Page 1266 - Company News
Marico signs agreement to acquire majority stake in Satiya Nutraceuticals
In an all cash deal, the maker of Parachute Coconut oil will buy the stake in the company for an aggregate consideration of upto Rs 369 crore
 "Marico signs agreement to acquire majority stake in Satiya Nutraceuticals")
Air India aims to increase annual cargo capacity to 2 mn tonnes in 5 years
Air India on Wednesday said it is aiming for a 300 per cent growth in its annual cargo capacity to two million tonnes with non-stop connections to key export markets globally over the next five years
 "Air India aims to increase annual cargo capacity to 2 mn tonnes in 5 years")
Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact
The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said
 "Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact")
M&M picks up 3.5% stake in RBL Bank for Rs 417 cr, eyes to acquire more
Company says it may consider further investment in the bank to raise its holding up to 9.9%
 "M&M picks up 3.5% stake in RBL Bank for Rs 417 cr, eyes to acquire more")
DGCA suspends licences of two IndiGo pilots for violating safety norms
Aviation regulator DGCA has suspended the flying licences of two IndiGo pilots for violating safety norms as the aircraft they operated suffered a tail strike
 "DGCA suspends licences of two IndiGo pilots for violating safety norms")
NCLT gives green signal to Go First to fly aircraft if registered
The tribunal also denied requests of lessors to inspect the leased engines of the aircraft
 "NCLT gives green signal to Go First to fly aircraft if registered")
Qatar fund in talks to buy minority stake in Reliance Retail Ventures
Those investors included KKR & Co and Saudi Arabia's Public Investment Board (see chart). RIL and its associate firms own the rest of the stake in RRVL
 "Qatar fund in talks to buy minority stake in Reliance Retail Ventures")
BlackRock to enter India's asset management sector with Jio Financial JV
Move marks re-entry of world's largest asset manager in domestic market
 "BlackRock to enter India's asset management sector with Jio Financial JV")
For edtech firm Byju's chaotic situation, are only founders to be blamed?
Byju's delayed giving its FY21 financial report by 18 months and when it did, it reported a loss of Rs 4,570 crore. The FY22 financials are yet to be filed
 "For edtech firm Byju's chaotic situation, are only founders to be blamed?")
Working with Pratt & Whitney amid latest engine probe, says IndiGo
IndiGo operator InterGlobe Aviation said on Wednesday it is working with Pratt & Whitney to assess any potential impact on its fleet
 "Working with Pratt & Whitney amid latest engine probe, says IndiGo")
Schneider Electric withdraws appeal from SAT against Sebi's order
Company will have to follow Sebi's January 2021 directions within six months
 "Schneider Electric withdraws appeal from SAT against Sebi's order")
Jindal Stainless pitches for imposition of CVD on stainless steel imports
Consolidated revenue was at Rs 10,183.96 crore, higher by 25.44 per cent as sales volume increased
 "Jindal Stainless pitches for imposition of CVD on stainless steel imports")
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