Page 1202 - Company News
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")
'Payment security mechanism, subsidies to help electric mobility growth'
Many of the STUs remain in bad shape financially. Electric bus makers are, therefore, asking the government to set up such a security fund something which already exists in the power sector
 "'Payment security mechanism, subsidies to help electric mobility growth'")
Need clear chain of command to handle safety, DGCA tells Air India
The DGCA told the airline to remove this confusion so that there is a clear line of communication between the regulator, accountable manager and chief of flight safety
 "Need clear chain of command to handle safety, DGCA tells Air India")
Supreme Court dismisses plea against GSK pharma for deficiency in service
The top court was hearing a plea by a man challenging an order of the National Consumer Disputes Redressal Commission
 "Supreme Court dismisses plea against GSK pharma for deficiency in service")
Adani hikes stake in two group companies to work on claw back strategy
It has increased stake in flagship Adani Enterprises to 71.93% from 69.87%, while also increasing stake in Adani Ports and Special Economic Zone Ltd from 63.06% to 65.23%, the filings showed
 "Adani hikes stake in two group companies to work on claw back strategy")
Toast to margins, demand recovery: Liquor firms see buzz after sober Q1
Reversal of fortunes could lift the industry's spirits
 "Toast to margins, demand recovery: Liquor firms see buzz after sober Q1")
No damage to farmers, fishermen from oil spill near Uran in Mumbai: ONGC
State-owned Oil and Natural Gas Corporation (ONGC) on Sunday said there was no damage to either farmers or fishermen due to last week's minor oil spill near Uran in Mumbai.
 "No damage to farmers, fishermen from oil spill near Uran in Mumbai: ONGC")
Balrampur Chini Mills is expecting 20% higher revenues in FY24: CFO
Sugar prices are on a high with a fall in production primarily due to unseasonal showers in key growing areas of Maharashtra and Karnataka in March
 "Balrampur Chini Mills is expecting 20% higher revenues in FY24: CFO")
Europe, partners should develop global framework for AI: EU Commission Prez
European Commission President Ursula von der Leyen on Sunday said Europe and its partners should develop a new global framework for artificial intelligence risks
 "Europe, partners should develop global framework for AI: EU Commission Prez")
Glenmark eyes double-digit revenue growth; to focus on debt reduction
In FY23, the company's consolidated revenue from operations stood at Rs 12,990 cr, up from Rs 12,305 cr in FY22
 "Glenmark eyes double-digit revenue growth; to focus on debt reduction")
ATIS' Next G Alliance, Bharat 6G Alliance ink MoU to explore collaboration
The work will encompass aligning research and development priorities that support a common 6G vision and creating secure and trusted telecommunications as well as resilient supply chains
 "ATIS' Next G Alliance, Bharat 6G Alliance ink MoU to explore collaboration")
REC signs pact with PFC committing stronger revenue in FY24, FY25
REC has signed an initial pact with PFC committing higher revenue from operations in FY24 and FY25, its CMD Vivek Kumar Dewangan said on Saturday.
 "REC signs pact with PFC committing stronger revenue in FY24, FY25")
Strides Pharma gets USFDA approval for generic Sevelamer Carbonate
The product is bioequivalent and therapeutically equivalent to the reference listed drug Renvela for Oral Suspension, 0.8g and 2.4g of Genzyme, the company said
 "Strides Pharma gets USFDA approval for generic Sevelamer Carbonate")
Tata Comm moves ITAT against Rs 228.49 cr TDS order by Income Tax Dept
The Commissioner of Income-tax (Appeals), Mumbai, passed orders received by the company on September 07, 2023 deciding the appeals against the company
 "Tata Comm moves ITAT against Rs 228.49 cr TDS order by Income Tax Dept")
GST dept imposes Rs 2.64 lakh fine on Pidilite on input tax credit issue
The order has been passed with regard to disallowance of input tax credit (ITC) in the state of Maharashtra for CIPY, a company which has been merged with Pidilite Industries on April 1, 2022
 "GST dept imposes Rs 2.64 lakh fine on Pidilite on input tax credit issue")
Reliance Retail total debt up 73%; RRVL expected to continue pumping money
Reliance Retail Limited's debt-to-equity ratio increased from 1.35 in FY22 to 1.91 in FY23
 "Reliance Retail total debt up 73%; RRVL expected to continue pumping money")
Promoters acquired 2.06% more stake in Adani Ent between Aug 21 and Sept 7
With this, the total promoter holding in Adani Group's flagship firm has now risen to 71.93%
 "Promoters acquired 2.06% more stake in Adani Ent between Aug 21 and Sept 7")
VI pays 50% of spectrum usage, licence charges; struggles to raise funds
Vodafone Idea has found it difficult to raise funds in the past two years which has hurt its ability to expand its 4G network and begin the 5G rollout
 "VI pays 50% of spectrum usage, licence charges; struggles to raise funds")
Reliance Industries, Tata group partner Nvidia for India AI infrastructure
TCS will utilise the AI infrastructure and capabilities to build and process generative AI applications
 "Reliance Industries, Tata group partner Nvidia for India AI infrastructure")
Adani forms JV with Kowa Holdings for green ammonia, H2 marketing
Adani Group's earlier stated timeline to start green hydrogen generation is the end of the calendar year 2025 or the start of 2026
 "Adani forms JV with Kowa Holdings for green ammonia, H2 marketing")