Companies Business News from the Industry

GoAir embarks on aggressive expansion

Low-cost airline GoAir has put a new management team in place as it embarks on an aggressive expansion plan to capture the space vacated with the grounding of Jet Airways.

Reliance Jio pips Bharti Airtel to become second largest mobile operator

Reliance Jio, the newest entrant in the telecom sector, has pipped Bharti Airtel to become the second-largest mobile operator with 32.29 crore subscribers in May, according to data released by the Telecom Regulatory Authority of India (TRAI) on Friday.

JSW Steel invests 1,000 crore to step up capacity

JSW Steel, the flagship business of 14 billion dollar JSW Group, on Friday began the roll-out of JSW Platina tinplate targeted at packaging industry.

Paytm and Flipkart CxOs to lead BharatPe’s product team

BharatPe, India’s leading Fin-Tech Company and the fastest to grow to USD 650 million TPV (with 300 days of operations), today announced the appointment of two senior hires in its product team.

IBM closes landmark acquisition of Red Hat for $34 Billion

Acquisition positions IBM as the leading hybrid cloud provider and accelerates IBM’s high-value business model, extending Red Hat’s open source innovation to a broader range of clients.

Cognizant names Sandra Wijnberg to Board of Directors

Cognizant today announced that Sandra Wijnberg has been appointed to its Board as a new independent director, effective July 16, 2019. Please find attached the press release and a photograph of Sandra Wijnberg.

L&T’s A M Naik named as non-executive chairman at Mindtree

Group Chairman of Larsen & Toubro A M Naik on Thursday took over as Non-Executive Chairman at Mindtree, just a few weeks after the engineering conglomerate acquired the Bengaluru-based IT company in a hostile takeover.

Reliance Brands becomes sole owner of Hamleys Global for £67.96 million

Reliance Brands said on Thursday it has completed the acquisition of 100 per cent stake of Hamleys Global Holdings Ltd (HGHL), the British toy retailer, for 67.96 million pounds (about Rs 580 crore).

After anonymous complaint at SEBI, CARE ratings sends CEO on leave

CARE Ratings has sent its Chief Executive Officer and Managing Director Rajesh Mokashi on leave till further notice after an anonymous complaint was filed against him at the Securities and Exchange Board of India (SEBI).

AMG Corporation-Premier-Plus-Companies-Business-DKODING
AMG Corporation revamps identity of its flagship brand

After a decade of operations, AMG Corporation has revamped the logo of its flagship brand Premier Plus to consolidate and grow its position in the automotive aftermarket industry.

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