Page 813 - Company News

Piramal Pharma open to partnerships in OTC; eyes further debt reduction

Piramal said that they are focusing on organic growth across all their verticals - OTC business in India, complex hospital generics, and the Contract Development and Manufacturing (CDMO) business

French BPM major Teleperformance to hire 15,000 people by end of 2025

The company plans to add 60,000 employees over the next three years in India

Zomato to surrender RBI licence to operate as online payment aggregator

The development comes months after the company received the licence from the central bank to operate as an online payment aggregator, with effect from January 24, 2024

Zomato seeks approval from shareholders for creation of new ESOP pool

The company said that under the ESOP 2024, it will grant shares of 18.26 crore to the employees of the company

Paytm to focus on UPI Lite Wallet after RBI's crackdown on payments bank

Users can add up to Rs 4,000 daily and carry out low-value transactions without requiring a PIN

Coromandel increases stake in drone company Dhaksha; to invest Rs 150 crore

Coromandel will invest Rs 150 crore through a fresh issue of shares to increase its overall shareholding in Dhaksha to 58 per cent. Dhaksha, incorporated in 2019 and headquartered in Chennai

Hero MotoCorp joins ONDC to enhance reach, ease accessibility for customers

"With this initiative, Hero MotoCorp is furthering the government's Digital India mission and we will continue to bring in more innovation in this space," Hero MotoCorp CEO Niranjan Gupta said

Aditya Birla Capital Q4 results: Net profit doubles to Rs 1,245 crore

The consolidated profit after tax, excluding one-off items (sale of shares in AMC through OFS in Q4 FY24), grew 33 per cent to Rs 812 crore in the quarter, it said

Airtel to offer cloud and Gen-AI solutions with Google Cloud in India

The two companies are targeting the large and growing Indian public cloud services market, which is expected to reach $17.8 billion by 2027, according to IDC

Concentrix to expand India operations by hiring 20,000 this year: CEO

''India will probably surpass the Philippines early next quarter both from a total growth and size perspective''

Jindal Steel Q4 results: PAT at Rs 933 cr, up 100.2%; revenue falls 1.4%

Its net revenue fell 1.4% to Rs 13,521 crore on lower steel prices, making this tycoon Naveen Jindal-led steelmaker's smallest revenue fall in five quarters

Piramal Group's fund management arm invests Rs 600 cr in Annapurna Finance

The assets under management of Annapurna Finance exceed $1.25 billion as of March 31, 2024, with 1,372 branches spread across 20 states and covering nearly 450 districts

Singapore airport retailer to run duty-free outlet at Noida airport

Heinemann & Hyderabad-based BWC Forwarders will operate duty-free, retail area; outlets in it will feature a selection of premium liquors, tobacco, confectionery, perfumes, cosmetics, and chocolates

Hyundai ties up with Laxmi Group to begin Venue production in Nepal

The Laxmi Group will manufacture and sell the cars in Nepal, in continued collaboration and support on products and technology from HMC Korea and Hyundai Motor India, the automaker stated

Veira to invest Rs 450 cr on new unit to increase production capacity

This investment will result in increasing existing production capacity from 100,000 to 500,000 units of washing machines and air coolers annually

Hyderabad-based Greenko signs green ammonia supply pact with Norway's Yara

Greenko will supply green ammonia from Phase 1 of its ammonia production facility in Kakinada, India

Airtel, Google Cloud partner to propel cloud adoption & gen AI in India

Public cloud services market in India is expected to reach $17.8 billion by 2027

Meesho raises $275 million, eyes $600 million in ongoing round

Meesho plans to utilise its primary capital of approximately $300 million to cover taxes resulting from relocating the company's base back to India from Delaware

Zomato Q4 results preview: Analysts expect rise in food delivery revenues

Q4 FY 24 results: Zomato is expected to deliver strong earnings growth in the fourth quarter of the financial year 2023-24

Apple's India iPhone exports soar, set to cross Rs 1 trillion mark in FY25

Exports of iPhones produced in India nearly doubled in April, reaching $1.1 billion (Rs 9,000 crore) compared to $580 million a year ago