Page 1383 - Company News
Gail initiates legal proceedings against Gazprom for non-supply of LNG
State-owned Gail India on Friday said it has initiated legal proceedings against an arm of the Russian energy giant Gazprom for non-delivery of LNG
 "Gail initiates legal proceedings against Gazprom for non-supply of LNG")
MG and Jio join hands to offer better voice-recognition technology
The partnership will focus on the seamless integration of the Hinglish Voice Recognition-enabled experience in MG's newly launched Comet EV, with help from Jio's Digital Assets
 "MG and Jio join hands to offer better voice-recognition technology")
Suzuki Motorcycle expands retail footprint in TN, launches 4th facility
Japanese two-wheeler manufacturer Suzuki Motorcycle India Pvt Ltd has expanded its retail footprint in Tamil Nadu with the inauguration of fourth premium dealership facility in Coimbatore
 "Suzuki Motorcycle expands retail footprint in TN, launches 4th facility")
Corporate giants foray into paints biz to cash in on growing demand
According to Indian Paints Association, the paints and coating sector in the country is expected to touch Rs one trillion in next five years, from Rs 62,000 cr currently
 "Corporate giants foray into paints biz to cash in on growing demand")
April domestic air traffic crosses pre-pandemic levels, says DGCA data
April aviation data shows Indigo making up most of the market share in April at 57.5% with Vistara and Air India following behind
 "April domestic air traffic crosses pre-pandemic levels, says DGCA data")
Siemens to sell division for Rs 2,200 cr, buy EV charging firm for Rs 38 cr
The Indian market has unique requirements, such as lower power ratings and parallel charging
 "Siemens to sell division for Rs 2,200 cr, buy EV charging firm for Rs 38 cr")
Wheels India reports Q4 net profit of Rs 24.8 cr, earmarks Rs 200 cr capex
For the financial year ending March 31, 2023 the company registered net profit of Rs 65.2 crore as against Rs 79.8 crore in the previous year
 "Wheels India reports Q4 net profit of Rs 24.8 cr, earmarks Rs 200 cr capex")
Bennett Coleman to merge five subsidiaries with self as part of recast
Times Internet and Global Broadcasting are not part of restructuring exercise; firm had 26 subsidiaries on March 2021, according to its filings with govt
 "Bennett Coleman to merge five subsidiaries with self as part of recast")
Gail to borrow up to Rs 7,000 cr to fund Rs 10,000 cr capex plan in FY24
The company is also contemplating entering into the ethane cracker, but the plans are still on the drawing board
 "Gail to borrow up to Rs 7,000 cr to fund Rs 10,000 cr capex plan in FY24")
Tesla delegation stops short of committing to India plant in renewed talks
A delegation of Tesla Inc. executives to India discussed the possible local sourcing of components and incentives but stopped short of proposing to build vehicles in the country
 "Tesla delegation stops short of committing to India plant in renewed talks")
Indian Oil eyes processing bio-naphtha for petrochemicals: Chairman
Bio-naphtha is typically obtained from hydro-treatment of used vegetable and cooking oils
 "Indian Oil eyes processing bio-naphtha for petrochemicals: Chairman")
Shein is coming back to India. Here's why it was banned in the past
With Shein re-entering the Indian market, many speculate about what changed for the Chinese retailer to be allowed re-entrance. Here's all you need to know about the company, its ban and its future
 "Shein is coming back to India. Here's why it was banned in the past")
Why is Tesla so confused about Indian market? Challenges and opportunities
Top Tesla officials are visiting India this week to speak with government officials and discuss local sourcing of parts and other issues
 "Why is Tesla so confused about Indian market? Challenges and opportunities")
In Adani-Hindenburg saga hard to pinpoint regulatory failure, says SC panel
On price volatility, the committee said that the Indian market was 'not unduly volatile' after the Hindenburg report on Adani was revealed in January
 "In Adani-Hindenburg saga hard to pinpoint regulatory failure, says SC panel")
Litigants' claims in US court over loan to entity 'bewildering': Byju's
Edtech giant says creditors claim about hiding $500 million 'entirely incorrect'
 "Litigants' claims in US court over loan to entity 'bewildering': Byju's")
Suzlon Energy secures fourth wind energy project order in less than a month
This is Suzlon's fourth such order in less than a month. It will supply the wind turbines along with project supervision and commissioning as part of the agreement
 "Suzlon Energy secures fourth wind energy project order in less than a month")
Suzlon bags 69 MW wind energy order from Nordic Energy's Indian subsidary
Renewable energy solutions provider Suzlon has secured a 69 MW wind energy order from the Indian subsidiary of a leading Nordic Energy Company
 "Suzlon bags 69 MW wind energy order from Nordic Energy's Indian subsidary")
Sign of the times: Infosys cuts employees' variable pay for Q4 FY23 to 60%
Infosys had reduced the variable payout to 70 per cent in the Q1 FY23, which was then lowered to 65 per cent in the second quarter.
 "Sign of the times: Infosys cuts employees' variable pay for Q4 FY23 to 60%")
Adani Group stocks lose $10 billion in value as MSCI exclusion weighs
Adani Total Gas Ltd. and Adani Transmission Ltd. - the two stocks to be dropped from the MSCI India gauge at the end of this month
 "Adani Group stocks lose $10 billion in value as MSCI exclusion weighs")
Google to kill 3rd-party cookies for 1% of Chrome users early next year
Google has announced it will migrate one per cent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024
 "Google to kill 3rd-party cookies for 1% of Chrome users early next year")