Page 70 - Companies

Jio Platforms gets Rs 350 crore deal to run NIC's cloud services for 5 yrs

Jio has been selected to enhance NIC's national cloud services and will be deployed at the National Data Centre in Delhi, Pune and Bhubaneswar

Tata Group set to takeover of Wistron's iPhone plant in Bengaluru

India set to get its first homegrown production line for Apple products as Tata Group completes takeover in April

RIL sets sights on frozen food market, takes another bite at dairy

Move aims at competition with Amul, Mother Dairy

Adani Power commences supply to Bangladesh from Godda plant in Jharkhand

Supply was to start in March. However, Bangladesh Power Development Board had sought relief from rising imported coal prices. Unit will source coal from Adani-owned Carmichael mine in Australia

Want to make India an engineering and manufacturing hub: Legrand Group CEO

He said Legrand is planning to expand in the country, doubling down on investments and hiring about 500 people this year as well as make acquisitions

CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30

It is looking to start new business lines like collection and recover services

South Korea to offer $5.3 bn in financing to domestic EV battery firms

South Korea will extend 7 trillion won ($5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States' Inflation Reduction Act (IRA)

Reliance Capital resolution process deadline likely to be extended again

Deadline for resolution process ends on April 16; matter goes under litigation as one bidder moves court

Not looking to raise funds right now, says Physics Wallah co-founder

Reports surfaced recently that the company was planning to raise $250 million in fresh funding, seeking a $3.3 billion valuation. However, Maheshwari denies that

Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges

Hindalco's stock closed flat at Rs 403.35 apiece on the BSE on Wednesday

GQG Partners sees $2 billion Adani bet delivering returns over 100%

The Adani Group lost as much as $153 billion in market value after a US short-seller accused the conglomerate of stock-price manipulation

Paytm reports quarterly GMV rise of 40% in Q4FY23, loan disbursal up 253%

The value of total loans disbursed by Paytm jumped 253% from Rs 3,553 crore in Q4FY22 to Rs 12,554 crore in Q4FY23

Iron Pillar raises $129 mn to invest in global cloud firms from India

The venture capital firm said this is the first-ever Series B / C stage fund focused on investing in global cloud software companies from India

Downturn still nascent, it is time for caution, not expansion: Zoho founder

In an exclusive interaction with Business Standard, Sridhar Vembu say the trend of large-scale layoffs in Silicon Valley has now hit Indian shores

Suzuki Motorcycle India announces appointment of Kenichi Umeda as new MD

Suzuki Motorcycle India Pvt Ltd on Tuesday announced the appointment of Kenichi Umeda as its new Managing Director. Umeda succeeds Satoshi Uchida, who has completed his term as the Managing Director of the company, Suzuki Motorcycle India Pvt Ltd (SMIPL) said in a statement. He will be responsible for the further growing and strengthening Suzuki Motorcycle India's position in the Indian and overseas markets. He brings with him over 27 years of valuable industry experience across various global markets, it added. India is an important market for Suzuki. Delivering innovative products and solutions that meet the evolving needs of customers has been the priority for Suzuki Motorcycle India since its inception, Umeda said about his new role.

Credit Suisse in for firestorm as shareholders get last crack at meet

Once-venerable Credit Suisse is heading into a possible firestorm Tuesday as shareholders meet for what is shaping up to be their last crack at managers following a colossal collapse of the bank's stock price over the last decade and as rival UBS is set to gobble up the 167-year-old Swiss lender at a bargain-basement price. In 2007, Credit Suisse shares fetched as much nearly 88 Swiss francs (dollars). Today, they're trading at about 80 cents. As the stock skid worsened and jittery depositors pulled their money, Swiss government officials hastily orchestrated a USD 3.25 billion takeover by UBS two weekends ago. Political leaders, financial regulators and the central bank feared a teetering Credit Suisse could further roil global financial markets following the collapse of two US banks. Crosstown competitor UBS has been known for a more conservative culture after surviving the 2008 financial crisis, thanks in part to a government bailout. The annual general meeting, the first held i

Jefferies assigns Rs 134-224 per share for Jio Financial Services

Listing and value unlocking to be the key event for RIL's stock price, says Nomura

Tesla sets record with 422,875 car deliveries after slashing EV prices

Tesla Inc. delivered 422,875 cars worldwide in the first quarter, setting a record after it cut prices to appeal to consumers buffeted by rising interest rates and faster inflation

Honda Cars reports 2% increase in domestic sales to 6,692 units in March

Honda Cars India on Saturday said its domestic sales increased by 2 per cent to 6,692 units in March. The company had dispatched 6,589 units to dealers in March 2022, the automaker said in a statement. Exports stood at 3,189 units last month as compared with 2,243 units in March 2022, it added. The company said its domestic wholesales rose 7 per cent to 91,418 units last fiscal, as compared with 85,609 units in FY22. The automaker exported a total of 22,722 units during 2022-23 as compared with 19,401 units in 2021-22, registering 17 per cent growth, it added. "The company has achieved a domestic sales growth of 7 per cent, driven by the strong and positive sales momentum of our models, specifically the Amaze and City," Honda Cars India Director, Marketing and Sales Yuichi Murata said. Despite the persistent challenges posed by the global chip shortage and its impact on production volumes, the Indian automobile industry has had one of its strongest years in terms of sales, he ...

Royal Enfield records increase in total sales by 7% at 72,235 units in Mar

Motorcycle maker Royal Enfield on Saturday reported a 7 per cent growth in total sales at 72,235 units in March, as compared to 67,677 units in the same month last year. Domestic sales were at 59,884 units in the month under review, as against 58,477 units in the year-ago month, a growth of 2 per cent, the company said in a statement. Exports grew 34 per cent last month at 12,351 units, as compared to 9,200 months in March 2022. For the fiscal 2022-23, Royal Enfield said it posted a 39 per cent growth with a record total sales of 8,34,895 motorcycles. The company's sales stood at 6,02,268 units in FY22. Exports were also at record high at 1,00,055 units in FY23, as compared to 81,032 units in FY22, up 23 per cent. Royal Enfield CEO B Govindarajan said it was a remarkable year for the company achieving new heights in sales and market share, and crossed 1,00,000 international volumes for the first time. "Our motorcycles, like the Hunter 350 and Super Meteor 650, have exceeded ...