Page 1317 - Company News
Govt calls off strategic disinvestment of Pawan Hans, says DIPAM
The government had decided to sell 51% stake in Pawan Hans to Star9 Mobility Private Ltd for Rs 211.14 crore in May 2022
 "Govt calls off strategic disinvestment of Pawan Hans, says DIPAM")
Mahindra Lifespaces forays into plotted development; to start in Chennai
Spread over 19 acres, the project will offer a wide range of plots meeting the customers' needs and aspirations, with sizes up to 5,000 square feet
 "Mahindra Lifespaces forays into plotted development; to start in Chennai")
Audi sales nearly double in H1 of CY2023 on surge in premium car demand
Pre-owned business grows 53% YoY; company starts initiative for EV owners that gves them acccess to multiple electric partners on a single app
 "Audi sales nearly double in H1 of CY2023 on surge in premium car demand")
Rebel Foods enters Saudi, aims to build $100 mn food delivery biz in 3 yrs
Rebel Foods currently operates over 45 brands across multiple countries such as India, Indonesia, United Arab Emirates (Dubai, Abu Dhabi, Sharjah), the United Kingdom and Saudi Arabia
 "Rebel Foods enters Saudi, aims to build $100 mn food delivery biz in 3 yrs")
Settl FY23 revenue jumps two-fold to Rs 17cr, to add 3,000 beds by March
The company is in an advanced stage of discussion with a few property owners in three cities where it has a presence as well as three new markets
 "Settl FY23 revenue jumps two-fold to Rs 17cr, to add 3,000 beds by March")
Tata Group job opening ads for UK cell developer hints at local factory
The plant is set to make batteries for Jaguar Land Rover's planned range o fully electric models that are due from 2024.
 "Tata Group job opening ads for UK cell developer hints at local factory")
Prestige Estates plans to make $195 mn housing project debut in Indian mkt
Prestige has, for years, focussed on its home turf of Bengaluru and a few south Indian cities, developing more than 280 residential, commercial, retail and hospitality projects
 "Prestige Estates plans to make $195 mn housing project debut in Indian mkt")
Spicejet repays last Rs 25 cr to settle City Union Bank's Rs 100 cr loan
Last year, the airline had agreed to repay all its due by June 2023
 "Spicejet repays last Rs 25 cr to settle City Union Bank's Rs 100 cr loan")
Mahindra Lifespaces gets into plotted development with 'Lakefront Estates'
The project is designed to provide an ideal, customised living experience with green open spaces and access to excellent infrastructure and facilities, said the company
 "Mahindra Lifespaces gets into plotted development with 'Lakefront Estates'")
IndusInd Bank says all dues cleared by ZEEL, NCLAT disposes of appeal
The tribunal has asked both parties to pay the cost of the interim resolution professional for the period the case was under the resolution process
 "IndusInd Bank says all dues cleared by ZEEL, NCLAT disposes of appeal")
India key to expansion, focus on localisation here: US-based First Solar
PLI scheme winner working with home-grown players to develop component supply chain in India
 "India key to expansion, focus on localisation here: US-based First Solar")
IIFL Finance raised $175 million in June from HSBC, Union Bank and BoB
With a borrowing of $100 million in March, the total borrowing in 2023-24 (FY24) so far has reached $275 million
 "IIFL Finance raised $175 million in June from HSBC, Union Bank and BoB")
Audi India posts 97% jump in sales at 3,474 units in first half of 2023
The company said its pre-owned car business 'Audi Approved: plus' grew by 53 per cent in the first six months of 2023 and will continue to expand it further in the country
 "Audi India posts 97% jump in sales at 3,474 units in first half of 2023")
APSEZ reports 11.5% jump in total cargo volumes in April-June quarter
The cargo handling in June was, however, lower at 32.8 MMT as compared to 36 MMT in May
 "APSEZ reports 11.5% jump in total cargo volumes in April-June quarter")
M&M overall sales up 15% in June, SUV sales rise 22%; exports down by 10%
Three-wheeler sales were also up by 59% and reached 6,377 units in June 2023 from 4,008 units in June 2022
 "M&M overall sales up 15% in June, SUV sales rise 22%; exports down by 10%")
Tata Motors to hike prices of PVs from July 17 to offset input costs
The auto major noted that it will offer price protection to bookings made up to July 16, 2023 and deliveries up to July 31, 2023
 "Tata Motors to hike prices of PVs from July 17 to offset input costs")
Ashok Leyland June total sales up 5% at 15,221 units, CV sales jump 10%
Domestic medium and heavy commercial vehicle sales were at 9,274 units as compared to 8,399 units in June last year, a growth of 10 per cent, it added
 "Ashok Leyland June total sales up 5% at 15,221 units, CV sales jump 10%")
Tesla sales jump 83% from a year ago on tax credits, broader adoption
Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits
 "Tesla sales jump 83% from a year ago on tax credits, broader adoption")
Facebook action on quarter of individual grievances, Insta on 40% in May
Social media giant Meta's Facebook took action against only around 27 per cent of complaints it received from users and Instagram against less than half of total grievances raised by users in May 2023
 "Facebook action on quarter of individual grievances, Insta on 40% in May")
Tweet reading limits: 'Elon Musk needs to find a balance', say experts
They believe this may curtail civil rights and impact during disaster management scenarios
 "Tweet reading limits: 'Elon Musk needs to find a balance', say experts")