Page 1334 - Company News
Infosys to provide certification in AI, generative AI skills on Springboard
Infosys will provide certification in AI and Generative AI skills, crucial for landing jobs, through Infosys Springboard Virtual Learning Platform
 "Infosys to provide certification in AI, generative AI skills on Springboard")
ONGC links Panna oilfield field via sub-sea pipeline, saves $43,000 per day
Panna field, which is part of ONGC's Bassein & Satellite (B&S) asset of western offshore, produces 9,600 barrels of oil per day
 "ONGC links Panna oilfield field via sub-sea pipeline, saves $43,000 per day")
OTS slows down recoveries from retail portfolios for ARCs to 35%: Report
The agency, however, made it clear that the new rules will not impact the quantum of recovery, but there shall be a delay in the timelines to recovery by three to four quarters
 "OTS slows down recoveries from retail portfolios for ARCs to 35%: Report")
Troubles mount for Byju's, auditor Deloitte resigns over financial results
Separately, three board members reportedly resign but the company denies this
 "Troubles mount for Byju's, auditor Deloitte resigns over financial results")
Ashrai Infra to invest Rs 1,284 cr to develop project in Greater Noida
The company has launched the project 'Golden Grande' which will have office space as well as high-street retail
 "Ashrai Infra to invest Rs 1,284 cr to develop project in Greater Noida")
Manipal Technologies partners with Indian Bank to offer banking products
The partnership aims to build a sustainable network of corporate business correspondents (CBCs) that will enhance the availability,
 "Manipal Technologies partners with Indian Bank to offer banking products")
Applied Materials to invest $400 mn in India for new engineering center
Indian Prime Minister Narendra Modi had met with the company's CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country
 "Applied Materials to invest $400 mn in India for new engineering center")
VSK Energy backed by Vikram Solar to invest $1.5 bn in new US factories
The newly formed company, VSK Energy LLC, aims to leverage India's extensive solar manufacturing know-how in the U.S. push to build a clean energy manufacturing sector to compete with China
 "VSK Energy backed by Vikram Solar to invest $1.5 bn in new US factories")
Micron to set up $2.75 bn semiconductor assembly, test plant in Gujarat
Micron's plant has been approved under the government's Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme
 "Micron to set up $2.75 bn semiconductor assembly, test plant in Gujarat")
Lenders appoint SBI Caps as advisor for Rs 2,000 cr debt resolution of VIPL
As per the terms of reference, SBI Caps will invite bids for the sale or one time settlement (OTS) of VIPL debt
IFFCO, Kapoor Enterprises ink pact for export of nano liquid urea to US
The agreement was signed on June 21 in the backdrop of Prime Minister Narendra Modi's visit to the US
 "IFFCO, Kapoor Enterprises ink pact for export of nano liquid urea to US")
Cyient DLM IPO to open on Jun 27, sets price band at Rs 250-265 per share
Cyient DLM's IPO is a purely fresh issue of equity shares aggregating up to Rs 592 crore with no offer for sale (OFS) component
 "Cyient DLM IPO to open on Jun 27, sets price band at Rs 250-265 per share")
Mercedes-Benz accelerating drive to bring top-end vehicles to India
The Mercedes-Benz SL55 4MATIC+ features a petrol V8 engine with twin turbo charge and offers a top speed of 295 km/hour, the company said
 "Mercedes-Benz accelerating drive to bring top-end vehicles to India")
Bayer winds up business in Pak due to nation's weak economic condition
Pakistan's economy remains volatile due to uncertainty over the International Monetary Fund's bailout
 "Bayer winds up business in Pak due to nation's weak economic condition")
Fortis to sell Vadapalani hospital operations to Sri Kauvery Medical Care
The transaction will be an all-cash deal and is estimated to be consummated by the end of July 2023, subject to certain conditions as stipulated in the definitive agreements
 "Fortis to sell Vadapalani hospital operations to Sri Kauvery Medical Care")
IKEA store in Noida: Construction to begin soon after govt approval
The land was allotted to IKEA on a commercial plot located in sector 51 by the Noida Authority on February 9, 2021
 "IKEA store in Noida: Construction to begin soon after govt approval")
Gaming-focused VC firm Lumikai launches second fund worth $50 mn
Fund will take bets in pre-seed to series A start-ups with an average ticket size ranging between $200,000 and $1.2 mn
 "Gaming-focused VC firm Lumikai launches second fund worth $50 mn")
GAIL beats IOC to win licence to build Gurdaspur-Jammu gas pipeline
GAIL is India's largest gas firm, operating a 15,400-km pipeline network. It sells about 95 mmscmd of gas, or nearly two-thirds of all gas sold in the country
 "GAIL beats IOC to win licence to build Gurdaspur-Jammu gas pipeline")
EFC (I) to expand office space capacity 2.5 times to 60,000 desks in FY24
It mentioned that 65 per cent of the company's business comes from institutional clients, while the remaining 35 per cent comprises the retail part
 "EFC (I) to expand office space capacity 2.5 times to 60,000 desks in FY24")
GE signs MoU with HAL to make fighter jet engines for Indian Air Force
The development comes at a time when Indian Prime Minister Narendra Modi is on an official state visit to the United States
 "GE signs MoU with HAL to make fighter jet engines for Indian Air Force")