Page 1267 - Company News
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")
Mahindra Lifespace reports consolidated net loss of Rs 4 cr loss for Q1
Mahindra Lifespace Developers on Wednesday reported a consolidated net loss of Rs 4.27 crore for the first quarter of this fiscal year on lower income and higher expenses
 "Mahindra Lifespace reports consolidated net loss of Rs 4 cr loss for Q1")
BHEL synchronises Unit-2 of Maitree thermal power project in Bangladesh
State-owned engineering firm Bharat Heavy Electricals on Wednesday announced synchronisation of 660-MW unit-2 of the 1,320-MW Maitree Super Thermal Power Project (STPP)
 "BHEL synchronises Unit-2 of Maitree thermal power project in Bangladesh")
Embassy Office Parks REIT Q1 net operating income up by 9% at Rs 738 cr
Embassy Office Parks REIT reported 9 per cent increase in net operating income to Rs 737.6 crore for the first quarter of this fiscal year and declared distribution of Rs 510 crore to the unitholders
 "Embassy Office Parks REIT Q1 net operating income up by 9% at Rs 738 cr")
Lectrix EV plans to raise Rs 500 cr, launches new e-scooter at Rs 1.03 lakh
Lectrix EV, the electric mobility arm of SAR Group, on Wednesday said it plans to raise up to Rs 500 crore next year to launch new products and expand operations in the country
 "Lectrix EV plans to raise Rs 500 cr, launches new e-scooter at Rs 1.03 lakh")
Lupin's subsidiary, Generic Health gets Tiotropium 18 micrograms approval
The company has received the approval from Therapeutic Goods Administration (TGA)
 "Lupin's subsidiary, Generic Health gets Tiotropium 18 micrograms approval")
Simpl introduces 'pay after delivery' option to enhance trust of customers
Consumers can choose the Simpl pay after delivery (SPAD) feature at the time of checkout, which triggers payment only upon successful delivery of the shipment
 "Simpl introduces 'pay after delivery' option to enhance trust of customers")
Will 'significantly' mark down Byju's valuation: Peak XV Partners
This is the first time investors have externally flagged financial and corporate irregularities at the edtech firm
 "Will 'significantly' mark down Byju's valuation: Peak XV Partners")
Global aviation will need 2.3 mn new personnel in 20 years: Boeing study
Commercial aircraft fleets will double in 20 years, says US plane manufacturer in forecast
 "Global aviation will need 2.3 mn new personnel in 20 years: Boeing study")