Page 1085 - Company News
ONGC plans to invest Rs 1 trillion to set up two petrochemical plants
Petrochemicals are chemical products derived from crude oil and used in the manufacturing of detergents, fibres (polyester, nylon, acrylic etc.), polythene and other man-made plastics
 "ONGC plans to invest Rs 1 trillion to set up two petrochemical plants")
Meta, Alphabet, ByteDance, Snap must face social media addiction lawsuits
Rogers rejected arguments that the defendants were immune from being sued by the US Constitution's First Amendment
CWIT first phase likely to be operational by Dec 2024: Karan Adani
The Port of Colombo is the largest and busiest transhipment port in the Indian Ocean. It has been operating at more than 90 per cent utilisation since 2021, signalling its need for additional capacity
 "CWIT first phase likely to be operational by Dec 2024: Karan Adani")
DS Group considering investment of Rs 200 cr to expand luxury portfolio
The DS group also has brands like Swiss luxury chocolate Laderach, childrenswear store Les Petis, and premium grocery and retail store Le Marche
 "DS Group considering investment of Rs 200 cr to expand luxury portfolio")
BharatPe fraud: EOW finds fake invoices generated by Ashneer Grover family
Preliminary investigations by the Economic Offences Wing (EOW) find consultancy firms credited Rs 7.6 crore by BharatPe share addresses of Ashneer Grover's family members
 "BharatPe fraud: EOW finds fake invoices generated by Ashneer Grover family")
Karnataka-based Aequs bags Airbus contract to supply aircraft components
Karnataka-based Aequs will make parts for wings, fuselage, and pylons for Airbus' A320, A330neo, A350 aircraft
 "Karnataka-based Aequs bags Airbus contract to supply aircraft components")
HPE and NVIDIA partner to launch a supercomputing solution in GenAI
This solution will have a software suite enabling customers to train models and develop AI applications
 "HPE and NVIDIA partner to launch a supercomputing solution in GenAI")
Paytm collaborates with Amadeus to drive travel experience with AI
"Under this collaboration, for the next 3 years, the company will integrate Amadeus's expansive travel platform, enhancing the travellers' experience from search to booking, and finally to payment"
 "Paytm collaborates with Amadeus to drive travel experience with AI")
Vedanta dispatches 1st supply of low-carbon aluminium in domestic market
Restora Ultra, made with aluminium recovered from dross, a byproduct of aluminium smelting, has an even lower carbon footprint that is near zero and is amongst the lowest in the world
 "Vedanta dispatches 1st supply of low-carbon aluminium in domestic market")
India core to our products and services: JPMorgan Chase CIO Lori Beer
Even in terms of its technology investment, the US recessionary trend has not impacted it, she said. Its tech budgets over the period have only been increasing, Beer added
 "India core to our products and services: JPMorgan Chase CIO Lori Beer")
Aequs bags contract from Airbus for supply of critical aircraft components
Under the terms of the agreement, Aequs will make detailed parts, parts with bench assembly for wings, fuselage, and pylons for these planes, Aequs said.
 "Aequs bags contract from Airbus for supply of critical aircraft components")
Suzuki to introduce three-cylinder engines: Why is this a big deal?
Suzuki has continued with its four-cylinder engines at a time when most carmakers have shifted to three-cylinder units
 "Suzuki to introduce three-cylinder engines: Why is this a big deal?")
Siemens to acquire 18% in Indian arm from Siemens Energy for 2.1 bn euros
With this, the company's total stake in its Indian arm will jump to 69 per cent from 51 per cent earlier
 "Siemens to acquire 18% in Indian arm from Siemens Energy for 2.1 bn euros")
Renault sets out targets for EV unit Ampere, says won't sell it cheap
The group set out financial targets for the unit, including an expected break-even in 2025 and an operating margin of at least 10% from 2030
 "Renault sets out targets for EV unit Ampere, says won't sell it cheap")
Funds over Rs 25,000 cr with Sebi in focus after Subrata Roy's death
Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness
 "Funds over Rs 25,000 cr with Sebi in focus after Subrata Roy's death")
Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job
The board of the National Investment & Infrastructure Fund has recommended Aggarwal for the role of Chief Executive Officer, the people said, asking not to be identified as the information is private
 "Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job")
Govt slaps penalty on four firms that failed to hire female directors
The action has been taken against three private and one Maharashtra govt company. The development sheds light on the govt's emphasis on having more female leaders in company boardrooms
 "Govt slaps penalty on four firms that failed to hire female directors")
Prestige Group eyes mall expansion in Mumbai and Goa amid retail boom
Prestige Group currently operates four malls in Bengaluru and Kochi, it plans to develop eight more malls across various stages in cities such as Chennai and Hyderabad
 "Prestige Group eyes mall expansion in Mumbai and Goa amid retail boom")
PRS Oberoi, doyen of Indian hospitality passes away at the age of 94
A luminary in the hospitality industry, Oberoi's legacy transcends borders, leaving an indelible mark on the global landscape, a statement said
 "PRS Oberoi, doyen of Indian hospitality passes away at the age of 94")
FIR filed in Mahadev betting case, Dabur Group's Burmans deny charges
Say vested interests behind complaint, want to scuttle move to buy Religare
 "FIR filed in Mahadev betting case, Dabur Group's Burmans deny charges")