Page 1045 - Company News
Adani Group stocks rally up to 20%, add Rs 1 trn in market capitalisation
See biggest single-day jump since April, after SC hearing in the Hindenburg matter
 "Adani Group stocks rally up to 20%, add Rs 1 trn in market capitalisation")
Aster DM Healthcare sells stake in Gulf business for $1.01 billion
Aster to separate its India and GCC businesses to unlock value
 "Aster DM Healthcare sells stake in Gulf business for $1.01 billion")
Bharat Biotech, University of Sydney ink MoU for vaccine research
The international agreement aims to foster strong collaborations between sectors and organisations to develop innovative methods for tackling future epidemics and infectious diseases
 "Bharat Biotech, University of Sydney ink MoU for vaccine research")
No material catalysts visible for re-rating of Bosch stock: Motilal Oswal
One way that the company can improve margins is by increasing the localisation content
 "No material catalysts visible for re-rating of Bosch stock: Motilal Oswal")
Zee5 Global aims to double US subscriber base to 2 million in one year
The platform has witnessed a growing appetite for Indian films like 'The Kashmir Files' by the more discerning diasporic audience, its Chief Business Officer Archana Anand said
 "Zee5 Global aims to double US subscriber base to 2 million in one year")
Siemens net profit down 12.4% to Rs 571 crore in September quarter
"The expansion in capacities of both these products will enable the company to meet the growing demand both in India and globally," the company said
 "Siemens net profit down 12.4% to Rs 571 crore in September quarter")
PCBL plans to acquire 100% in Aquapharm Chemicals for Rs 3,800 cr
This acquisition marks PCBL's foray into global speciality segments of water treatment chemicals and oil & gas chemicals, the company said
 "PCBL plans to acquire 100% in Aquapharm Chemicals for Rs 3,800 cr")
Canara Bank plans to transfer credit card portfolio to its subsidiary
At the end of October, Canara Bank's credit card in force was 820,672. CCSL reported a net profit of Rs 7.86 crore during the second quarter of the current financial year
 "Canara Bank plans to transfer credit card portfolio to its subsidiary")
China's Alipay plans to sell 3.4% stake worth near $400 mn in Zomato
Bank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the three sources, who declined to be named as the plan is private
 "China's Alipay plans to sell 3.4% stake worth near $400 mn in Zomato")
Tata Power to invest Rs 60k cr till FY27, bulk of it in renewable capacity
It is investing up to Rs 15,000 crore in FY24, and will take it to up to Rs 20,000 crore in FY25, Rs 22,000 crore in FY26 and Rs 23,000 crore in FY27, to take the overall capex to Rs 60,000 crore
 "Tata Power to invest Rs 60k cr till FY27, bulk of it in renewable capacity")
In a first, Tata Power Renewable Energy secures 200 MW FDRE project
Tata Power Renewable Energy Ltd (TPREL) has bagged a 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd
 "In a first, Tata Power Renewable Energy secures 200 MW FDRE project")
Garuda Aerospace secures 2nd type certificate for medium category drones
The certificate for the medium category drones marks a pivotal step in propelling Garuda Aerospace to new heights of growth and scalability
 "Garuda Aerospace secures 2nd type certificate for medium category drones")
Realty major Tribeca Developers appoints Rajat Khandelwal as its CEO
RajaT Khandelwal has 19 years of experience in the industry. He has served as the President of Central Park in Delhi-NCR, as the CEO of West India of Ozone Group, and as the COO of Omkar Developers
 "Realty major Tribeca Developers appoints Rajat Khandelwal as its CEO")
Outperformance prompts funds to explore defence exemption for L&T
The report further added that the management continues its proactive discussions with ESG agencies on the defence exposure
 "Outperformance prompts funds to explore defence exemption for L&T")
Jio provides voice, data services at Silkyara tunnel within 12 hrs
The remote part of Uttarakhand had weak signals and authorities, working to rescue the workers trapped in the under-construction tunnel, had asked the telecom operator to boost the network
 "Jio provides voice, data services at Silkyara tunnel within 12 hrs")
SpiceJet promoter Ajay Singh looking to raise $100 mn through credit funds
Ajay Singh is reportedly in discussions with global private credit funds to refinance part of promoter debt and equity infusion
Philips Carbon Black to acquire Aquapharm Chemicals for Rs 3,800 crore
The acquisition of Aquapharm Chemicals Private Limited marks the company's foray into global specialty segments of water treatment chemicals and oil & gas chemicals
 "Philips Carbon Black to acquire Aquapharm Chemicals for Rs 3,800 crore")
Bengaluru gets AMD's new global design centre, to accommodate 3K engineers
India's semiconductor market is expected to touch $64 billion by 2026, almost three times its size of $22.7 billion in 2019, according to Counterpoint Research and IESA
 "Bengaluru gets AMD's new global design centre, to accommodate 3K engineers")
Jubilant Foodworks plans to acquire additional 51.16% stake in DP Eurasia
Jubilant Foodworks Netherlands B.V (JFN), the company's wholly-owned arm holds 48.84 per cent ordinary shares of DP Eurasia -- which is the largest pizza delivery company in Turkey
 "Jubilant Foodworks plans to acquire additional 51.16% stake in DP Eurasia")
Adani Total Gas launches green hydrogen blending pilot project in Ahmedabad
The project is expected to be commissioned by FY24-25, and the percentage of green hydrogen will be gradually increased in the blend to up to 8 per cent or more