Page 68 - Companies

What is ESG, how is it supporting companies' efforts toward sustainability

From the role and need to challenges faced by Indian companies in its implementation and criticism around it, here is a lowdown on what is ESG

What's in a logo? A lot, as Sebi and Nokia give a digital twist to theirs

In favour: Clean, simplistic logos that reflect a modern outlook, enjoy visibility on digital platforms

Emerging markets have an edge over mature markets, says BlackRock

The world's biggest money manager favors stocks and bonds from the developing world over those from mature economies in the short term

Google, Meta, other Big Tech cos face UK crackdown as govt unveils new law

A new Digital Markets Unit in the nation's antitrust regulator will have powers imposing additional obligations on some of Silicon Valley's biggest companies

Digital firm MapmyIndia's profit up 23% at Rs 107 crore in FY23

Company says it embedded 1.9 million vehicles with mobility solutions app in FY23

Rajesh Uppalapati as CTO, P Ganesh as CFO: Nykaa announces new appointments

TV Venkataraman will be responsible for the company's Internal Audit and Risk Management charter

Temporary pause in US shipments from Sun Pharma's plant in Mohali

It implies that company has to take corrective action before releasing further batches to the US

IoTechWorld Avigation targets 3,000 agri drones sale, explore export mkt

Agri drone manufacturer IoTechWorld Avigation is targeting to sell 3,000 drones this fiscal, a six-fold jump from the previous year, on rising demand mainly from agrochemical firms and agriculture universities. Startup IoTechWorld, which was founded in 2017 by Deepak Bhardwaj and Anoop Upadhyay, has a manufacturing facility in Gurugram. It sells agri drones at about Rs 7.5 lakh plus GST. Agrochemical player Dhanuka Agritech in 2021 announced an investment of Rs 30 crore in IoTechWorld for a minority stake. "We sold around 500 agri drones during the last fiscal year as against 100 drones in 2021-22," IoTechWorld Avigation co-founder Deepak Bhardwaj said on the sidelines of an event on Saturday. The company celebrated 6th foundation day and launched a new agri drone which is more compact and foldable, thereby easy to transport. "We could not fulfill the entire orders last fiscal because of the shortage of chips," he said. Bhardwaj said the demand is primarily from agrochemical play

Twitter asks companies to pay for check marks, spend monthly to advertise

Businesses that already spend $1,000 a month on ads will be allowed to continue and will be given a gold check mark, the company added

RIL may be a greater threat to D2C FMCG brands, says Kantar report

Reliance, which is now active in a variety of fast-moving consumer goods businesses, might pose a challenge to these smaller online-only firms, the report said

With nearly 100% stock returns in 16 months ITC is in no hurry to win

The unhurried pace of ITC, not controlled by any business family, has been reassuring

HDFC Capital to hike stake in proptech startup Reloy by up to 2.4%

HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on Wednesday, HDFC Capital Advisors will acquire 1.67 lakh compulsory convertible preference share (CCPS), which post allotment will be equivalent to additional 1.8 per cent to 2.4 per cent stake in Loyalie (Reloy). The preference shares are proposed to be acquired at Rs 89.81 per equity share, taking the transaction value to Rs 1.49 crore. In March last year, HDFC Capital had acquired a 7.2 per cent equity stake in Loyalie IT Solutions Pvt Ltd (Reloy) for Rs 1.1 crore. Founded by Akhil Sharaf in 2018, Reloy has been working closely with top real estate developers to create the perfect home owning journey through their customer loyalty programmes. In the regulatory filing, Housing Development Finance Corporation (HDFC) sai

Jet Airways' fate in jeopardy as NCLT deadline for Jalan-Kalrock nears

The expiry of the airline's air operator's permit (AOP) is also due on May 19

Hinduja Housing Finance to raise Rs 800 cr via capital bond, debentures

Maiden bond issue to diversify fund sourcing; seeks 30% growth YoY for 3 years

'Brokerage rates in India are among the lowest, need re-evaluation'

Ravi Kumar says float income generated by the industry is indeed facing challenges and brokerage rates could edge higher

Orders of Blinkit rivals surge as workers strike in Delhi-NCR continues

The delivery executives are seeking a reversal of the pay-out structure, which they claim is causing a reduction in their earnings

Over 76 firms ink non-disclosure agreement with govt to use ULIP data

Over 76 firms have signed non-disclosure agreements with the government to access data from the Unified Logistics Interface Platform, an official said on Monday. The Unified Logistics Interface Platform (ULIP) was launched on September 17 last year as part of the national logistics policy. It is a digital gateway for enabling industry players to access logistics-related datasets from various government systems through request and response-based application programming interface (API) integration. National Industrial Corridor Development Corporation Limited Vice President Abhishek Chaudhary said that over 76 agreements have been signed with the private players. He said that 15-20 more are in the pipeline to sign these pacts. The firms that have signed these agreements include MapMyIndia, CargoExchange, Freight Fox, Conmove, Intugine, Eikonatech, Superprocure, CargoShakti, CloudStrats, and Shyplite. The ULIP platform will enable the industry players to get secure access to informat

NTPC to build more coal plants this year to meet soaring power demand

The projects underscore how even as India sets ambitious long-term decarbonization targets, in the near term it will continue to rely on the dirtiest fossil fuel to meet rapidly growing power demand

Number of startups rose to 90,000 in nine years, says Ashwini Vaishnaw

Union minister Ashwini Vaishnaw on Thursday said that in the last nine years, the number of startups in the country increased to 90,000 due to promotion of the startup culture by the Modi government. He said the central government is trying to make Rajasthan the first IT hub of the country but it is possible when the state government also cooperates on this front, according to a release. The minister was speaking at the inauguration of Software Technology Parks of India (STPI) centre here. To meet the growing needs of IT industry and entrepreneurship in the state, STPI has set up an incubation facility at Sitapura Industrial Area. He said that setting up of the STPI centre in Jaipur would help in making Rajasthan an electronics manufacturing hub. Jaipur MP Ramcharan Bohra, mayor of Jaipur Greater Municipal Corporation Somya Gurjar and others were also present.

Softbank moves to slash Alibaba stake fueling a $13 billion slump

The contracts give SoftBank the option to buy the shares back, but the group has settled previous deals by handing over the stock