Page 2073 - Company News

ED to summon former Xiaomi India head in investigation: Report

The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers

MakeMyTrip-owned RedBus plans integrated end-to-end online travel solutions

With the launch of RedRail app, the leading bus platform aims to be IRCTC's biggest ticket booking partner in two years

HC agrees to hear Tata Power on electricity transfer to Haryana from Delhi

Justice Yashwant Varma permitted Tata Power Delhi Distribution Ltd, which distributes electricity in the northern area of the city, to intervene in the ongoing proceedings before it

redBus launches 'redRail', a standalone lite app for easy train bookings

"redRail is a rail ticket booking service launched by redBus, in collaboration with IRCTC (Indian Railway Catering and Tourism Corporation), as the authorised partner

Pinbox gets seed capital from ADB Ventures to expand micro pension coverage

Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to underserved informal sector workers, ADB Ventures said in a statement

Gautam Adani now world's 6th-richest; pips Google founders Page, Brin

Also, Adani is the biggest wealth-gainer this year with a jump of almost $41.6 billion

Indian Oil removes Russian Urals from latest tender, says report

The firm imports crude for itself and on behalf of its Chennai Petroleum subsidiary

Coal India's capital expenditure grows 12% to Rs 14,834 cr in FY'22

The capex boost of Coal India was to catalyse the output growth and align it with evacuation outlets.

Odisha govt signs agreement with BPCL to explore green energy possibilities

The Odisha government signed an agreement with Bharat Petroleum Corporation Ltd (BPCL) for exploring green energy possibilities in the state.

Some banks stop credit for oil imports by Rosneft-owned Nayara: Report

Nayara has not been sanctioned as part of the international response to Russia's invasion of Ukraine, but Russian energy giant Rosneft, which owns 49% of the Indian refiner, has been.

India hopes Hyderabad 'pharma city' will break China's grip on industry

India's ability to secure not just its own drug supply but that of Africa, the Americas and Europe is at stake

SC stays NCLAT order in DHFL case on Piramal's appeal

NCLAT in January this year had directed the lenders of Dewan Housing Finance Corporation to reconsider their decision regarding the valuation of the financial firm's avoidable transactions

Irina Ghose named Microsoft India COO as Rajiv Sodhi gets global role in US

A Microsoft veteran for over two decades and a diversity and inclusion champion, Ghose has held a variety of strategy and sales leadership roles, most recently leading cloud solutions in India

Byju's names Amazon veteran VP tech as it scales up learning products

In his new role, Vedhanarayanan Ganeshkumar will also build and lead a talented team of engineers, software development managers, product managers, program managers

India's 'Unicorn couple' eyes first start-up IPO within a year

OfBusiness, a supplier of raw materials from steel to chemicals to small businesses, could go for an initial public offering (IPO) in six months to a year

Combined m-cap of all listed Adani Group firms crosses Rs 16 trillion

Shares of Adani Group companies traded higher by up to 16 per cent on the BSE on Monday, extending their last week's rally

SoftBank-backed Meesho lays off 150 employees from grocery vertical

Last week, firm said it was integrating grocery biz within the core app to offer users unified shopping while driving stronger synergies across customer acquisition, technology, product and talent

SMEs' mop up from public share sales jumps 4x to Rs 965 cr in FY22

The amount is still far lower than the record Rs 2,213 crore mopped up in FY18 and Rs 1,620 crore collected in FY19

Electric three-wheeler market: Can Bajaj Auto storm in and become king?

The company is set to launch its range of electric auto rickshaws in June and hopes to replicate its success in ICE three-wheelers

Nashik: 20 electric scooters of Jitendra EV loaded in container catch fire

'An unfortunate incident took place on 9th April near our factory gate in a scooter. The situation was immediately brought under control by timely intervention from our team,' says the company