Company India NEWS. Stock Market NEWS Updated Daily

Company India NEWS. Stock Market NEWS Updated Daily

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Company India NEWS. Stock Market NEWS Updated Daily

Alteria Capital announces final close of oversubscribed third fund

Alteria Capital announces final close of oversubscribed third fund

Its venture debt scheme has been significantly oversubscribed with a final close at rs 1,550 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-03-27

Top 20% of Urban Company partners earn 50% more than entry-level IT jobs

Top 20% of Urban Company partners earn 50% more than entry-level IT jobs

According to the latest ncaer report published in august 2023, gig workers on food delivery platforms earn an average of rs 13,581 monthly net of all costs, after an active long-shift
Tag: Company India    Source: business-standard.com   Dated: 2024-03-27

Google Ireland gets tax relief on Rs 8.6K crore it got from India arm

Google Ireland gets tax relief on Rs 8.6K crore it got from India arm

The ruling by the bangalore-based income tax appellate tribunal (itat) may have repercussions on similar transactions by multinationals, feel experts
Tag: Company India    Source: business-standard.com   Dated: 2024-03-27

Zydus Lifesciences gets 4 observations from USFDA for Gujarat plant

Zydus Lifesciences gets 4 observations from USFDA for Gujarat plant

Zydus lifesciences on wednesday said the us health regulator has issued a form-483 with four observations following the inspection of its ahmedabad-based sez onco injectable manufacturing plant. the us food and drug administration (usfda) conducted the cgm
Tag: Company India    Source: business-standard.com   Dated: 2024-03-27

Renault, Nissan Motor to drive four new SUVs into India from 2025

Renault, Nissan Motor to drive four new SUVs into India from 2025

Both companies to unveil a five-seater and a seven-seater suv each
Tag: Company India    Source: business-standard.com   Dated: 2024-03-27

Maruti Suzuki India rejigs top deck, heads of several verticals changed

Maruti Suzuki India rejigs top deck, heads of several verticals changed

Partho banerjee is the new head of marketing and sales; ram akella will head the service division
Tag: Company India    Source: business-standard.com   Dated: 2024-03-27

Maruti Suzuki's mcap breaches Rs 4 trillion mark in intra-day trade

Maruti Suzuki's mcap breaches Rs 4 trillion mark in intra-day trade

Maruti suzuki india's market valuation went past the rs 4 lakh crore mark in intra-day trade on wednesday, helped by a rally in the stock which reached a new peak. shares of the company climbed 2.40 per cent to settle at rs 12,550 apiece on the bse. during
Tag: Company India    Source: business-standard.com   Dated: 2024-03-27

Infosys to provide AI tools to German media firm for storytelling, reports

Infosys to provide AI tools to German media firm for storytelling, reports

It company infosys will provide artificial intelligence (ai) technology to germany-based handelsblatt media group for storytelling, compiling reports of global economic and financial topics under a strategic deal signed between the companies, the bengaluru
Tag: Company India    Source: business-standard.com   Dated: 2024-03-27

YouTube removes 2.25 mn videos in India for violating community guidelines

Youtube also said that more than 96 per cent of these videos were first flagged by machines rather than humans
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Amazon invested .2 bn, hired 15,000 people in 2023 to tackle counterfeit

Online marketplace amazon invested more than usd 1.2 billion and hired about 15,000 experts in 2023 to protect the brand, its sellers, and customers from fraud and counterfeit, according to the amazon 2023 brand protection report. amazon said when a custom
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

LIC receives GST demand notice of Rs 39.39 lakh from Gujarat I-T officials

Life insurance corporation of india (lic) on tuesday said tax authorities have slapped a demand notice of about rs 39.39 lakh on it for short payment of goods and services tax (gst) for 2017-18. the company has received a communication/demand order for int
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

SpiceJet settles Rs 755 crore liabilities with aircraft lessor EDC

The carrier stated that it will acquire full ownership of these 13 planes as a part of the agreement. it mentioned that the liabilities arose from a loan taken by the airline to procure these planes
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

ZEE introduces monthly management mentorship programme to meet key metrics

A special committee has been formed to offer strategic guidance, which includes achieving the targeted 20% ebitda margin set forth by the md & ceo
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Daimler India CV posts record sales in 2023 boosting growth in revenue

Daimler india commercial vehicles, the subsidiary of truck manufacturer daimler truck ag, recorded a 39 per cent growth in sales of trucks and buses in 2023, a top official said on tuesday. the indian subsidiary of germany-based daimler truck posted a 13 p
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Nissan Motor plans to launch three all-new models in India by FY26

Japanese auto major nissan motor co ltd plans to launch three all-new models in india by fiscal year 2026 and make the country a hub for exports under its new global business plan to drive value and strengthen competitiveness, according to a company statem
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Ambit Finvest raises Rs 690 crore from Daiwa Securities, existing investors

Non-bank lender ambit finvest on tuesday said it has raised rs 690 crore from a japanese securities group and other existing investors. japan-based daiwa securities group, which has been a partner for ambit group in other businesses, will get a minority st
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Executives plan to invest more in GenAI for sustainability: IBM study

