Page 1301 - Company News
30 years on, Disney continues to struggle in India despite scale, footprint
Now, say reports, Disney Star India, bought at a valuation of $15 billion, could be on the block for roughly one-third that amount
 "30 years on, Disney continues to struggle in India despite scale, footprint")
Thyssenkrupp Industrial Solution bags $100 mn contract from IOC Panipat
Thyssenkrupp Industrial Solution India, a unit of the German engineering major, on Wednesday said it bagged a USD 100-million order from Indian Oil Corporation
 "Thyssenkrupp Industrial Solution bags $100 mn contract from IOC Panipat")
Broadcom's $61 bn deal to buy VMware gets cleared by EU regulators
Computer chip and software maker Broadcom's USD 61 billion proposed purchase of cloud technology company VMware got the green light Wednesday from European Union regulators
 "Broadcom's $61 bn deal to buy VMware gets cleared by EU regulators")
DGCA sends reply to Go First flagging shortcomings in revival plan
"The DGCA shall be free to proceed ahead with the application submitted by the appellant regarding the resumption of flying operations without prejudice," the court added
 "DGCA sends reply to Go First flagging shortcomings in revival plan")
Domino's Pizza signs deal with Uber Eats in bid to make more dough
Domino's Pizza said on Wednesday it's partnering with Uber Eats to make deliveries in the US and 27 international markets
 "Domino's Pizza signs deal with Uber Eats in bid to make more dough")
HCLTech net slips 11.3% QoQ, maintains FY24 revenue growth guidance at 6-8%
HCLTech declared its earnings after market hours on Wednesday. Ahead of its results, the shares closed down 0.74 per cent at Rs 1,106.50 apiece on the BSE
 "HCLTech net slips 11.3% QoQ, maintains FY24 revenue growth guidance at 6-8%")
Dr Reddy's application for biosimilar candidate accepted for USFDA's review
Dr Reddy's Laboratories on Wednesday said its biologics licence application for its proposed biosimilar rituximab candidate has been accepted for a substantive review by the USFDA
 "Dr Reddy's application for biosimilar candidate accepted for USFDA's review")
Disney's India business sale may attract private equity firms, local rivals
In 2019, when Walt Disney acquired 21st Century Fox's entertainment business for $71.3 billion, the valuation of the India business was pegged at $14-15 billion
 "Disney's India business sale may attract private equity firms, local rivals")
Tata Tech evinces interest to set up CEFCs in K'taka, investing Rs 2,000 cr
Tata Technologies has come forward to set up three CEFCs in the state by investing Rs 2,000 crore, to facilitate MSMEs, Karnataka Large and Medium Industries Minister M B Patil said on Wednesday
 "Tata Tech evinces interest to set up CEFCs in K'taka, investing Rs 2,000 cr")
Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter
Singh and his family own 46.95 per cent stake in the airline as on March 31, 2023
 "Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter")
Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn
Meanwhile, RIL had reported a consolidated net profit of Rs 66,702 crore and ICICI Bank Rs 34,037 crore in FY23
 "Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn")
SpiceJet promoter Ajay Singh to inject Rs 500 crore in struggling airline
The infusion of fresh capital will substantially strengthen the SpiceJet's financial position
 "SpiceJet promoter Ajay Singh to inject Rs 500 crore in struggling airline")
HUL has the highest peneration in shampoos followed by soap bars: Kantar
The report also said that other interesting stories at the manufacturer level include the re-emergence of Patanjali
 "HUL has the highest peneration in shampoos followed by soap bars: Kantar")
Hindalco Industries board approves proposal to sell land for Rs 595 cr
Hindalco Industries' board on Wednesday approved a proposal to sell a land parcel at Kalwa, Maharashtra, for Rs 595 crore
 "Hindalco Industries board approves proposal to sell land for Rs 595 cr")
Tata Steel joins LeadIT to drive net-zero industry transformation
Tata Steel has joined the Leadership Group for Industry Transition (LeadIT), a global initiative to accelerate the transition to net-zero emissions in heavy industry, the company said on Wednesday.
 "Tata Steel joins LeadIT to drive net-zero industry transformation")
Homegrown server maker Netweb Technologies to float IPO on July 17
The initial share sale of homegrown server maker Netweb Technologies India will open on July 17 for public subscription
 "Homegrown server maker Netweb Technologies to float IPO on July 17")
Zoho, PwC India to help enterprises scale up digital transformation journey
Global technology company Zoho Corp said it has signed a strategic partnership with PwC India to help medium and large enterprises in the country accelerate their digital transformation journey
 "Zoho, PwC India to help enterprises scale up digital transformation journey")
Apollo Hospitals launches dedicated arm for comprehensive childcare
The Apollo Hospitals group on Wednesday launched a dedicated pediatric arm to provide "comprehensive care" for children at its major facilities, as its chairman Prathap C Reddy expressed hope
 "Apollo Hospitals launches dedicated arm for comprehensive childcare")
Saya Group to invest Rs 100 cr to build 336 apartments in Noida Extension
Saya Group is developing nearly 9 lakh square feet built-up area in this project, with a total saleable area of 6.8 lakh square feet
 "Saya Group to invest Rs 100 cr to build 336 apartments in Noida Extension")
Patanjali Foods' promoters plan to offload up to 9% stake through OFS
Share sale will help firm meet minimum public shareholding need
 "Patanjali Foods' promoters plan to offload up to 9% stake through OFS")