Page 14 - Company News
Vedanta raises ₹2,000 crore through issuance of non-convertible debentures
The fundraise is aimed at diversifying the company's funding mix and bolstering its balance sheet as it refinances existing debt
 "Vedanta raises ₹2,000 crore through issuance of non-convertible debentures")
Coca-Cola considering December filing for India bottling unit's $1 bn IPO
The Atlanta-based drinks giant has also added Axis Capital Ltd. and IIFL Capital Services Ltd. to the roster of banks working on the Hindustan Coca-Cola Beverages Pvt deal
 "Coca-Cola considering December filing for India bottling unit's $1 bn IPO")
ED arrests Vatika Group promoters in ₹154 crore money laundering case
Vatika Group's Chairman and MD Anil Bhalla and promoter Gautam Bhalla were arrested on Tuesday under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002
 "ED arrests Vatika Group promoters in ₹154 crore money laundering case")
DoorDash opens first India office in Hyderabad, plans 3,000-plus jobs
The Hitec City hub starts with 500 professionals and will support customer experience, integrity and corporate functions for DoorDash's global operations
 "DoorDash opens first India office in Hyderabad, plans 3,000-plus jobs")
FSSAI suspends Seven Seas Hospitality licence over safety violations
Fungal growth on food materials, presence of insects, poor hygiene, filth and odour were observed during the inspection, according to the regulator
 "FSSAI suspends Seven Seas Hospitality licence over safety violations")
FSSAI suspends Seven Seas Hospitality licence over food safety violations
FSSAI said it had suspended the licence of Seven Seas Hospitality after finding 'serious non-compliances' during an inspection of its food premises
 "FSSAI suspends Seven Seas Hospitality licence over food safety violations")
Replus Engitech, Indus Towers sign MoU to develop telecom energy storage
Under the MoU, Replus intends to make available dedicated BESS production capacity of 1.5 GWh over two years to support the evolving energy requirements of telecom infrastructure
 "Replus Engitech, Indus Towers sign MoU to develop telecom energy storage")
Tata row: Maharashtra Charity Commissioner office may have a say
Maharashtra Charity Commissioner is examining whether Tata Trusts' actions breached norms as the Tata Sons board faces a governance dispute
 "Tata row: Maharashtra Charity Commissioner office may have a say")
Flipkart's uncertain IPO timeline leaves employee stock options tied up
Listing could be delayed by another one to two years as Walmart takes a wait-and-see approach; some former employees may seek clarity on the IPO timeline
 "Flipkart's uncertain IPO timeline leaves employee stock options tied up")
TCE's long march from Tata captive to global engineering consultancy
Six decades on, nearly half its revenue comes from international markets
 "TCE's long march from Tata captive to global engineering consultancy")
Hope RBI will find a common ground with us: Tata Trusts Chairman Noel Tata
Tata Trusts, which holds 66 per cent in Tata Sons, outlined a proposal on Monday to merge Tata Electronics Systems Solutions Private Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons
 "Hope RBI will find a common ground with us: Tata Trusts Chairman Noel Tata")
Airtel an institution; next gen can decide on other biz, says Mittal
Expansion beyond British Telecom in Europe subject to finding the right candidates
 "Airtel an institution; next gen can decide on other biz, says Mittal")
OpenAI takes on Meta with always-on Dots agent in enterprise AI push
The Dots agents aim to capitalize on growing demand for agents that can handle everyday work with little supervision.
 "OpenAI takes on Meta with always-on Dots agent in enterprise AI push")
India's Essar group to invest $18 bn in steel manufacturing in the US
The plan includes a proposed $15 billion steel complex in Iowa and nearly $3 billion already invested in a Minnesota iron ore mine and pelletising facility
 "India's Essar group to invest $18 bn in steel manufacturing in the US")
IndusInd Bank targets 1.3% RoA, but insurance cuts pose earnings risk
Bank targets RoA of 1.25-1.30% over two years, but Jefferies says a 30% reduction in bancassurance fee income could lower profits by around 5%
 "IndusInd Bank targets 1.3% RoA, but insurance cuts pose earnings risk")
Following SC order on forensic audit, IHH may raise Fortis stake to 51%
IHH says India remains a key strategic market as it plans to deepen its Fortis investment, despite a Supreme Court-ordered forensic audit into past transactions
 "Following SC order on forensic audit, IHH may raise Fortis stake to 51%")
SC limits Fortis forensic audit, bars 'fishing and roving' bank inquiry
Supreme Court says the forensic audit must remain confined to transactions involving Fortis Healthcare, its holding company, judgment debtors and concerned banks
 "SC limits Fortis forensic audit, bars 'fishing and roving' bank inquiry")
NCLAT seeks creditors' response to Subhash Chandra plea against NCLT order
Appellate tribunal seeks replies within a week and will hear interim relief pleas on October 29-30; Chandra challenges NCLT's September 1 order
 "NCLAT seeks creditors' response to Subhash Chandra plea against NCLT order")
Britannia elevates N Venkataraman to deputy MD, names Jayaraman as CFO
N Venkataraman will oversee finance, strategy, legal, secretarial and IT functions, while Ramamurthy Jayaraman will take over as chief financial officer from October 1
 "Britannia elevates N Venkataraman to deputy MD, names Jayaraman as CFO")
Tata Electronics grows into strategically important arm of the Tata Group
From assembling iPhones to building semiconductor facilities, Tata Electronics has grown rapidly, with revenue rising from ₹1.9 crore in FY22 to ₹1.31 trillion in FY26
 "Tata Electronics grows into strategically important arm of the Tata Group")