Page 1041 - Company News
Britain's antitrust regulator wins appeal to probe Apple's mobile browser
The Competition and Markets Authority (CMA) opened a full investigation last year into the dominance of Apple and Alphabet Inc's Google in mobile browsers
 "Britain's antitrust regulator wins appeal to probe Apple's mobile browser")
NCLT has power to decide IBC disputes, not HC: Go First RP to Delhi HC
Kaul also questioned which resolution applicant would be interested in the Corporate Debtor if it's not revived?
 "NCLT has power to decide IBC disputes, not HC: Go First RP to Delhi HC")
Jewellery brand Tanishq expands footprint in US, opens two stores in Texas
The US state of Texas, with the second largest Indian Diaspora, is now home to two of Tanishq's stores, one in Houston and the other in Frisco, near Dallas
 "Jewellery brand Tanishq expands footprint in US, opens two stores in Texas")
UltraTech Cement to buy Kesoram's cement business in $645 million deal
As a part of the deal, UltraTech will issue one share for every 52 shares of Kesoram and give UltraTech ownership of two integrated cement units in states of Karnataka and Telangana
 "UltraTech Cement to buy Kesoram's cement business in $645 million deal")
Sequoia-backed mobile wallet Mobikwik selects banks for $84 million IPO
The Gurugram-based fintech firm is working with DAM Capital Advisors Ltd and SBI Capital Markets Ltd for preparations for its listing
 "Sequoia-backed mobile wallet Mobikwik selects banks for $84 million IPO")
Strike cuts Ford sales by 100,000 vehicles, cost $1.7 billion in profits
Additional labour costs from the four-year and eight-month agreement will total $8.8 billion by the end of the contract, translating to about $900 per vehicle by 2028, the company said
 "Strike cuts Ford sales by 100,000 vehicles, cost $1.7 billion in profits")
Money 'extorted' from Dalmia was embezzled from Ansals, Delhi court told
The case stems from an FIR filed by Lucknow Police alleging that Rai projected himself as close to senior politicians and bureaucrats, and duped the general public of big sums of money
 "Money 'extorted' from Dalmia was embezzled from Ansals, Delhi court told")
Tyre manufacture Ceat gets Rs 1.98 crore GST notice, company to file appeal
The demand pertains to the disallowance of transitional credit and Trans2 credit under the applicable provisions of the CGST Act, 2017, the company said in a regulatory filing
 "Tyre manufacture Ceat gets Rs 1.98 crore GST notice, company to file appeal")
Thailand-based MQDC plans to develop luxury housing projects in Delhi-NCR
MQDC India, Indian arm of Thailand-based Magnolia Quality Development Corporation (MQDC), has one operational co-working facility in South Delhi
 "Thailand-based MQDC plans to develop luxury housing projects in Delhi-NCR")
Aurobindo Pharma unit gets USFDA nod to market generic asthma medication
Aurobindo Pharma on Thursday said its subsidiary has received approval from the US health regulator to market a generic medication to treat asthma in children.
 "Aurobindo Pharma unit gets USFDA nod to market generic asthma medication")
State-owned REC approves hike in borrowing to Rs 1.5 trillion for FY24
State-owned REC Ltd on Thursday said its board has approved a proposal to increase borrowing to Rs 1.5 lakh crore from Rs 1.2 lakh crore for 2023-24.
 "State-owned REC approves hike in borrowing to Rs 1.5 trillion for FY24")
UltraTech acquires grinding assets of Burnpur Cement for Rs 169.79 cr
The company has acquired 0.54 mtpa cement grinding assets of Burnpur Cement Ltd, located at Patratu in Jharkhand, UltraTech Cement said in a regulatory filing
 "UltraTech acquires grinding assets of Burnpur Cement for Rs 169.79 cr")
Nestle says India, China are 'big focus' for growth of coffee market
"China is really a big focus, and India is a big focus," Navratil said
 "Nestle says India, China are 'big focus' for growth of coffee market")
Zero impact of unseasonal rains on business, says Sula Vineyards CEO
"We always target a slightly higher grape tonnage than we need to fulfill our sales projections. The result is that if and when such unseasonal rains occur, Sula will always get the grapes it needs"
 "Zero impact of unseasonal rains on business, says Sula Vineyards CEO")
Govt invites fresh bids from asset valuers of sale-bound IDBI Bank
The DIPAM had last week cancelled the bid process for the appointment of an asset valuer for IDBI Bank on low bidder interest
 "Govt invites fresh bids from asset valuers of sale-bound IDBI Bank")
Bharti Telecom plans its biggest-ever rupee bonds worth Rs 8,000 cr
The issuance is also Bharti's first in the onshore market in almost a year. It raised Rs 3,200 crore through three-year notes in December last year
 "Bharti Telecom plans its biggest-ever rupee bonds worth Rs 8,000 cr")
OpenAI unlikely to offer board seat to Microsoft, other investors: Report
Microsoft, which has invested more than $10 billion in OpenAI, is one of the biggest backers of OpenAI that operates ChatGPT, its viral generative AI chatbot
 "OpenAI unlikely to offer board seat to Microsoft, other investors: Report")
Tata Advanced Systems partners Satellogic to develop local space tech
For Satellogic it is a significant milestone as it enters the fast-growing Indian defence and commercial market
 "Tata Advanced Systems partners Satellogic to develop local space tech")
Competition Commission clears Emirates Telecom Group-Vodafone deal
Deals beyond a certain threshold need approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace
 "Competition Commission clears Emirates Telecom Group-Vodafone deal")
Indian IT industry to be worth $350 bn by 2030: Kris Gopalakrishnan
'High-growth industry' will continue performance despite global slowdown, says co-founder of Infosys
 "Indian IT industry to be worth $350 bn by 2030: Kris Gopalakrishnan")