Page 1255 - Company News
Tata Motors' DVR shares soar over 12% on conversion plan announcement
Cancellation of ordinary shares to attract three levels of taxes
 "Tata Motors' DVR shares soar over 12% on conversion plan announcement")
Coca-Cola registers Q1 volume growth in India despite 'challenging' summer
"In India, business was unfairly impacted because of unseasonal rain and cooler temperature of the quarter. However, the growth remained intact," Quincey said in an earnings call
 "Coca-Cola registers Q1 volume growth in India despite 'challenging' summer")
Centre proposes to sell upto 5.36% from its 78.2% stake in Rail Vikas Nigam
The Indian government will sell a stake of up to 5.36% in state-owned Rail Vikas Nigam this week, in a deal that could fetch 13.3 billion rupees ($162.12 million), an exchange filing showed
 "Centre proposes to sell upto 5.36% from its 78.2% stake in Rail Vikas Nigam")
Meta signs MoU with govt's INDIAai for research and collaboration on AI
The MoU was signed by Abhishek Singh, CEO of India AI, and Shivnath Thukral, director and head of public policy, Meta in India
 "Meta signs MoU with govt's INDIAai for research and collaboration on AI")
Risk management platform Effectiv raises $4.5 mn capital in seed funding
Real-time fraud and risk management platform Effectiv on Wednesday said it has secured an additional $4.5-million capital in seed funding
 "Risk management platform Effectiv raises $4.5 mn capital in seed funding")
MRPL in coastal Karnataka becomes India's largest single location refinery
The Mangalore Refinery and Petrochemicals Limited (MRPL), a mini-Ratna CPSE PSU refinery based in coastal Karnataka and a subsidiary of ONGC, has become the single largest PSU-refinery
 "MRPL in coastal Karnataka becomes India's largest single location refinery")
BlackRock to enter India's asset management sector with Jio Financial JV
JFS and BlackRock are targeting initial investment of $150 million each in the joint venture
 "BlackRock to enter India's asset management sector with Jio Financial JV")
Unfavourable rains impacts Coca Cola's business, growth outlook intact
It also gained value share in total NARTD (non-alcoholic ready-to-drink) beverages led by share gains in South Korea, India, Australia and Thailand
Demerger not to affect synergies between ITC's other businesses: Analysts
The proposed demerger of the hotels division of ITC into a separate entity will not affect synergies with other business lines of the conglomerate, according to analysts
 "Demerger not to affect synergies between ITC's other businesses: Analysts")
Boeing loses $149 mn in Q2 as plane maker pushes ahead production increases
Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defense business
 "Boeing loses $149 mn in Q2 as plane maker pushes ahead production increases")
ReNew signs pact with Petronas's green unit Gentari for 5GW projects
Gentari is looking to build close to 30 GW in renewable energy capacity by 2030
 "ReNew signs pact with Petronas's green unit Gentari for 5GW projects")
Airbus says will support customers amid latest probe in P&W engines
With Pratt & Whitney deciding to inspect around 1,200 engines for certain defects, the country's largest airline IndiGo on Wednesday said it is working closely with the engine maker
 "Airbus says will support customers amid latest probe in P&W engines")
Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million
Multiple block deals were seen in RBL Bank on Wednesday and the stock ended up 7.1%
 "Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million")
Tata Motors applies for PLI benefits for Tiago electric car, says top exec
The Mumbai-headquartered firm has applied for all variants of the Tiago, which recently hit a sales milestone of 10,000 units
 "Tata Motors applies for PLI benefits for Tiago electric car, says top exec")
Shree Cement to invest Rs 7,000 cr on capacity expansion projects
Shree Cement, the third largest cement manufacturer, will invest in setting up a clinker capacity of 3.65 million tonnes in Pali, Rajasthan
 "Shree Cement to invest Rs 7,000 cr on capacity expansion projects")
Poonawalla Fincorp sells controlling stake in housing fin arm for Rs 3K cr
With this sale, Poonawalla Housing Finance will cease to be a subsidiary of Poonawalla Fincorp, and Perseus will be holding a controlling stake
 "Poonawalla Fincorp sells controlling stake in housing fin arm for Rs 3K cr")
SAT to hear Sebi's appeal for modification in Zee order on July 27
Sebi, in its appeal, has asked for the modification on the direction for appointing a different WTM
 "SAT to hear Sebi's appeal for modification in Zee order on July 27")
IoTechWorld Avigation gets DGCA certification for new agri-drone model
Agri-drone maker IoTechWorld Avigation on Wednesday said it has received certificate from DGCA for its new indigenous product 'AGRIBOT A6' which is more advanced and compact than previous model
 "IoTechWorld Avigation gets DGCA certification for new agri-drone model")
Qatar sovereign fund in talks for $1 billion stake in Reliance Retail
Qatar's sovereign wealth fund is in early discussions to buy a minority stake in billionaire Mukesh Ambani's rapidly expanding retail unit for about $1 billion (Rs 8,200 crore), sources said
 "Qatar sovereign fund in talks for $1 billion stake in Reliance Retail")
Foxconn, chip giants head to Modi's home state for India conference
India wants to establish itself as a semiconductor manufacturing hub, rivaling the likes of Taiwan, and the high demand for chips means the local market will be worth $80 billion by 2028
 "Foxconn, chip giants head to Modi's home state for India conference")