Page 1291 - Company News

Foxconn to apply for India chipmaking incentives after $19.5 bn JV pullout

"Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said

US Navy ship Salvor arrives at L&T Kattupalli shipyard for repairs

Rescue and salvage ship USNS Salvor reached the Larsen and Toubro's Kattupalli Shipyard near Chennai after the signing of the five-year Master Ship Repair Agreement (MSRA) between the US Navy and L&T

Minda Corporation bags Rs 750 cr order to produce EV battery chargers

The product will be manufactured at wholly-owned subsidiary Spark Minda Green Mobility Systems' facility at Pune, Minda Corporation said in a regulatory filing

Suzlon Group bags 47.6 MW wind energy project in Gujarat from KP Group

The project is located at Vagra in Bharuch district in Gujarat and is expected to be commissioned in 2024, a company statement said

Narayana to buy stake of Morgan Stanley, BanyanTree in Nspira at Rs 1.4k cr

Morgan Stanley PE and BanyanTree currently hold a 20 per cent stake in Narayana's group firm Nspira Management Services

Wadia Group in talks with investors to jointly bid for Go First: Report

The group wants to hedge its bets in the aviation sector and thus wants to partner with a financial investor while holding a majority stake

Vedanta Resources needs to be proactive about refinancing $1 bn bond: S&P

In April this year, the rating agency said that a credible refinancing plan at least six months before maturity, due in Jan 24, would be important to maintain the current rating

Poisoned cough syrup traced to India reveals lapses in regulation

From cough syrup to eyedrops to life-saving medications, quality lapses in one country can now endanger lives elsewhere as never before

Online platform CarTrade Tech to acquire Sobek Auto for Rs 537 crore

Online auto classified platform CarTrade Tech on Monday said it has inked a pact to acquire Sobek Auto India for a consideration of Rs 537 crore

US private investment firm Bain Capital in talks to acquire Vadilal

Bain Capital is also interested in merging the two Vadilal entities and is valuing Vadilal's ice cream business at over Rs 3,000 crore ($363.11 million)

Taylormade Renewables board approves proposal to shift shares to BSE

However, the decision remains subject to necessary approvals and eligibility criteria prescribed by the BSE/SEBI, the company said in a regulatory filing

Dunzo delays salaries of about 500 employees for June month: Report

Reliance Retail and Google-backed logistics and delivery platform Dunzo has deferred payment of the June salaries to about 500 employees, according to sources

Oppo expects to sell 83% more Reno 10 series than previous version

Smartphone maker Oppo expects its Reno 10 series sales volume to be 83 per cent higher in India compared to the previous version, a senior official of the company said on Monday.

Dr Reddy's selects Amazon Web Services as preferred cloud provider

Amazon Web Services (AWS) on Monday announced that Dr. Reddy's Laboratories has selected it as preferred cloud provider to help provide access to affordable and innovative medicines

NCLAT sets aside NCLT order rejecting insolvency plea against Uniworth

The National Company Law Appellate Tribunal set aside the order of the Kolkata bench of NCLT, which had rejected the plea of Asset Reconstruction Company

Foxconn walks out of Vedanta joint venture for chip plant in India

Both firms committed to India's semicon mission: Govt

TPG to buy Forcepoint's govt cyber unit in $2.45 billion deal: Report

The acquisition would hand TPG control of Forcepoint Global Governments and Critical Infrastructure, which focuses on key infrastructure for US government and federal agencies

Foxconn, Vedanta committed to semiconductor mission, says Vaishnaw

Foxconn and mining behemoth Vedanta are committed to the semiconductor mission and the Make-in-India programme of the country, Union Minister of Electronics and IT Ashwini Vaishnaw said

Abhijit Chakravorty to be new MD & CEO of SBI Cards and Payment Services

Chakravorty, a post graduate in Applied Chemistry, started his banking career as a Probationary Officer with SBI in 1988

Pakka setting up $250 mn bagasse-based packaging paper plant in Guatemala

Regenerative packaging solutions firm Pakka is setting up a 400 tonne per day bagasse-based packaging paper plant at an investment of around Rs 2,065 crore in sugarcane-rich Guatemala, South America