Page 1240 - Company News
Lenovo mulls scaling up local production, discussion on with govt on PLI
Lenovo plans to strengthen local manufacturing and is in discussion with the government to seek clarity on the PLI scheme and recent import restrictions, a senior company official said on Tuesday
 "Lenovo mulls scaling up local production, discussion on with govt on PLI")
WhatsApp launches screen sharing feature to take on Zoom, Google Meet
Global WhatsApp Business App users grow fourfold to over 200 million. In 2020, 15 million out of 50 million users of the business messaging app came from India
 "WhatsApp launches screen sharing feature to take on Zoom, Google Meet")
GMR Airports Infrastructure plans to raise Rs 5,000 cr in Aug 14 meeting
At the meeting, the board will also consider the company's unaudited financial results for the quarter ended June, according to a regulatory filing
 "GMR Airports Infrastructure plans to raise Rs 5,000 cr in Aug 14 meeting")
CCI clears proposed acquisition of HDFC Credila Financial Services
Anti-trust regulator CCI on Tuesday cleared the proposed purchase of 90% equity stake in HDFC Credila Financial Services by a private equity consortium of BPEA EQT and ChrysCapital
 "CCI clears proposed acquisition of HDFC Credila Financial Services")
NEC Corp India bags deal for vehicle location tracking project from UPSRTC
Large display screens will also be installed in around 100 major bus stations across the state to provide up-to-date real-time information to passengers
 "NEC Corp India bags deal for vehicle location tracking project from UPSRTC")
Reliance bags contract for Meghalaya universal health insurance scheme
The RGICL will be implementing the Megha Health Insurance Scheme and the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana phase 6
 "Reliance bags contract for Meghalaya universal health insurance scheme")
The importance of being K Krithivasan: Why TCS picked him as the CEO
In reverting to the old vertical structure, K Krithivasan shows glimpses of why TCS picked him as the CEO
 "The importance of being K Krithivasan: Why TCS picked him as the CEO")
Hyundai global boss pushes electric vehicle credentials on India visit
Hyundai Motor to roll out 5 EV models by 2032 in India; expand number of charging stations to 439 by 2027
 "Hyundai global boss pushes electric vehicle credentials on India visit")
Hiring for fresh talent rises 3% in HY23, shows job market optimism: Study
Hiring intent for all categories of jobseekers increased to 73%: TeamLease
 "Hiring for fresh talent rises 3% in HY23, shows job market optimism: Study")
Adani Enterprises considering sale of 44% stake in Wilmar Venture
The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd. for a few months, the people said, asking not to be identified as the information is confidential
 "Adani Enterprises considering sale of 44% stake in Wilmar Venture")
Procedural delays likely in IDBI Bank stake sale; bids expected in Q3
Financial bids constitute the second significant step in the disinvestment process, following expressions of interest (EoIs) from potential bidders
 "Procedural delays likely in IDBI Bank stake sale; bids expected in Q3")
Ananya Birla's Svatantra MFI to acquire Chaitanya India Fin for Rs 1,479 cr
Combined entity to become 2nd-largest MFI player
 "Ananya Birla's Svatantra MFI to acquire Chaitanya India Fin for Rs 1,479 cr")
Bikano enters branded spice segment with new sub-brand 'Swad Anusar'
Snacks and sweets maker Bikano has forayed into the branded spice market, a category witnessing fast growth in the last few years
 "Bikano enters branded spice segment with new sub-brand 'Swad Anusar'")
Genus Power Infrastructures arm bags order worth Rs 2,209.8 crore
Genus Power Infrastructures on Tuesday said its subsidiary has bagged a Rs 2,209.84-crore order for supply and installation of 2,177,000 smart pre-paid electricity meters
 "Genus Power Infrastructures arm bags order worth Rs 2,209.8 crore")
Exide Industries to start lithium-ion cell project's phase-1 by FY25-end
The plant, with a capacity of 12 gigawatt hours (GWh), would be set up in phases
 "Exide Industries to start lithium-ion cell project's phase-1 by FY25-end")
JP Morgan opens new million square feet plus offices in Mumbai, Bengaluru
American financial services major JPMorgan Chase has opened two new facilities in Mumbai and Bengaluru, which will become two of its largest technology and operations centres globally
 "JP Morgan opens new million square feet plus offices in Mumbai, Bengaluru")
NTPC Renewable Energy wins bid for 80 MW solar project in Khandwa
"The bidding was conducted on August 8, 2023, by Rewa Ultra Mega Solar Limited, a joint venture of Solar Energy Corporation of India and MP Urja Vikas Nigam Ltd. The discovered tariff is Rs 3.80/kWh"
 "NTPC Renewable Energy wins bid for 80 MW solar project in Khandwa")
Exide Industries expects to regain pre-covid EBITDA margin in 1-2 years
Speaking about the company's Rs 6,000 crore 12GW lithium-ion cell manufacturing plant near Bangalore, Chakraborty said it is progressing well
 "Exide Industries expects to regain pre-covid EBITDA margin in 1-2 years")
Birla Corp Q1 results: Consolidated net profit falls 3.6% to Rs 59.71 cr
Total income at Rs 2424.63 crore saw an increase of 9.3 per cent, as cement volumes grew by 12.2 per cent
 "Birla Corp Q1 results: Consolidated net profit falls 3.6% to Rs 59.71 cr")
Ananya Birla's Svatantra to acquire Navi Group's Chaitanya for Rs 1,479 cr
The acquisition is set to position Svatantra as the second largest NBFC-MFI in India, fostering a boost to microfinance reach and impact
 "Ananya Birla's Svatantra to acquire Navi Group's Chaitanya for Rs 1,479 cr")