Page 1028 - Company News
Adani Green completes joint venture agreement with TotalEnergies Renewables
TotalEnergies has also infused Rs 4,013 crore in Adani Green Energy Twenty-Three Limited
 "Adani Green completes joint venture agreement with TotalEnergies Renewables")
Apple to fight watch ban in court after White House declines to act
Apple had already stopped selling its Series 9 and Ultra 2 watches in its online store and US retail outlets
 "Apple to fight watch ban in court after White House declines to act")
Chinese carmaker BYD overtakes Tesla as world's most popular EV maker
Analysts expect BYD to launch its third-generation EVs next year offering more technology, such as automated-driving capabilities
 "Chinese carmaker BYD overtakes Tesla as world's most popular EV maker")
Israel to give Intel $3.2 bn grant for new $25 bn chip plant in south
This is the largest investment ever by a company in Israel. The news comes as Israel remains locked in a war with Palestinian militant group Hamas in the wake of the Oct. 7 Hamas attack on Israel
 "Israel to give Intel $3.2 bn grant for new $25 bn chip plant in south")
Apple files appeal after Biden admin allows tribunal's ban on watch imports
The U.S. International Trade Commission's (ITC) order will go into effect on Dec. 26, barring imports and sales of Apple Watches that use patent-infringing technology for reading blood-oxygen levels
 "Apple files appeal after Biden admin allows tribunal's ban on watch imports")
US-based Code.org sues Byju's-owned WhiteHat Jr over payment dues
In May 2021, Code.org announced the signing of a licensing agreement with WhiteHat Jr, which at that time was providing tutoring services to over 175,000 students worldwide
 "US-based Code.org sues Byju's-owned WhiteHat Jr over payment dues")
Ola to use Rs 1,226 cr of IPO proceeds on boosting cell manufacturing unit
Ola Electric Mobility which had on August 15, 2023 announced a line-up of electric motorcycles expects to begin delivery of the motorcycles in the first half of fiscal 2026
 "Ola to use Rs 1,226 cr of IPO proceeds on boosting cell manufacturing unit")
Godrej Properties sells more than 600 flats for Rs 2,600 cr in Gurugram
During April-September 2023-24, Godrej Properties achieved 48 per cent growth in its sales booking to Rs 7,288 crore as against Rs 4,929 crore in the year-ago period
 "Godrej Properties sells more than 600 flats for Rs 2,600 cr in Gurugram")
Adani family to invest Rs 9,350 cr in green unit via issuance of warrants
The quantum of warrants constitutes up to 3.833 per cent of the share capital of the company. As of the September 23 ended quarter, promoters and promoter groups held a 56.26% stake in the company
EV financing startup RevFin raises Rs 115 cr in Series B funding round
The latest capital infusion represents Revfin's second significant investment in the last 12 months, the company said
 "EV financing startup RevFin raises Rs 115 cr in Series B funding round")
Bharat Forge riding high on its domestic business, stock price up 39.3%
The rally has been driven by investors' expectations of continued growth in Bharat Forge's bread-and-butter business of automotive forgings and a faster ramp-up of volumes in its newer segments
 "Bharat Forge riding high on its domestic business, stock price up 39.3%")
Axis Bank files corporate insolvency plea against Zee Learn with NCLT
Zee Learn said that the firm is compiling information to verify the facts claimed in the said petition
 "Axis Bank files corporate insolvency plea against Zee Learn with NCLT")
LIC board clears proposal to setup branch office in Gujarat's GIFT City
LIC's presence in the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC) will enable the company to expand its global business
 "LIC board clears proposal to setup branch office in Gujarat's GIFT City")
Aditya Birla Capital infuses Rs 900 cr in 2 wholly-owned subsidiaries
Aditya Birla Capital Ltd on Tuesday said it has infused Rs 849.99 crore and Rs 50 crore in two wholly-owned subsidiaries -- Aditya Birla Finance and Aditya Birla Capital Digital Ltd, respectively
 "Aditya Birla Capital infuses Rs 900 cr in 2 wholly-owned subsidiaries")
State-owned SJVN to develop 100 MW solar project worth Rs 550 crore
This ground mounted solar project shall be developed by the SJVN through its wholly-owned subsidiary, SJVN Green Energy Ltd (SGEL), at a tentative cost of Rs 550 crore
 "State-owned SJVN to develop 100 MW solar project worth Rs 550 crore")
Airtel to seek reversal of Rs 24.9 lakh penalty order received under CGST
The violation pertains to alleged irregular input tax credit claim from 2017-18 to 2021-22 and other related matters, Airtel said in a BSE filing
 "Airtel to seek reversal of Rs 24.9 lakh penalty order received under CGST")
Resolution professional seeks EOI for Future Enterprises, sets deadline
The Kishore Biyani-promoted company has two garment manufacturing units located at Tarapur-Palghar in Maharashtra and Mahadevapura-Bengaluru in Karnataka
 "Resolution professional seeks EOI for Future Enterprises, sets deadline")
State-owned NBCC sells 5,000 flats of Amrapali Group for Rs 2,900 crore
As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC (India) Ltd
 "State-owned NBCC sells 5,000 flats of Amrapali Group for Rs 2,900 crore")
60% of businesses in India embrace responsible AI practices: Nasscom
Responsible AI refers to the deployment and use of artificial intelligence technology in an ethical and safe manner
 "60% of businesses in India embrace responsible AI practices: Nasscom")
Future Generali life insurance aims to grow upto 18% CAGR by FY26: Rungta
The New Business Premium (NBP) of the company declined by 35.48 per cent in April-November 2023 to Rs 257.75 crore from Rs 399.51 crore in the year ago period
 "Future Generali life insurance aims to grow upto 18% CAGR by FY26: Rungta")