Page 1344 - Company News
Leased petroleum assets under IBC to be exempt from moratorium: MCA
New rule aimed at ensuring national petro assets don't lie idle; petroleum ministry can repossess such assets such as oil wells and give them to another party
 "Leased petroleum assets under IBC to be exempt from moratorium: MCA")
Japan-based Musashi forays into Indian EV market with Rs 70-cr investment
Musashi will collaborate with BNC Motors for expansion into the EV market
 "Japan-based Musashi forays into Indian EV market with Rs 70-cr investment")
Indsil Hydro Power sells 12 MW power plant in Raipur for Rs 11.40 cr
The power plant was not operational and hence, the said sale will not affect the operations of the company, it added
 "Indsil Hydro Power sells 12 MW power plant in Raipur for Rs 11.40 cr")
JBM Auto top contender for controlling stake in SML Isuzu: Report
JBM is mulling various options to acquire the shareholding, including cash as well as a share swap deal, the report added
 "JBM Auto top contender for controlling stake in SML Isuzu: Report")
Looking to expand footprint, Voltas to strengthen 'Voltas Beko' brand
The company has showcased a range of air conditioning and cooling products, along with the latest range of home appliances at the shop located on Fort Station Road, Jerome Building, Tiruchirappalli
 "Looking to expand footprint, Voltas to strengthen 'Voltas Beko' brand")
Music in a bottle: How Coke Studio Bharat is adding fizz to Coca-Cola
In its second avatar, the property is relying on creativity, technology and data analytics to move the needle
 "Music in a bottle: How Coke Studio Bharat is adding fizz to Coca-Cola")
Amazon-Uber extend strategic tie-up, 5% cashback on rides for Prime members
Of the 5%, they will get 4% as Uber credit and 1% as Amazon Pay cashback, which can be used to save more on future rides with Uber and fulfill shopping needs on Amazon.in
 "Amazon-Uber extend strategic tie-up, 5% cashback on rides for Prime members")
Fitch affirms stable outlook to $362.5 mn debt of Adani Green Energy RG2
The Adani family recently sold USD1.9 billion in shares across various group entities to a US-based fund, it noted
 "Fitch affirms stable outlook to $362.5 mn debt of Adani Green Energy RG2")
Natco gets USFDA approval for Tipiracil Hydrochloride, Trifluridine Tablets
Shares of Natco Pharma Ltd, on Friday, fell over 1 per cent at Rs 632 on BSE
 "Natco gets USFDA approval for Tipiracil Hydrochloride, Trifluridine Tablets")
Aiming Rs 1 trillion turnover for Patanjali Group in next 5 years: Ramdev
Patanjali Group is looking to clock a turnover of Rs 1 lakh crore in next five years as it expands reach to all sections of consumers with different offerings, its leader Baba Ramdev said on Friday.
 "Aiming Rs 1 trillion turnover for Patanjali Group in next 5 years: Ramdev")
Google programme to train and support Indian local news publishers
Initiative will support small or medium-sized news organisations in 9 languages
 "Google programme to train and support Indian local news publishers")
Vodafone Idea cuts ties with 25,000 retail partners to reduce costs
As competition in the telecom market rises due to competitive packages by Bharti Airtel and Reliance Jio, Vi is taking drastic cost-cutting measures
 "Vodafone Idea cuts ties with 25,000 retail partners to reduce costs")
M&M launches XUV700 in Australia at AUD 36,990; no diesel variant on offer
The XUV700 sold in Australia will come with only a turbo-petrol engine, the 2.0-litre mStallion that returns 200 bhp and a peak torque of 380 Nm
 "M&M launches XUV700 in Australia at AUD 36,990; no diesel variant on offer")
TCS, Transamerica end $2 billion contract due to macro environment
The 10-year contract, signed in early 2018, involved TCS working with U.S.-based Transameria to enable the digitization of more than 10 million policies into a single integrated platform
 "TCS, Transamerica end $2 billion contract due to macro environment")
Ramkrishna Forgings-Titagarh Rail consortium bags Rs 12,227 cr order
A consortium of Ramkrishna Forgings Ltd and Titagarh Rail Systems Ltd has bagged an order worth about Rs 12,227 crore from the railways ministry
 "Ramkrishna Forgings-Titagarh Rail consortium bags Rs 12,227 cr order")
Magicpin clocks 50% monthly growth on ONDC with over 30,000 daily orders
Hyperlocal e-commerce firm magicpin has recorded 50 per cent month-on-month growth on the government-supported ONDC network as it crossed 30,000 daily order mark on the platform, the company said
 "Magicpin clocks 50% monthly growth on ONDC with over 30,000 daily orders")
Micron Tech nears $1 billion investment in India's chip packaging plant
An announcement could be made as soon as when Prime Minister Narendra Modi visits the US next week, said the people, who asked not to be identified because the details are private
 "Micron Tech nears $1 billion investment in India's chip packaging plant")
Oracle lays off hundreds of employees at its health unit Cerner: Report
In May, another media report said that Oracle had laid off 3,000 employees at Cerner
 "Oracle lays off hundreds of employees at its health unit Cerner: Report")
Singapore Airlines denies media report on raising stake in Air India
Singapore Airlines said it has not raised its stake in Air India from the 25.1% which it secured as part of the Tata Group's Vistara merger to create a bigger full-service India's national carrier
 "Singapore Airlines denies media report on raising stake in Air India")
GAIL India issues swap tender for 12 LNG cargoes in 2024, say reports
GAIL (India) Ltd has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the US in exchange for 12 cargoes for delivery into India in 2024, two industry sources said
 "GAIL India issues swap tender for 12 LNG cargoes in 2024, say reports")