Solid performance in an uncertain environment Bengaluru, Karnataka, India – Business Wire India Q1 2022 HIGHLIGHTS • Strong growth in orders (26%) and revenue (21%) • Emerging sectors & core sector recovery create momentum • Capacity utilization & operation efficiencies yield traction in profit • Published the first Business Responsibility and Sustainability Report (BRSR) 2021 [...]
New Delhi, May 5 (PTI) Adani Power's consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period, mainly on the back of higher revenues. Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 [...]
New Delhi, May 5 (PTI) Consumer debt relief platform FREED has raised USD 2.8 million in a funding round led by Inflection Point Ventures. The round saw participation from Multiply Ventures, Chandigarh Angels Network, Lead Angels, Hyderabad Angels, The Chennai Angels, and a clutch of high networth individuals, according to a statement. The funds will [...]
Homegrown auto major Tata Motors on Thursday unveiled the electric version of its popular mini truck, Ace, as it continues the drive for electrification of its portfolio. The company has also signed pacts with leading e-commerce players such as Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing and Yelo EV, to supply the Ace EV [...]
New Delhi, May 5 (PTI) Auto components major Sona Comstar on Thursday said it has partnered with US-based start-up C-Motive Technologies to develop electrostatic drive motors for electric vehicle applications. The serial production of the electrostatic drive motors is expected to start in 2026, the company said in a statement. Under the partnership, Sona Comstar [...]
New Delhi, May 4 (PTI) Investment firm Copthall Mauritius Investment Ltd has sold 37 lakh shares of Indiabulls Real Estate Ltd for Rs 31.08 crore through an open market transaction. According to the bulk deal data available with BSE, BofA Securities Europe SA bought 37 lakh shares of the company at an average price of [...]
Future Retail Managing Director Rakesh Biyani has stepped down while officials, including the company secretary of the debt-ridden firm, have tendered resignations. The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal. There is an exodus of people from the board and at other levels in [...]
Global engineering and product development digital services firm Tata Technologies along with global industry partners and Lamrin Tech Skills University will set up a common facility in the electric vehicle domain, said a government statement on Wednesday. It will cater to developing skills needed in the field of electric vehicle segment. A delegation of Tata [...]
New Delhi, May 4 (PTI) Internet major Google has appointed former joint secretary at Niti Aayog Archana Gulati as head of public policy in India. A Google spokesperson confirmed the appointment. Messages sent to Gulati elicited no immediate reply. Gulati was looking after digital communications policy matters at the government think tank and took voluntary [...]
New Delhi, May 4 (PTI) IT company Cigniti Technologies on Wednesday reported an 8.3 per cent decline in consolidated profit after tax to Rs 22.6 crore in the quarter ended on March 31, 2022, compared to Rs 24.67 crore in the same period a year ago. Cigniti board approved the acquisition of modern technology IT [...]
