Page 1217 - Company News
Amazon to make investment of $3 mn in nature-based projects in India
The allocation is part of the company's $15 million fund it has allocated for nature-based projects in Asia Pacific (APAC)
 "Amazon to make investment of $3 mn in nature-based projects in India")
Volkswagen in 'advanced talks' with Mahindra on MEB platform for EVs
Mahindra wants to use central MEB components such as the e-drive and unit cells for its models, said Volkswagen in a statement
 "Volkswagen in 'advanced talks' with Mahindra on MEB platform for EVs")
Honda to roll out 5 SUVs in India by 2030, enters high selling segment
"Our focus is now on the SUV segment. Starting from Elevate we are going to introduce five SUVs by 2030," Honda Cars India President & CEO Takuya Tsumura told PTI in an interaction
 "Honda to roll out 5 SUVs in India by 2030, enters high selling segment")
Reliance Jio seeks up to $2 billion in offshore loans to fund 5G plan
The report neither mentioned the individual amounts that Jio will pay back to Ericsson, BNP and other entities in the loan deal nor clarified whether BNP was acting on behalf of a consortium
 "Reliance Jio seeks up to $2 billion in offshore loans to fund 5G plan")
Bajaj Finance's B2B segment to add 1,000 cities in the next three years
In Q1 FY24, B2B disbursements were up 37 per cent at Rs 22,625 crore as against Rs 16,502 crore in Q1 FY23. Its AUM stood at Rs 2,70,097 crore at the end of June 2023
 "Bajaj Finance's B2B segment to add 1,000 cities in the next three years")
Satellite spectrum: Reliance Jio sends second legal opinion to Trai
Letter by retired SC judge says any method apart from auctions may be constitutionally unsound
 "Satellite spectrum: Reliance Jio sends second legal opinion to Trai")
ITC to invest Rs 1,500 cr to set up food manufacturing plants in MP
Diversified group ITC on Sunday said it will invest around Rs 1,500 crore to set up an integrated food manufacturing and logistics facility and a sustainable packaging products manufacturing facility
 "ITC to invest Rs 1,500 cr to set up food manufacturing plants in MP")
Ikea enters 2nd phase of growth in India, to expand retail operations
Ikea, which has completed five years of retail operations after opening its first store in Hyderabad on August 9, 2018, plans to increase its employee count to 10,000 from 3,000 in the coming years
 "Ikea enters 2nd phase of growth in India, to expand retail operations")
Uday Kotak resigns as MD, CEO of Kotak Mahindra Bank effective September 1
As an interim arrangement, joint MD Dipak Gupta will carry out duties of MD and CEO until December 31
 "Uday Kotak resigns as MD, CEO of Kotak Mahindra Bank effective September 1")
Full text of Uday Kotak's resignation letter as he steps down as MD & CEO
In the meantime, Dipak Gupta, the current joint managing director, will function as MD and CEO, subject to approvals
 "Full text of Uday Kotak's resignation letter as he steps down as MD & CEO")
Flying solo into trouble: The rise and fall of Jet Airways' Naresh Goyal
Goyal, who faces accusations of misappropriating Jet Airways' funds, is currently embroiled in a legal struggle with investigative agencies
 "Flying solo into trouble: The rise and fall of Jet Airways' Naresh Goyal")
For now grounded Go First cannot use two-letter designator code 'G8'
Bankrupt Go First is now not eligible for the two-letter designator code 'G8', with global airlines' grouping IATA blocking the code as the airline has not been flying for the past few months
 "For now grounded Go First cannot use two-letter designator code 'G8'")
Walmart increases stake in Flipkart, pays $3.5 bn to acquire further shares
Last month, in an investor call, Walmart said Flipkart's GMV was strong and eCommerce grew 26 per cent in the June quarter
 "Walmart increases stake in Flipkart, pays $3.5 bn to acquire further shares")
AI Engineering Services to hire 1,000 people in coming months: CEO
Looking to strengthen and upgrade itsO capabilities, state-owned AI Engineering Services will hire 1,000 more people to take its total staff strength to 6,000 in the coming months
 "AI Engineering Services to hire 1,000 people in coming months: CEO")
Tata Steel in advanced talks to secure funds for UK plant: Reports
Tata Steel is in advanced talks with the UK government to agree around GBP 500 million in state-backed funding to secure the future of its Port Talbot plant in South Wales
 "Tata Steel in advanced talks to secure funds for UK plant: Reports")
REA India's revenue up 46% to Rs 430 cr amid sharp rise in housing demand
REA India, which is a subsidiary of Australia's REA Group, is a full-stack real estate technology firm and it owns three real estate portals -- Housing.com, PropTiger and Makaan.com
 "REA India's revenue up 46% to Rs 430 cr amid sharp rise in housing demand")
With 'Choice' initiative Vi allows postpaid users to modify plans
'Choice' initiative allows users to opt for lifestyle benefits across entertainment, food, travel and mobile security
 "With 'Choice' initiative Vi allows postpaid users to modify plans")
Solar installations see 3.2% growth at 872 MW in January-June: Mercom
In H1 or first half of 2022, 845 MW of rooftop solar capacities were installed in India, the research firm said
 "Solar installations see 3.2% growth at 872 MW in January-June: Mercom")
Zomato launches AI chatbot for seamless food ordering for 'Gold' customers
Zomato claims that the chatbot can handle a range of user queries
 "Zomato launches AI chatbot for seamless food ordering for 'Gold' customers")
Biocon acquires Eywa Pharma's US-based manufacturing facility for $7.7 mn
Biocon acquires Eywa Pharma's US-based manufacturing facility for $7.7 mn
 "Biocon acquires Eywa Pharma's US-based manufacturing facility for $7.7 mn")