Page 1076 - Company News
RMZ Corp aims to add $25 billion of assets by 2029 as it expands portfolio
RMZ has been operating in the office space for nearly two decades, along with involvement in retail and residential segments
 "RMZ Corp aims to add $25 billion of assets by 2029 as it expands portfolio")
XpressBees joins ONDC networks, expands services to 20,000 pin codes
XpressBees' technology-driven approach allows seamless integration with online marketplaces and retailers. This enhances the end-to-end customer experience
 "XpressBees joins ONDC networks, expands services to 20,000 pin codes")
Amazon set to win EU's nod for its $1.4 billion iRobot acquisition: Report
The European Commission, which acts as the EU's competition watchdog, warned Amazon in July that the deal could reduce competition in robot vacuum cleaners
 "Amazon set to win EU's nod for its $1.4 billion iRobot acquisition: Report")
Lupin announces launch of world's first FDC drug for chronic lung disease
Lupin Vilfuro-G is the only FDC that uniquely combines Vilanterol, Fluticasone Furoate, and Glycopyrronium Bromide for the long-term management and treatment of moderate to severe COPD
 "Lupin announces launch of world's first FDC drug for chronic lung disease")
Govt, Amazon partner to leverage 'districts as export hubs' initiative
The capacity building session will allow MSMEs to learn about imaging, digital cataloguing of their products, tax advisory amongst others
Govt plans to ask ONGC to consider $1.9 billion rights issue to fund HPCL
The comments come after India's finance minister announced a plan this year to provide equity of 300 billion rupees ($3.6 billion) to help the big state oil refiners move towards cleaner energy
 "Govt plans to ask ONGC to consider $1.9 billion rights issue to fund HPCL")
Air compressor maker Elgi Equipments seeks $450 mn revenue by FY26
US market holding well because of the country's investments in infrastructure, says senior executive
 "Air compressor maker Elgi Equipments seeks $450 mn revenue by FY26")
Amazon's 'AI Ready' initiative to train 2 million in AI skills by 2025
An AWS study found that 73% employers prioritise applicants with AI skills and these candidates can earn up to 47% more in salaries
Nike, Mitsubishi struggle to get Indian certification for Chinese vendors
Nike, Mitsubishi, and Carrier, among others, are having difficulty obtaining Bureau of Indian Standards (BIS) certification for their vendor factories in China
 "Nike, Mitsubishi struggle to get Indian certification for Chinese vendors")
Magicpin food delivery order doubles to 1 mn on ONDC during World Cup
Magicpin said that it delivered 35,000 food orders during the India versus Pakistan match on October 14. The orders peaked at 50,000 on a single day during the India versus Australia match.
 "Magicpin food delivery order doubles to 1 mn on ONDC during World Cup")
iPhone sales continue to surge; iPad, Macbook shipments set to decline
Apple's iPhones contribute more than 85% of the company's revenue from India
 "iPhone sales continue to surge; iPad, Macbook shipments set to decline")
IndiGo's parent firm to challenge tax demands worth over Rs 1,666 cr
InterGlobe Aviation said it believes, based on legal advice from counsel, that the views taken by authority are not sustainable
 "IndiGo's parent firm to challenge tax demands worth over Rs 1,666 cr")
Raymond loses Rs 1,500 cr market value after family feud breaks out
Nawaz Modi alleges corp governance lapses in the company
 "Raymond loses Rs 1,500 cr market value after family feud breaks out")
$5 bn & counting: iPhones consist 62.5% of India's smartphone exports
In the first seven months of FY24, iPhones accounted for over 62 per cent of the total smartphone exports. The rest came from Samsung and other brands
 "$5 bn & counting: iPhones consist 62.5% of India's smartphone exports")
Not making false ad, ready for death sentence if found guilty: Patanjali
"Patanjali have made thousands of people free from several diseases like BP, sugar, thyroid, asthma, arthritis, obesity, liver and kidney failure, and cancer," the company asserted
 "Not making false ad, ready for death sentence if found guilty: Patanjali")
BSE, NSE slap Rs 11.22 lakh fines on Adani Green Energy for non-compliance
The two exchanges imposed fines of Rs 5.61 lakh each on the company
 "BSE, NSE slap Rs 11.22 lakh fines on Adani Green Energy for non-compliance")
Amazon India to use India's rivers, backwaters for transporting packages
Signs agreement with govt, to be first e-commerce player to use inland waterways
 "Amazon India to use India's rivers, backwaters for transporting packages")
Semiconductor chip foray plan adds $3 billion to Murugappa Group's value
It would also provide investors an opportunity to bet on a sector that's added trillions of dollars in stock values globally this year, but has been largely absent from India's $3.7 trn equity market
 "Semiconductor chip foray plan adds $3 billion to Murugappa Group's value")
Uber to start bus service in Kolkata for office-goers by March 2024
By March next year, Uber Shuttle will have 60 air-conditioned buses on predefined routes, connecting business districts with residential areas of the city
 "Uber to start bus service in Kolkata for office-goers by March 2024")
Liberty Shoes ousts Exec-Director Adesh Gupta after NCLT rejects his plea
Adesh Gupta, who along with some other shareholders holds 5.83% of the company, had filed a plea seeking waiver in requirements to file a plea alleging oppression and mismanagement
 "Liberty Shoes ousts Exec-Director Adesh Gupta after NCLT rejects his plea")