Nearly two-thirds of top executives surveyed believe that generative artificial intelligence (ai) will be important in their sustainability efforts while 76 per cent of executives plan to increase their investment in this emerging technology for sustainabi
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Tejas Networks, Telecom Egypt sign pact to speed-up vision of Digital Egypt

Tata group-backed telecom gear-maker tejas networks on tuesday said it has signed an agreement with telecom egypt, information technology industry development agency and national telecom institute to replicate its experience of implementing bharatnet (rura
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Funding for Indian startups falls 29% Y-o-Y to .6 bn in Q1 CY23: Report

Retail, fintech, enterprise applications sectors that go the largest amount of money, it says
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Adani Ports acquires 95% stake in Gopalpur Port in Rs 3,350 cr deal

Deal in odisha will give company further access to mining hubs in eastern india says ceo
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

SpiceJet to own 13 Bombardier Q400 planes after mn settlement

Spicejet has over the last few months reached settlements with multiple lessors, including aercap, as the company looks to restore its grounded fleet and return to full capacity
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Zerodha's Nikhil Kamath leads mn round in coffee specialty brand Subko

Subko, a brand known for its premium coffee, baked goods, and bean-to-bar chocolate, has secured a significant investment round of million
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

GAIL plans to commission its first green hydrogen project in April

"once the initial hiccups are sorted at the commissioning stage, we expect to start producing in a month's time," one of the sources said
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Wipro GE Healthcare to invest Rs 8K cr in 5 yrs on medical devices, R&D

Wipro ge healthcare on tuesday said it will invest over rs 8,000 crore in india over the next five years to increase local manufacturing and research and development (r&d) initiatives. the company, a leading global medical technology, pharmaceutical diagno
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City

Axis bank on tuesday announced the introduction of digital us dollar fixed deposit (fd) for nri customers at the ifsc banking unit (ibu) at gift city, gujarat. with this introduction, axis bank becomes the first bank to offer a digital journey for gift cit
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Adani's stake purchase in Gopalpur Port to provide debt relief to SP Group

Adani ports agreed to purchase a 95% stake in the port for 13.5 billion rupees (2 million) from shapoorji and orissa stevedores ltd
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Adani group eyes 45 GW renewable energy capacity by 2030 via solar power

Billionaire gautam adani's group is building the world's largest renewable energy park in gujarat, as it eyes a massive 45 gw capacity to generate electricity largely from solar energy. speaking at the opening of 'energy revolution: the adani green energy
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Dell reduces workforce as part of broader cost cuts, limits external hiring

The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Adani Ports set to buy 95% of Odisha's Gopalpur Port for 2 million

Adani ports will purchase a 56% stake in gopalpur port from real-estate conglomerate shapoorji pallonji group (sp group) and a 39% stake from orissa stevedores
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Avanse raises Rs 1,000 cr from investors led by Mubadala Investment Company

Avanse financial services, an education-focused non-banking financial company (nbfc), on tuesday announced that it has raised primary capital of rs 1,000 crore to fund business growth. this round of funding was led by mubadala investment company (mubadala)
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Zee Entertainment should cut costs in profit pursuit, says panel

The move coming on the heels of a failed billion merger with sony india and the collapse of a .4 billion cricket broadcasting deal over a missed payment
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Bank of Baroda wins co-branding rights for three Delhi Metro stations

State-owned bank of baroda (bob) on tuesday announced that it has acquired the co-branding rights for three stations of delhi metro. these stations are inderlok, south extension and rajouri garden. delhi metro rail corporation (dmrc) awarded the naming rig
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

NTPC signs aggrement with Japan's JBIC for Rs 1,650 crore funding

State-owned power giant ntpc on tuesday said it has inked a pact with a japanese agency for sourcing foreign currency loans of usd 200 million (jpy 30 billion or around rs 1,650 crore).. japan bank for international cooperation (jbic), a government policy-
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Sanofi, Cipla join hands to expand reach of CNS portfolio in India

Cipla will leverage its extensive network to distribute sanofi's cns portfolio, including frisium, a leading anti-epileptic drug
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Adani Power gets CCI's approval to acquire Lanco Amarkantak Power

Fair trade regulator competition commission of india (cci) on tuesday cleared adani power's proposed acquisition of lanco amarkantak power. adani power proposes to acquire 100 per cent share capital and control of the lanco amarkantak power, pursuant to th
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

RBI imposes Rs 59.90 lakh fine on Nashik's Janalaxmi Cooperative Bank

The reserve bank on tuesday said it has imposed a penalty of rs 59.90 lakh on nashik-based janalaxmi cooperative bank for non-compliance with regulations. the reserve bank found out that the bank had failed to constitute a board of management within the ex
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

ED attaches Rs 124 crore worth assets in probe against Religare Finvest

The enforcement directorate on tuesday said it has attached assets worth more than rs 124 crore belonging to various companies as part of a money laundering investigation against religare finvest limited (rfl) and others. the properties attached, as part o
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Wipro-GE JV to invest Rs 8K crore to 'Make in India for the World'

