Page 2 - Indian Companies

Maruti, M&M join Hyundai in announcing price hikes as input costs rise

Up to 4% increase to be effective from Jan 1; higher input costs drive the move

We continue to grow ahead of the market, says Myntra CEO Nandita Sinha

Sinha said Myntra touched 70 million monthly active users during this festive season, and the Gen Z customer base doubled in one year

Flipkart-owned Myntra launches 30-minute order delivery with 'M-Now'

With the launch of M-Now, Myntra is among the first vertical players of scale globally to start delivering fashion at hyper speed

Antler India plans to invest Rs 211 crore in 50 start-ups in 2025

Venture Capital firm Antel India is planning to invest USD 25 million, or about Rs 211 crore, in 50 startups in 2025, the company said on Wednesday. The venture capital firm has invested in 30 startups in 2024 through its maiden USD 75 million fund. "Antler plans to ramp up investments further in the next year and make 50 investments in 2025. We plan to invest USD 25 million in the 50 companies," Antler India Partner Rajiv Srivatsa told PTI. The company's 2024 investments include a wholesale marketplace for fashion retail Bizup, aluminium-air fuel cell technology company Meine Electric, open mobility platform Namma Yatri, personal loan facilitator firm Keeper, which uses paid leaves as digital assets for salaried employees, AI-powered dashcam provider Cautio, etc. "Our investment pace reflects both the quality of the founders we're meeting and our conviction that the next wave of global technology companies will emerge from India. We have invested in 30 companies this year, many of

Swiggy Q2 results: Loss narrows to Rs 626 cr, revenue up 30% at Rs 3,601 cr

Swiggy's overall Gross Order Value (GOV) grew 30 per cent year-on-year to reach Rs 11,306 crore, reported the company for the quarter and half-year ended September 30, 2024

Hindustan Unilever's Vim brand set to cross Rs 3,000 crore mark soon

As Vim is the leader in the dishwashing space, the company has now entered the floor cleaning category with the same brand

PhonePe aims to replicate UPI success across expanding financial services

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

We open 65,000 savings accounts a day, says SBI Chairman CS Setty

He says SBI is comfortable with liquidity with overall credit deposit ratio at a modest 68 per cent and the aim is to maintain incremental CD ratio at 100 per cent

Nasscom unveils Developers Playbook for responsible AI in India

The initiative of the Nasscom Responsible AI Hub to come up with a playbook will establish a unified industry framework for AI risk identification and mitigation in India

Real estate major Godrej Properties seeks Rs 6,000 crore through QIP

The company aims to utilise the net proceeds of the issue for the acquisition of land and land development rights, as well as general corporate purposes

90% of Indian firms mandate office work, surpass global average: JLL report

Indian firms lead in-office work trends with 90% requiring more than three office days weekly; over 54% of Indian companies expect an increase in office attendance by 2030, compared to 43% globally

Land never an issue for GEG family biz split: Jamshyd Godrej, Nyrika Holkar

Jamshyd Godrej and Nyrika Holkar talked about the development of 1,000 acres of prime land in Mumbai, future investment plans, and the need for brand change

Amazon India's first-ever Black Friday event to go live on November 29

Amazon is also offering deals on products such as Sony PlayStation and Xiaomi Smart LED TV

CarDekho Group's net revenue increases 54% to Rs 2,074 crore in FY24

The Group delivered its first full-year standalone profitability, with a profit of approximately Rs 37 crore (before exceptional items), a turnaround from a loss of Rs 143 crore in FY23

Fitch revises outlook on Azure Power Energy to negative; affirms 'B' rating

AGPL is the holding company of Azure RG3

Pvt lender HDFC Bank launches rural and semi-urban focused savings account

The bank's network of over 4,600 branches in semi-urban and rural locations will serve as touchpoints to leverage this product, covering nearly two-thirds of India's population

Auto major Honda finally enters electric scooter market, banking on 'trust'

Unveils swappable battery-run 'Activa E' and fixed battery-run 'QC1'

Ola Electric rides into gig segment; set to launch sub-Rs 40K e-scooter

Ola Electric aims for wider adoption through collaboration with Ola Cabs

Meesho unveils multilingual Gen AI-powered voice bot for human-like support

Designed to autonomously handle a wide range of customer interactions, Meesho said the voice bot currently handles about 60,000 calls daily

Ola Electric may lay off 500 employees as part of restructuring exercise

The aim is to remove redundant roles, improve efficiency, increase margin and attain profitability, according to the sources