Page 62 - Companies

Eveready will focus on growth but in a profitable manner: Mohit Burman

In a Q&A, the non-executive director who spearheaded the firm's change of hands from the Khaitan family to the Burmans, says he plans to sustain the current level of growth, if not exceed it

Air India upgrading crew rostering, customer notification system: Wilson

Air India is also upgrading its customer notification systems and processes to make them "less manual, more accurate and to utilise new channels such as WhatsApp" Wilson told employees

Isuzu may sell 44% stake in India unit as it exits low-profit businesses

Japanese firm, whose stake is valued at Rs 734 cr, is talking to several potential investors including JBM Auto, a media report said on Friday

Japan-based Musashi forays into Indian EV market with Rs 70-cr investment

Musashi will collaborate with BNC Motors for expansion into the EV market

Oracle lays off hundreds of employees at its health unit Cerner: Report

In May, another media report said that Oracle had laid off 3,000 employees at Cerner

Kesoram plans to infuse fresh capital of Rs 60 crore for Cygnet turnaround

Kesoram Industries Ltd is planning to infuse fresh capital of Rs 60 crore for the turnaround of Cygnet Industries Ltd, its wholly owned subsidiary, to transform it into a leading global supplier of cellulose transparent paper, a senior company official said on Thursday. The Manjushree Khaitan-led company is the only one in south Asia that manufactures non-toxic, biodegradable cellulose transparent paper, also known as cellophane paper, used to wrap food and protect it. There is growing demand for cellulose transparent paper in developed economies of the world as well as in the country. The strategic investment will allow Cygnet to improve its manufacturing capability, widen its product portfolio and achieve better quality standards, he said. "We are in discussions to bring in strategic investors, including with our technical partner Futamura, who can add value. Given the rise in demand, there is a shortage in the global supply of transparent paper and India can be a major supplier,

Lenskart raises $100 mn from ChrysCapital, plans global expansion

Eyewear company's $4.2 bn valuation is unchanged from last year's funding round: Sources

Ashok Leyland, Aidrivers to make autonomous truck model for port operations

Companies says first such electric platform in country will help port industry in zero emission

Cloud remains long-term investment priority for 70% corporations: TCS study

75% respondents say they invested in AI, machine learning capabilities in the past two years

PE player ChrysCapital invests $100 million in eyewear brand Lenskart

The latest investment brings Lenskart's total capital infusion to nearly $850 million within the past year

ITC's FMCG revenue up 20% in FY23 as it aims to de-risk from tobacco biz

ITC's revenue growth is impressive as compared to 9 per cent in FY22 and 11 per cent in FY21

Startup funding dips 71% in 2023; consumer, environment tech sectors shine

Consumer tech start-ups, offering technology-driven products and services to consumers, have managed to corner the most funding at $1.6 billion

Jettwings, new regional airline for northeast states, plans takeoff in Oct

In India, the first E175 jet with 12 business class and 64 economy seats was inducted by regional airline StarAir in May

Concor disinvestment: Dipam may seek finmin, inter-ministerial group help

Govt seeks to sell stake worth Rs 12,000 cr in national transporter this fiscal as part of disinvestment target

State-owned BSNL behind private telecom firms in rural, urban markets

In March 2020, BSNL had a rural market share of over 7% with a subscriber base of 37 million; Jio and Airtel had a market share of nearly 34% each during the same period

Sony likely to seek forensic audit of Zee Entertainment, say lawyers

The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director

Mortgage lender Aviom India raises $30 mn for business expansion

Company runs programme that offers loans to women who don't have formal income documentation

SAT to take up Zee Ent promoter plea against Sebi order on June 15

'Principles of natural justice' not followed, say legal representatives

Peak XV Partners received 15x return on its investment in Go Fashion

In November 2014, Peak XV Partners had acquired a 33.3 per cent stake in Go Fashion for Rs 60 crore

Gangwal family may sell up to 8% stake in Indigo via block deals by July

The family is bringing its stake down since September last year when it first sold a tranche of 2.8 per cent worth Rs 2,000 crore