Page 1225 - Company News
DGCA inspection finds lapses in Air India's internal safety audits
The inspection found that the these reports "were subsequently prepared/falsified when demanded by the DGCA team"
 "DGCA inspection finds lapses in Air India's internal safety audits")
With Tesla push, India mulls import tax cut if EV makers build locally
Tesla's best-selling Model Y, for example, starts at $47,740 in the U.S. before tax credits
 "With Tesla push, India mulls import tax cut if EV makers build locally")
Bharat NCAP: India's own car assessment programme; to commence from oct
India becomes the fifth country globally to introduce its own car crash test rating system
 "Bharat NCAP: India's own car assessment programme; to commence from oct")
Vedanta considering separate entities for businesses, says Anil Agarwal
'Investors like pure play,' says billionaire chairman of company that has varied interests
 "Vedanta considering separate entities for businesses, says Anil Agarwal")
JSW Steel plans to pick up 20%-40% stake in Teck Resources' coal unit
JSW, along with Japanese and Korean mills, plans to buy a stake in Teck's Elk Valley Resources, with a combined offer valuing the unit at $8 billion, Jindal told the publication in an interview
 "JSW Steel plans to pick up 20%-40% stake in Teck Resources' coal unit")
Orange, red, and turquoise: Air India Express livery to colour the skies
Air India's new livery and logo incorporate the outer pane of a 'jharokha', a classic ornate Indian window
 "Orange, red, and turquoise: Air India Express livery to colour the skies")
DefMin inks Rs 19,000 cr contract with HSL for 5 fleet support ships
The ships of 44,000 tons category will be the first of its kind to be built in India by an Indian shipyard, officials said
 "DefMin inks Rs 19,000 cr contract with HSL for 5 fleet support ships")
State Bank of India set to measure carbon risk of its Rs 33 trn loan book
The bank plans to engage a consultant or advisor to measure the carbon footprint in its domestic lending portfolio according to internationally accepted norms
 "State Bank of India set to measure carbon risk of its Rs 33 trn loan book")
IndiGrid completes acquisition of Virescent Renewable Energy Trust
India Grid Trust said the enterprise value is not exceeding Rs 4,000 crore, subject to all other closing adjustments as specified in the definitive documents
 "IndiGrid completes acquisition of Virescent Renewable Energy Trust")
AstraZeneca sues US govt over Medicare drug price negotiation plans
The British drugmaker, which filed its complaint in a Delaware district court, joins other drugmakers and business groups claiming that the program would restrict the development of new medicines
 "AstraZeneca sues US govt over Medicare drug price negotiation plans")
US Polo Assn. anticipates 10-15% growth, on track to become Rs 2k cr brand
The store will not only have apparel but also footwear as well as it looks to provide an entire experience to customers
 "US Polo Assn. anticipates 10-15% growth, on track to become Rs 2k cr brand")
ASL acquires Japanese-built vessel, to pursue further fleet growth
The vessel adds significant strength to the Kolkata-based company's fleet, now totalling 10 vessels and boasting of a combined deadweight tonnage (dwt) of 671,332 MT
 "ASL acquires Japanese-built vessel, to pursue further fleet growth")
Ant Group sells 3.6% stake in Paytm for Rs 2,037 cr via open market
In January this year, Alibaba's affiliate Alibaba Singapore E-commerce divested a nearly 3 per cent stake in mobile payments and financial services company for Rs 1,031 crore
 "Ant Group sells 3.6% stake in Paytm for Rs 2,037 cr via open market")
Grasim aims to be 2nd largest player in decorative paints segment: Birla
In FY23, Grasim executed its largest ever capital expenditure investing Rs 4,307 crore including Rs 1,979 crore toward the paints business, he said
 "Grasim aims to be 2nd largest player in decorative paints segment: Birla")
DP World, Kandla Port sign agreement for Rs 4,200 crore container terminal
The Centre foresees the strategic location of the terminal as an aid in its pursuit to reduce container logistics costs within the country
 "DP World, Kandla Port sign agreement for Rs 4,200 crore container terminal")
Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 cr
Group to launch IPO after a gap of 19 years
 "Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 cr")
Motilal Oswal MF buys Jio Financial Services' shares worth Rs 754 cr
According to the bulk deal data available with the NSE, Motilal Oswal Mutual Fund bought 3,72,00,000 shares, amounting to a 0.6 per cent stake in Jio Financial Services
 "Motilal Oswal MF buys Jio Financial Services' shares worth Rs 754 cr")
SBI to enroll customers into social security schemes using Aadhaar
SBI Chairman Dinesh Khara unveiled the new feature that aims to make the process of enrolling in various social security schemes simpler
 "SBI to enroll customers into social security schemes using Aadhaar")
Supplied high-strength alloy steel for Chandrayaan-3: Jindal Stainless
The company stated that "it developed and supplied special, high-strength alloy steel grade that has been used in the motor casing of India's ambitious third lunar mission, the Chandrayaan-3"
 "Supplied high-strength alloy steel for Chandrayaan-3: Jindal Stainless")
IHH Healthcare to acquire remaining stake in Ravindranath GE for Rs 740 cr
The transaction is anticipated to be completed by the fourth quarter of 2023
 "IHH Healthcare to acquire remaining stake in Ravindranath GE for Rs 740 cr")