Page 11 - Companies News

Amazon's $1.7 billion iRobot purchase faces UK antitrust scrutiny

British antitrust regulators have started investigating Amazon's purchase of robot vacuum maker iRobot, adding further scrutiny to the $1.7 billion deal

TVS SCS wins UK defence ministry contract for supplying Land Rover spares

Indian company will support the availability and upkeep of the military vehicle

Vibrant Energy gets over Rs 2,200 cr for its 300MWac wind-solar projects

Srinivasan Viswanathan, CEO of Vibrant Energy, said that the company is hopeful of enabling more green energy solutions for corporate India

Adani Group aims to boost earnings by 50%, cut debt in next 2 fiscals

The move to accelerate earnings growth is being pegged as a significant move amid the aftermath of the short-seller report by Hindenburg Research

Anil Agarwal's $19-bn chipmaking plant dream at risk as hurdles mount

Winning government funding is key to fulfilling Agarwal's chip dream, given his broader empire is facing intensifying financial strain

Agri-commerce startup WayCool looking to become Rs 6,000-cr entity by FY25

Jayaraman, the cofounder and managing director, expects this to scale to 35-40 per cent by FY25, when the company targets to log in Rs 6,000 crore turnover

Delivery firm Dunzo secures $75 mn funding, lays off 30% of staff: Report

According to the report, under the new business model, Dunzo will cut about 50% of its dark stores and run only those that can be profitable or are nearing that threshold

Seshagiri Rao retires, steps down from JSW Steel board after 24 years

Rao superannuated from the services of the company and consequently stepped down from the board, the company said

Beauty e-retailer Nykaa sees healthy revenue growth trend for FY23

Growth from tier 1 consumer have demonstrated sustained consumption

ESAF SFB to refile IPO prospectus with Sebi; eyes listing in H2 of FY24

Pegs capital need at Rs 1,000 cr for three years

Hindalco: Adjusting to the new environment; metal volumes may stagnate

Capex cut, focus on profitability, healthy balance sheet should help overcome medium-term hurdles

Infosys collaborates with LexisNexis to provide end-to-end IT services

As part of the collaboration, Infosys will also offer strategic consultancy for LexisNexis' downstream, discretionary and strategic spending

Yes Bank records credit growth of 11% Rs 2.01 trn in March quarter

The lender registered a 12.9 per cent growth in deposits excluding Certificate of Deposits (CDs)

Embattled Adani Group trumpets stable ties with international lenders

Several of the banks already have business relationships with the group, ties which the conglomerate has previously pointed to as a sign of its strength to counter Hindenburg's allegations

Hero MotoCorp offers VRS for its staff, targets leaner organisation

It has launched a voluntary retirement scheme (VRS) for its staff as it aims to make the organisation 'agile and future-ready'

Adani Ports closes FY23 with 9% higher cargo at 339 million metric tonnes

Container rakes handled by the logistics arm of the company crossed 500,000 TEUs in the previous fiscal, showing a growth of 24 per cent

Blue Star aims to corner 15% share in residential AC market by FY25

The company is witnessing a pick up in the markets of West and South regions and expects a 20 to 25 per cent volume growth this season

MCL beats Chhattisgarh-based SECL in coal production for second year new

The SECL was holding the top position till FY21. Its output, however, dropped to 142.5 mt in FY22, only to be overtaken by MCL with coal production of 168.2 mt

Reliance Retail launches Tira to take on Nykaa, Tata Cliq in beauty space

Tata Group also recently entered the beauty space and launched its app and website - Tata Cliq Palette

EV maker e-Sprinto to roll out 4 new high-speed scooters this year

The startup currently has a streamlined product portfolio in the low-speed category, consisting of e-Sprinto and e-Sprinto BB models of electric scooter