Page 93 - Companies

EnKash gets RBI's in-principle nod to operate as online payment aggregator

On Tuesday, Hitachi Payment Services and BharatPe also received in-principle authorisation to operate as payment aggregators

VECV unveils new intercity electric bus to cover travel upto 500 km

VE Commercial Vehicles (VECV) on Wednesday unveiled a range of vehicles, including an intercity bus that can travel up to 500 kilometer with a mix of depot and 30-40 minute opportunity charging during a journey. VECV, a joint venture of Volvo Group and Eicher Motors, unveiled 13.5 meter long electric intercity coach, Eicher Pro 2049 electric 4.9 T GVW Truck, which it claims to be the longest EV in the segment. "It will cover around 300-350 kilometer on a single depot charge of about six hours and with an opportunity charge of 30-40 minutes during the journey, it can travel next 150-200 kilometer, " VECV President for Bus Division Akash Passey told PTI. Meanwhile, Eicher unveiled LNG and CNG-based Eicher Pro 8055 truck that can switch to CNG fuel by a switch provided in the vehicle. Volvo Trucks showcased Volvo FM LNG 420 4X2 tractor. Senior officials of the company said the tractor is undergoing trials with leading e-commerce operators in long-haul hub-to-hub operations. VECV ...

Reliance Retail to turn Metro stores into destination retail outlets

Metro sold only to business customers as its German parent had to comply with India's FDI norms

NCLAT declines stay on CCI's Rs 936 cr Google penalty, asks firm to pay 10%

The NCLAT, on January 4, had refused an interim stay on an order of the competition regulator imposing a Rs 1,337 crore penalty on Google

Ashok Leyland showcases six commercial vehicles at the Auto Expo 2023

Auto Expo 2023: The vehicles showcased were 'green' powered by electric options and hydrogen

Maruti Suzuki unveils concept electric SUV 'eVX' at Auto Expo 2023

Maruti Suzuki also displayed its range of 'sustainable' cars like the WagonR Flex Fuel prototype, Brezza S-CNG and Grand Vitara Intelligent Electric Hybrid at the Expo

Adani Enterprises FPO may get a big boost from Gulf sovereign wealth funds

Adani Enterprises will need to offer at least 35 per cent of the FPO, worth as much as Rs 7,000 crore, to retail investors

Goldman Sachs to cut about 3,200 jobs this week after cost review

The cuts also come a week before the bank's traditional year-end compensation discussions

Food brand Whole Truth raises $15mn in series B led by Sequoia Capital

Company will use money for expanding manufacturing, hiring and retail distribution

CESL invites bids to lease out 3,500 e-vehicles for period of up to 5 years

State-owned CESL on Monday said it has invited bids to lease out 3,500 electric vehicles for a period of up to 5 years. The bids have been invited from original equipment manufacturers (OEMs)/leasing agencies/NBFCs for leasing the 4-watt battery-based cars to various departments and autonomous bodies across 18 states and Union Territories for a tenure of 3-5 years, the company said in a statement. These states/UTs include Delhi, Maharashtra, Gujarat, Uttar Pradesh, Kerala, West Bengal, Haryana, Assam, Odisha, Rajasthan, Madhya Pradesh, Bihar, Goa, among others. Convergence Energy Services Limited (CESL) will charge a service fee for making available the aggregated demand for cars. "The demand for replacement of fleet is increasing very significantly. I hope that through the design of appropriate structures, we are able to meet that need and involve other stakeholders. We urge OEMs and leasing agencies to participate in this project and together build the ecosystem for a total ...

Toyota Kirloskar Motors restarts booking for Hilux utility vehicle

Car maker Toyota Kirloskar Motor on Monday said it has restarted bookings for its utility vehicle Hilux.

Tell your client to maintain decorum: HC tells Ashneer Grover's counsel

Delhi High Court was hearing a suit filed by BharatPe seeking, among other reliefs, orders to restrain Grover from making defamatory statements against the company

Healthcare edtech start-up Virohan raised $7 mn from Blume Ventures

Company's omnichannel platform trains students in allied healthcare programmes

Taiwan's Evergreen Marine Corp gives mega bonuses worth 50 months' salary

The Taipei-based shipping company is handing out year-end bonuses equal to 50 months' salary, or more than four years' pay, on average to celebrate a standout year

Google rolls out group chat end-to-end encryption for Messages app

Tech giant Google has rolled out end-to-end encryption in group chats for Messages app users enrolled in the beta programme

Samsung's CEO Han Jong-hee expects economic woes to continue this year

Samsung's chief executive has said macroeconomic challenges will persist throughout this year, amid sluggish demand, rising materials and logistics costs

As crypto winter deepens, NFT marketplace SuperRare cuts 30% of workforce

SuperRare raised $9 million in its Series A funding in March 2021, led by Velvet Sea Ventures and 1confirmation

AR smart lens developer Mojo Vision lays off 75% of its workforce

AR smart lens developer Mojo Vision has slashed 75 per cent of its workforce across a variety of departments and functions amid the deepening funding crunch

Cerberus drops purchase of Apollo's Unit after Arcion Revitalization deal

The US firm's Indian arm decided not to proceed with the deal in October after agreeing to acquire Arcion Revitalisation Pvt. for about 2 billion rupees ($24 million)

Twitter security headaches mount with data leak of over 230 mn users

The database, which was posted on Wednesday, contains the names and email addresses of politicians, journalists and bankers, among others