Page 991 - Company News

Google to add more real-money game apps on Play, charge a service fee

The "expanded RMG support" will be launched in June for developers in India, Mexico, and Brazil, with plans to extend the service to more countries later

Govt acts against Indian firm for undisclosed links with Chinese group

The company had denied any relationship with China's Metec Group of companies and claimed that the relationship was limited to buying goods only, the official said

Wipro sees pressure on revenue growth in Q4; net profit falls 12% in Q3

Margins for the second quarter are likely to be "range-bound" similar to the last few quarters, the management said during a media briefing

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

In November 2023, Netherlands-based tech investor Prosus NV marked down Byju's valuation to under $3 billion

299 mines identified as abandoned, discontinued or closed so far: Govt

Mines closed before 2009 often lacked a structured closure framework, leading to non-scientific closures

RIL, int'l partners launch data centre in Chennai, their first in India

Joint venture called Digital Connexion has bought land in Mumbai to set up another data centre

Coca-Cola India's bottling arm refranchises operations in 3 regions

Move will bring scale and contiguity to business, says bottling arm of Coca-Cola

Jindal Power proposes to top Adani's bid for coal-power plant: Report

The tussle for the 1,980-megawatt plant in central India, ensnared in insolvency proceedings, comes after the power minister called last November for more private investment

Bhushan Steel bank 'fraud' case: ED arrests 5 including ex-executives

After completing the corporate insolvency resolution process, Bhushan Steel was taken over by Tata Steel Ltd in 2018

Karnataka HC: Xiaomi files appeal against ED's seizure of Rs 5,551.27 cr

The bench of Chief Justice Prasanna B Varale and Justice M G S Kamal heard the arguments submitted by the counsel for the company before adjourning the hearing to January 20

Food regulator FSSAI inspects flight kitchens following live worm fiasco

Indigo says it has undertaken a review of catering partner's production, packaging processes

Bombay High Court junks pleas challenging closure of Talegaon plant

The High Court upheld the decision of the Industrial Tribunal allowing GMI to close the plant after noting accumulated losses of Rs 9,656.87 crore as of 2021-22

Hyundai, IIT-M to set up Hydrogen Valley Innovation Hub for green solutions

A memorandum of understanding between Hyundai Motor India, IIT-Madras, and the state government's investment promotion agency Guidance Tamil Nadu was signed during the Global Investors Meet

NTPC Green Energy signs 2 pacts for green hydrogen projects in Gujarat

The NTPC's arm signed the Memoranda of Understandings (MoUs) with Gujarat State Petroleum Corporation Ltd (GSPC) and Gujarat Pipavav Port Ltd (GPPL)

State Bank of India floats scheme to raise funds for green projects

Besides approaching retail customers, SBI will look at tapping family offices, entities that manage money for high net worth individuals, for garnering green money

Brokerages bullish on Sapphire Foods India amid muted outlook for QSR

While the company has a franchise for both KFC and Pizza Hut (PH), the street believes that the KFC business will do better than PH business in the near term

Avalon Technologies joins MeitY's RUDRA supercomputing mission

The partnership will add to the indigenous manufacturing capability of High-Performance Computing (HPC) systems that are a part of the 'RUDRA' programme, said the company in an announcement

Gail India's Mahanagar Gas forms LNG joint venture with Baidyanath

The joint venture aims to set up six LNG stations in Maharashtra in the first phase and subsequently expand its footprint across the country, said MGL managing director Ashu Shinghal

CISCO, NAMTECH enter tie-up to impart training in cybersecurity, AI

The agreement, which was signed at the Vibrant Gujarat Global Summit 2024 in Gandhinagar, aims to build a talent pipeline comprising more than 5,000 engineers and technicians over the next five years

Welspun Group to invest Rs 500 cr towards plastics biz in Jammu & Kashmir

Speaking to PTI, the group's chairman B K Goenka said it will invest over Rs 40,000 crore for multiple projects including the new bets of green hydrogen and green ammonia