Page 1166 - Company News
SIG to invest 100 mn euro on Gujarat plant, expects to be in top 10 markets
The company, which entered into the Indian market in 2018, has witnessed a "phenomenal growth" here, and expects it to "play a very important role for us going forward''
 "SIG to invest 100 mn euro on Gujarat plant, expects to be in top 10 markets")
Revisiting Rupert Murdoch's India adventure as he hangs up his boots
Once he arrived on the scene in a rapidly liberalising India, there was no stopping him. The country's private broadcasting story begins with the Murdoch-Subhash Chandra team
 "Revisiting Rupert Murdoch's India adventure as he hangs up his boots")
iPhone assembly resumes production at Indian factory after fire: Pegatron
Pegatron had halted the assembly of iPhones for the past two days at its factory in Tamil Nadu state after a fire broke out on Sunday
 "iPhone assembly resumes production at Indian factory after fire: Pegatron")
Amul expects no price hike after timely monsoon in Gujarat: Chief Mehta
On the investment plans, he said that they are investing close to Rs 3,000 crore every year and that is going to be there for the next several years
 "Amul expects no price hike after timely monsoon in Gujarat: Chief Mehta")
Google rolls out earthquake alerts system for android users in India
The technology, through the use of tiny accelerometers present in the android smartphones, can detect the very beginnings of earthquake shaking
 "Google rolls out earthquake alerts system for android users in India")
Fintech firm Bright Money raises Rs 515 cr in equity, debt funding
The funding includes USD 50 million in debt from Encina Lender Finance and USD 12 million in equity led by Alpha Wave, Hummingbird, and PeakXV, Bright Money said in a statement on Wednesday
 "Fintech firm Bright Money raises Rs 515 cr in equity, debt funding")
UBS, Credit Suisse see growing probe over alleged Russian sanctions evasion
The probe is still at an early stage and may not result in charges or a settlement, the people said
 "UBS, Credit Suisse see growing probe over alleged Russian sanctions evasion")
Intel appoints Gokul Subramaniam as the new president of its India site
Subramaniam, who is based in Bengaluru, has been with Intel for over 11 years and has occupied various technical and business leadership roles
 "Intel appoints Gokul Subramaniam as the new president of its India site")
AMNS India's Hazira project to be commissioned by 2026: Laxmi Mittal
In October last year, ArcelorMittal's arm AMNS India had stated that it will invest Rs 60,000 crore to scale up capacity of its steel plant at Hazira to 15 million tonnes (MT)
 "AMNS India's Hazira project to be commissioned by 2026: Laxmi Mittal")
Google to roll out Android based earthquake alert service in India
The system takes the help of tiny accelerometers present in Android smartphones that can act as mini seismometers
 "Google to roll out Android based earthquake alert service in India")
CRISIL upgrades Suzlon Energy ratings to BBB+ with positive outlook
According to the statement, the rating upgrade is a result of Suzlon's successful reduction of debt by repaying the entire term debt
 "CRISIL upgrades Suzlon Energy ratings to BBB+ with positive outlook")
Bombay HC allows Akasa Air to proceed with case against pilots in Mumbai
Justice SM Modak said that the actions rose within its jurisdiction as resignations were accepted by the company in Mumbai
 "Bombay HC allows Akasa Air to proceed with case against pilots in Mumbai")
Pegatron India fire traced to workers' failure to turn off switch: Reports
The lapse at key Apple supplier Pegatron's only factory in India, located in the southern state of Tamil Nadu, has cost three straight days of lost production
Apollo to acquire partially built hospital in Kolkata region for Rs 102 cr
The first phase of 225 beds of the partially built 325-bed hospital will be commissioned in the next 12 months, company officials said
 "Apollo to acquire partially built hospital in Kolkata region for Rs 102 cr")
German technology major SAP launches new generative AI assistant Joule
SAP said Joule will be embedded throughout its enterprise cloud portfolio, delivering proactive and contextualised insights from across SAP solutions and third-party sources
 "German technology major SAP launches new generative AI assistant Joule")
Glenmark, Cosmo partner to bring acne treatment Winlevi to Europe, S Africa
This agreement grants Glenmark the exclusive right to commercialise Winlevi in 15 EU countries, South Africa, and the UK
 "Glenmark, Cosmo partner to bring acne treatment Winlevi to Europe, S Africa")
Renault, Nissan unwind key alliance structure to pursue other partnerships
Renault earlier this year agreed to lower its stake in Nissan to help smooth over frictions that emerged after the 2018 toppling of former alliance chief Carlos Ghosn
 "Renault, Nissan unwind key alliance structure to pursue other partnerships")
Zepto most preferred startup for professionals in India: LinkedIn ranking
Startups that followed the e-grocery app in the ranking include EV cab aggregator BluSmart, fintech company Ditto Insurance, audio OTT platform Pocket FM and Skyroot Aerospace, respectively
 "Zepto most preferred startup for professionals in India: LinkedIn ranking")
Nuvama Wealth expects client assets growing by 15-20% this fiscal: Kehair
As of June 2023, it manages over Rs 2.5 lakh crore of client assets and has over 2,700 employees across 90 offices worldwide
 "Nuvama Wealth expects client assets growing by 15-20% this fiscal: Kehair")
Glenmark announces license agreements for Winlevi in Europe and S Africa
Cassiopea, a subsidiary of Cosmo, will receive an upfront payment of $5 million and agreed double-digit royalties on net sales