Page 1357 - Company News
Sajjan Jindal may acquire 48% stake in MG Motor India, govt onboard
When concluded, the deal will leave at least 51 per cent stake of the company in Indian hands
 "Sajjan Jindal may acquire 48% stake in MG Motor India, govt onboard")
Apple may shift 18% of iPhone production in India by FY25: Bank of America
A report released by BofA said that the share of India in iPhone manufacturing may even go higher if Apple's vendors expand here
 "Apple may shift 18% of iPhone production in India by FY25: Bank of America")
Darrell steps down as Logitech CEO, Gecht to take over as interim CEO
Swiss tech firm Logitech has announced that Bracken Darrell, president and chief executive officer (CEO), will be departing the company to pursue another opportunity
 "Darrell steps down as Logitech CEO, Gecht to take over as interim CEO")
Maintaining its small-car dominance, Maruti leads mid-size PV sales in FY23
Maruti launched several vehicles in this segment last year. It now has popular offerings like the Grand Vitara, Brezza, and XL6 in its product lineup catering to this market segment
 "Maintaining its small-car dominance, Maruti leads mid-size PV sales in FY23")
Demand for custom AI chatbots leads to hiring push at Happiest Minds Tech
The firm, which gets its revenue from helping companies digitize their services, is building tools that run on top of ChatGPT, customized to its clients' needs, he said
 "Demand for custom AI chatbots leads to hiring push at Happiest Minds Tech")
From Jaquar to Lakme: How some of the biggest Indian brands got their names
Here are etymologies of some of the oldest and most popular homegrown brands in the country
 "From Jaquar to Lakme: How some of the biggest Indian brands got their names")
Govt asks e-comm firms for self-regulatory framework to end 'dark patterns'
The govt has taken a serious note of 'dark patterns' and asked e-commerce firms to create a self-regulatory framework to stop such practices, Consumer Affairs Secretary Rohit Singh on Tuesday said
 "Govt asks e-comm firms for self-regulatory framework to end 'dark patterns'")
SAT stays Irdai order to transfer Sahara Life Insurance assets to SBI Life
On June 2, Irdai directed SBI Life Insurance to take over policy liabilities of around 2 lakh policies of Sahara Life as the latter failed to comply with the regulatory directions
 "SAT stays Irdai order to transfer Sahara Life Insurance assets to SBI Life")
After riding the pandemic edtech boom, Byju's inverted learning curve
India's first decacorn is mired in losses, court cases, valuation cuts and the attention of enforcement agencies
 "After riding the pandemic edtech boom, Byju's inverted learning curve")
NCLT to hear second plea of Aircastle against Spicejet on June 17
The NCLT on Tuesday asked Aircastle's counsel to explain how the second plea was maintainable against the same defaulter(SpiceJet)
 "NCLT to hear second plea of Aircastle against Spicejet on June 17")
Zydus Lifesciences gets USFDA nod for anti-smoking and arthritis drugs
The stock for Zydus Lifesciences rose 1.52 percent on BSE to Rs 517.70 per share
 "Zydus Lifesciences gets USFDA nod for anti-smoking and arthritis drugs")
NLC India JV plant in Ghatampur to supply 492 MW of electricity to Assam
State-owned NLC India joint venture Neyveli Uttar Pradesh Power has inked a pact to supply 492 MW of electricity to Assam from its 1,980 MW Ghatampur thermal plant
 "NLC India JV plant in Ghatampur to supply 492 MW of electricity to Assam")
Accenture plans to pump in $3 billion for data and AI in three years
India will be crucial part of the plan, since it is one of the largest delivery centres of the company
 "Accenture plans to pump in $3 billion for data and AI in three years")
Sony likely to seek forensic audit of Zee Entertainment, say lawyers
The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director
 "Sony likely to seek forensic audit of Zee Entertainment, say lawyers")
Fear of failure? Firms let IPO nods lapse on pricing mismatch, volatility
So far this year , 23 companies have decided to shelve public offers
 "Fear of failure? Firms let IPO nods lapse on pricing mismatch, volatility")
Emirates to offer premium economy class on its flights to Mumbai, Bengaluru
Gulf carrier Emirates on Tuesday announced that it will offer premium economy class, offering more legroom, on its Airbus A380 flights to Mumbai and Bengaluru, starting October 30.
 "Emirates to offer premium economy class on its flights to Mumbai, Bengaluru")
Subhash Chandra, ZEEL MD & CEO move SAT to challenge Sebi's order
Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises Ltd MD and CEO Punit Goenka have moved the Securities Appellate Tribunal challenging the Sebi interim order
 "Subhash Chandra, ZEEL MD & CEO move SAT to challenge Sebi's order")
3I Infotech's unit signs MoU with SRM Valliammai Engineering College
The collaboration will foster a mutually beneficial relationship for both the partners through promoting knowledge exchange, research opportunities, and academic growth
 "3I Infotech's unit signs MoU with SRM Valliammai Engineering College")
Aviom Housing Finance raises $30 mn from Nuveen to expand mkt reach
Aviom India Housing Finance on Tuesday announced a USD 30 million fundraise from global investment management firm Nuveen in a new funding round
 "Aviom Housing Finance raises $30 mn from Nuveen to expand mkt reach")
Accenture to invest $3 bn in Data, AI to accelerate clients' reinvention
Global IT services firm Accenture announced a $3 billion investment over three years in its Data & AI practice to help clients across all industries rapidly and responsibly advance and use AI