The products slated for export include positron emission tomography-computed tomography (pet-ct) used for cancer diagnosis, ct, and magnetic resonance imaging (mri) coils
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

India needs to double electronics manufacturing: Tata Electronics chairman

India has slowed down on the manufacturing front and needs to double down on electronics manufacturing services (ems)-designing, manufacturing, testing components and assemblies for original equipment manufacturers, tata electronics chairman banmali agrawa
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

AWS, Nilekani's EkStep collaborate for innovation in digital public infra

Amazon web services on tuesday said it has collaborated with nandan nilekani's ekstep foundation to set up a joint innovation centre (jic) to foster digital solutions for public service delivery. this joint effort will focus on enabling and accelerating th
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Maxivision Super Specialty Eye Hospitals eyes 100 facilities: Chairman

Maxivision super specialty eye hospitals has set up its fifth facility in tamil nadu, the 46th such facility in the country, set up under its expansion plan a top official said on tuesday. the eye care provider has targeted setting up 100 hospitals by 2025
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Tendulkar-backed RRP Electronics to invest Rs 5,000 cr in chip facility

Rrp electronics, a company backed by former cricketer sachin tendulkar, on tuesday announced an investment of rs 5,000 crore for a semiconductor facility in maharashtra. the investment will be done over the next five years, the company said in a statement
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

LIC world's strongest insurance brand: Brand Finance Insurance Report

According to the report, cathay life insurance is the second strongest brand, with a 9 per cent increase in brand value to .9 billion
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Veeda Clinical Research buys European CRO Heads for an undisclosed sum

Veeda expands its footprint across major regions and will gain expertise in late-stage oncology trials
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Operationally profitable for two quarters: Fashion platform Myntra

Brands on myntra have recorded strong year-on-year (yoy) growth, with the catalogue size on the platform also having grown by over 50 per cent in the last year
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

L&T board approves a proposal to raise funds worth Rs 7,500 crore

L&t added, these funds would be raised in the form of external commercial borrowings, term loans, non-convertible debentures, or any other instrument as may be appropriate
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Starburst Accelerator, IIT Madras join hands for €100 million startup hub

This partnership will enable export promotion and provide support for indian asd start-ups to explore international markets through the extensive network of starburst
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Squarefeet Group to invest Rs 300 cr on new housing project in Mumbai

Realty firm squarefeet group will invest around rs 300 crore to develop a housing project at thane in mumbai metropolitan region (mmr). the company plans to develop about 1,000 flats in this 3-acre project named 'yuva rajya' and is targeting a revenue of r
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

PE firm Olympus to sell 9.8% stake in India's Aster DM for up to 4.5 mn

Olympus capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share
Tag: Company India    Source: business-standard.com   Dated: 2024-03-26

Space World plans to connect data centres in 7 major cities in a year

India already has over 4 million km of fibre optic cables, primarily owned by telecom operators
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Google Play billing system comes under RBI scanner over alleged violations

The complaint pertains to the operation of several of google's aggregator platforms in india, which are registered in foreign countries, including singapore and the us
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Venture capital major Accel aims to invest in 25 Indian startups: Prashanth

May launch india-focused fund in a few years
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Royal Enfield maker Eicher Motors sets up Dutch unit for EU expansion plan

The business is growing quickly in the eu and the new warehouse will cut lead times to two weeks from 90 days currently, gopal added
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Mahindra Lifespace to invest Rs 6,000 crore in residential business by FY28

It is also setting sight on housing society redevelopments, and the acquisition of land parcels on an outright basis
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Jindal Stainless collaborates with IIT-Kharagpur for metallurgical projects

Jindal stainless ltd and iit kharagpur will jointly work on metallurgical projects like primary alloy production and materials characterisation. it is an industry-academia collaboration, under which the premier educational institution will offer technical
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Co-working spaces set to expand capacity in 12-24 months as demand rises

Wework plans to inaugurate its first building in chennai in early june. currently, the company is spread out across 54 locations with more than 90,000 desks across seven cities
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Amul launching four variants of milk in US market within a week: MD Mehta

For the first time, amul fresh milk will be available outside india, with the gujarat cooperative milk marketing federation (gcmmf) launching four variants of milk in the us market within a week, to cater to indian diaspora and asian population. "we have b
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Both Religare resolutions defeated by shareholders amid public spat

In a stock exchange filing, religare said both resolutions have 'failed to pass with requisite majority as per section 114(2) of the act'
Tag: Company India    Source: business-standard.com   Dated: 2024-03-25

Vedanta lines up billion across businesses to drive revenue growth

Mining conglomerate vedanta ltd will invest usd 6 billion across businesses that span from aluminium and zinc to iron ore, steel and oil and gas as it looks to add at least usd 2.5 billion to annual ebitda, its executives said in an investor meeting. it ha
Tag: Company India    Source: business-standard.com   Dated: 2024-03-24

German carmaker Volkswagen to tap demand for performance-oriented vehicles

Bullish on the growth of the sub-segment, he said it has been fuelled by how the customer preferences are evolving over a period of time
Tag: Company India    Source: business-standard.com   Dated: 2024-03-24

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