural practices

Paytm denies claims on its lending partners invoking loan guarantees

Paytm's non-bank lending partners include companies such as Aditya Birla Finance, Hero Fincorp, Piramal Capital, Poonawalla Fincorp, Shriram Finance, SMFG India Credit, and Tata Capital

Nissan Motor upbeat on annual profit with 5.5% rise despite challenges

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures

Paytm founder's Pai Platforms testing ride-hailing services on ONDC

For instance, other platforms, such as Yaary, a group representing Hyderabad's auto rickshaw and taxi drivers, launched their ride-hailing service on ONDC in December last year

Venturi Partners purchases stake of $27 million in K12 Techno Services

K12 Techno is a platform operating in the private education sector in India

Demand for ice creams, ACs expanded during summer sales event: Amazon India

As the temperature in India soars, so does the demand for cooling essentials

Abbott India Q4 results: Profit rises 24% to Rs 287 cr, revenue up 7%

The drugmaker's revenue from operations increased to Rs 1,439 crore, a 7 per cent increase from the Rs 1,343 crore recorded in Q4 FY23

AI Express cabin crew calls off strike; airline assures to look into issues

Besides, the airline has agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations, they added

Omron's India arm, AliveCor to market AI-based portable ECG in India

While stroke risk is 3.4 times higher with hypertension, it becomes nearly five times higher with Afib, which means that people who frequently experience Afib could face a stroke shortly

Oracle doubles down on artificial intelligence investments in India

Oracle Database 23ai, the latest release of Oracle's converged database, is in line with the company's sharp focus on AI

IHCL, partner CG Hospitality eye 25 hotels in Indian sub-continent by 2025

The overall investment for this portfolio of 25 properties with 2,500 rooms, under the Ekyam platform, could get anywhere close to around Rs 4,000 crore

Delhi HC asks Swiggy, Zomato to delist 13 eateries using Domino's trademark

Domino's initiated a lawsuit for trademark infringement against 13 restaurants operating names such as 'Dominic Pizza', 'and Dominek's Pizza', among others

India becomes the third country in the world with a million Uber drivers

In the quarter ending March 31, Uber witnessed a 15% surge in global revenue from the previous year, reaching $10.13 billion

Byju's slashes course fees by 30-40%, ups sales incentives by 50-100%

Byju Raveendran has also promised to settle all dues of the sales team with higher incentives

Happiest Minds to acquire US-based Aureus Tech Systems for $8.5 million

This is the third acquisition by Happiest Minds in FY25. In April, it acquired PureSoftware Technologies for $94.5 million (Rs 784 crore) and Macmillan Learning India for Rs 4.5 crore