Page 1201 - Company News
Govt may relook at allowing Indian companies to list overseas: FM
Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts
 "Govt may relook at allowing Indian companies to list overseas: FM")
Tesla supercomputer may boost market value by $600 bn: Morgan Stanley
The electric-vehicle maker (EV) started production of the supercomputer used to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo
 "Tesla supercomputer may boost market value by $600 bn: Morgan Stanley")
Grocery delivery app Instacart aims for up to $7.7 bn valuation in US IPO
The San Francisco-based company and its selling shareholders are looking to raise up to $616 million by offering 22 million shares priced between $26 and $28 each, it said in a regulatory filing
 "Grocery delivery app Instacart aims for up to $7.7 bn valuation in US IPO")
'Lulu Group expects to launch IPO in H1 2024, shares to be listed in Gulf'
Hypermarket chain and mall operator Lulu Group International expects to launch its initial public offering (IPO) in the first half of 2024, its chairman said on Monday
 "'Lulu Group expects to launch IPO in H1 2024, shares to be listed in Gulf'")
Byju's puts Epic, Great Learning on sale to raise $800 million-$1 billion
Byju's is hoping to earn between $400-$500 million from the sale of Epic, which is a US-based kids' learning company
 "Byju's puts Epic, Great Learning on sale to raise $800 million-$1 billion")
Oriana Power bags orders worth Rs 134 cr for solar projects in K'taka, Raj
Oriana Power Ltd on Monday announced securing two fresh orders totalling Rs 134.6 crore to set up solar capacities in Karnataka and Rajasthan
 "Oriana Power bags orders worth Rs 134 cr for solar projects in K'taka, Raj")
Edelweiss arm aims to raise up to $500 mn for maiden climate fund
An Edelweiss group arm is planning to raise up to $500 million (about Rs 4,143 crore) for its maiden climate fund
 "Edelweiss arm aims to raise up to $500 mn for maiden climate fund")
Reliance Jio launches fire safety and prevention campaign in Delhi NCR
Reliance Jio has embarked on a fire safety and fire prevention campaign aimed at enhancing safety measures across its network sites throughout Delhi NCR
 "Reliance Jio launches fire safety and prevention campaign in Delhi NCR")
Public sector company ITI develops its own branded laptop, micro PC
Public sector telecommunications company ITI Limited said on Monday that it has developed its own branded laptop and micro PC with international standards and launched them in the market
 "Public sector company ITI develops its own branded laptop, micro PC")
Former CEO of China's Alibaba quits cloud business in leadership reshuffle
The former CEO of Alibaba, Daniel Zhang, resigned as head of its cloud computing unit Monday in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle
 "Former CEO of China's Alibaba quits cloud business in leadership reshuffle")
IRB Infrastructure toll revenue collection grows 24% to Rs 417 cr in August
Toll collection stood at Rs 336 crore in the same month last year, IRB said in a statement
 "IRB Infrastructure toll revenue collection grows 24% to Rs 417 cr in August")
Credit Suisse case: SC gives Ajay Singh last chance to pay, else face jail
The Supreme Court asked SpiceJet chairman Ajay Singh to make a payment of $500,000 towards an installment to Credit Suisse by September 22, along with $1 million towards defaulted amount
 "Credit Suisse case: SC gives Ajay Singh last chance to pay, else face jail")
Coinbase to halt exchange services in India amid regulatory challenges
Global cryptocurrency exchange Coinbase advises Indian users to withdraw funds by September 25
 "Coinbase to halt exchange services in India amid regulatory challenges")
US DFC to invest $435 million in Tata Power's green energy subsidiary
The DFC invests in energy, healthcare, infrastructure, agriculture, and small businesses among other sectors
 "US DFC to invest $435 million in Tata Power's green energy subsidiary")
Byju's makes a surprise $1.2 billion repayment proposal to lenders
Byju's and its lenders have been mired in a conflict for almost a year, during which rounds of negotiations to revamp its loan agreement have failed
Reliance Industries pushes battery unit timeline by 2 years to 2026
This would be one of the rare instances, where the company has changed a stated timeline or target for any business outcomes
 "Reliance Industries pushes battery unit timeline by 2 years to 2026")
Torrent promoters may pledge stake in power arm to fund Cipla buy
Torrent's promoters own a 53.6 per cent stake in Torrent Power, valued at Rs 18,643 crore as of Friday, which remains a crucial avenue for raising funds for the Mehtas
 "Torrent promoters may pledge stake in power arm to fund Cipla buy")
Industry needs to match govt steps taken in last 9 yrs: RC Bhargava
He was responding to a query on what must the Indian industry do in order to cash in on the opportunity created by India's G20 Presidency
 "Industry needs to match govt steps taken in last 9 yrs: RC Bhargava")
Grasim plans to open 100-120 retail stores in smaller cities in next 2 yrs
As part of its capex plan, the company has allocated Rs 122 crore for textiles, insulators, and other items in FY'24
 "Grasim plans to open 100-120 retail stores in smaller cities in next 2 yrs")
NCLAT dismisses operational creditor's insolvency plea against Wipro
The National Company Law Appellate Tribunal has dismissed an operational creditor's petition to initiate insolvency proceedings against Wipro Ltd
 "NCLAT dismisses operational creditor's insolvency plea against Wipro")