Page 1290 - Company News
Apple's main supplier Foxconn plans $500 mn component plants in India
Foxconn Technology Group, plans to increase its investments to more than $1.2 bn in southern India's Karnataka state and add two component factories there
 "Apple's main supplier Foxconn plans $500 mn component plants in India")
Maruti to acquire Suzuki Motor Corp's Gujarat plant to boost efficiency
Maruti will take over EV production at Gujarat site, replacing Suzuki Motor Corp
 "Maruti to acquire Suzuki Motor Corp's Gujarat plant to boost efficiency")
Foxconn Industrial Internet denies signing deal with Tamil Nadu: Report
The government of the southern Indian state of Tamil Nadu said on Monday it has signed a deal with Foxconn for a new electronic components manufacturing facility that would create 6,000 jobs
Man Industries settles forensic audit disclosure lapses case with Sebi
The matter was settled after the company paid Rs 8.79 lakh towards the settlement amount, according to an order passed by the Securities and Exchange Board of India (Sebi)
 "Man Industries settles forensic audit disclosure lapses case with Sebi")
Japan chip equipment supplier Disco to set up center in India: Report
The chipmaking device supplier will consider opening an applications laboratory, which performs test cuts and other experimental processing at customer's request, in India, the report said
 "Japan chip equipment supplier Disco to set up center in India: Report")
Peerless group plans Rs 1,000 crore capital expenditure over three years
In real estate, plans are being charted to launch a 15-floor retail-commercial-residential real estate project called Trium at Rajarhat
 "Peerless group plans Rs 1,000 crore capital expenditure over three years")
State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%
Prices issue at finer rate amid hardening yield; Gets bids worth Rs 21,698 crore
 "State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%")
LIC Mutual Fund completes the takeover of IDBI Mutual Fund schemes
At the end of June, the AUM of LIC MF and IDBI MF stood at Rs. 18,400 crore and Rs. 3,650 crore, respectively
Alphabet owned Google's dominance sparks South African antitrust crackdown
The watchdog determined that Google's search dominance "distorts platform competition" in favor of large market players
 "Alphabet owned Google's dominance sparks South African antitrust crackdown")
Adani Group in talks to raise $1.8 bn from India bond sales: Report
The plans will likely gather steam in two months and the amount eventually raised could be double the initial size, sources said
 "Adani Group in talks to raise $1.8 bn from India bond sales: Report")
DGCA renews Jet Airways Air Operator Certificate with conditions: Official
Earlier in the day, Jalan-Kalrock Consortium, the winning bidder for the bankrupt airline said in a statement that the DGCA has renewed the airline's AOC
 "DGCA renews Jet Airways Air Operator Certificate with conditions: Official")
Delhi HC rejects SpiceJet's plea for relief in dispute with Maran
Dispute dates back to 2015 when Kalanithi Maran sold his stake in airline for a nominal price
 "Delhi HC rejects SpiceJet's plea for relief in dispute with Maran")
Allegra, Dolo-650 among 300 pharmaceutical brands to have QR codes
Batches manufactured on and after August 1 will have QR codes printed on the packaging of the selected 300 brands
 "Allegra, Dolo-650 among 300 pharmaceutical brands to have QR codes")
NTPC arm 'NTPC REL' gets letter of award for 550 MW solar project
With the allotment of this 550 MW capacity, NTPC REL will have to execute more than 2 GW RE capacity to fulfil the capacity won in TBCB (tariff-based competitive bidding) mode in Q1 2023 alone
 "NTPC arm 'NTPC REL' gets letter of award for 550 MW solar project")
After Sequoia split, India's Peak XV to hold CEOs meet for first time
The invite-only Peak XV "Founder Retreat" is planned for Aug 18-19 in the tech hub of Bengaluru, dubbed the Silicon Valley of India and the base of many startups
 "After Sequoia split, India's Peak XV to hold CEOs meet for first time")
Tata Power launches RFID-enabled cards to support its EV charging ecosystem
Tata Power on Monday launched a radio-frequency identification card, which, it said, will help accelerate the adoption of electric vehicles in the country
 "Tata Power launches RFID-enabled cards to support its EV charging ecosystem")
Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand
Power Grid Corporation of India Ltd (Powergrid) on Monday posted over a 5 per cent decline in consolidated net profit to Rs 3,597.16 crore due to increased finance costs
 "Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand")
Foxconn inks Rs 1.6K crore deal with TN for mobile component plant
May employ 6,000 people; in talks with state for further investments in EV
 "Foxconn inks Rs 1.6K crore deal with TN for mobile component plant")
Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns
Latest deal puts Flipkart's valuation at $35 bn and prepares it for IPO
 "Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns")
Peerless Group to invest Rs 1,000 cr in capex; focuses on hospital, realty
Profit before tax during FY'23 was Rs 196 crore against Rs 149 crore achieved in FY'22
 "Peerless Group to invest Rs 1,000 cr in capex; focuses on hospital, realty")