Page 1172 - Company News
Mahindra Holidays signs pact with U'khand govt to invest Rs 1,000 crore
This is the company's biggest investment in any state and part of its plans to expand to 10,000 keys from the current 5,000 keys by 2030, the company said in a statement
 "Mahindra Holidays signs pact with U'khand govt to invest Rs 1,000 crore")
Dubai Aerospace flags corrosion in plane leased to bankrupt Go First
Foreign lessors have been engaged in a legal tussle to repossess their aircraft after the Indian airline was granted bankruptcy protection in May
 "Dubai Aerospace flags corrosion in plane leased to bankrupt Go First")
Serentica Renewables ties up with PFC for Rs 2,600 cr debt funding
Serentica aims to provide assured renewable energy through a combination of solar, wind, energy storage and balancing solutions
 "Serentica Renewables ties up with PFC for Rs 2,600 cr debt funding")
Axis Finance approaches NCLAT against NCLT approval of Zee-Sony merger
Zee-Sony merger: This comes just over a month after the NCLT's Mumbai bench approved the merger on August 10 by dismissing all applications against it
 "Axis Finance approaches NCLAT against NCLT approval of Zee-Sony merger")
Tata Nexon facelift launched at an introductory price of Rs 8.10 lakh
In a segment first feature, Tata Nexon's instrument cluster also shows navigation-related information apart from on the touchscreen
 "Tata Nexon facelift launched at an introductory price of Rs 8.10 lakh")
Sun Pharma unit inks pact with US firm to introduce drug to treat stroke
Developed by Pharmazz for potential global use, Sovateltide, is indicated for treating cerebral ischemic stroke
 "Sun Pharma unit inks pact with US firm to introduce drug to treat stroke")
Adani Group forms JV with Kowa for marketing of green hydrogen in Japan
"The JV with Kowa for green hydrogen marketing is a natural and strategic extension of Adani Group's long-standing marketing and trading relationship with Kowa," the statement said.
 "Adani Group forms JV with Kowa for marketing of green hydrogen in Japan")
Cipla founding family's stake sale in jeopardy over $13 bn valuation target
Negotiations between the family members and prospective buyers, including companies in the industry and private equity firms, are no longer moving forward
 "Cipla founding family's stake sale in jeopardy over $13 bn valuation target")
Grasim to launch its paint biz in Q4 under the brand name 'Birla Opus'
The production of paints will take place at the company's manufacturing plants located in Haryana, Punjab, Tamil Nadu, Karnataka, Maharashtra, and West Bengal
 "Grasim to launch its paint biz in Q4 under the brand name 'Birla Opus'")
Sun Pharma, Pharmazz enter agreement to introduce Sovateltide in India
Sun Pharma said in a filing that it has been granted rights for marketing Sovateltide in India under the brand name Tyvalzi
 "Sun Pharma, Pharmazz enter agreement to introduce Sovateltide in India")
LTTS to add 2000 employees to cater to rising software demand in vehicles
We focused on electric autonomous connected vehicles during the pandemic and within this, EV was the first area of focus where we invested in a set of labs, CEO of LTTS Amit Chadha added
 "LTTS to add 2000 employees to cater to rising software demand in vehicles")
Top headlines: IT companies' forex revenue, falling global debt and more
Business Standard brings you the top headlines at this hour
 "Top headlines: IT companies' forex revenue, falling global debt and more")
Citigroup prepares for job cuts as it revamps top management structure
The moves will result in a number of job cuts, though the company doesn't yet have firm targets for how many employees will be affected
 "Citigroup prepares for job cuts as it revamps top management structure")
Zaggle Prepaid Ocean Services raises Rs 253 cr from anchor investors
The company has allocated 1.54 crore equity shares to 23 entities at Rs 164 apiece, according to a circular uploaded on the BSE website
 "Zaggle Prepaid Ocean Services raises Rs 253 cr from anchor investors")
EPFO to generate 16 mn net payrolls in FY24, says SBI Ecowrap report
More people might be sticking to current employment as number of members rejoining or resubscribing pension fund has declined, it says
 "EPFO to generate 16 mn net payrolls in FY24, says SBI Ecowrap report")
Paytm shareholders approve appointment of new statutory auditor SR Batliboi
Digital payment services provider Paytm on Wednesday said its shareholders have approved the appointment of a new statutory auditor, S.R. Batliboi & Associates LLP, for five years
 "Paytm shareholders approve appointment of new statutory auditor SR Batliboi")
Lenders allege Byju's hid $533 million in obscure 3-year-old hedge fund
Byju's denied the charge, saying its credit agreement with lenders did not prohibit or restrict the usage, movement or investment of funds
 "Lenders allege Byju's hid $533 million in obscure 3-year-old hedge fund")
Volvo Car India starts deliveries of luxury electric car C40 Recharge
Volvo Car India has commenced deliveries of its recently-launched electric car C40 Recharge with Kerala and Tamil Nadu to begin with, the company said on Wednesday
 "Volvo Car India starts deliveries of luxury electric car C40 Recharge")
NCLT rejects Torrents's plea; to hear Hinduja's plan for RCL on Sep 26
NCLT will hear on September 26 the resolution plan for debt-ridden Reliance Capital submitted by Hinduja Group firm
 "NCLT rejects Torrents's plea; to hear Hinduja's plan for RCL on Sep 26")
Classic Legends to invest Rs 1,000 cr in 3 years to increase production
Mahindra group Chairman Anand Mahindra said the bikes belonged to the 'classic retro' segment, which had a growing customer base
 "Classic Legends to invest Rs 1,000 cr in 3 years to increase production")