Page 1451 - Company News
Welspun One, GRT Group ink Rs 700 crore deal for Tamil Nadu project
The projects are being developed by Welspun as part of the memorandum of understanding with the Tamil Nadu government to invest around Rs 2500 crores in the state
 "Welspun One, GRT Group ink Rs 700 crore deal for Tamil Nadu project")
JK Tyre develops tyre with 80% sustainable and recycled materials
JK Tyre & Industries on Tuesday said it has developed a passenger car radial tyre with 80 per cent sustainable, recycled and renewable material
 "JK Tyre develops tyre with 80% sustainable and recycled materials")
Mahindra CIE Q4 profit rises 73% rise on robust domestic, European demand
The revenue from the India segment rose 13.3% to Rs 1,468 crore
 "Mahindra CIE Q4 profit rises 73% rise on robust domestic, European demand")
Tata Group's IHCL debuts in Ayodhya, signs deal to build 2 luxury hotels
With the addition of these two, IHCL will have 19 hotels across Taj, SeleQtions, Vivanta, and Ginger brands across Uttar Pradesh including nine others that are currently under development
 "Tata Group's IHCL debuts in Ayodhya, signs deal to build 2 luxury hotels")
After debt resolution, Essar Oil lines up Rs 1,200-crore capex
CARE has assigned "BBB+" rating to the long-term bank facilities of the company
 "After debt resolution, Essar Oil lines up Rs 1,200-crore capex")
Mahindra to fully utilise production capacity of CVs in 2-3.5 tonne range
Mahindra & Mahindra on Tuesday said it is looking to fully utilise its production capacity of commercial vehicles in the 2-3.5 tonne payload category in the current fiscal
 "Mahindra to fully utilise production capacity of CVs in 2-3.5 tonne range")
Mahindra & Mahindra to increase LCV production capacity as demand rises
As per the SIAM data, M&M's domestic sales of LCVs in this segment reached 198,121 units in 2022-23, indicating that production capacity is almost fully utilized
Mankind Pharma's Rs 4,326-crore IPO: Issue subscribed 14% on Day 1
The company's IPO closes on Thursday
 "Mankind Pharma's Rs 4,326-crore IPO: Issue subscribed 14% on Day 1")
What is ESG, how is it supporting companies' efforts toward sustainability
From the role and need to challenges faced by Indian companies in its implementation and criticism around it, here is a lowdown on what is ESG
 "What is ESG, how is it supporting companies' efforts toward sustainability")
Delhi HC quashes Google's plea over urgent hearing against CCI order
The Delhi High Court refused to grant an urgent hearing to Google on its challenge to a single-judge bench order asking CCI to consider a plea of the Alliance of Digital India Foundation (ADIF)
 "Delhi HC quashes Google's plea over urgent hearing against CCI order")
Adani Ports bond buyback allays refinancing risk: S&P Global Ratings
The company, part of the beleaguered Adani Group, should be able to lower its debt well ahead of the maturity of its unsecured notes worth $650 million, due in July 2024, S&P added
 "Adani Ports bond buyback allays refinancing risk: S&P Global Ratings")
Bajaj Auto Q4 results: Net profit drops 2.5% on sluggish exports
This helped total revenue from operations rise nearly 12% to Rs 8,905 crore
 "Bajaj Auto Q4 results: Net profit drops 2.5% on sluggish exports")
Serum Institute of India doubles Biocon investment to $300 million
The earlier investment by SILS in BBL was at a valuation of $4.9 billion, and the fresh $150-million investment pushes it up at $6 billion
 "Serum Institute of India doubles Biocon investment to $300 million")
Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter
Blackstone-backed company plans 40% growth in FY24 to turn profitable, says senior executive
 "Ed-tech firm Simplilearn plans acquisitions, expansion amid funding winter")
Myntra introduces 'vernacular search' for users to shop in Indian languages
feature allows consumers to browse for fashion, beauty and lifestyle products in 10 Indian languages other than Hindi
 "Myntra introduces 'vernacular search' for users to shop in Indian languages")
Apollo opens genomic institute in Chennai, to open three more in 2023
Facility will offer services genetic evaluation, clinical diagnostics, obstetric genetics, cancer genomics and other services
 "Apollo opens genomic institute in Chennai, to open three more in 2023")
Vodafone's top backer e& discusses board changes and ups stake
he Abu Dhabi-based company, which is majority owned by the United Arab Emirates's sovereign wealth fund, now owns 14.6% of Vodafone, up from 14%
 "Vodafone's top backer e& discusses board changes and ups stake")
L&T's power transmission biz bags significant orders in India, overseas
Homegrown Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution business has won significant orders in the domestic and overseas markets
 "L&T's power transmission biz bags significant orders in India, overseas")
Serum Institute to pump in additional $150 mn in Biocon Biologics
Serum Institute of Life Sciences will invest an additional $150 million in Biocon Biologics as the partners decided to restructure the deal which was inked in 2021, Biocon said on Tuesday
Zydus Lifesciences gets nod from USFDA for metronidazole topical cream
The drug will be manufactured at the group's topical manufacturing facility at Changodar, Ahmedabad
 "Zydus Lifesciences gets nod from USFDA for metronidazole topical cream")