Page 1509 - Company News
CCI approves acquisition of 100% equity share capital of L&T IDPL, KTL
At the end of the relevant concession period, typically the entire facilities are transferred to the concerned government authorities
 "CCI approves acquisition of 100% equity share capital of L&T IDPL, KTL")
LIC sells 2% stake in NMDC between Dec and Mar, gets over Rs 700 crore
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in the public sector unit to 11.69 per cent
 "LIC sells 2% stake in NMDC between Dec and Mar, gets over Rs 700 crore")
Delivery execs highest paid as freshers in Blue/Grey collar sector: Study
The data shows delivery workers in Chennai and Bengaluru are paid more than those in Mumbai and Kolkata. Workers with over four years' experience also earn more than those in other cities
 "Delivery execs highest paid as freshers in Blue/Grey collar sector: Study")
Garment producers demand Rs 200 cr dues from Kishore Biyani's Future Group
The All India Garment Manufacturers & Vendors Association (AIGMVA) has demanded that Future Group owner Kishore Biyani should pay up their dues of over Rs 200 crore pending since 2019
 "Garment producers demand Rs 200 cr dues from Kishore Biyani's Future Group")
Samsung to build 'mega' chip cluster near Seoul, sets aside $230 billion
Samsung Electronics expects to invest over the next 20 years as part of an ambitious South Korean national project
 "Samsung to build 'mega' chip cluster near Seoul, sets aside $230 billion")
Hero Electric to roll out 1 million vehicles per year for next 2-3 years
The company will focus on manufacturing all these vehicles in India
 "Hero Electric to roll out 1 million vehicles per year for next 2-3 years")
Three in every five companies in India want to hire STEM-qualified women
The rise in demand for STEM-qualified women is expected to rise the highest in the retail and e-commerce industry
 "Three in every five companies in India want to hire STEM-qualified women")
Shriram Finance looking to sell 15% stake in housing finance arm: Report
Shriram Housing Finance Ltd., which offers home loans, largely in the affordable housing segment, has received interest from several private equity players, including BPEA EQT, formerly Baring PE Asia
 "Shriram Finance looking to sell 15% stake in housing finance arm: Report")
Suzuki Motorcycle ties up with Standard Chartered to give funds to dealers
The initiative will support the company's dealer partners across the country and enable them to expand their businesses and operations, the two-wheeler maker said in a statement
 "Suzuki Motorcycle ties up with Standard Chartered to give funds to dealers")
Indian companies need to reduce corporate flying emissions: Report
Globally, only 50 companies out of 322 have set targets to reduce business travel, with technology company Wipro paving the way in India
 "Indian companies need to reduce corporate flying emissions: Report")
Amazon Web Services served Rs 549 crore income tax demand notice: Report
AWS: The income tax department has reportedly raised the demand for Rs 190.85 crore tax for 2014-15 and Rs 358.27 crore for 2016-17 by invoking Section 147 of the Income-tax Act
 "Amazon Web Services served Rs 549 crore income tax demand notice: Report")
One Impression raises $10 mn in series-A funding from Krafton, others
The Gurgaon-based startup claims to have helped over 500 brands, including the likes of Cetaphil, Meesho and MamaEarth, to drive growth with influencer-led initiatives
 "One Impression raises $10 mn in series-A funding from Krafton, others")
Three years, 4,700 complaints against domestic airlines: Govt data
The grievances are taken up with the airlines concerned. If the complainant is not satisfied he/she can file an appeal
 "Three years, 4,700 complaints against domestic airlines: Govt data")
SVB crisis: Why biz world should worry about the decline of liberal arts
Most companies will have to grapple with the question of establishing the right division of labor between knowledge workers and intelligent machines
 "SVB crisis: Why biz world should worry about the decline of liberal arts")
Japanese startup tells new hires they need to know ChatGPT for job
The startup, which focuses on promoting digitizing business transactions, is confident it's on the right side of a growing divide over the use of the technology
 "Japanese startup tells new hires they need to know ChatGPT for job")
Top headlines: FPIs seek six more mths from FinMin, 1st India chip fab soon
Business Standard brings you the top headlines at this hour
 "Top headlines: FPIs seek six more mths from FinMin, 1st India chip fab soon")
Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report
Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total
 "Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report")
SVB collapse: Start-ups seek govt's help to bring money to India
Sources said many start-ups which had deposits in SVB have shared worries about possible burdens due to compliance checks and taxes to be applied while bringing the money to India
 "SVB collapse: Start-ups seek govt's help to bring money to India")
Reliance buyout of METRO Cash & Carry India gets CCI's clearance
METRO India began operations in India in 2003 and was the first company to introduce a cash-and-carry business format in the country
 "Reliance buyout of METRO Cash & Carry India gets CCI's clearance")
NCLT approves GAIL's Rs 2,079 cr resolution plan for JBF Petrochemicals
The National Company Law Tribunal (NCLT) has approved the state-owned GAIL's Rs 2,079 crore resolution plan for JBF Petrochemicals, which owed Rs 7,918 crore to a consortium led by IDBI Bank
 "NCLT approves GAIL's Rs 2,079 cr resolution plan for JBF Petrochemicals")