Page 1394 - Company News
TCS, Intellect in race for development of advanced version of portal GeM
The government had set a pre-condition for the bidders to have a special certificate to qualify for the GeM portal tender
Zomato begins its own UPI offering, Flipkart expected to follow soon
The report citing sources added that e-commerce platform Flipkart is also hopping on the bandwagon and has started its work for UPI offerings
 "Zomato begins its own UPI offering, Flipkart expected to follow soon")
Jupiter Wagons raises Rs 125 cr via qualified institutional placement route
The funds will be utilized to accelerate its wagon manufacturing capacity, JWL said in a statement on Tuesday
 "Jupiter Wagons raises Rs 125 cr via qualified institutional placement route")
Infosys, bp deepen relationship to transform digital application landscape
The companies will continue to explore more avenues for bp to advance sustainability, DE&I and other social impact initiatives
 "Infosys, bp deepen relationship to transform digital application landscape")
Dish TV minority shareholders seek EGM, removal of 2 independent directors
Informing about the development to the stock exchanges, Dish TV said it is examining the communication from the minority shareholders
 "Dish TV minority shareholders seek EGM, removal of 2 independent directors")
As HCCB plans to sell its bottling business, senior officials bid adieu
The list of officials who resigned includes Neil Comerford who was executive director (ED) of the sales and commercial department, ED, HR Indrajeet Sengupta, among others
 "As HCCB plans to sell its bottling business, senior officials bid adieu")
 "Infra lender NaBFID to sanction loan worth Rs 1 trillion this fiscal")
Jio-bp launches diesel that will save of Rs 1.1 lakh per truck yearly
Jio-bp on Tuesday announced the launch of its diesel with Active technology, set to elevate diesel standards for Indian consumers.
 "Jio-bp launches diesel that will save of Rs 1.1 lakh per truck yearly")
Kia to build new electric vehicle plant in Mexico, likely to invest $1 bn
Hyundai Motor and Kia aim to sell around 2 million and 1.6 million all-electric vehicles, respectively, by that year
 "Kia to build new electric vehicle plant in Mexico, likely to invest $1 bn")
Number of cases under IBC gone up by 24% in Q4FY23, says CARE Ratings
Only 10per cent% have ended in approval of resolution plans, while 31 per cent remain in the resolution process vs. 35 per cent as of the end of March 2022
 "Number of cases under IBC gone up by 24% in Q4FY23, says CARE Ratings")
INOX invests in Tata Steel's Dhenkanal plant to set up air separation units
The units will separate these gases from the air and supply it to the steel plant, Jain said, adding that the project is expected to be commissioned by March, 2025
 "INOX invests in Tata Steel's Dhenkanal plant to set up air separation units")
Senior Tesla executives to visit India this week in pivot beyond China
The executives are scheduled to meet govt representatives including those from the office of Prime Minister Narendra Modi to discuss local sourcing of components for Tesla's models
 "Senior Tesla executives to visit India this week in pivot beyond China")
Average stipend pay outs hiked by 2% in India in FY23, Chennai leads
"Employers are willing to pay higher stipends than industry mandates as they see the value of investing in apprentices to bridge the skill crisis and create a sustainable talent supply chain"
 "Average stipend pay outs hiked by 2% in India in FY23, Chennai leads")
Foxconn lines up Rs 4,110 cr for new Hyderabad plant, 25,000 jobs likely
The factory's construction will be finished in nine months, and operations will start within a year
 "Foxconn lines up Rs 4,110 cr for new Hyderabad plant, 25,000 jobs likely")
Shapoorji Pallonji Group taps private credit market to raise $1.6 bn
The group has been seeking ways to free up cash as rising interest rates bite
 "Shapoorji Pallonji Group taps private credit market to raise $1.6 bn")
Vedanta-Foxconn JV set to get govt approval for its chip-making plant
VFSL is a joint venture between India's Vedanta Group and Taiwan's Hon Hai Precision Industry (Foxconn). The two have 63 and 37 per cent stake in the company, respectively
 "Vedanta-Foxconn JV set to get govt approval for its chip-making plant")
BSNL targets to increase market share by double in three years: BSNL CMD
The Chairman and Managing Director of the Bharat Sanchar Nigam Limited (BSNL) Pravin Kumar Purwar has said that the BSNL has set up a target to reach 15 per cent to 20 per cent of market share
 "BSNL targets to increase market share by double in three years: BSNL CMD")
Apple to not make iPads, Mac PCs but may manufacture AirPods in India
This comes amid reports that the Cupertino-based tech giant may soon start producing all its major products in India
 "Apple to not make iPads, Mac PCs but may manufacture AirPods in India")
Foreign VC investors cut telecom allocations by 97% since 2018-19
Overall investment across sectors remains higher in 2022-23 than before
 "Foreign VC investors cut telecom allocations by 97% since 2018-19")
Shopping from Amazon may get costlier as platform hikes seller commission
The move comes as the platform, like other tech companies, seeks to conserve cash and expand revenue channels in the midst of a global slowdown
 "Shopping from Amazon may get costlier as platform hikes seller commission")