Page 1097 - Company News

Blackstone enters Indian healthcare services with Care Hospitals buy

Blackstone will commit $1 billion in the hospital chain in India and hold over 75% in Care Hospitals, a source with direct knowledge of the matter said

Petronas, GIC to invest in 5 mn MT project of green ammonia in India

Gentari and AM Green both bring complementary capabilities across the green hydrogen value chain, including renewable energy, electrolysers, and ammonia production and marketing capabilities

Equiniti India aims to hire 800 employees as part of expansion in India

Equiniti India, the offshore arm of Equiniti Group, currently has a total of about 1,500 employees in India across Chennai and Bengaluru

India to see higher demand of telecom equipment in 2024-25: Nokia

Nokia has recorded multi-fold growth in its telecom gear business in India on account of rapid 5G network deployment

A-I expands domestic, global distribution networks with global partners

The agreements with Amadeus and Sabre have been expanded to include the domestic content as well as distribution and servicing of NDC content, it added

Cleared all payments pending for Russian oil purchases: BPCL official

The Indian government has expressed discomfort over settling payment for Russian oil in Chinese yuan

Sterlite Technologies expects growth in sales volume to return next fiscal

We do see some inventory build-up in North America. We do expect probably another six to nine months for that inventory to reduce and then the demand to come back, Company's MD said

Tata Motors wins Singur land case, entitled to recover Rs 766 cr from WB

Tata Motors had to shift its plant to produce small car Nano from Singur in West Bengal to Sanand in Gujarat in October 2008 due to a land row

McDonald's gets sales lift from cheaper menu, McNuggets promotion

McDonald's has done a "fantastic job" in returning to menu items that have performed well over time to boost sales and margins, Stephens analyst Joshua Long said

Meta platform introduces ad-free plans for Instagram, Facebook in Europe

The EU regulations threaten to curb Meta's ability to personalize ads for users without their consent and hurt its major revenue source

Godrej Locks aims double-digit growth amid changing market dynamics

Retaining an optimistic outlook, the country's largest lock maker noted that the urban market has rebounded to pre-COVID growth levels, surpassing its previous performance

Sri Lankan govt renews Lanka Indian Oil petroleum license for 20 years

The government has renewed the petroleum products license granted to Lanka IOC, the local subsidiary of Indian Oil Corporation, for another 20 years, the LIOC said

Govt gets multiple expressions of interest for strategic sale of IMPCL

The second stage would involve due diligence and subsequent issue of RFPs (request for proposals) for financial bids

Govt asks private companies to dematerialise securities by Sept 2024

The requirement will be applicable to private companies, excluding small companies and government companies

Raymond secures redevelopment project in Mumbai, eyes Rs 1,700 cr revenue

Earlier this month, the company said it would invest up to Rs 301 crore in its arm Ten X Realty Ltd

Manipal Group invests in Purplle with secondary purchase from JSW Ventures

With this transaction, JSW Ventures has fully exited its stake in Purplle from Fund I and has returned 2.7 times the fund size to its investors so far

HCLTech to drive Banco do Brasil's digital transformation with Salesforce

Banco do Brasil is one of the largest financial institutions in Latin America

Waaree Energies secures 200 MW module supply order from ENGIE India

The company is developing the Sayla village project, designated as GUVNL 2, under a 25-year solar power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL), it informed

Realty firm Macrotech to launch housing projects worth Rs 12,000 cr by Mar

The company launched 3.7 million square feet of area during the first six months of this fiscal

Space-tech company Skyroot raises $27.5 mn in funding round led by Temasek

Skyroot plans to utilise the newly acquired capital to drive its next growth phase