Page 1030 - Company News
For GMR group, in its demerged avtaar, airports division is a bigger star
The group's non-airport entity is still work in progress in terms of stronger liquidity and asset exits
 "For GMR group, in its demerged avtaar, airports division is a bigger star")
Pent-up demand fuels Blue Star's air conditioners sales growth by 30%
Robust demand from Tier-III and Tier-V towns spurs growth
 "Pent-up demand fuels Blue Star's air conditioners sales growth by 30%")
CCI invites comments on proposed regulations on turnover of enterprises
The measure is aimed at framing norms for the purpose of imposition of penalties on enterprises and persons based on turnover or income of such enterprises and persons
 "CCI invites comments on proposed regulations on turnover of enterprises")
Nearly 75,000 sellers on Meesho record double digit growth in sales
Meesho is the first unicorn e-commerce firm to have reported profit this year and it claims to have maintained the profitability since it first reported the performance in July
 "Nearly 75,000 sellers on Meesho record double digit growth in sales")
Kotak Mahindra Bank shareholders approve Vaswani's appointment as MD & CEO
Reserve Bank of India cleared Vaswani's appointment as MD & CEO of the bank for a period of three years with the effect from the date of taking charge, which should not be later than 1 January 2024
 "Kotak Mahindra Bank shareholders approve Vaswani's appointment as MD & CEO")
2023, India's year in biz: Apple debut, Adani's resilience, X's evolution
India got its first Apple store, Adani weathered the Hindenburg storm, and Twitter became X in the year that will still be remembered for AI
 "2023, India's year in biz: Apple debut, Adani's resilience, X's evolution")
Consortium led by Adani Power gets letter of intent to buy Coastal Energen
In a regulatory filing on Sunday, Adani Power Ltd said LoI from resolution professional was received Saturday after CEPL's committee of creditors approved resolution plan submitted by consortium
 "Consortium led by Adani Power gets letter of intent to buy Coastal Energen")
ONGC Videsh to raise upto Rs 5,000 cr via debentures to fund capex, assets
The operational linkages are driven by companies operating in the same segment, with OVL being essential to ONGC for providing ownership in international oil and gas-producing assets
 "ONGC Videsh to raise upto Rs 5,000 cr via debentures to fund capex, assets")
Aurobindo Pharma's new injectable facility get 10 observations from US FDA
"The observations are procedural and will be responded to within the stipulated time," the company stated in a regulatory filing
 "Aurobindo Pharma's new injectable facility get 10 observations from US FDA")
Green shoots visible in corporate lending: Kotak Mahindra Bank director
The government focus on infrastructure development in the last three years has created space for capital expenditure by the private sector as well
 "Green shoots visible in corporate lending: Kotak Mahindra Bank director")
Adani Wilmar promoters to divest stake by 1.24% for Sebi compliance
Adani Commodities and Lence Pte, the promoters of the company, will be divesting part of their shareholding, Adani Wilmar said in an exchange filing
 "Adani Wilmar promoters to divest stake by 1.24% for Sebi compliance")
Infosys loses mega contract as global client terminates $1.5 billion deal
In a BSE filing on Saturday, Infosys said the global company has now elected to terminate the Memorandum of Understanding (MoU) and the parties will not be pursuing the master agreement."
 "Infosys loses mega contract as global client terminates $1.5 billion deal")
HOP Electric eyes 3-fold jump in sales in 2024, to launch mass-mkt e-bike
The company, which has two electric scooters and an electric bike in its portfolio, is also looking to raise around $25 million next year to fund production capacity expansio
 "HOP Electric eyes 3-fold jump in sales in 2024, to launch mass-mkt e-bike")
IT major Infosys loses $1.5 billion contract from global customer
The company did not give the reason for the cancellation of the deal
 "IT major Infosys loses $1.5 billion contract from global customer")
CCI clears Alpha Alternatives Group stake purchase in Dilip Buildcon
Meanwhile, in another deal, the anti-trust regulator also gave its nod to purchase M&G Plc's 11 per cent stake in Trustroot Internet Pvt Ltd
 "CCI clears Alpha Alternatives Group stake purchase in Dilip Buildcon")
Air India's first wide-body A350-900 aircraft lands in national capital
The aircraft is the first of Air India's 20 Airbus A350-900 on order, with five more scheduled for delivery through March 2024, the airline said
 "Air India's first wide-body A350-900 aircraft lands in national capital")
JSPL, RINL to jointly secure supply of liquid steel to upcoming Angul plant
On Friday, RINL said JSPL will provide working capital support or raw material supply of Rs 800-900 crore under a pact signed between the companies
 "JSPL, RINL to jointly secure supply of liquid steel to upcoming Angul plant")
Volkswagen India extends service support to flood-hit customers in TN
In collaboration with insurance companies, Volkswagen India said it was also ensuring swift settlement of claims, facilitating a streamlined process for affected customers
 "Volkswagen India extends service support to flood-hit customers in TN")
Tesla to recall over 120,000 vehicles in US: Road safety regulator
The Elon Musk-led automaker has released an over-the-air (OTA) software update to address the issue, the National Highway Traffic Safety Administration (NHTSA) said
 "Tesla to recall over 120,000 vehicles in US: Road safety regulator")
Tesla buys land for Shanghai battery factory, to make 10K units anually
The Shanghai location is Tesla's second dedicated Megapack factory, following the Lathrop plant in California. Its EV facility in Nevada can also make the Megapack