Page 6 - Companies News

Indian Hotels well poised to achieve vision of 300 hotels by 2025

According to IHCL, with eight new hotel signings, the iconic brand Taj is slated to reach the 100-hotel milestone from 98 hotels currently

Next Orbit to sell its entire stake in ISMC to Delhi-based B C Jindal group

Sources say the sale is subject to the project getting clearance from the government

Indian pharma market back to pre-Covid level in FY23, says report

After a Covid-hit FY21 (when the IPM grew by only 2.2 per cent), the market posted a growth of 14.7 per cent in FY22, on a low base

Thomas Cook, SOTC sign MoU with Mandai Wildlife to focus on Indian diaspora

India's rapid growth market is slated fuel the short haul destinations

Apple triples India iPhone output to $7 bn in FY23 in China shift

Apple will likely try to manufacture the next iPhones in India at the same time as in China, sometime in the fall of 2023

Coal India needs to raise prices, but caught between political constraints

The state-owned miner needs to raise prices but it is caught between the political constraints on its major buyer, electricity producers and close decision-making control by the coal and power

SBI Foundation hands out Rs 30 lakh grant in Shark Tank-like pitch fest

Fund given to eight fellows working on projects around health, governance, inclusion, farming

Akasa Air had worst load factor in March 2023, SpiceJet topped the charts

The two carriers' load factors are in direct contrast to their on-time performance. Akasa Air was at the top, SpiceJet was at the bottom in March OTP chart, shows data from aviation Ministry

Govt kickstarts IREDA 's IPO process, scouts for merchant bankers

The government will appoint up to three merchant bankers and the last date to submit bids is April 28

JSW One raises Rs 205 cr from Japan's Mistui at Rs 2,750 cr valuation

B2B e-commerce firm of JSW Group will use the financing to expansion business

JSW One Platforms raises Rs 205 cr in funding from Japan's Mitsui

E-commerce venture of US Group will use the financing to expand business and improve technology

India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer

The total shipments for e-commerce logistics grew to 4 billion in FY23

Reliance, Jindal Power among 49 companies to submit EoIs for Future Retail

According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit resolution plan(s) for any/all such Clusters under Option II

RINL aims to make 55,000 wheels in FY24 to meet Railways' demand: CMD Bhatt

State-owned steel maker RINL is aiming to produce 55,000 wheels in FY24 to meet the demand from Indian Railways, its CMD Atul Bhatt said

MG Motor ties up with gamer to design Comet EV for tech-savvy GenZ group

The EV is set to be unveiled in India on April 19; likely priceL Rs 10-15 lakh, ex-showroom

Torrent Power makes lowest bid for power supply contract, says report

"The government is likely to award contracts for 1,100-megawatts to Torrent Power," the report said

Registrar of Companies to crack down on law violators with new reforms

Registrar of Companies expect to conduct a more detailed analysis of transactions involving companies that draw attention due to certain regulatory concerns

US-based firm Pear Therapeutics files for bankruptcy, lays off workers

US-based firm Pear Therapeutics has filed for Chapter 11 bankruptcy as it struggled to get insurers to pay for its technology and laid off 92 per cent of its workforce

US tech firm Eventbrite to hire 120 for its development centre in India

Eventbrite will host a virtual career fair on April 14, hiring for roles across engineering, data, product management, product design and program management

Google to HP: Apple's Mumbai store zone to be a no-go area for 22 brands

Apple has placed a similar clause in its lease for 116,000 sq ft space in Bengaluru