Page 1382 - Company News
Weekend Bites: Tesla, Rs 2,000 note, and it's dog-eat-dog in food delivery
In which we munch over the week's platter of news and views
 "Weekend Bites: Tesla, Rs 2,000 note, and it's dog-eat-dog in food delivery")
AI, AI Express hired more than 3,900 people this year: Campbell Wilson
Air India, under the stewardship of Tata Group, is revamping the airline group and hiring more people as it expands the fleet as well as operations
 "AI, AI Express hired more than 3,900 people this year: Campbell Wilson")
JSW Steel plans to raise up to Rs 17,000 cr; $1 bn from int'l markets
With respect to the plan to mop up Rs 14,000 crore through issuance of non-convertible debentures and convertible securities, the company said, it had obtained shareholders' approval in July 2022
 "JSW Steel plans to raise up to Rs 17,000 cr; $1 bn from int'l markets")
BSE, NSE remove NDTV. Adani Group firm from ASM framework from Monday
Leading bourses BSE and NSE on Friday said that NDTV, an Adani Group company, will move out of the ASM framework from May 22
 "BSE, NSE remove NDTV. Adani Group firm from ASM framework from Monday")
India Inc in a wait-and-watch mode on impact of Rs 2,000 note withdrawal
Real estate sector may face the brunt; CEOs from other sectors hopeful of business as usual
 "India Inc in a wait-and-watch mode on impact of Rs 2,000 note withdrawal")
Unacademy skips cash appraisal, speeds up ESOP vesting period by a year
Move to skip cash appraisals driven by firm's goal to achieve at least four quarters of profitability ahead of IPO
 "Unacademy skips cash appraisal, speeds up ESOP vesting period by a year")
NTPC Green Energy ties up with HPCL Mittal Energy for green hydrogen
State-owned power giant NTPC's arm NTPC Green Energy Ltd and HPCL Mittal Energy Ltd have signed a pact to collaborate in renewable energy and generation of green hydrogen
 "NTPC Green Energy ties up with HPCL Mittal Energy for green hydrogen")
NTPC logs 6% profit growth in FY23 at Rs 17,197 cr; income rises 34.45%
Rise in demand due to post-Covid rebound, coupled with economic growth, pushed the demand for power
 "NTPC logs 6% profit growth in FY23 at Rs 17,197 cr; income rises 34.45%")
Sensex, Bankex derivative contracts witness record Rs 528 crore turnover
BSE on Friday said that its newly relaunched Sensex and Bankex derivatives contracts witnessed a record turnover of Rs 528 crore on their first weekly expiry on the exchange
 "Sensex, Bankex derivative contracts witness record Rs 528 crore turnover")
Insulin maker GeneSys to invest $50-60 mn to set up plant in Hyderabad
GeneSys has partnered with Civica Rx, a US non-profit generic drug company, to manufacture and distribute affordable insulin
 "Insulin maker GeneSys to invest $50-60 mn to set up plant in Hyderabad")
SC dismisses Tata Motors plea challenging HC order on disqualification
In a big setback for Tata Motors, the Supreme Court on Friday dismissed its plea challenging an order of Bombay High Court which upheld the decision of the BEST to disqualify it from a tender process
 "SC dismisses Tata Motors plea challenging HC order on disqualification")
Maruti Suzuki working on various initiatives to make roads safer: Official
Maruti Suzuki is working on multiple initiatives, including setting up driver training institutes and fully automated driving test tracks, in order to make roads safer, senior company executive said
 "Maruti Suzuki working on various initiatives to make roads safer: Official")
Chinese fast-fashion retailer SHEIN 100% Indian on return, says Centre
No FDI, only tech transfer by Chinese fast-fashion retailer
 "Chinese fast-fashion retailer SHEIN 100% Indian on return, says Centre")
JSW Steel elevates Jayant Acharya as Joint MD, CEO with immediate effect
The company also announced the appointment of Gajraj Singh Rathore as additional director and whole-time director designated as Chief Operating Officer
 "JSW Steel elevates Jayant Acharya as Joint MD, CEO with immediate effect")
Berger Paints expects better margin with drop in input costs: Official
In terms of distribution, Berger Paints aims at expanding its network by adding approximately 8,000 new dealers to its current base of 40,000
 "Berger Paints expects better margin with drop in input costs: Official")
Infosys rolls out a 60% average variable payout; Wipro's at 80.2%
IT company Infosys has decided to roll out a 60 per cent average variable payout for its employees for Q4 FY23, while for Wipro the payout stands at 80.2 per cent, according to sources
 "Infosys rolls out a 60% average variable payout; Wipro's at 80.2%")
M3M eyes Rs 600 cr sales from phase-1 of City of Dreams project at Panipat
Phase-1 includes 900 plots of 140-180 square yards; Of these, 436 plots have already been sold for Rs 250 crore
 "M3M eyes Rs 600 cr sales from phase-1 of City of Dreams project at Panipat")
Zomato narrows losses to Rs 188 cr in Q4, expenses fall to Rs 2,431 cr
Firm announces three top-level appointments
 "Zomato narrows losses to Rs 188 cr in Q4, expenses fall to Rs 2,431 cr")
Govt plans action against Google after antitrust breaches: Chandrasekhar
The minister declined to specify what sort of policy or regulatory action the government could take
 "Govt plans action against Google after antitrust breaches: Chandrasekhar")
BIRET-GIC to acquire 2 assets from Brookfield funds for $1.4 billion
This is a first-of-its-kind partnership In India between a listed REIT (real estate investment trust) and a global institutional investor
 "BIRET-GIC to acquire 2 assets from Brookfield funds for $1.4 billion")