Page 1433 - Company News
Audi begins local production of Q3 range in India's Aurangabad facility
Luxury carmaker Audi India on Wednesday said it has commenced local production of Q3 and Q3 Sportback at Skoda Auto Volkswagen India's Aurangabad facility
 "Audi begins local production of Q3 range in India's Aurangabad facility")
Auditor who was named in Hindenburg report resigns from Adani's company
CA firm, whose appointment was questioned by US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to "pre-occupation", Adani Total Gas Ltd
 "Auditor who was named in Hindenburg report resigns from Adani's company")
ZestIoT raises $6.5 million in funding round led by IvyCap Ventures
Tech startup ZestIoT on Wednesday said it secured $6.5 million, about Rs 51 crore, in a funding round led by IvyCap Ventures
 "ZestIoT raises $6.5 million in funding round led by IvyCap Ventures")
Supreme Court paves way for tribunal to act against IL&FS auditors
The court said the intention of the legislature behind Section 145 is very clear
 "Supreme Court paves way for tribunal to act against IL&FS auditors")
50% of firms fell victim to ransomware attacks in 2022, shows report
The survey was conducted among 569 cybersecurity leaders from 31 different locations around the world, including the US, UK, France, India, and Japan, among others
 "50% of firms fell victim to ransomware attacks in 2022, shows report")
CIEL Group to raise Rs 150-Rs 200 cr in FY 2023-24, says official
Staffing solutions provider CIEL Group has planned to raise Rs 150 to Rs 200 crore this financial year to fund its acquisition plans, a top official said here on Wednesday
 "CIEL Group to raise Rs 150-Rs 200 cr in FY 2023-24, says official")
Thomas Cook India's arm, Kanoo Travel to form joint venture in Saudi Arabia
Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India, and GCC-based travel conglomerate Kanoo Travel have signed an agreement to establish a joint venture in Saudi Arabia
 "Thomas Cook India's arm, Kanoo Travel to form joint venture in Saudi Arabia")
Nights stays in private room listings in India soars 80% on year: Airbnb
Nights stayed in private room listings in India grew by over 80 per cent in 2022 when compared to 2021
 "Nights stays in private room listings in India soars 80% on year: Airbnb")
FMCG firm Bajaj Consumer Care net profit climbs 13 pc to Rs 40.5 cr
FMCG firm Bajaj Consumer Care Ltd on Wednesday reported a 13 per cent rise in its consolidated net profit at Rs 40.46 crore for the fourth quarter ended March 2023
 "FMCG firm Bajaj Consumer Care net profit climbs 13 pc to Rs 40.5 cr")
MRF Q4 net profit doubles to Rs 341 cr, declares Rs 169/share dividend
Company says it recorded growth in all product groups as increase in raw material prices continued
 "MRF Q4 net profit doubles to Rs 341 cr, declares Rs 169/share dividend")
Hero MotoCorp to bump up presence of VIDA V1 e-scooter to 100 cities
Hero MotoCorp on Wednesday said it will scale up the presence of its electric scooter range under the VIDA brand to 100 cities this year
 "Hero MotoCorp to bump up presence of VIDA V1 e-scooter to 100 cities")
SAP will provide cloud support to Apollo Tyres to drive digital growth
Enterprise application software and cloud solutions company SAP on Wednesday said it is supporting tyre manufacturer Apollo Tyres in moving their digital core onto the cloud
India-owned NTPC's installed capacity in Bangladesh reaches 72,304 MW
State-owned NTPC Ltd on Wednesday said its installed capacity at the group level has reached 72,304 MW-mark post addition of unit 1 of Maitree Super Thermal Power Plant (MSTPP) in Bangladesh.
 "India-owned NTPC's installed capacity in Bangladesh reaches 72,304 MW")
TVS Emerald, Columbia Pacific to set up senior living project in Chennai
Joint venture project has a revenue potential of approximately Rs 175 crore
 "TVS Emerald, Columbia Pacific to set up senior living project in Chennai")
PhonePe goes live with UPI LITE to enable low-value transactions
Feature enables faster, seamless transactions for low-value amounts of Rs 200 or less
 "PhonePe goes live with UPI LITE to enable low-value transactions")
HC appoints arbitrator in Max Healthcare, Care Hospitals dispute case
Max says as it has signed a term sheet with Quality Care for the acquisition of Care Hospitals, its offer should be decided first
 "HC appoints arbitrator in Max Healthcare, Care Hospitals dispute case")
NCLT to hear cash strapped Go First Airway's insolvency plea on May 4
The National Company Law Tribunal tribunal (NCLT) on Thursday will hear cash-strapped air carrier Go First's voluntary insolvency resolution plea
 "NCLT to hear cash strapped Go First Airway's insolvency plea on May 4")
Tata group-owned Air India enters into an interline pact with Vistara
Tata group owned Air India on Wednesday announced entering into an interline pact with Vistara
 "Tata group-owned Air India enters into an interline pact with Vistara")
Amazon, Samara Capital to shed 20% stake in More Retail before IPO
The Amazon-Samara combine has approached family offices and domestic capital investors for the deal, sources said
 "Amazon, Samara Capital to shed 20% stake in More Retail before IPO")
CBI arrests ex-CMD of WAPCOS, his son in DA case; seizes Rs 38.38 cr
The Central Bureau of Investigation (CBI) on Wednesday arrested Rajinder Kumar Gupta, the former CMD of WAPCOS, and his son in a Disproportionate Assets case
 "CBI arrests ex-CMD of WAPCOS, his son in DA case; seizes Rs 38.38 cr")